Moody’s says credit implications for Italy from political turmoil are limited

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  • Bulk of Monti’s reform agenda already passed in Italy parliament
  • Expects next Italy government to adhere to most elements of Monti’s budget law
  • Expects a centre-left Italian government would maintain reform-orientated agenda

EUR/USD seeing some slippage back down at 1.3060, earlier mentioned sell orders at 1.3100 proving barrier to the topside.  Seems decent Swiss interest to sell up there.

Earlier reports had buy orders clustered down at 1.3040/50.

Personally I think this 1.3100 selling is yet another bloody Swiss conspiracy to stop me getting a poll right


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Gerry Davies


  1. I though FXLIVE had a VERY strong influence on market movement!!!!! ;)

  2. We are sinking towards 1.2950. Oh my… Can Dinesh always be right about EUR?
    To tell the truth EURJPY looks deeply overbought though… Let’s hope this thingy will hit 1.31 today again…

  3. Maybe they’ll send you a bar of Toblerone as a consolation? :)

  4. Gerry you can always outsmart the conspiracy by choosing the other poll choice… :-D

  5. Do not worry Gerry. 1.305 is just another dip to buy


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