The euro was the story prior to the Fed on Wednesday, as the single currency
Category: euro
Lagarde, ECB Confront Double-Dip Recession As Europe Plunges Back Into Lockdown
While explaining France’s new coronavirus lockdowns, Emmanuel Macron was unequivocal in dispelling the notion that there
No Magical Solution
Daily coronavirus cases in Germany topped 20,000 for the first time since the onset of
A World Of Problems
Global risk sentiment deteriorated markedly on Thursday as virus fears, waning odds of a pre-election
Into Reverse
It’s not entirely clear “why”, but equities were reasonably well supported Wednesday, as Wall Street
Let Her Run: ECB Throws Caution To Wind With Laissez-Faire Approach To Surging Euro
Anyone who went into the September ECB meeting thinking Christine Lagarde would jawbone the euro
Christine Lagarde Confronts Deflation, Surging Currency At Virus Crossroads
Even as no formal policy changes were in the cards, it probably isn’t accurate to
Boiling And Launching
“If related enterprises are transferring technology abroad during trade, investment or technical cooperation that fall
Escape From America (European Vacation)
Over the past several months, the rally in the euro quite clearly suggested market participants
Thoughts, Prayers, And Precious Metals
Friday picked up where Thursday left off — with a spate of wildly bad macro
‘It Would Be Great If This Record Is Never Beaten’: Europe’s GDP Numbers Betray Epic Collapse
GDP readings out of Europe Friday betray eye-popping contractions that would have been unfathomable in
Europe Haunted By Jobless Recovery
At least the PMIs beat — is what the optimists can say on Friday, as
A Good Slippery Slope
“Sometimes a slippery slope is a good thing”, wrote former trader Richard Breslow on Tuesday.
Taboos Falling
After some 72 hours of needlessly fraught negotiations aimed at sealing a deal to launch
Crossing The Rubicon And Buying The Dips
A scan of the headlines on Friday reveals exactly what you’d expect. China doesn’t want
ECB Prays For Fiscal Help As Decision Nears On Europe’s €750 Billion Recovery Fund
The ECB kept everything unchanged at its July meeting, as European leaders attempt to hammer
ECB Adds €600 Billion To Pandemic QE Facility, Bringing Firepower To €1.35 Trillion
The bazooka gets larger.
Pause For Reset
It’s not surprising to see a bit of a regime flip, if only for a day.
From Europe To Japan To South Korea, Economic Gloom Is Pervasive
A reality check amid the equity market euphoria.
Bazookas Galore, Irrelevant Court Rulings, And What’s Next After Europe’s ‘Essential Day’
“We must go quickly and adopt this ambitious agreement”.
‘Largest Political Shift On The Continent In 30 Years’: €750 Billion EU Rescue Fund, Joint Debt To Become Reality
€500 billion will be in the form of grants.
‘Bearish Thoughts’ Will Be ‘Punished’
Onward and upward for risk.
In Europe, Light At Tunnel’s End Still Just Faint Glimmer
Williamson cautioned that a full recovery in Europe may “take several years”.
Caveat Emptor.
Of course, all the usual disclaimers apply.
Is ECB QE Illegal? Asking For Germany
“The Bundesbank may thus no longer participate…”
