Bloomberg is reporting that a document obtained from the Committee of European Banking Supervisors says European regulators plan to detail three scenarios in Friday’s stress test results. One of the tests will include a "sovereign shock," presumably a swift drop in the value of a euro-nation's bonds or a default.
1. EUR/USD tanks near critical-critical (!!!) January low of 1.2623. Will it hold?2. Moody's downgraded 16 Spanish banks, shifting the focus to Spain and its banking sector.3. The yen was the main ben...
1. USD rally stalls as Fed shows readiness to help the economy if it is needed. 2. The ECB announced they were no longer ready to lend funds to some of the Greek banks. The default of Greece is nearin...
1. Gold broke through its support line. Last time it hit current levels, it only stopped at $1522.2. Better than expected German GDP helped EUR/USD up today. 3. AUD/USD returned to parity, but this ti...
1. EUR/USD opened with a gap down again. Now trading at 4 months low and below 1.29. 2. Possible reasons for EUR/USD fall: Greece was unable to form a government over the weekend and Merkel's party su...
Add a comment