Category Archives: Euro
Iran Dumps The US Dollar: ‘The Dollar Has No Place In Our Transactions Today’
The nation of Iran has dumped the United States dollar in favor of the European euro amid tensions with Washington. Tehran’s supreme leader has proclaimed that the “dollar has no place in our transactions today.” According to RT, The governor of Iran’s central bank (CBI) Valiollah Seif said that Supreme Leader Ayatollah Ali Khamenei had welcomed his […]
Where European Populism Will Be Strongest In 2018
zerohedge.com / by Tyler Durden / Dec 26, 2017 7:58 PM While the establishment may breathe a sigh of relief looking back at political developments and events in Europe – which was spared some of the supposedly “worst-case scenarios” including a Marine le Pen presidency, a Merkel loss and a Geert Wilders victory – in 2017, any victory […]
Asian Stocks Slide On iPhone X Demand Fears; US Futures Flat In Thin Holiday Trading
For the second day in a row, most Asian markets – at least the ones that are open – were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash […]
Sharing Risks To Counter Germany’s Plans Seeing Target2 Collaterilazation With Gold Reserves
Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone". Despite being quite soft (there will not be permanent transfers between Member States), the recent proposals of the European Commission to deepen integration in the economic and monetary union could meet the opposition of Germany as soon as […]
Great Graphic: Euro Pushes below November Uptrend
marctomarket.com / by Marc Chandler / DEC 5, 2017 The euro is losing ground for a third consecutive session. It is the longest losing streak since the middle of October. The Great Graphic here, created on Bloomberg, depicts the euro since the beginning of last month. After falling in September and October, the euro trended higher in November. It peaked on November 27 […]
Will Dovish Draghi Plunge Gold?
sunshineprofits.com / ARKADIUSZ SIEROŃ / OCTOBER 31, 2017 Draghi sounded dovish at the recent ECB press conference. Will he sink the price of gold? We have already covered the last ECB monetary policy meeting on Friday. However, the event was so important that it needs a more detailed analysis. The question is why the euro declined against the U.S. […]
Eurozone Inflation Unexpectedly Cools
In the latest headache for Mario Draghi, the Eurozone's closely watched CPI weakened to 1.40% year-on-year in October 2017 versus expectations of 1.50% and a reading of 1.50% the previous month. As a reminder, according to the ECB's September forecast, HICP inflation is expected to rise to 1.5%, leaving little margin for deflation in the […]