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- Written by TradersCom
- Category: Forex
Standard and Poors rating agency affirmed that the US sovereign ratings remain 'AA+/A-1+' and the outlook remains stable. The US is thundering to increasingly massive debt levels since the global pandemic. The S&P says sovereign stability is based on strong American institutions, a diversified and resilient economy, extensive monetary policy flexibility
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- Written by ClemSnide
- Category: Forex
JPMorgan on Tuesday filed a note with the SEC launching a structured investment product linked to the performance of its “Cryptocurrency Exposure Basket” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The aim is enable exposure to crypto for it's clients.
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- Written by Helmholtz Watson
- Category: Forex
Mexican business confidence improved to it's best level in seven months in October. Confidence grew as the peso improved, easing of coronavirus lockdown restrictions and ahead of the US Presential elections, Mexico's largest trading partner.
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- Written by Helmholtz Watson
- Category: Forex
Fitch Ratings on Monday in a note on the forthcoming U.S. election looked at the implications for policy. Two of the potential outcomes are most relevant for credit, a "status quo" result or Biden becoming President and Democrats winning Senate and Congress.
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- Category: Forex
The Moscow Exchange will begin trading 20 stocks from the S&P 500 Index on 24 August, 2020. Foreign stocks will be traded and settled in RUB within MOEX’s infrastructure.Top names include Apple, Boeing, Amazon NVidia, Microsoft and McDonalds.
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- Written by Helmholtz Watson
- Category: Forex
Rating agency Fitch reaffimed the United States of America at 'AAA' BUT with Outlook Negative Friday. This comes after in March it warned of high fiscal deficits and debt which were already rising even before coronavirus are starting to erode these credit strengths.
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- Written by Helmholtz Watson
- Category: Forex
Fitch on Friday downgrades Italy's 'BBB-' rating from 'BBB'and outlook stable. Reflects impact of global COVID-19 pandemic on Italy's economy and on sovereign's fiscal position
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- Written by Helmholtz Watson
- Category: Forex
Fitch Ratings has downgraded Canada's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA' and with a Rating Outlook as Stable. Moody's and S&P have AAA ratings for Canada.
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Fitch believes Australia’s agriculture, tourism and education sectors are among those most exposed to a potential escalation in bilateral trade tensions between Australia and China. China imposed tariffs on imports of Australian barley and suspended some Australian beef imports.
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- Written by ThePitBoss
- Category: Forex
Currencies reacted much like futures and commodities in the first qurter of 2020. The black swan Covid -19 event saw the biggest gainers the safehaven currencies led by the Japanese Yen, Swiss Franc and US dollar.
