Search Results for: SAFE
Gold prices retreated further on Thursday
September 3rd, 2020
Gold prices retreated further on Thursday, adding to its sharp drop in the previous session, after its safe-haven appeal was dented by a stronger U.S. dollar and an uptick in risk appetite following economic data that bettered expectations. Spot ...
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 ...
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 ...
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 ...
Europe Bails Out Its Failed States with “Common” (i.e., German) Bonds
July 22nd, 2020
The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually – its architects hoped – culminate ...
EU Commission published an evaluation report on the GDPR
July 13th, 2020
Just over two years after its entry into application, the European Commission published an evaluation report on the General Data Protection Regulation (GDPR). The report shows the GDPR has met most of its objectives, in particular by offering citizens ...
European stocks rose on Monday
July 13th, 2020
European stocks rose on Monday, as optimism surrounding second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key U.S. state of Florida. After edging up 0.4% last week, the Stoxx Europe 600 gained 0.6%. The German ...
Prices are going to rise — and fast!
July 7th, 2020
With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of ...
Dollar in narrow range as U.S. virus cases grow
July 3rd, 2020
The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The yuan was stable in offshore trade ...
