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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
China Mafia Worldwide Inc. Italy branch, CEO Berlusconi
EURO up and away
it is not possible for eurusd crash 1000 pips in one day, so give it some more time, sell any rally with HARD STOP!
Italy today is auctioning as much as 7 billion euros ($10 billion) of bonds to help pay for 14.5 billion euros of bonds maturing on Sept. 15. The euro regions third-largest economy sold 11.5 billion euros of bills yesterday and priced its one- year notes to yield 4.153 percent, up from 2.959 percent at the previous auction last month.
The yield on Italys 10-year bond rose to 5.69 percent as of 10:01 a.m. in Rome, pushing the spread with the equivalent German securities up 13 basis points to 396 basis points. The MSCI Asia Pacific index of stocks advanced 0.3 percent as of 4:50 p.m. in Tokyo after the Standard & Poors 500 index gained 0.7 percent overnight.
"..At present, the market has favoured the USD amidst the weaker risk environment, but should the risk environment improve we view SEK and NOK will benefit.."
Even EURO went ballistic up against it.
Any idea guys?