The euro blew through its prior support level of 1.2960 easily as contagion fears grow. Bailouts don’t prevent contagions and that is what investors are deeply afraid of.
Moody’s has put Portugal on review for downgrade sparking fears that there will now be TWO countries poised for same downward spiral as Greece. [...]

Posted in 2009 eurusd forecasts, euro, forex blog, greece bailout contagion, greece credit default swaps 4 Comments »

If you have watched the interviews that I recently posted, you will know I have been bearish euros for sometime. However now that the single currency has hit a 1 year low and is closing in on the psychologically important 1.30 level, you may be wondering how much further can it fall. [...]

Posted in 2009 eurusd forecasts, eur/gbp, eur/usd, forex blog, greece credit default swaps No Comments »

Since I am stuck in a snow storm in Michigan, I want to take this opportunity to republish an article that I posted on FX360.com earlier this week to explain Credit Default Swap Spreads – a term that is used often in the financial media these days:
What are Credit Default Swaps ?
A credit swap is [...]

Posted in greece credit default swaps 2 Comments »