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Only one member of the Eurozone is still in compliance with its rules : Luxembourg.
And the largest segment of Luxembourg's economy is... wait for it...banking (ok, no surprise there)
Kinda makes Luxembourg the Üter of the Eurozone
Did the Fed buy most of the Spanish bond auction Tyler?
EURO bullish warnings mentioned earlier, have strengthened today. Vice versa for the USD index of course.
I have detected EURO buying support for several weeks now.
XAUEUR daily chart gives bearish warnings as of today.
This could be an important development.
The proprietary indicators I use in my technical analysis can identify trend changes before they occur.
Spain lost the match in return for Swiss assistance at the bond auctions... :)
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