Credit Downgrade for Ireland

S&P downgraded Ireland’s credit to A, following the crisis. As the state takes over the banks’ problems, it’s in higher risk. This was widely expected. Any credit downgrades for Spain or Portugal by any of the the agencies: Fitch, Moody’s or S&P will inflict more damage on the struggling Euro.

See more in Alphaville.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

View all posts by Yohay Elam