Alan's Forex Blog

Dukascopy Fundamental Analysis
EUR
“Everyone is concerned [about France’s credit rating], not just France. It’s all the euro zone countries”
- Francois Baroin, French Finance Minister
Standards & Poor’s credit rating agency may downgrade France’s top notch triple A rating within next ten days, a French newspaper La Tribune reported on Monday. “It could happen within a week, perh aps [...]

Hello fellow ZuluTraders. I’ve got some important and much welcome news regarding a change in ZuluTrade’s policy.
Signal Providers will not be compensated if a month is negative in pnl.
So from now on, rebates earned during a month with a negative overall Monthly PnL will not be paid out to Signal Providers. To [...]

Dukascopy Fundamental Analysis
EUR
Italy’s cost of borrowing jumped after the country sold 7.5 billion euros of government bonds. Three-year bonds now produce yield of 7.89% as compared with 4.93% yield in October. The 10-year bonds added 24 basis points to 7.31%. Yields continue to rise while prices carry on falling.
USD
US stock futures rose amid hopes for [...]

Dukascopy Fundamental Analysis
EUR
“[Moody’s]  ’positive’ scenario carries very negative rating implications [for EU countries] in the interim period“
- Moody’s Investors Service
Moody’s Investors Service said on Monday that deteriorating debt crisis in the euro zone threatens all European government credit ratings and certain countries may soon lose access to market funding.
USD
“Businesses are very cautious so they’re not hiring [...]

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Dukascopy Fundamental Analysis
EUR
On Monday trade German DAX 30 index advanced rapidly on growing investors’ confidence that German and French politicians have agreed on a new stability treaty to restrain crisis. DAX index surged 3.6% reaching 5,690.93. Major winners in the index were Commerzbank and Deutsche Bank AG, each added about 7%. Auto producers Daimler AG [...]

Dukascopy Fundamental Analysis
EUR
“Today’s financial problems reflect public budget policies of past years”
- Ignazio Visco, Governor at the Bank of Italy
Italian borrowing costs rose to record highs since the creation of the European Monetary Union with investors demanding up to 7.814 per cent for 2-year government bonds during an auction on Friday.
USD
“Businesses are very cautious so [...]

Dukascopy Fundamental Analysis
EUR
The euro fell by 0.4% against US dollar to $1.3267, hitting seven-week low. Investors lose confidence in euro and euro-based assets after no certain solutions to the spreading debt crisis coming from the meeting of the EU leaders. The euro also was down against British pound by 0.07%, currently EUR/GBP is traded at [...]