The Euro has pushed up 180 ticks in the last couple of hours on talk of a Greek Debt buyback, as well as comments from the S&P ratings agency saying there is a 50/50 chance of a US downgrade in the next 3 months.
We also have GBP/USD hitting 1.6223, Breaks 1.62 Level For First Time Since June 22.
The Greek bailout talk has lead to a big sell of in Bunds as we are now down over 90 ticks for the day as I write.
We have support in the Bund at 127.23, 126.61, and resistance now at 127.74 and 128.33.
Still to come today we have Philly fed at 3pm UK time.
Subscribe to:
Post Comments (Atom)
Front month WTI Futures plunges to negative $37 as storage costs rocket
It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...
-
Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
-
In the previous ECB meeting we had a split decision on whether to cut rates further or not but today Mario Draghi said the council decided ...
-
With the raft of poor data out this morning, we got some strong selling pressure in all parts of the curve. The 2s-10s spread hit an all tim...
No comments:
Post a Comment