Silver as an investment

Category Archives: Danske Bank

“No News Is Bad News”: May Calls For 2 Year Exit “Implemention”, No Mention Of Early Departure

Theresa May’s speech has concluded, and while she did not confirm prior rumors that she may call for early EU departure prior to 2019, cable is lower on what has been called a “no news is bad news” speech, because as Danske Bank said, May’s remarks in which she confirmed that the UK will be […]

Draghi did not expect THIS market reaction

The markets weren’t really expecting ECB president Mario Draghi to announce or say anything ‘shocking’ last week, but it’s now starting to look like Mr Draghi and Mr Carney, the President of the Bank of England (the Central Bank in Great Britain) have had several discussions in the past few days and weeks to make […]

The European Commission doesn’t agree with the ECB …

In the Eurozone it’s not just the European Central Bank which publishes its forecasts on a regular basis, but the European Commission also releases its own expectations. And those don’t necessarily agree with the ECB’s assessments! In its Spring Economic Forecast, which was released last week, the EC is now clearly more positive about the […]

Global Stocks Dip On Poor US Auto Sales, Apple Miss; Fed Decision On Deck

European, Asian stocks and S&P futures all fall as investors digested poor overnight news on Apple earnings and U.S. car sales, while the dollar rose in muted trading as investors contemplated chances of another rate hike next month ahead of today’s Federal Reserve statement. Europe’s Stoxx 600 fell from a 20 month high as traders […]

Back From Never Gone: CURRENCY WARS

In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), […]

The Hope For A “Greater Fool”

Submitted by Lance Roberts via RealInvestmentAdvice.com, Last week Frank Chaparro penned an interesting note: “It looks like this bull market just won’t quit. Friday marked the 2,003rd trading day since the stock market rally began back in 2009, making it even longer than the bull market that preceded the 1929 crash.   And since President […]

Turkish Lira Carnage Continues – World’s Most Volatile Currency Crashes Most Since Lehman

The Lira – officially the world's most volatile currency – has lost 11% of its value since the start of 2017 (down 8 of the last 9 days against the USD).   In fact, the lira headed for its biggest five-day loss since Lehman (Oct 2008) after a pledge by Turkey’s central bank to support […]

Italian Bank Warns 30 Times For A Bail-In If The NO Camp Wins The Referendum

Source: independent.co.uk Sunday December 4th, Italians will go to the polling stations to vote on a constitutional reform. Most media outlets call it an ‘Italexit vote’, but that’s not really true. Italy will NOT be voting about staying in or leaving the European Union, but will merely vote on the new ‘Italicum’, the country’s electoral […]

More QE? Rate Hikes? Opposites Attract?

The entire financial world is holding its breath to see what the Federal Reserve decides to do at its next meeting in December. After having postponed a rate hike several times, it’s now increasingly likely a decision to increase the benchmark interest rates has been reached. At least, that’s what the market is currently taking […]

Oil Slides Below $50; Hits Two Week Lows As Concerns Over Iraq Break From OPEC Agreement Mount

Having flirted with the key psychological level of $50/bbl ever since the first week of October as a result of an ongoing short squeeze due to concerns that OPEC just may pull of the production cut it agreed on in Algiers in late September, moments ago the active WTI contract dipped below $50 without any […]