After Italy got a credit rating warning very late on Friday, another core country was warned today: Belgium. The country that has many of the European institutions saw its current rating affirmed at AA+, but got a warning that the rating is likely to drop. See more details here. Here is the EU blaming governments … “Now Belgium Gets Credit Warning”
Month: May 2011
AnyOption Stops Offering Forex and Commodity Binary Options in
Binary options provider AnyOption, which operates in the United States, will stop offering binary options trading on currencies and commodities for US customers. This move is done in order to comply with regulations. Platforms of binary options aren’t common in the US. AnyOption is perhaps the only provider working stateside. They still operate there, offering … “AnyOption Stops Offering Forex and Commodity Binary Options in”
Olli Rehn Mulls Greece Rescheduling Options
The EU Economic and Monetary Affairs Commissioner Olli Rehn, disussed an option for some rescheduling of Greek debt according to the Vienna initiative and put one limit: Maturities on Greek debt could be extended on a voluntary basis as long as this does not create a credit event, the EU’s top economic official said on Monday, … “Olli Rehn Mulls Greece Rescheduling Options”
AUD/USD and USD/CHF Technical Analysis
AUDUSD: Bear Pressure Targets Further Lower Prices AUDUSD: As highlighted in our weekly analysis of the possibility of a return below the 1.0502 level, its May 17’2011 low as long as AUDUSD trades and holds below the 1.0888 level, its May 2011 high, well that is currently underway. An eventual violation of the 1, 0502 … “AUD/USD and USD/CHF Technical Analysis”
Granada Protests Could Turn Violent
In the past few days, huge protests are seen in cities all over Spain. The protests are peaceful, and the organizers call for a peaceful resistance. But there are rumors that a group of protesters in Granada, in the southern Spanish region of Andalucia, will confront the police and mount an attack on the town … “Granada Protests Could Turn Violent”
Australia’s Dollar Weakens with Stocks on European Crisis
The Australian dollar sank against other major currencies today as stocks dropped on growing concerns about the European debt crisis. Standard and Poor’s downgraded outlook for Italy’s debt rating to negative from stable. The MSCI Asia Pacific Index of shares fell as much as 2 percent, heading for the biggest drop since March 15, while the Nikkei 225 Stock Average tumbled 1.5 percent. The Aussie slipped also as the data showed that … “Australia’s Dollar Weakens with Stocks on European Crisis”
Pound Gains vs. Euro as Dale Talks About Higher Rates
The Great Britain pound gained today versus the euro as Executive Director and Chief Economist of the Bank of England Spencer Dale spoke about necessity to increase the lending rates, despite the problems of the UK economy. The currency slipped against the US dollar. Dale said in an interview with the Financial Times: Iâm not at all confident that the recovery has taken hold and will definitely power away. However, Iâm even more worried about … “Pound Gains vs. Euro as Dale Talks About Higher Rates”
EUR/USD Under 1.40 – 5 Reasons
After breaking below the 1.4030 support line, Euro/Dollar continues lower and has just pierced through the round number of 1.40, eyed by many. It is quickly approaching the next support line. There are multiple reasons: Weak German PMI: The initial numbers for Europe’s powerhouse were significantly weaker than expected. Spain’s political mess: the ruling party … “EUR/USD Under 1.40 – 5 Reasons”
EURUSD: Struggles To Initiate A Recovery
EURUSD: While the euro may have halted its corrective weakness and closed marginally higher the past week, it remains vulnerable to the downside nearer term. Its Friday sell off reversing most of the weekly gains is suggestive of a return below the 1.4046 level, its May 16’2011 low with a break of that level calling … “EURUSD: Struggles To Initiate A Recovery”
US Dollar Posts Weekly Losses as Economy Looks Bad
The US dollar ended week lower against most major currencies as the US economic data was negative for the whole week. The minutes of the Federal Open Market Committee monetary meeting further weakened the dollar as they showed that the Federal Reserve isn’t planning to increase the interest rates. The US house market was showing signs of weakness for sometime, but the bad reports about housing starts and building permits, as well as the data about … “US Dollar Posts Weekly Losses as Economy Looks Bad”