Intraday Market Thoughts

Monti's Bounce, Latest Premium Insights

by Ashraf Laidi
Jun 29, 2012 19:46

Merkel may be known as the iron lady, but Italian bonds remain the most influencing on market sentiment primarily due to the size of its sovereign debt. Eurozone leaders have no choice but to pay attention when Italian bond yields soar. We were stopped out of our long EURUSD positions, while insisting that the corrective bounce is not yet over. Todays 150-pt rally in EURUSD puts back the stabilization track ...for now. Fridays latest Premium Insights are found here: Non subscribers can click here to join.



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