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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
euro still long, check the 8 hr studies
indicators down 1 hr..
4 hr long absent candle close below 4393
mowin early...gotz to get 3 crops of hay, this season while da sun shines...and stack cane and bananas
nice lil followin wind with euro
Trade:
holding 4340 Euro/usd long..stop now for partial off at 4450...
1 hr long of course.
4 hr never gave up the ship Daveo..
From MNI FX Bullets:
ECB President Trichet proposing a unified EMU finance ministry as his
vision for the future. Bunds opened higher on flight-to-quality buying
following Moody's 3 notch downgrade of Greece late yesterday and weak
stocks. However, Bunds then came off highs as the Spain 10-yr spread
reversed earlier widening and tightened 6bps to +227bps after Spain sold
E3.953bn vs target E3-E4bln, with 3.40% 2014 Bono cover 2.48 vs 1.79
prev at avg yield 4.037% vs 3.568% prev and off-the-run 3.00% 2015 Bono
cover 2.90 at avg yield 4.23%. Elsewhere, Portugal 10-yr spread widened
16bps to record high at +722bps ahead of Portugal general elections on
June 5. Ireland widened to record high at +783bps but reversed this move
to +777bps.
Greek 10-year spread eased off session high at +1310bps
after wire reported Greek PM is to present a mid-term plan to
Eurogroup's Juncker on Friday, where E6.4bln worth new steps been agreed
faster privatisations, cuts in government spending & revenue measures
Ashraf