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[Go Credit Repair] The single currency relinquished positive gains after ratings agency Fitch cut the credit ratings of Spain & Italy, the third &

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[Share Trading] Forex Spread Trading: Euro Falls on Italian Credit Rating Downgrade: The proposal put forward was a controlled Greek default allowing them to write off 50% of their government debt and expanding the European Financial Stability Fund to upwards of €2 trillion (from €440 billion).

[Traders Financial Spread Betting Club] Markets Encouraged by Franco ... - The Traders Spread Betting Club: FX traders have taken positively to the Franco-German meeting regarding recapitalising banks and the Greek rescue, and the dollar and yen have taken the brunt of it this morning.  The euro is having a tasty 150 pip rally versus the dollar, and now trading at 1.3538.  Let’s not forget Fitch’s downgrade of Italy and Spain’s credit rating, which is obviously a negative factor to be taken into account.  However, there is finally some indication coming from eurozone leaders and at least short term, the euro will enjoy this bear squeeze.

[JLN FX] JLN FX: October 7, 2011 - Spain, Italy downgrades increase ...: The dollar turned up against the euro on Friday after Fitch Ratings downgraded Italy and Spain, reminding investors of persistent sovereign debt problems and doubts about whether some euro-zone members will be able to meet their budget goals.

[Forex News] European debt crisis spread further clouds the euro/dollar low ...: If two credit downgrades led to a further decline in capacity, the market may worry that if the Greek as many people expected in the coming weeks as default, then the bond market in Italy and Spain will be unable to withstand the impact of Greek default.

[Online Forex Trading Blog] The Euro Too Many Voices ... - Online Forex Trading Home: In 1989, Delors released a plan to launch the European System of Central Banks (ESCB).  This three-step plan was launched in 1990.  The first step was to abolish exchange controls.  This enabled capital to move fluidly through the region.  On February 7, 1992, the Maastricht Treaty was signed and the commitment to a single currency was firmed.  The currency was to be used in 1999.  The UK was excluded by choice from this union and single currency.

[Daniels Trading - All News] Italy, Spain and U.K. banks suffer rating cuts as euro drops | Daniels ...: Tuesday saw gold futures slip in value as the rosie outlook for Germany and France stepping forward to control the debt crisis attacking Europe faded while one of the euro-zone nations could not cast an important vote. Read more

[TRADERBASE Forex Trading] Fitch Cuts Credit Rating For Spain And Italy - forex trading - iFOREX: The Euro erased gains versus the greenback, and weakened against the majority of its peers, following an announcement that Fitch Ratings reduced Italy’s rating from AA- to A+, and Spain’s rating from AA+ to AA-. The agency stated further that it may still decrease Portugal’s rating due to the possibility that the debt crisis may spread.

[Forex News] Downgrade warning or depressed the euro | Forex News: strategist at Brown Brothers Harriman, said Mark McCormick, the ECB announced the stable in the euro zone economy, the new banking and capital injection plan, the euro zone recession and the prospect of more interest rate cuts made clear. He said, “This means that even if there is good news, the euro may not be too much kinetic energy, the euro zone economy is still possible recession, the ECB may cut interest rates in they agree to anything.

[CFDs Blog] CFDs Blog | Online CFDs: EUR/GBP Higher Ahead of UK ...: Spanish and Italian banks are expected to be in the spotlight today after a raft of downgrades from S&P and Fitch respectively. Standard and Poor's cut counterparty ratings on Santander, BBVA and a raft of others as well as cutting Spain GDP forecast for 2012 by 0.5% to 1%.

[ContractCentral® Blog] Spain, Italy, Portugal Debt Ratings Cut ... - ContractCentral® Blog: Fitch cited slow growth and high debt in cutting Spain's sovereign credit rating, while Italy's was cut because of high public debt, low growth and the "politically technical and complex" solution necessary to fix Italy's financial ills and earn back the trust of investors.

[Protesilaos Stavrou on current issues] Protesilaos Stavrou on current issues » Blog Archive » Full analysis ...: A mechanism to deal with asymetric shocks deriving from imbalances in the trade balance between euro member-states. Such a mechanism could either be a genuine fiscal union that would imply the transfer of fiscal powers from the states to the community institutions, or at least a mechanism that would have the capacity to take the accumulated surpluses of some areas and recycle/reinvest them (with profit) in deficit regions, so as to reverse the dynamic of divergence and therefore achieve balanced growth.

[Finance online - Financial Advice|Financial Planning] Downgrade warning or depressed the euro | Finance online ...: Strategist at Brown Brothers Harriman, said Mark McCormick, the ECB announced the stable in the euro zone economy, the new banking and capital injection plan, the economic recession and the euro zone rate cut prospects increasingly clear. He said, “This means that even if there is good news, the euro may not be too much kinetic energy, the euro zone economy is still possible recession, the ECB may cut interest rates in they agree to anything.”

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