Here’s a quick rundown of headwinds and tailwinds for the EURUSD 1. EU Political Turmoil: Bearish The corruption scandal in Spain and resurgence of anti-market PM candidate Berlusconi should continue to create uncertainty with a distinctly bearish effect, for reasons we discussed in earlier posts here, here, and here. Until these are settled the uncertainty will pressure the pair. Keep an eye on related headlines, but especially on the bond yields of both nations. Steady of falling yields suggest steady or rising confidence in their creditworthiness, while rising yields suggest the opposite. Last week yields rose for ... (full story)