Silver as an investment

Category Archives: Economy of the European Union

How The Euro Keeps Defying Doomsayers

In his latest Macro View, Richard Jones, an FX strategist who writes for Bloomberg, explains the resilience behind the common currency which has ignored every adverse piece of news thrown at it, and identifies the one main reason it keeps “deying the doomsayers.” * * * Euro Can Keep Defying Doomsayers, Thanks to Draghi The […]

“Forget Germany, Spain Is The Real Problem”

Following yesterday’s German election, which despite Merkel’s 4th victory was a rout for the establishment “grand coalition” parties of CDU/CSU and SPD which saw its worst election performance since the 1940s offset by a surge in the ascendant right-wing AfD, there have been numerous analyst reactions to the “sudden reemergence” of populism in Europe, but […]

Bill Blain: “I’ve Got October 12th As The Day The Big Equity Crash Occurs”

Submitted by Bill Blain of Mint Partners The big risk? The ECB taper… what follows? “It will not always be summer; build barns.” Today’s sermon is about complacency. Yesterday, I read in a Fixed Income analyst comment something about the: “robust macro backdrop ahead of the ECB meeting on Sept 7th creating a solid base […]

RBC: As The Yellen Countdown Begins “You Could Get A Sharp Move Higher In USD”

With Janet Yellen set to speak in just a few minutes, traders are scrambling to position ahead of what while most expect will be a snoozer speech, could actually be a "big surprise" as RBC's cross-asset strategist Charlie McElligott warns in his Jackson Hole preview that, noting that the risk of a dollar rally today […]

Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson Hole Begins

U.S. stock-index futures are fractionally in the green as European shares rise, Asia is mixed and oil drops modestly. Global risk staged a rebound and markets unwound some of yesterday’s safe-haven moves as U.S. government shutdown fears receded and concerns about the Trump administration’s ability to enact its fiscal agenda were put on the back-burner […]

Key Events In The Coming Week: All Eyes On The (Jackson) Hole

Absent any major geopolitical shocks, it is set to be a quiet summer week ahead with focus on the Jackson Hole conference. On the data front the key releases will be US durable goods and Eurozone PMIs, as well as Japan inflation & UK and Norway GDP. In Emerging Markets, there are monetary policy meetings […]

“From Nukes To Terrorism”: Battered Investors Flee Risk For Safety Of Bonds And Gold

The global risk-off mood accelerated overnight on Trump “stability concerns”, coupled with fallout from the Spain terrorist attack and lingering North Korea tensions, even if the VIX is off its latest highs, trading just above 15. Investors fled into German and U.S. Treasury bonds and bought gold for the third day in a row, as […]

S&P Futures Bounce As VIX Hammered, Europe “Euphoric”

After sliding to 3 month lows on “car cartel” concerns yesterday, European stocks have rebounded after three days of declines, while oil extended gains after Saudi export cuts, with Brent rising above $49 and WTI just shy of $47. Asian stocks fell while S&P futures rose 0.2% to 2,473, putting yesterday’s GOOGL drop on plunging […]

Why A Dollar Rebound May Be Imminent Even As Crash Insurance Costs Hit Nosebleed Levels

Is the bottom in for the dollar yet? After hitting a 14 month low, the Bloomberg Dollar Index saw a modest gain of 0.1% as markets awaited this week’s FOMC meeting and kept a wary eye on Capitol Hill hearings which involve close members of the Trump administration. Quoted by Bloomberg, traders described flows as […]

World Stocks Hit Record High For 10th Consecutive Day In “No-Vol Nirvana”

The relentless risk levitation continued overnight, as global shares extended their record high stretch on Thursday for a 10th consecutive day after a cautious BOJ lifted Asian stocks to a decade high with a dovish announcement that offered no surprises, while pushing back Kuroda’s 2% inflation target to 2020, the 6th consecutive delay. With all […]