Forex daily review: Gold round massive strikes in Europe even more optimistic

EUR/USD spiked from 1.2682 to the 1.2726 on the message that received € Greece 44 billion by the European Union in a single payment (keep in mind that the delayed installment is only 31.5 billion €). Win quickly evaporates as the market digested fresh news and realized the $44 billion is not new money, but a group of several delayed loans. EUR/USD gains were from the large bears, the rate pushed down again after 1.2671 guzzled.

Euro-dollar is on hold its hard-earned gains at the time of writing this article in spite of the recent reports in the German newspaper Handelsblatt, preparing to leave the IMF the Greek aid programme. For the present session be the yesterday's rattle through making Spain an imminent bailout request is, after Spain. Decent buying Italian bonds 10 years was known by domestic accounts and 10-year Spanish bond by us funds.

Forex traders will focus on Spanish yield curve as a clear indication whether Spain has actually asked for a bailout. If the curve steepens quickly it should be through the activation of the OMT (monetary purchases) programme, which is probably only occur in a scenario that Spain the EU financial support asked.

European focus Italy Dipartimento be del Tesoro BTP auction. Auction results are scheduled to be released at 10: 10 pm GMT. Shortly after the German finance agency is a new 2-year benchmark 0.00% December 2014 treasure for up to 5 billion €.

The German auction results are at 10: 30 pm GMT, minutes after the Italian BTP auction.

The BOE inflation report at 10: 30 am GMT will attract attention of the Forex trader. Traders looking for clues to a possible extension of the Central Bank quantitative easing (QE) program.