EWQ iShares MSCI France ETF

$EWQ $EZU France’s 10y swap spread (swap fixed rate minus OAT yield). Deeply negative levels near -143 bp mean French government bonds yield far more than the swap curve. This flags acute market stress over Frances fiscal path, debt absorption, and credit risk amid recent budget doubts and widening OAT-Bund spreads to euro-crisis highs.

$EWQ $EWG $EZU Growing fears of higher interest rates and another Euro crisis: >German 5Y CDS rose from 7.5 to 13bps >French 5Y CDS spiked from ~15 to 82bps

$EWQ • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 7,975.82 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 7,679.36 ➔ 7,980.99 • Refined Demand (+OB): 7,880.42 – 7,896.10 • Overhead Supply (-OB): Liquidity crest • Buy-Side Liquidity (PDH): 7,918.74 [SWEPT] • Sell-Side Liquidity (PDL): 7,870.75 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$EWQ • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 7,892.14 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 7,679.36 ➔ 7,980.99 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): Liquidity crest • Buy-Side Liquidity (PDH): 7,909.74 [SWEPT] • Sell-Side Liquidity (PDL): 7,810.92 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$EWQ • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 7,897.78 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 7,679.36 ➔ 7,980.99 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): Liquidity crest • Buy-Side Liquidity (PDH): 7,873.64 [SWEPT] • Sell-Side Liquidity (PDL): 7,814.41 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$EWQ Four days ago this post was about France borrowing more than Italy for the first time since 2012. The stress has moved up a gear since. The 10-year touched roughly 5% this week, its highest since 2002, after the biggest quarterly rise in nearly four decades. Now it’s the spread telling the story. French borrowing costs are about 140 to 150 basis points above Germany’s, the widest since the 2011-2012 debt crisis. France is starting to price like the periphery it once backstopped. The arithmetic stays hostile: a record 340 billion euros of borrowing planned for 2027, and the fiscal watchdog calls the government’s assumptions optimistic. Tracking whether the spread keeps widening into April’s elections.