EUR

cheers mate, u r awesome

All this chop wants you to believe so many things therefore i am sticking to my last week analysis and i am still waiting for a bounce in euro to short it again. Most of the times it just turns out to be monday confusions and market starts following there orignal short term trends after ny lunch and earlier session in asia.

@sydneyjames: in very easy terms:

CDS: Credit Default Swap. You can look at it as a price of insurance of a certain amount of a debt (a government bond for example). The higher the CDS the higher the perception of a potential default (bankruptcy, crash, screwing up) of the entity selling the debt (the government for example).

Now, regarding bonds, the yield of the bond is similar. Investors want higher yield on a more risky debt (which makes sense: if you're going to give someone irresponsible a money for a piece of paper [a bond], then you want back much more in comparsion to giving money to someone responsible, right?)
Now, the spread (difference) between the yield of German 10yr bund (relatively stable with low risk) and the Greece Government 10yr bond (relatively unstable and risky right now) tells you, how bad is the situation of Greece :) and how screwed the EURo could be.

@lalobertone: I have no idea :) It could (and probably will be) Greece. Im not sure therefore Im not adding any new entries to my short position and Im waiting to see.

govt obligation debt market and to know if it gonna breal the 4 percent mark. my intermarket analysis on the tenure of safe haven and carry trade currrency tell me that we might be directed to the next level but i dont think it gonna be direct; a downward move is underway
the strengh of this liquidity program is still at its momentum.