IMF’s Lagarde: Europe Crisis ‘Escalating’

    The European debt crisis is growing to the point that it won’t be solved by one group of countries, Christine Lagarde, the managing director of the International Monetary Fund said today. Lagarde said that if countries don’t work together, the world will face a situation similar to...

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BofA, Goldman, Barclays Have Fitch Credit Ratings Cut

Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS), Citigroup Inc. (C) and Barclays Plc (BARC) were among lenders who had their issuer default grades cut by Fitch Ratings today. Credit Suisse Group AG (CSGN), Deutsche Bank AG (DBK) and BNP Paribas SA also had issuer-default ratings lowered,...

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Merkel Mired by Woes That May Deter Crisis Effort

Germany’s chancellor Angela Merkel, listens to a call on her mobile phone before the summit of European Leaders at the European Council headquarters in Brussels, Belgium. Photographer: Jock Fistick/Bloomberg German Chancellor Angela Merkel is being buffeted by domestic political turbulence, threatening to distract her efforts to follow through on...

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NFP 2Dec2011

Based on Daily Chart of EURUSD & USDCHF from the Technical Analysis today’s released on NFP may cause overall movement of EURUSD to move down, and USDCHF to move up. It’s purely Technical. Traders that are new to Economical Data Trading are advise to seek professional advise from our...

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