DailyMarkets.com - Forex Trading: Spanish Credit Downgrade Leads To EUR Losses

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Forex Trading: Spanish Credit Downgrade Leads To EUR Losses Posted: 24 Oct 2012 01:13 AM PDT Spanish Credit Downgrade Leads to EUR Losses The euro took losses against its main currency rivals throughout yesterday’s trading session, as concerns regarding the current state the EU economic recovery persisted following a Spanish credit rating downgrade earlier in the week. Today, traders will want to note a batch of economic news out of both the euro-zone and US. Both the German Ifo Business Climate and a speech from ECB President Draghi, scheduled for 8:00 and 14:00 GMT respectively, … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Market Is Short-term Bullish, Long Term Cautious Posted: 23 Oct 2012 12:11 AM PDT Over at VIX and More, there is an excellent discussion of the contango observed in VIX futures, i.e. upward sloping implied volatility curve as time extends. MarketSci also followed up with a terrific animation of how the VIX contango has developed over time. Here is the key takeaway: The important takeaway is not necessarily how strong contango is today, but how consistently strong contango has been this year (which is why 2012 shows as such an outlier in V and M's chart). One conclusion to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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