European bond yields crept higher overnight with Spanish yields hitting fresh highs of 6.83%, yet equities still soared…Markets and investors alike continue to stumble around in a somewhat dazed and confused state, playing what one market commentator called “headline roulette”. Essentially news headlines overnight consisted of Eurobond ‘chit-chat’ and Spanish bond yields with traders prefering to buy up on the Eurobond specualtion, Continue reading
Tag Archives: Eurobonds
Exchange Rate Today – 1st June 2012
The Aussie exchange rate today has rallied off support at 0.9675, a key level and and one that should be watched closely over the course of today. EUR/USD hit another new low overnight, trading at 1.2336 and looks set to extend losses unless sentiment shifts dramatically, having said that looking more closely at traders positions held, the market is net long on EUR/USD, perhaps indicating that with May behind us, risk currencies and equities Continue reading
Exchange Rate Today – 24th May 2012
Global markets were somewhat mixed overnight with European equities getting hammered in overnight trade with the Stoxx 50, the biggest loser, down 2.7%. U.S stocks were down in early trade, Dow down as much as 190 points, with many expecting an awful finish. However as is becoming common place a late rally on the S+P, bouncing off 1296 saw U.S equities finish close to even. It would appear 1300 is the new key level to watch, Continue reading