MORNING BRIEFING: The United States could lose their sovereign rating "Triple A" in 3-4 years.

[RTFX-Trading]

MORNING BRIEFING: The United States could lose their sovereign rating "Triple A" in 3-4 years.

What’s new:
France: consumer spending rebounded in September.
United States: salaries reduced; seven groups bailed out by the state.
Moody's: U.S. may lose their "Triple A" status in 3-4 years.
IEA: rising oil prices could complicate the recovery.
Euro area: 2008 budget deficit revised up, debt unchanged.
United States: higher than expected weekly jobless claims.
England: no rebound in retail sales in September.
Sweden: status quo in interest rates, no increase for one year.
ECB: Weber considers a return in to recession unlikely.

Today:


Rates in Asia and Indices:
EURUSD: 1.5060 - 1.4991.
USDCHF: 1.0079 - 1.0034.
EURUSD: 1.6678 - 1.6609.
EURJPY: 137.86 - 137.17.
USDJPY: 91.89 - 91.28.
Dow Jones: 10'081 +1.33%.
NASDAQ: 2'165 +0.68%.
S & P 500: 1'092 +1.06%.
Nikkei: 10'322 +0.54%.
Shanghai: 3'115 .
Gold: $1'061.75.
Crude oil: $81.64.
 
Comments:
The Dollar regained some ground against its main rivals, rising versus the Yen to 91.85, stable against the Euro at 1.5010 and falling against the pound sterling to 1.6625. The market believes that the recent fall of the greenback is exaggerated. However, the Dollar's decline is justified by massive emissions of the state that concerns more and more investors. An analyst at Moody's said yesterday to Reuters that the US could lose their sovereign rating of 'AAA' in three to four years if they did not demonstrate their ability to master their finances!

Today could be a volatile day, the German Ifo index at 10.00 CET, GDP of United Kingdom at 10:30 CET, Ben Bernanke's speech at 14:30 CET and existing home sales numbers at 16:00 CET should rise the volatility, which augurs well for the system Shiva .

Good day.

Nicolas Longchamp
RTFX Ltd
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