Forum > View Topic
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
Sovereign debt worries aren't just for the weaker European countries anymore.
The latest round of questions about the euro sent debt-default insurance prices soaring across the Continent. Even in stronger economies such as Germany and France, the price of credit default swaps on sovereign bonds soared 15% or more.
Need a refill?
Buying insurance against a debt default in France still costs just a fraction of what it does in the more troubled, so-called peripheral countries such as Greece and Spain. But the price of hedging French debt surged 22% Friday to $102,000 annually on $10 million of debt for five years.
Thanks to questions about the future of the euro, it currently costs more to insure against a default on French debt than it does on debt issued by the United Kingdom, and more to insure against a default by thrifty Germany than by the profligate United States.
Meanwhile, several European bank stocks tumbled to 52-week lows. The big Spanish banks, Santander (STD) and Banco Bilbao (BBVA), were the biggest losers, dropping 7% and 9%. They have each lost half their value since the Greek crisis erupted in December. Other big lenders such as ING (ING) of the Netherlands also dropped around 5%, to levels within a dollar of their 52-week lows.
Thanks a lot Best of Luck.
Best Regards
kidwai
Ashraf
Ashraf
Hungary Is Not In A Situation Close To Default Head Of Opposition Socialist Parliamentary Group News Agency MTI
EUR/USD sits at 1.2045, trading post US jobs report being confined to a narrow range so far.
Opposition Socialist parliamentary group leader Attila Mesterhazy says Hungary has no fiscal skeletons in the budget and the country is not in a situation close to default.
What did we say............
A Well Known Think Tank Apparently Saying
1.2000 in EUR/USD is a sensitive level for China.
I have no more details other than that. Might help explain latest pop in EUR/USD.
EDIT: Sources telling us that think-tank musings not seen as that important
Someone with a vested interest in 1.2000 barrier has been seen buying down around 1.2020 and selling up around 1.2050. Like a little microcosm of what we normally see our furry friend do. Funny old world.
EURO: Chatter suggests gist of the advisory firm report is that China
has been buying euro assets to stabilize the currency ahead of the G20
Summit later this month. Report is said to cite China officials but is
unseen by us. Euro popped to $1.2070 as the chatter circulated but is
subsiding to $1.2055 now.
Provided by: Market News International
Nonfarm payroll employment increased by 431,000 in May, reflecting
the addition of 411,000 temporary workers for Census 2010.
what did I say, it'll only be reflecting most census workers they added this month.
Gunjack if you think that's bad have a read of this articlehttp://www.forbes.com/forbes/2010/0208/debt-recession-worldwide-finances-global-debt-bomb.html
fok it im buying euro here for 12480 and better above....... and im hoping monday we will get some relief from the Hungry comments in form of a denial or lack of transparency or a huge mistake. While continue to buying gold back of the goof ball of a confusion of sell the euro.