Italian law blocks polls two weeks before an election ( not a bad idea imho) so its all speculation. But Europe's leaders seemingly all count on Bersani with Berlusconi far off. I know our Italian neighbours quite well and I expect a much closer voting even with pirate party comedian Beppo getting 5%. The old dolce vita clichee sticks but is not longer true. Berlusconi still has the media power and widely underestimated there are hundreds very popular private local radio stations more on the side of the anti austerity unions.
Bought put options on italy sov bond futures ( 10 y). Very risky. In case of deadlock I assume a selloff of italy bonds and rising yields. Close all open fx trades. Cyprus elections also to watch.
but EUR has been the weakest major along this week... Sunday elections Italy unlikely Berlusconi wins but if he is in a coalition...no Italian bank will ever repay any LTRO.
No summary. ECB official: there is no payback yet, but said today 356 institutes "are about" to return 61,1 bln. But not when. Expected was 120 bln before Mar 1st. The LTRO term ends Feb 28
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
http://www.ft.com/intl/cms/s/0/1820324c-7d0b-11e2-8bd7-00144feabdc0.html
dolce vita clichee sticks but is not longer true. Berlusconi still has the media power and widely underestimated there are hundreds very popular private local radio stations more on the side of the anti austerity unions.
In case of deadlock I assume a selloff of italy bonds and rising yields. Close all open fx trades. Cyprus elections also to watch.
Sunday elections Italy unlikely Berlusconi wins but if he is in a coalition...no Italian bank will ever repay any LTRO.
GBP strongest EUR weakest major.