Post Tagged with: "fitch"
EUR/USD Jan. 12 – All Eyes on Draghi
Euro dollar is awaiting the European Central Bank at low range, after the warning from Fitch sent it down, but not below critical support. Spanish and Italian bond auctions precede Draghi’s decision and will show if ECB QE is necessary. In addition, the US calender is very busy today. Will Draghi open the road for another
EUR/USD Breaks Down to 2 Month Low – 7 Reasons
Euro/dollar finally made a move – the pair took a dive through support at 1.3380 and then through a second support line at 1.3212 and is now at a two month low. The hangover from the EU Summit is only one reason in a series that took the pair down. Here is a quick update
EUR/USD Nov. 23 – Falling to Lower Range on Higher Yields, Dexia and China
Euro dollar fell to the lower end of the range after worries about global growth came from China: manufacturing returned to contraction zone. In addition, there are complications in the breakup of Dexia – the first European bank to fall due to the debt crisis. European bond yields remain at scary levels. A very busy day
EUR/USD Nov. 22 – In Higher End of Range as US Supercommittee Fails
Euro dollar is now trading in the higher end of the range. The US “Supercommittee” failed to reach a deal on a long term deficit reduction plan. While S&P and Moody’s have indicated that this wouldn’t change the rating, Fitch might still downgrade the US. The focus will likely return quickly to Europe, where bond yields
EUR/USD Oct. 10 – Riding on Bank Promises, Greek Hopes
Euro dollar starts the week on a high note, enjoying hopes that Greece will receive aid and that Merkel and Sarkozy are finally tackling the crisis seriously. In addition, economic indicators from Europe all exceeded expectations for a change. The action is expected to calm down later on, as North American markets are closed today. Here’s
NZD/USD at 6 Month Low On Double Downgrade
NZD/USD is now trading at the lowest level since the beginning of April, extending its falls after two rating agencies downgraded its credit rating in a time span of a few hours. While the moves are relatively slow, the pair also lost important support and is now vulnerable to more losses. Update. Both S&P, which
Do we listen to the ratings agencies?
Moody’s and Fitch are the latest to throw in their views of the US debt situation, and were the first to come out after the deal has been announced. Moody’s downgraded the outlook to negative, but not as negative as S&P were whilst the debt situation was still to be resolved. Moody’s state that a
Moody’s in the Mood for Overcompensation
Employees at Moody’s are working overtime in release credit rating warnings and downgrades. After setting Europe aflame, they moved to the US. They might return to downgrade Spain and Italy. Soon. Isn’t it time for a summer vacation? They had long summer vacation in 2008. Some of the countries that are hurt are attacking the
EUR/USD Dipping Under Support
It took a long day of choppy trading, but the Euro finally bowed and dropped below the 1.32 line, and the lowest level since Trichet surprised the markets with some sneaky bond buying. It took a big amount of not-so-good news to bring the pair down. Will this break be confirmed? Here are the main
Irish Sovereign Downgraded by Fitch
Credit rating agency Fitch downgraded Ireland’s score to BBB+. Needless to say, this came as no surprise. Credit rating agencies such as S&P, Moody’s and Fitch are always late. The real credit rating is better reflected in CDS – Credit Default Swaps. It’s no news that the Irish sovereign is having trouble, due to its