Forex news, Euro rate. It is high time to create independent European rating agencies in order to ease the tense market situation – supposes the head of German diplomatic activity Guido Westerwelle, who started his visit to Greece on Sunday.
"The time has come for Europe to prove that it can resist credit rating agencies" is a statement made by Westerwelle to the press during a break in negotiations with his Greek colleague Stavros Dimas. “Markets hardly have time to rest, as rating agencies take their decisions and put even more pressure on the former,” he added.
“I would like to say that this is an English manner, and it is of major importance for us to give a real chance to agreements and treaties. This is the only way to restore market price,” said Westerwelle.
Analytics of the Department of Derivatives Trading within Masterforex-V Academy explain the current situation at forex market in the following way: Friday falling impulse will cause downtrend that will follow current correction. Ideally, one should wait for the last correctional leap at the market and start selling from that point:
