Dukascopy Fundamental Analysis EUR Moody’s has downgraded Greek credit rating again from “Ca” to the lowest level of “C”. The rating agency cited high risk of country’s default even despite deal with…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “It [signed fiscal compact] helps prevent a repetition of the sovereign debt crisis” – Herman Van Rompuy, President of the European Council All but two of the European Union…
Forex Market Insight: EUR/USD Rallies…Why?
Elliott wave patterns suggested a bullish reversal a day before the rally February 23, 2012 By Elliott Wave International On February 16, EUR/USD, the euro-dollar exchange rate and the most actively traded…
Dukascopy Afternoon Forex Overview
Dukascopy Fundamental Analysis EUR German business confidence improved more than predicted in February on EU leader progress in tackling debt turmoil. According to Ifo institute the business climate index rose from 108.3…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “The euro zone is far from out of the economic woods and faces a hard slog to get back to sustained growth” – Howard Archer, economist at IHS…
Dukascopy Afternoon Forex Overview
Dukascopy Fundamental Analysis EUR The approval of Greece’s rescue package has provided European officials with time to persuade investors they are able to implement both fiscal discipline and growth. Italian and Spain…
Dukascopy Morning Forex Overview
Dukascopy Fundamental Analysis EUR “[An agreement] is an important result that removes immediate risks of contagion” – Mario Monti, Italian Prime Minister European leaders agreed on a 130 billion euro bailout package…
Dukascopy Afternoon Forex Overview
Dukascopy Fundamental Analysis EUR 17-nation currency appreciated against the Greenback and the Japanese Yen after European Finance Ministers approved the second rescue package for indebted Greece. Euro added 0.1% against its US…