Alan's Forex Blog

Dukascopy Fundamental Analysis
EUR
“I expect further cheapening of [Italian] bonds”
- Alessandro Giansanti, rate strategist at ING
Italian government bonds fell on Tuesday, pushing three-year and ten-year yields higher before an auction on Thursday, where Rome plans to sell 8.5 billion of debt, as investors are worried the euro zone’s third-largest economy may lose access to financial markets.
[...]

Dukascopy Fundamental Analysis

EUR
European shares opened higher after Christmas holidays, though trading volumes are predicted to be relatively low. Stoxx 600 gained 0.2% at 242.41, whereas France’s CAC 40 added 0.5% to 3,116.11. German benchmark DAX index surged 0.4% attaining 5,902.32. London markets stayed closed in prolonged holiday break.

USD
The prices of real estate decreased more [...]

Dukascopy Fundamental Analysis
EUR
“We have got an informal signal from Standard & Poor’s that they [European ratings] will come only in January”
- Anonymous government source
Standard & Poor’s is expected to release its verdict on credit ratings for 15 euro zone countries in January, after putting them on credit watch December 6 for a possible cut in the [...]

Dukascopy Fundamental Analysis
EUR
“The move [by the ECB] in itself will not lead to any improvement in [banks'] credit ratings”
- Scott Bugie, S&P’s Managing Director
S&P top official warned Friday that record 489 billion euros allotted between 523 European banks by the ECB will not protect them from threatened rating downgrades.

USD
“All of the housing numbers have looked [...]

Hello my dear readers and visitors.  I’d like to take a moment to wish you all a:
Merry Christmas!!!
..and also if the world does not end in 2012 (lol I’m sure it won’t!) a happy and prosperous new year!

Cheers,
Alan

Often, basics is all you need to know.

By Elliott Wave International
Understand the basics of the subject matter, break it down to its smallest parts — and you’ve laid a good foundation for proper application of… well, anything, really. That’s what we had in mind when we put together our free [...]

Dukascopy Fundamental Analysis

EUR
France’s economy expanded by 0.3% in Q3 as compared to 0.4% previously estimated. The disposable income also decelerated, reported France’s Insee statistics. Moreover, the country’s credit rating was placed on a pessimistic outlook by Fitch agency signaling probable downgrade in the next 12-18 months.

USD
After struggling for several months Congress is ready to [...]

Dukascopy Fundamental Analysis
EUR
“The austerity package will be sufficient to bring [Italy’s] deficit-to-GDP ratio down to zero”
- Chiara Corsa and Loredana Federico, economists at UniCredit SpA
Italy’s senate passed a vote of confidence 257 to 41 on Prime Minister Mario Monti’s emergency budget plan on Thursday as the government struggles to restore investor confidence in the euro zone’s [...]