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Coincidence? Moody cutting the credit rating of the US

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Coincidence? Moody cutting the credit rating of the US

Postby eur/usd trader » Tue Sep 11, 2012 3:28 pm

I am referring to the post on the this site's blog (http://www.forexabode.com/forexblog/blogs/) and also Bloomberg and Reuters.

Is it a coincidence that such news comes at a time when the confidence level for Euro was going up or all these are the games played by the biggies to make the market go in the direction of their positions? Some big buy positions are taken and the Chinese data and German issues come into the picture against those. And you can't change those. So the Moody factor comes into the picture which can always be manipulated.

Any comments?
eur/usd trader
 
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