BUSTABANK LATEST FOREX NEWS

Updated: 03/13/2014 13:40
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bustabank latest forex news
The admin of BustaBank , the HYIP listed at HYIPNews for 10 days only has already managed to issue some newsletters since the very launch of the...
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The admin of BustaBank , the HYIP listed at HYIPNews for 10 days only has already managed to issue some newsletters since the very launch of the...

The admin of BustaBank, the HYIP listed at HYIPNews for 10 days only has already managed to issue some newsletters since the very launch of the project. The latest newsletter talked about the Euro strength on the market after the comments from the ECB executive board member Benoit Coeure, who said the following: "We don't see deflation in the euro zone. We see it as a possible risk, and we have to be ready to act against the risk if it materializes,".

The entire newsletter was devoted to the situation in the market, explaining the situation on most popular currency pairs: EUR/USD which was up 0.33% at 1.3913, USD/JPY, which is still in decline, as the JPY strengthened. The Crude Oil dropped under 98$ on supply jump and Gold reached 1370$ following the developments in the G7 meetings on Wednesday and the possibility of the Ukraine-Russia tensions escalating.

Another aspect, touched upon in the latest newsletter from BustaBank is the situation around Australian dollar. After the decline last Friday, it managed to grow a bit against the USD. Still the Australian economy is obviously in decline, for the biggest export partner China is showing signs of weakness as copper prices are falling. The AUD/USD is very vulnerable to slowdown in Australian exports.



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