Italy managed to raise the money it wanted in a BTP auction, 3 billion euros. But the price was dear: the yield rose to 6.47% – high for 10 years, and even worse for 5 year bonds. The last 5 year auction resulted in yields of 6.29%. This isn’t a big jump, but still a disappointment, after Spain saw a drop in yields. EUR/USD is retreating from the 1.3060 area and is floating in a narrow range above 1.30. 1.3060 held the pair before yesterday’s American rate decision and after the fall, it capped the pair. It managed to reach this area after things calmed down. Yesterday’s Spanish auction was more successful – Spain saw a drop in its yields from a previous auction. Italy continues to be the epicenter of the crisis. Spain is drifting away. Euro-zone industrial production dropped by 0.1%, almost as expected. Other than that, a vote of confidence passed in Finland, following the recent EU Summit. For more on the euro, see the euro/dollar forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex News share Read Next Blue skies giving way to cloud FxPro - Forex Broker 10 years Italy managed to raise the money it wanted in a BTP auction, 3 billion euros. But the price was dear: the yield rose to 6.47% - high for 10 years, and even worse for 5 year bonds. The last 5 year auction resulted in yields of 6.29%. This isn't a big jump, but still a disappointment, after Spain saw a drop in yields. EUR/USD is retreating from the 1.3060 area and is floating in a narrow range above 1.30. 1.3060 held the pair before yesterday's American rate decision and after the fall, it capped the pair. It managed to reach… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
