Parity. We hear and read about parity almost everywhere, especially when you talk to an analyst or read a report with this year´s EUR/USD forecasts. Analyst after analyst predicts or prepares for a scenario in which the EUR/USD exchange rate drops to 1.00 or even lower over the course of the year. And the analysts that have a different outlook, expect the EUR/USD to remain at more or less the same level. Forecasts of a rising EUR/USD exchange rate are rare.... »
The Dollar Might Surprise in 2017
January 25 2017
And the Winner Is… Donald Trump
November 17 2016
A careful thought experiment about the question what his presidency could mean for the gold price.
... »"Sustained Convergence": The Most Important Words from Frankfurt for 2016
October 31 2016
The ECB-meeting last Thursday was all but exciting, perhaps even flat out boring. That is more or less the sentiment of most pundits about the ECB-meeting of last week. In my opinion, this prevailing sentiment does no justice to the meeting. And I argue that this is the case because of just two
... »What the Fed Does not Say, Is More Important Than What It Does Say
May 10 2016
0.25 percent. That is where the official rate stood before the April-meeting and that is exactly where it stands now, two weeks after the meeting. When you carefully read the Fed’s press release of the April-meeting, you can almost see the Fed struggle. What do I mean?
... »