(The comments echo those Moody's made April 29, when it said that "a multi-notch downgrade is likely" and should be based on "the country's medium-term credit fundamentals" because liquidity and debt restructuring risks were "negligible." )
If the medium term means 1 year 2 year then why should they be concerned when there's funding available for the next three years to Greece.
Moody's Investors Service Inc. expects to conclude its review of Greece's A3 rating in the coming four weeks and the ratings change "will most likely be substantial" and could even see Greece downgraded to below investment grade, the rating agency said Monday.
A downgrade "will most likely be within the Baa range," Moody's said, in a special comment outlining its sovereign rating approach in the financial crisis.
The comments echo those Moody's made April 29, when it said that "a multi-notch downgrade is likely" and should be based on "the country's medium-term credit fundamentals" because liquidity and debt restructuring risks were "negligible."
Moody's downgraded Greece to A3 from A2 April 22, and placed the rating on review for possible downgrade.
-by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485;
Im confuse right now im hedged sold from 13411, 13389 and 13230 in Euro sep future contract and long right now from 12535 12680 12727 in may contract my Long EM0 contract expires 11th june what should i hold and what should i liquidated here. this totally eludes me right now seeing euro hold below 12865 cuz for me thats signal for further downside
catnip so you do agree its a euro deflation process going on right from what we see? If so, other than euro what signals it. If production which is growing at the moment and interest rate staying static then why raise deflation measure, cuz the risk can come if jobs start decreasing and if that happens what you will see coming straight out of ECB's bag is going to be a rate hike that might continue. Please express further how you see and Ashraf at this moment what do you think ECB would be looking at for further growth measure and avoiding deflation.
Ashraf is this some kind of devaluation strategy by the EMU and central banks? Cuz if it is i hope they have some back up plan cuz traders will mercilessly try to destroy the euro way below 120 if this continues and if that's the case it seems very drastic and desperate
The emergency loan package crafted over the weekend has the potential to calm down the market but should not be viewed as a long-term solution, head of the IMFs European section Belka says. Comforting. EUR/USD trades down at 1.2890 watch for 12865 down side risk.
If indeed counterparty becomes a dirty word, and people won't trust gold ETFs/GoldMoney/Perth Mint Depository or any other custodial facility, the problem is that the minting and refining industry as a whole does not have the production capacity to meet retail/mass market demand for coins and bars in my view. Look forward to high premiums and/or rationing of production.
Fiat money has no intrinsic value (unless it is a gold receipt)
The state can fix the 'value' of the currency, but this leads to big big big problems, remember the fixed European Exchange Rate Mechanism?
Without this I believe that the rough value of fiat currency is the physical wealth of a nation (however you measure that, also remembering that the STV theory means the value is different to everyone) divided by the amount of fiat in circulation.
A REALLY simple if a nations wealth amounts to '1000 oranges' and the total amount of money in circulation is $10000, then $10 could be said to be worth 1 orange, though if the amount of money in circulation is increased, the value decreases obviously.
The June Dollar closed lower due to profit taking on Friday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this month's rally, weekly resistance crossing at 85.85 is the next upside target. Closes below the 20-day moving average crossing at 82.01 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 85.46. Second resistance is weekly resistance crossing at 85.85. First support is the 10-day moving average crossing at 83.04. Second support is the 20-day moving average crossing at 82.01.
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موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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If the medium term means 1 year 2 year then why should they be concerned when there's funding available for the next three years to Greece.
A downgrade "will most likely be within the Baa range," Moody's said, in a special comment outlining its sovereign rating approach in the financial crisis.
The comments echo those Moody's made April 29, when it said that "a multi-notch downgrade is likely" and should be based on "the country's medium-term credit fundamentals" because liquidity and debt restructuring risks were "negligible."
Moody's downgraded Greece to A3 from A2 April 22, and placed the rating on review for possible downgrade.
-by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485;
sold from 13411, 13389 and 13230 in Euro sep future contract
and long right now from 12535 12680 12727 in may contract
my Long EM0 contract expires 11th june
what should i hold and what should i liquidated here.
this totally eludes me right now seeing euro hold below 12865 cuz for me thats signal for further downside
Comforting. EUR/USD trades down at 1.2890 watch for 12865 down side risk.
If indeed counterparty becomes a dirty word, and people won't trust gold ETFs/GoldMoney/Perth Mint Depository or any other custodial facility, the problem is that the minting and refining industry as a whole does not have the production capacity to meet retail/mass market demand for coins and bars in my view. Look forward to high premiums and/or rationing of production.
Fiat money has no intrinsic value (unless it is a gold receipt)
The state can fix the 'value' of the currency, but this leads to big big big problems, remember the fixed European Exchange Rate Mechanism?
Without this I believe that the rough value of fiat currency is the physical wealth of a nation (however you measure that, also remembering that the STV theory means the value is different to everyone) divided by the amount of fiat in circulation.
A REALLY simple if a nations wealth amounts to '1000 oranges' and the total amount of money in circulation is $10000, then $10 could be said to be worth 1 orange, though if the amount of money in circulation is increased, the value decreases obviously.
Not very scientific but there you go.