Another day, another new record for Spanish 10 year yields – 5.15% at the time of writing, already higher than the peak at the height of the Greek crisis. This reflects fear that Spain may be unable to pay its debt, as contagion spreads. Yesterday, a bond auction by Iberdrola, a big Spanish power company was frozen. And beforehand, a government auction for short term notes came out with yields that were double the previous month. Bloomberg reports that Spanish foreclosures may triple in 2011. Lots of trouble in Spain… EUR/USD is at 1.3290 at the time of writing, still within the range and above yesterday’s lows. Significant support appears at 1.3267, followed by 1.3114. Update 14:00 – Spanish 10 year bond yield reached 5.20%. 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 Forex Bits share Read Next [Video] Long Euro, Currency Wars, Gold Heights and More Yohay Elam 12 years Another day, another new record for Spanish 10 year yields - 5.15% at the time of writing, already higher than the peak at the height of the Greek crisis. This reflects fear that Spain may be unable to pay its debt, as contagion spreads. Yesterday, a bond auction by Iberdrola, a big Spanish power company was frozen. And beforehand, a government auction for short term notes came out with yields that were double the previous month. Bloomberg reports that Spanish foreclosures may triple in 2011. Lots of trouble in Spain... EUR/USD is at 1.3290 at the time of writing, still… Regulated 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.
