Moody's Investors Service has downgraded the long-term local-currency deposit and foreign-currency senior unsecured debt ratings of Ardshinbank to Ba3 from Ba2, and downgraded Ardshinbank's and VTB Bank (Armenia)'s foreign-currency deposit ratings to
By Jameel Ahmad, Chief Market Analyst at FXTM As reality sinks in amid the market’s growing realization that the astonishing move from the Swiss National Bank (SNB) to remove the minimum exchange
If Greece declares insolvency and is obliged to leave the Eurosystem, Germany will have to reckon with a loss of up to 76 bln euros, according to Ifo Institut calculations. If, on
By Jameel Ahmad, Chief Market Analyst at FXTM The currency markets were completely rocked yesterday after the shocking and completely unexpected monetary decision from The Swiss National Bank (SNB). Although the SNB
Ryanair launched the first celebrations marking its 30th birthday. Since its first flight took off in 1985, Ryanair has grown: – From 1 route (Waterford to London Gatwick) to over 1,600 routes
As Greece braces for national elections in twelve days time, the Greek financial markets seem to have steadied on Monday in a sign that investors are now less concerned that the result
By Jameel Ahmad, Chief Market Analyst at FXTM The major headline-catching storyline throughout the latter half of 2014 and even the opening week of 2015 has been the dramatic plummet in oil
By Jameel Ahmad, Chief Market Analyst at FXTM The domino effect of crashing oil prices continued to send commodity currencies lower during trading on Tuesday. One major mover was the USDRUB, with
* UAE keeps up production pressure; FXTM sees crude at $42 Oil dropped below $45 a barrel in New York on Tuesday, dragging commodities to a 12-year low, according to Bloomberg, with
By Jameel Ahmad, Chief Market Analyst at FXTM The major talking point on the currency markets is again centred on the falling oil prices, with both Brent and Crude falling to fresh
