TGIF… EUR/USD: Bids 1.3130/40, sell stops through 1.3125, 1.3080 and 1.3050. Buy stops through 1.3180 ahead of tech res 1.3205 (55 day MA), with buy stops again on a break GBP/USD: Offers 1.6085/00 ahead of barrier (1.6100). Bids 1.6035/45 and … Continue reading
Stronger than Reuter’s median forecast of 109.5. EUR/USD rallies up to 1.3179, presently at 1.3170. Talk of buy stops through 1.3180 and more through 1.3205 (which is 55 dma). On downside trailing sell stops through 1.3125.
Improved from -39 pts in March.
Portuguese banks need ‘fraction’ of EU 12 bln Yields will fall as Portugal meets bailout terms
From the 140 I jotted down first thing. Highest since January 9th. EUR/USD down to 1.3130.
Spanish/German out to 431 bps from the 423 I saw first thing Italian/German out to 400 bps from 392 EUR/USD down to 1.3138.
Got it in one pumpkin. And there’s the problem. ECB should cut interest rates ECB should lend money directly to states I just can’t wait for this guy to become French President. It’s gonna be a hoot