Le Blog de Marc Raffard

OANDA NEWS

• EUR Short Squeeze Too Far? 17 mai 2012
  This market needs to catch its breath after the selling pressure across currencies and the blood bath in equities this week. It can be rather monotonous to listen to the euphoric rants of the EUR bear. To date, it has been an unfair playing field. They have all the negative ammunition. For the bulls, it seems they have to wait for that squeeze going just a w […]
  Dean Popplewell
• Officials Talk Openly of Greek Euro Exit 16 mai 2012
  With only enough cash on hand to keep the country afloat for just another month or so, the noose is tightening on Greece. The next aid installment – approximately 30 billion euros – is desperately needed to meet upcoming debt obligations, but is contingent upon Greece first implementing a further 11 percent in spending cuts. Meanwhile, the results of the ele […]
  Scott Boyd
• BoE Sees Inflation and Weaker Growth In UK 16 mai 2012
  The Bank of England (BoE) said in its report today that the UK’s inflation is likely to remain above its 2 percent target for at least another year, while growth will be subdued and vulnerable to the euro zone debt crisis. The central bank sees inflation at about 1.6 percent in two years time. The Bank’s forecasts represent a much slower fall in inflation th […]
  Staff
• Grexit no more, Spain for EUR 16 mai 2012
  Grexit has not occurred yet, but contagion is surely here, just look at the unsustainable debt financing levels in Spain. The EUR squeeze continues, albeit painfully slow. When Capital markets eventually go for the Greek kill, euro policy makers will not have had the time to put in place a structure that allows Greece to leave in an orderly fashion. The pote […]
  Dean Popplewell
• Greek Voters Prepare to Roll the Dice 15 mai 2012
  Now that Greek officials have ruled out any chance to form a new government, a follow-up election has been announced. However, this time it appears that voters are now ready to roll the dice and cast their lot with a fervent left-wing coalition running on a campaign to pressure Eurozone authorities for greater leniency in the country’s existing austerity com […]
  Scott Boyd
• Greece: Default or Yield Choice 15 mai 2012
  Greece, which hasn’t had a government for more than a week and whose 10-year debt yields more than 27 percent, decides today whether to pay 436 million euros ($562 million) to bondholders who shunned last month’s debt swap. A floating-rate note sold a decade ago by Europe’s most- indebted nation matures today. Repaying the security would disadvantage investo […]
  Dean Popplewell
• US Consumer Holding UP 15 mai 2012
  US Retail Sales rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month. The 0.1 percent gain followed a 0.7 percent increase in March, Commerce Department figures showed today in Washington. Economists projected an advance of 0.1 percent, according to the me […]
  Dean Popplewell
• Germany Is Holding Up The Euro Zone Economy 15 mai 2012
  Germany helped the euro zone avoid its second recession in three years, as growth in the region’s largest economy offset contraction in other euro zone member countries. German gross domestic product (GDP) rose 0.5 percent from the fourth quarter of 2011, when it fell 0.2 percent. Growth was mainly driven by net trade, as exports rose and domestic consumptio […]
  Staff
• Myopic EUR View Tops 15 mai 2012
  Investors should remember not to ignore the current economic data despite the market’s obsession with events in Greece. We should be concerned with developments in the periphery countries, however, becoming stubbornly obsessed with negativity and EUR short positioning is sometimes not fruitful. These times that can end up being the most damaging to a portfol […]
  Dean Popplewell
• Greek’s Attempts to Build a Coalition Go Into Deadlock 14 mai 2012
  The Greek President, Karolos Papoulias, has so far failed to secure agreement on a united government. The fears that the country is heading toward a possible exit from the euro area are rising. The President called the four main parties, including the centre-right New Democracy and the Socialist Pasok, to try to form an emergency government. Greece’s biggest […]
  Staff