In the short term, the ECB is still holding against the capital flight from Spain government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde. As you can see in the chart, the candy has been sucked and the trader world can see that too. Best regards from Hannover (Lower Saxony) Stefan...
european bonds crashed WITH stocks! and spain peaked first and italy crashed first so this shows us they will be the problem in this sovereign debt crysis part 2, they also both rely for 14% of gdp on tourism which is now....gone thanks to wuhan flu
Trade: ES10Y LONG BUY: 1.444 - 1.452 TP1: 1.489 TP2. 1.581 TP3: 1.640 TP4: 1.798 S/L: 1.360 --- Trade done by request. Hit LIKE if you found this post useful. Thanks a lot for the support. Namaste.
Triangle PO at 3.15 area $EWP
Morning star & symmetrical triangle $ESP35
I have been following BTP/Bund yield spread for a while. I thought maybe I should check Spain over Germany, so I did a quick check on Bono/Bund yield spread. My first thoughts and reactions: 1. LOL, OMG! :-D Spanish 10y yield only 1,02 % higher above Bund??? And it is still trading at all time low??? 2. Why not trade it right now? Short Bono / Long...