Moody’s Downgrades16 Spanish Banks
Last Updated on Friday, 18 May 2012 02:29 Written by FxTT Analysis Department Friday, 18 May 2012 02:29
EUR/USD: Although yesterday’s U.S. data releases were disappointing, the negative headlines from the eurozone continued to dominate the markets. Spanish 10-year yields rose to 6.32%, Fitch Ratings downgraded Greece’s long- term credit rating and Moody’s Investors Service downgraded 16 Spanish banks. Daily chart reflects that fears about Europe are intensifying and making the euro less [...]
MoreEUR/USD Falls on Greek Drama
Last Updated on Thursday, 17 May 2012 02:12 Written by FxTT Analysis Department Thursday, 17 May 2012 02:12
EUR/USD: Concerns about a Greek exit from the euro zone will worsen the debt crisis facing other European nations continued to weigh on the currency market. Also, Greek banks were under the spotlights as reports showed that deposit outflows have accelerated as political parties failed to form a new government. EUR/USD paused its recent slide [...]
MoreEUR/USD Drops On Fear of Contagion
Last Updated on Wednesday, 16 May 2012 02:20 Written by FxTT Analysis Department Wednesday, 16 May 2012 02:20
EUR/USD: The EUR/USD pair dived after Greece failed to form a government and said it would hold new elections. Today Greek leaders will seek agreement on an interim government that will schedule new elections. Greece’s failure spurred speculation it may leave the eurozone. Even though that is manageable, contagion concerns will put huge pressure on [...]
MoreMoody’s Downgrades 26 Italian Banks
Last Updated on Tuesday, 15 May 2012 01:49 Written by FxTT Analysis Department Tuesday, 15 May 2012 01:49
EUR/USD: EUR/USD closed the day at 1.2823 as Greece’s political impasse has raised the possibility another vote will have to be held as early as next month. In addition, worries about Spanish banks and disappointing Eurozone industrial production data boosted the bearish sentiment. Meanwhile, the tone being heard from some key EU officials on Greece has [...]
MoreEUR/USD Falls as Europe Concerns Mount
Last Updated on Sunday, 13 May 2012 07:05 Written by FxTT Analysis Department Sunday, 13 May 2012 07:05
EUR/USD: EUR/USD closed the week at 1.2922 as Greek politicians struggled to form a government following an inconclusive election on May 6 that saw a surge in support for anti-austerity parties. Central bankers across Europe have started discussing the possibility of a Greek exit from the eurozone and how to handle the fallout. Mounting concerns [...]
More