Blog entries by alayoua

Forex Technical & Market Analysis FXCC Mar 28 2013 Capital controls in Cyprus to affect international transactions he Cypriot government has revealed the details of the capital controls it intends to impose on transfers before banks reopen on Thursday. The restrictions are aimed at preventing...

Forex Technical & Market Analysis FXCC Mar 27 2013 European Parliament considers bailing-in large depositors The euro dropped in the European afternoon on information from Reuters that the European Parliament would be inclined to bail-in big savers, who hold deposits of over 100,000 euros at...

Forex Technical & Market Analysis FXCC Mar 26 2013 Cypriot central bank to meet tonight on capital controls In an effort to avoid the money's outflow, the Cypriot central bank will meet tonight in an extraordinary session to introduce capital restrictions according to the Cyprus' president...

Forex Technical & Market Analysis FXCC Mar 25 2013 Eurogroup reaches agreement with Cypriot authorities Already finished Eurogroup and FMI press conference, attending IMF chief Christine Lagarde, Eurogroup Chairman Jeroen Dijsselbloem, EU's commissioner for economic affairs Olli Rehn, European...

Forex Technical & Market Analysis FXCC Mar 22 2013 Dimitriadis presents a resolution process to the Cypriot Parliament The Cypriot Central Bank governor Panics Dimitriadis has announced a bank restructuring plan that will allow banks to reopen on Tuesday. Dimitriadis said on Thursday that the...

Forex Technical & Market Analysis FXCC Mar 21 2013 Fitch downgrades Italy to BBB+, outlook negative Fitch Ratings decided to downgrade Italy's rating to 'BBB+' from 'A-', citing the inconclusive results of the Italian parliamentary elections and deeper recession as the main reasons. Fitch also...