EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
During yesterday's sleepy markets, I highlighted in this tweet the rally in bund futures (rising prices, falling yields) may signal similar price action at the subsequent session, when US bond yields/prices return from Memorial Day Weekend. Today's bond price action did not disappoint, as the homogenous asset class moved in concert, delivering gap ups in prices and falling yields. This was a desperately needed development for yen bulls (particularly USDJPY shorts). Interpret what you wish from the chart below as to which is the dependent and independent variable (USDJPY or yield spread). Who leads whom? Shorting USDJPY has been the "pain trade" for our WhatsApp Broadcast Group, as we await Wednesday's debt ceiling vote and the JOLTs survey. Hanging in there.
Ashraf
Greece 32,8 %
Italy 31,4 %
Spain 30,1 %
ireland 27, 3 %
Germany 5,8 %
http://fbkfinanzwirtschaft.files.wordpress.com/2010/03/bw-march-1_2010-merkel-germany-vs-europe.pdf
these figures reflect also, which nations are waiting in the queue next to be "supported" or "aided" or
"honoured" for their inabilties
How shall the Greek pay the debts ? you already made critical marks about that, I know
so Greek CDS will be not the solution, but the prolongation of the crisis:
cheap money was the decisive harmful Katalysator for the subprime crisis and will it be now again.
For these reasons I d`ont belief Germany can afford so much to bailout Greece
If this is presumably so, Greek will also destabilze confidence in the Euro anyway with or without aid.
Germany or the EU can help temporarily but not change greek structures and manners (behaviours)
Sie wissen doch selber am besten Bescheid ber die derzeitige Stimmung in Deutschland; der aufmacherische Film "die Grenze" und Umfragen enthalten zumindets ein Krnchen Wahrheit
Mit der Piefek Saga oder Seitenhieben auf sterreich allerdings nicht vergleichbar
Aber im Ernst: Meine Bemerkung betraf die Frage, ob Deutschland Griechenland helfen wird, davon war ich nicht berzeugt und Finanzminister Schuble hat dies kurz nach meinem Beitrag auh deutlich besttigt und von gezielter Fehlinformation gesprochen.
Ich wollte zum Ausdruck bringen, dass Deutschland auch wichtigere Sorgen als Griechenland hat.
Schuble yesterday spoke about deliberate false informations for speculators
http://www.ft.com/cms/s/0/7bab9d7e-3128-11df-8e6f-00144feabdc0.html