With the Greek debacle approaching it's knife edge of a call. One would be wise to look at the risks to all things Euro-related. The deadline is the 28th Feb, save for anything changing in the interim its positive to assume things are going to the wire. Greece are attempting to identify the debts it wants to rearrange (read as trim the terms). Review those FX positions and certain exposure on the Athens Stockmarket, your dealers will be!
It was surprising in today's phone-in for the EMC to categorically miss the margin and leverage requirements globally causing a bounce in oil. Quite where the price lands as people readjust their positions because of what we shall call the "leverage review", is not a mystery but certainly guess work in the very short-term. Are spread-betting firms rushing to limit their risks in what was easy money before? Over to IG Group and PLUS 500 for some more clarification.
Can the bank of Attica go lower?
Atb Fraser
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