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

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Wed, 06/16/2010 - 19:54 | 418337 Cplus
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Only one member of the Eurozone is still in compliance with its rules : Luxembourg.

Thu, 06/17/2010 - 00:32 | 418771 palmereldritch
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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


Thu, 06/17/2010 - 07:18 | 418993 Landrew
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Did the Fed buy most of the Spanish bond auction Tyler?

Thu, 06/17/2010 - 07:26 | 419000 Grand Supercycle
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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.


Thu, 06/17/2010 - 08:01 | 419038 Sean7k
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Spain lost the match in return for Swiss assistance at the bond auctions... :)

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