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ECB’s Visco warns of deflation risk…

  Good Morning,   – The dollar extended declines on Monday, while Asian index futures signaled losses after an unexpected drop in American wages fueled a retreat in U.S. stocks. The dollar index eased to 91.838, off a nine-year peak of 92.528 scaled last week. -Wages fell by the most since the series began in […]

Moody’s downgraded Italy by two notches to Baa2

Good Morning ,   -Yesterday, the euro stayed under (moderate)pressure as sentiment on risk remained fragile.  EUR/USD reached a new  low, but EUR/GBP avoided to do so .The trend in most key euro cross rates is still down,but the pace of the decline is slowing. Some consolidation after the recent steep losses might be on […]

…all eyes now on West and Russia next steps…

  Good Morning,   – Euro under pressure, with all eyes now on West and Russia next steps after a huge 93 to 96 percent majority vote in Crimea to quit Ukraine for Russia… – Asian shares trade around one-month lows on Monday as US and Europe issued fresh warnings of more sanctions on Moscow […]