Lately, I had a sensation that the European Central Bank (ECB) is trying to disguise and deny at any cost the fact that the Eurozone economy is in pretty good shape.

Board members of the central bank often begin their conferences or interviews by acknowledging that things are getting better, but they almost immediately follow up with a comment that slower growth is a real possibility. We can also observe this unnatural pessimism when they speak about future monetary policy. They often repeat

President Donald Trump is not wasting any time: the negative trade deficit is public enemy number one. Not only did Trump show that he means business by declaring war on the Mexicans as he threatened to impose an import tax on Mexican goods, the same fate awaited China and later Germany: all countries that currently have a positive trade balance. Trump blames the negative trade balance for the disappearance of American manufacturing jobs. Why is Trump completely wrong? And what are the... »

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.... »