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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
and measurable tp's from tunnel using fibo count..
all good when we back to 'old normal'
but soon will use that as hedge..as in positioning neutral..but now only have straight trades..
21 flat now.....and in middle of tunnel..break either side.. signicant with 21 pointin direction..
on euro 1 hr...tunnel is now tp 4408...until turn in 21
21sma up now
stochs rewinding dial
momentum system..simple like me and my crewmates..
1 hr long
from MNI FX Bullets
SPAIN BOND AUCTION PREVIEW: Spain's Tesoro Publico is due to tap
the 10-year benchmark 5.50% Apr 2021 Obligacion and also the off-the-run
4.80% Jan 2024 Obligacion on Wednesday for between E2.5-E3.5bln
indicative size. The auction is a day earlier than normal due to Easter
holiday, but comes at a time when Spanish yield spreads have been
re-widening in recent session on fear that contagion from Greece,
Ireland and Portugal will spillover into Spain. The 10-year yield spread
has widened to +221bps from +170bps on Apr 12, but this concession bodes
well. The 2021 Obligacion trades at 5.492% mid-yield, having cheapened
by 34bps in past 6-sessions, and this concession bodes well ahead of the
auction. The 2021 Obligacion was last sold on Mar 17 for E3.219bln at
average yield 5.16% and then covered 1.81 times. The 2024 Obligacion
trades at 5.67% mid-yield and seen trading rich on the curve, according
to traders. This issue was last sold Nov 2009, and thus not comparable,
but was sold at 4.258% and then covered 1.84 times. Whilst yields are
expected to be higher, focus is on the cover ratio. Results at 0840GMT.
from MNI FX Bullets
Ashraf