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Ashraf Laidi

Ashraf Laidi

AshrafLaidi.com

Ashraf Laidi is the author of "Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets" - Wiley Trading.

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Bunds See no Grexit

The Bunds-Euro relationship remains intact, as both continue to converge along the crucial trendline support since the April bottom. With yet another yields bounce off the support today, bunds are further eliminating Grexit scenario for now as does the single currency.

Scrapping Sunday's referendum promises to be an explosive catalyst for bund yields & the euro, since it is a German pre-condition for any negotiations to continue.

10-Year Bund Yield Daily Chart

 

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