Dukascopy Fundamental Analysis EUR “Over the next two years, the recession makes the [Portuguese] government’s deficit reduction plan much more challenging” – Fitch ratings agency Fitch ratings agency cut Portugal’s credit rating…
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Dukascopy Afternoon Forex Overview
Dukascopy Fundamental Analysis EUR On Thursday German DAX 30 index managed to interrupt 8-day losses and edged up 1.5% to 5,543.91 as Ifo reported higher-than-expected business confidence index. German financial institutions recovered…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “This [bond] auction is nothing short of a disaster for Germany” – Mark Grant, a managing director at Southwest Securities Inc. A German sale of the 10 year…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “[Spanish] borrowing costs are at eye-popping levels” – Jo Tomkins, a strategist at 4Cast consultancy Yields on Spanish government bonds rose to record highs on Monday as election victory…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “The deterioration in debt metrics … are exerting pressure on France’s creditworthiness” – Alexander Kockerbeck, Moody’s Senior Credit Officer Moody’s Investor Service said on Monday that France’s top notch…
Dukascopy Afternoon Forex Overview
Dukascopy Fundamental Analysis EUR The incapability of European officials to stop debt crisis has reintroduced Franco-German clash over the role of European Central Bank as well as increased investor doubt over policy…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “The ECB’s role is to ensure the stability of the euro”” – Valerie Pecresse, French government spokeswoman Germany and France, two key economies of the European Union, clashed…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR Spanish cost of borrowing hit 6.974% in November as compared to 5.433% in October. High unemployment and low growth rate undermined investors’ confidence in country’s ability to repay…