Anxiety for ECB

Last Updated on Friday, 15 April 2011 01:33 Written by Elena Rajkovic Friday, 15 April 2011 01:24

European Central Bank’s vice-president, Constancio, dicussed matters this morning on worldwide news; mentioning that inflation remained a worry. The most recent inflatio data points that the HICP rose more tha expected to a high of 2.7%.

Portugal under pressure with bailout plan

Last Updated on Friday, 15 April 2011 01:01 Written by Elena Rajkovic Friday, 15 April 2011 01:01

Parliamentary elections are being looked forward to on Sunday. Parties opposing a Portuguese bailout and increase in the size of EFSF are acquiring huge support. The Finns are particularly the only ones in Europe that their parliament approves the EFSF loan, and not the government. With 20% of the command, the Social Democrat Party is asserting that Portugal should be restructing its debt..

Asian stock markets fall

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 11:24

Asian stock markets fell after China reported inflation climbed again, raising fears among investors that the government will have to take further measures to cool the country’s ongoing economic growth.

Ireland’s soverign rating has been dropped

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 11:12

Ireland’s soverign rating has been dropped from to BAA3 from BAA1, pushing the euro lower and adding to renewed pressure on Euroland’s weaker countries.

Two notch downgrade for Ireland

Last Updated on Friday, 15 April 2011 10:53 Written by Elena Rajkovic Friday, 15 April 2011 10:53

Ireland was downgraded by Moody’s Investor Services by two notches to Baa3 Baa1, possibly causing EUR/USD to dip down by 17 pips from 1.4468 to 1.4450 in the space of less than 5 minutes. EUR/USD is currently trading at 1.4492, gaining strength from its opening level.

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