Search Results for: currency market
Most Asian currencies struggled for direction on Friday
August 21st, 2020
Most Asian currencies struggled for direction on Friday as the yuan pulled back after hitting a seven-month high against the U.S. dollar, while the Taiwan dollar strengthened on the back of better-than-expected export orders. The yuan often tends to ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Spotware Celebrates 10 Years of Fintech Innovation
August 17th, 2020
It has now been 10 years since Spotware, and soon after its flagship product – cTrader, have entered the market and became the epitome of Fintech innovation. 10 years of continuous growth, development and updates, a journey that began ...
Gold at $2k+. So why the fuss?
August 10th, 2020
There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on ...
Possibly largest ever bust of banknote counterfeiters in the history of the euro
August 5th, 2020
Law enforcement authorities from Italy, Belgium and France, supported by Europol, dismantled an organised crime network involved in euro counterfeiting. The criminal network dismantled in Italy produced 25% of all counterfeit euro banknotes in circulation On the action day ...
Dominant currencies and the limits of exchange rate flexibility
August 3rd, 2020
Faced with an unprecedented shock of collapsing global demand and commodity prices, capital outflows, major supply chain disruptions and a generalized drop in global trade, many emerging markets and developing economies’ (EMDEs) currencies have weakened sharply. Will these currency ...
The Eurozone’s financial disintegration
July 31st, 2020
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting ...
UPDATE: Sterling rose against a weaker euro but fell versus the dollar
July 30th, 2020
Sterling rose against a weaker euro but fell versus the dollar on Thursday after the $1.30 level reached late in the previous session did not hold, with Brexit and the economic fallout from coronavirus weighing on the currency. Global ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
Explaining the credit cycle
July 24th, 2020
This article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be properly understood as current economic conditions evolve. The reader is taken through three monetary ...
