Ashraf explains the notion of debt mutualisation vs. Eurobonds, stating that the former uses Eurobonds to refinance all debt EXCEEDING 60% of GDP. Eurobonds proceeds would go into a Eurozone Redemption Fund. ursuing the path of Eurobonds via maturity extensions (up to 25 years) & preferential interest rates would require a loss of sovereignty.
Ashraf also talks about the increasingly adversarial opposition pursued by the Germans (to further backing the Southern nations) French (against loss of sovereignty) and Italians (insistence to obtain time for recent reforms).
Ashraf also mentions the metrics reflecting danger, such as Spain 10yr yields surpassing7.5%, Italian yields regaining 6.50-6.75% and their spreads with German 10 year yields nearing 5.0% from their current levels of 4.6%.
Premium Insights include the analysis for trades in progress as well as those were squared to pave the way for the next sessions. See more detail on the latest trades http://ashraflaidi.com/products/sub01/access/?a=660 Non subscribers can take part here:http://ashraflaidi.com/products/sub01/
Finally Im revealing the Mystery Chart discussed here and here. The top chart is EURGBP Daily and the bottom chart is EURGBP Weekly. I'm sure you are experienced enough to notice the top chart has finally broken above its 3-month long channel, while the weekly chart has not only held the 11-month trendline support, but is bouncing higher. Can this go to 0.89? There are other important fundamental metrics backing the trade. If you speak Arabic, join me my webinar with Swissquotethis evening 6pm GMT.. If you prefer to get these daily analysis into your mailbox and not miss an update, then feel free to register (for free) in the upper corner of the website.
Click To Enlarge
Latest Hot-Chart - Feb 05
Mystery Charts
سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group...
View Hot-Chart..
Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
Read Article..