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Dec 6, 12 •
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2012-12-05 22:41 GMT S&P downgrades Greece to selective default In an unsurprising headline, reflected by the marginal losses in EUR/USD since the news broke, the rating agency S&P has downgraded Greece’s long-term debt rating to selective...
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Dec 5, 12 •
2817 Views •
Market Analysis •
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2012-12-04 14:08 GMT No breakthrough on banking union due to Franco-German dispute A clash between France and Germany over banking supervision in the Eurozone prevented the Eurogroup from reaching an agreement on the EU banking union on Tuesday. EU finance...
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Dec 4, 12 •
2753 Views •
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2012-12-03 09:47 GMT Spain makes formal request for EU funds to recapitalize ailing banks Spain has formally requested aid for its ailing banking sector on Monday. 36.5 billion euros of bailout funds, including 2.5 billion euros for the “bad bank”,...
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Dec 3, 12 •
2833 Views •
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2012-12-02 23:07 GMT Merkel no longer discards losses on Greek debt Weekend headlines suggest German Chancellor Angela Merkel may be re-thinking its stance over future Greece’s debt haircuts, after she said on Sunday this is an option to consider,...
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Nov 29, 12 •
3609 Views •
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2012-11-28 11:24 GMT EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain’s four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco...
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Sep 27, 12 •
5074 Views •
Market Analysis •
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In an article featured by the Financial Times dated September 26, 2012, writer Alice Ross raised the possibility that the Fed’s new round of quantitative easing dubbed as QE3 may spark a currency war. Other countries, particularly Japan and Brazil have...
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Sep 27, 12 •
3339 Views •
Market Analysis •
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While millions are currently talking about the upcoming Avengers online game, a few prefer to discuss the latest forex news. Simply put, those who make money though the currency market would never waste time playing an MMO. Indeed, every bit of knowledge...
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Sep 27, 12 •
4827 Views •
Market Analysis •
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The US dollar traded lower against most other major currencies following bullish forex news that caused prices to rise to the point where traders began profit taking by selling the greenback, erasing its earlier gains. In September 26 Asian trading, the...
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Sep 27, 12 •
3524 Views •
Market Analysis •
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This week really shows just how volatile the Forex market is. Just a few days back, the United States dollar and Japanese Yen were gaining ground due to the recent setbacks of the Aussie and Euro, especially the Euro. Right now though, the UK pound is the one...
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Sep 27, 12 •
2675 Views •
Market Analysis •
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Without a doubt, while most people are currently remembering Andy Williams’ signature songs, quite a few remain focused on discussing the hottest forex news. Indeed, while the iconic crooner’s death is truly saddening, it would still be necessary to pay...
