Intraday Market Thoughts

Will LTRO2 Trigger SPR2? Latest Premium Trades

by Ashraf Laidi
Feb 27, 2012 20:41

As the ECB unleashes its LTRO-2 this week, the BoE starts off its QE3 and the Fed maintains hints/hopes of QE3, oil markets may well start worrying about a potential SPR2--a 2nd round of strategic petroleum reserves release from the 28-nation International Energy Agency (IEA), following last Junes release, which we called it QE for the oil market. As central banks asset purchases support equities (and commodities), energy-importing nations may have little choice but to push for SPR2 despite the recent strengthening in their currencies against the greenback. Here are the latest Premium Trades on US crude, EURUSD, S&P500 with 4 CHARTS on EURUSD & Inter Commodity Technicals DIRECT ACCESS: CLICK HERE to Subscribe:


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