Silver as an investment

Category Archives: Euro

DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil

The dollar’s collapse is nearing.  The European Union is planning to switch it’s payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions. Just one more nail to the US dollar’s coffin.  Its collapse is all but imminent at this point. The EU has successfully found a way to scoff at potential […]

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 […]

Keep Calm & Carry On

Authored by 720Global's Michael Liebowitz via RealInvestmentAdvice.com, “Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption.” – Mark Carney, Bank of England Governor In 1939, the British Government, through the Ministry of Information, produced a […]

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 […]

US Futures Rebound After Disappointing Chinese, European Data

Yesterday’s sharp Chinese selloff is now a distant memory after the BTFDers emerged, and this morning U.S. equity futures are once again levitating as the FOMC begins its two-day policy meeting, following an uneventful BOJ announcement on Tuesday morning which left all QE parameters unchanged. Asian stocks traded mixed steady while European shares climb. The […]