A new bailout bill has been negotiated for Greece and a "Grexit" has been averted.
For now.
The European Central Bank meeting today (Thursday) stuck to the Eurozone's easy money script.
European Central Bank president Mario Draghi's commitment to super accommodative monetary policy in a sluggish Eurozone is certainly not the medicine Europe needs right now.
But it is has made some already enticing investment opportunities all the more attractive...
Start the conversation
Leave a Reply
The Eurozone quantitative easing announcement has come and gone.
There are a lot of headwinds on the road to QE-induced euro devaluation. But don't expect the current weakness in the euro to persist.
It's likely to bounce - soon. Here's how to play it for profits...
Make no mistake about the U.S. dollar's recent strength; the long-term health of the world's reserve currency is still as precarious as it ever was despite the recent pick-me-ups it's received in foreign exchange markets.
Here’s why the U.S. dollar is rising now – but won’t be forever…
Start the conversation
Leave a Reply
The news of rate cuts from the European Central Bank (ECB) is giving traders more reason to short the euro.
This looks like a further step toward large-scale quantitative easing in the Eurozone, and the euro is likely to see devaluation at the hands of inflationary cues from the ECB.
Here’s how you should play this currency…
Start the conversation
Leave a Reply
The news of rate cuts from the European Central Bank (ECB) is giving traders more reason to short the euro.
This looks like a further step toward large-scale quantitative easing in the Eurozone, and the euro is likely to see devaluation at the hands of inflationary cues from the ECB.
Here’s how you should play this currency…
The euro is readying for a substantial devaluation at the hands of oncoming monetary and fiscal stimulus.
But don't think the euro bears haven't already thought of that, as the currency has lost 5.3% since its peaks in May.
Here’s why the euro is worth a short, but also why you should wait before you dive in…
Shorting the yen has earned George Soros more than $1 billion in profits since November.
Now Soros has set his sights on the second-most-shorted currency in the world - the British pound.
And he may have company, as the Financial Times reports: Along with Soros Fund Management, Tudor Investment Corp., Caxton Associates and Moore Capital - some of the best global macro traders - "see similarities in UK's predicament to that of Japan" and are interested in shorting the pound.
This adds to worries about the pound, which has already fallen 5% this year. And with exports falling, productivity low, and gross domestic product shrinking last quarter, Britain's economic outlook is foggy at best.
"There could be a dramatic weakening of the pound this year," one of the world's top macro hedge fund managers, who declined to be named because he does not want his firm's positions becoming public, told the FT.
For Britain's sake, let's hope that weakening doesn't lead to another "Black Wednesday," Sept. 16, 1992 - the day George Soros "broke" the Bank of England.
Start the conversation