Risk aversion picking up | Forex Factory

  • Risk aversion picking up

    From forexlive.com

    Strange to see the AUD falling faster than the EUR after what are ostensibly EUR-negative developments but this is risk aversion, pure and simple. Market will start to worry about a No vote, Greece leaving the EUR and defaulting 100% on its debt. Stops triggered below 1.3700 in the EUR/USD.

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Hareii
Nov 3, 2011 2:39am
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Its not Greece anymore. That is just what media want to distract your attention away. Its about Italy playing out in the background now.

Italy's current 10-year yield is at record high of 6.33% even with ECB coming in to buy Italian bond. When the yield go above 6.5%, all hell will break loose and Italy will become the new Greece of attention.
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