Forum > View Topic
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
with charts! seeing is believing etc.
I din't need no charts to know for sure Eur must fail...every politically constructed currency has failed since
Italy's borrowing costs have jumped to the highest level since the
financial crisis over two years ago
The rise has brought concerns that Europe's biggest debtor may
slip from the eurozone's stable core into the high-risk group on
the periphery
Yields on 10-year bonds rose 10 basis points yesterday to 4.86pc
after a poor auction of short-term debt in Rome.
The Italian treasury had to pay 1.7pc to sell 8.5bn euros of
six-month bills in a thin post-Christmas market, up from 1.48pc a
month ago.
The spike in rates came as money supply data released by the
European Central Bank showed that real M1 deposits have collapsed
at a rate of 2.8pc over the last six months in the EMU bloc of
Italy, Spain, Greece, Ireland and Portugal, even though they are
rising in northern Europe.
"This is comparable with the decline in early 2008 just ahead of
the plunge into recession," said Simon Ward from Henderson Global
Investors. "The eurozone periphery is locked into a 'double dip'
that will undermine fiscal consolidation."
Opened Short posiotion on Eurusd @1.3320 for 1.3150
wait i ahve to conduct a meta analytica study on GBP/YTL
it is complicated. long process.
but the third resistance might play on the upside. so u leave me the grease.
or a barbecue or a hotpot