Daily Credit Summary: June 16 - Spain, Pain, And BP's Bane

Tyler Durden's picture

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Cplus's picture

Only one member of the Eurozone is still in compliance with its rules : Luxembourg.

palmereldritch's picture

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

http://www.youtube.com/watch?v=1d4eLzUD-0I&feature=related

Landrew's picture

Did the Fed buy most of the Spanish bond auction Tyler?

Grand Supercycle's picture

 

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.

http://stockmarket618.wordpress.com

Sean7k's picture

Spain lost the match in return for Swiss assistance at the bond auctions... :)