Saturday, December 15, 2012

Forex daily review: France says au revoir AAA rating

The EU crisis is France-AAA rating to Aa1 as the Agency, held by a negative Outlook downgraded not past, but as credit agency Moody. The European equities and indexes sink as a result of this downgrade on Europe's second-largest economy.
This unexpected downgrade means that more downgrades some more countries in the future are subject to. This is another indication, the current global rescission is not over yet and the global economic state is not positive and will not soon be resolved.
EU Finance Ministers meet in Brussels this week on Thursday to discuss Greek bailout aid amounting to $56 billion, due to the differences between delay has the International Monetary Fund and the European Union.
We expect a negative momentum in the European markets and in the EUR/USD in particular within the next few days until the meetings in Brussels at the end and decisions be made.

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