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SPN-GER Spread Avoids 5%, Latest Premium are up

by Ashraf Laidi
Nov 17, 2011 15:45

The unusual divergence between oil and euro is NOT only confined to energy prices. In fact, EURUSD has also diverged (or decoupled) from the S&P500, highlighting the deepening nature of euro-centric concerns in financial markets. Daily correlation between EURUSD & S&P500 weakened to 0.51 from the usual 0.75-0.80. Also watch Spain-German 10-yr spread breaking the 5% mark for the 1st time in the Eurozone. LATEST PREMIUM TRADES ARE HERE: http://ashraflaidi.com/products/sub01/access/?a=552 Non-subscribers can go here: http://ashraflaidi.com/products/sub01/

Ashraf Laidi

 
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