Blog > Archive by tag 'euro'
“With economic growth likely to slow, investors will take a greater interest in firms with clearly visible profitability, operating in strongly growing markets. Here are three examples.” — Cedric de Fonclare
Blogger’s note: Each week our friends over at MoneyWeek in London ask a professional investor where he or she is investing [...]
Tags: Cedric de Fonclare, cyclical, economic downturn, euro, eurozone, fme, fresenius, inflation, recession, syngenta, synn, vallourec, vk
The European Central Bank (ECB) considers inflation its biggest enemy. How successfully are they fighting it? Well, with the German PPI up a whopping 9%, they seem to be doing a bang-up job!
by Nina Koeppen, Wall Street Journal
Baltimore — (TFN): German gross domestic product fell 0.5% in the second quarter from the first three months [...]
Weak German economic growth numbers worry Economists — and spell trouble for the euro.
by Spiegel Online
Baltimore — (TFN): The German economy — still the engine of Europe — may have shrunk in the second quarter, according to early reports, and the outlook for industrial production isn’t lively. After a good start to 2008, Germany could [...]
“But while there seems to have been more or less a straight fight between the States and us (the UK) as to who actually plunges into a recession first, within the last few weeks another strong contender for this dubious prize has emerged. The eurozone now looks like it [...]
After the rout in oil, gold and commodities, the U.S. dollar may be in for a trend reversal. Is it may time to short the euro yet?
by J. Christoph Amberger
Baltimore — (TFN): The dollar rebounded to a seven-week high at $1.5454 per against the euro as the Fed kept interest rates unchanged. The dollar rallied [...]
“A more immediate concern is the growing divergence of European economies. Two big European economies, Italy and Spain, are perceived as more risky than the two core members of the Eurozone, Germany and France.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore and London — (TFN): In the last year, the euro [...]
Tags: britain, civil war, currency, dollar, euro, eurozone, Gold, napolionic, united states, us, waterloo
American financial gurus consider an overvalued currency the end-all be-all of national monetary policy. European manufacturers and exporters are disagreeing.
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“Throw stagflation into the mix, and the whole picture changes. This is exactly what’s happening now. The rules are changing but no one seems to have informed ‘the players’ yet.” — Sean Hyman
by Sean Hyman
Baltimore – (TFN): For a long time now, if you had a background in stock trading, [...]
“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet
by Stephanie Grimmett
Baltimore – (TFN): You can blame a frenchman [...]
Tags: bernanke, central bank, dollar, ecb, eu, euro, european union, Fed, inflation, interest rates, jean-claude trichet, oil prices, paulson, treasury
“Banks all over the world have spent much of the few years bingeing on cheap money, but Iceland’s taken the whole thing to quite an extreme. Its big players – the likes of Landsbanki and Kaupthing – have been on an extraordinary borrowing spree, sucking in vast quantities of cash to fund lending and acquisitions [...]
Baltimore — (TFN): On April 29, net shorts on a decline in the euro came in at 21,315— compared with net longs of 18,907 a week earlier, according to the CFTC. Currency strategists now expect the dollar reversal to reach $1.52 within the next few days.
So far, the U.S. currency has appreciated 4 percent from [...]
Baltimore — (TFN): Net shorts on a decline in the euro came in at 21,315— compared with net longs of 18,907 a week earlier, according to the CFTC. Currency strategists now expect the dollar reversal to reach $1.52 within the next few days: The podcast for our latest TFN 60-Second Buzz video, featuring J. Christoph [...]
Baltimore — (TFN): Short positions on the euro have been increasing. An increasing number of traders expect the dollar to appreciate against the euro and other currencies. But could a dollar reversal ring in a deflating of the commodities bubble?
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“At this point, Ben Bernanke has to feel like Barney Fife. Remember how on the Andy Griffith Show, Andy only gave Barney one bullet and he had to keep it in his pocket? Mr. Bernanke has to feel like he is running out of bullets and needs [...]
Blogger’s Note: The record low exchange rate of the dollar against the euro and yen is seen as a harbinger of doom for the U.S. economy. It should be pointed out, however, that the global, export-driven economy favors two things: Cheap labor. And a cheap currency. Accordingly, European businesses consider the low dollar as a [...]
“If we’re only considering economic factors, the steep crude prices now being predicted would be unlikely to stick for any protracted period.” — Martin Hutchinson
by Martin Hutchinson
Baltimore – (TFN): Venezuelan President Hugo Chavez said a few months ago that if the United States invades Iran, we could expect to [...]
Tags: barrel, crude, euro, goldman sachs, gs, hugo chavez, iran, new york merchantile exchange, oil prices, united states, Venezuela
“All this would make you think Italy was a basket case, except for one fact.” — Martin Hutchinson
by Martin Hutchinson
Baltimore – (TFN): Italian elections have traditionally been confusing, with one weak center-left coalition government replacing another. But the election held on April 13-14 was unusual for Italy, as it produced a [...]
“No other asset class comes close to commodities over the last six years. Not stocks, not bonds, not real estate and not even most emerging markets. In fact, even during the worst credit crisis in the United States in 60 years, commodity benchmarks continue to hit new all-time highs [...]
Tags: commodities trading, copper, crude oil prices, dollar, energy, euro, gold bullion, grains, lead, natural gas, platinum, precious metals, raw materials, silver
Baltimore — (TFN): They may still be talking up the euro as a bastion of strength compared to the dollar. After all, everyone believes that Europe’s economic base is strong. After all, there are no “twin deficits”. Germany in particular likes to pride itself on being “Exportweltmeister” — export world champion.
But how’s it going considering [...]
“The range of euro bonds is quite wide, though they are all an expression of the same currency. The most expensive euro bond is the German, which yields 3.96 percent; the cheapest is the Greek, which yields 4.46 percent.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore – [...]