After downgrading nine European nations including France on January 13, Standard and Poor’s announced that it will also cut the rating of the European Financial Stability Facility from AAA to AA+. The news offset a relatively successful French bond auction which saw yields fall on one year notes fall from 0.454% at a January 9 auction to 0.406%. It appears that most investors had already priced in a cut in ratings for France and the reaction of investors in the first trading session after the release of the mass downgrades was rather muted. Germany is now the only eurozone state with a stable AAA rating. The EUR has failed to went much from 18 month lows and opens the Asia morning trading at 1.2660. Click here to read more.. »

Online Trading Academy’s Ron De Appolonia to Host an “Understanding the Markets” Workshop in Calgary, Canada
General Manager of Online Trading Canada Academy will be hosting a workshop in Calgary, Canadaon January 17, 2012 and January 18, 2012
Calgary, Canada (PRWEB) January 09, 2012
Online Training Academy Canada, will host a live event to teach Canadians how to know the financial markets. Ron De Appolonia will be providing two days of free professional trading education on Tuesday, January 17, 2012 and Wednesday, January 18, 2012 from 8:30 am to 4:30 pm. These workshops will take place at the Calgary Telus Convention Centre convention hall at 120Ninth Avenue SE, Calgary, Alberta, Canada T2G 0P3. Click here to read more.. »
FOREX-Euro rebounds from 16-mo low, but gains could fade
NEW YORK (Frankfurt: A0DKRK - news) , Jan 9 (Reuters) – The euro rallied from a 16-month low against the dollar on Monday as participants pared bearish bets on the single currency ahead of key European events this week, although investors remained overwhelmingly negative due to independent debt concerns.
With euro net small positions at a record according to contemporary data from the Commodity Futures Trading Commission, the currency was susceptible to small-covering.. But gains were contained as German Chancellor Angela Merkel reignited fears of a Greek default. Click here to read more.. »