Featured \Nick Nasad \ 11:46 AM EST \ March 9th, 2010
The Pound slid overnight as Moody’s said UK banks could suffer further write downs and Fitch warned that the UK sovereign credit profile deteriorated. The Euro was pressured by Fitch’s warnings on Portugal and Greece, and with commodities and equities down the greenback and Yen strengthened. Commodity currencies did however get a bounce in the NY morning session.
alaidi: Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex 5 hours ago from TweetDeck
kathylienfx: Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed 18 hours ago from web
JohnKicklighter: ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” 18 hours ago from TweetDeck
JohnKicklighter: According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break 18 hours ago from TweetDeck
JohnKicklighter: That's a hearty drop in net dollar long interest from the COT figures. Good indicator for establishing a time frame for dollar's tumble. 19 hours ago from TweetDeck
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Daily Video Recap: Moody’s and Fitch Issue Warnings on UK and Europe Increasing Risk Aversion
Featured \ Nick Nasad \ 11:46 AM EST \ March 9th, 2010The Pound slid overnight as Moody’s said UK banks could suffer further write downs and Fitch warned that the UK sovereign credit profile deteriorated. The Euro was pressured by Fitch’s warnings on Portugal and Greece, and with commodities and equities down the greenback and Yen strengthened. Commodity currencies did however get a bounce in the NY morning session.
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