Tag Archives: IBEX

Euro Big Winner on the Day as EFSF Looking to Leverage Up and Spain Inches Closer to Bailout

As we said in my previous article, the big winner on the day is the Euro and European assets in general. EUR/USD is up 197 pips on the day to 1.2376, EUR/JPY is up 199 pips to 97.27. This contrasts with a gain of about 126 pips in GBP/USD and only +92 pips in AUD/USD. So what's going on here? The big news seems to be that the EFSF requested bank proposals for loan facilities. Reuters reports...

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August 3, 2012 @ 8:15 pm

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Euro Big Winner on the Day as EFSF Looking to Leverage Up and Spain Inches Closer to Bailout

As we said in my previous article, the big winner on the day is the Euro and European assets in general. EUR/USD is up 197 pips on the day to 1.2376, EUR/JPY is up 199 pips to 97.27. This contrasts with a gain of about 126 pips in GBP/USD and only +92 pips in AUD/USD. So what's going on here? The big news seems to be that the EFSF requested bank proposals for loan facilities. Reuters reports...

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August 3, 2012 @ 8:15 pm

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Spanish 2 Year Yields Down 0.57%, IBEX, MIB and EUR/USD Up on the Day

After yesterday's moderate fall in yields of only 10 basis points, Spanish 2 year yields are down over 10% today, or 56.9 basis points since the open. Spanish 10 Year yields are also down 6.5 basis points to 7.10%, but this is after reaching a high of 7.435% earlier in the session. Yesterday ECB's President Mario Draghi hinted that in the case of future bond buying, they will only buy on the...

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August 3, 2012 @ 10:47 am

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Spanish 2 Year Yields Down 0.57%, IBEX, MIB and EUR/USD Up on the Day

After yesterday's moderate fall in yields of only 10 basis points, Spanish 2 year yields are down over 10% today, or 56.9 basis points since the open. Spanish 10 Year yields are also down 6.5 basis points to 7.10%, but this is after reaching a high of 7.435% earlier in the session. Yesterday ECB's President Mario Draghi hinted that in the case of future bond buying, they will only buy on the...

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August 3, 2012 @ 10:47 am

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