25 April 2010

Sovereign Debt Crisis : Next Stress Point = Portugal

  • Scanned through charts of 10 year Govt bond yields of EU countries.
  • Greece = goner.
  • Next up = Portugal. Guess this is the chart that bears close watching from now on for EUR/USD trading. Last trade 5.039% vs critical chart point at 5.148% just a whisker away.
  • Spain Italy Ireland = still OK. No sign of stress yet.
  • Attached charts of Greece and Portugal (marked in colors of the national football team).

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