Posts by "wasup"

Guys,
Strike in greece turned violent( BBC) ..could be bad for euro..
Wat u guys think???

i mean to say less liquidity.Correction

Italy's loan costs approach danger zone
Italy's borrowing costs have jumped to the highest level since the
financial crisis over two years ago
The rise has brought concerns that Europe's biggest debtor may
slip from the eurozone's stable core into the high-risk group on
the periphery

Yields on 10-year bonds rose 10 basis points yesterday to 4.86pc
after a poor auction of short-term debt in Rome.

The Italian treasury had to pay 1.7pc to sell 8.5bn euros of
six-month bills in a thin post-Christmas market, up from 1.48pc a
month ago.

The spike in rates came as money supply data released by the
European Central Bank showed that real M1 deposits have collapsed
at a rate of 2.8pc over the last six months in the EMU bloc of
Italy, Spain, Greece, Ireland and Portugal, even though they are
rising in northern Europe.

"This is comparable with the decline in early 2008 just ahead of
the plunge into recession," said Simon Ward from Henderson Global
Investors. "The eurozone periphery is locked into a 'double dip'
that will undermine fiscal consolidation."

Its CMC Markets....

Ashraf,
Can you see any intervention from SNB?
Where do you see AudCHF in short term?