Disliked4.6 9% spike in 2 year italy bonds...
2.7 Trillion $ debt ... may be EPSF also not sufficient to bail Italy outIgnored
Germany and major EZ players keep insisting on some kind of private debt burden sharing and market are reacting badly in its own right as they have listening and believe the EZ debt for almost 2 years without a proper and decisive solution from the politicians.
Putting fear in the market and in the media (headlines even in the tabloids about debt) is the best weapon they have. This is the 3rd time in the last 2 years that this happens before a major meeting....sadly we'll have to wait for the meeting before lighting the bull's barbecue....
Meanwhile 1.410x looks unavoidable intraday and key daily S at 1.397x around the corner...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now