The Euro traded in narrow ranges during the European session on Tuesday with resistance on approach to the 1.0600 area and little in the way of fresh Euro-zone developments as concerns surrounding the French Presidential election eased slightly.
Friday night US Markets There was an element of the US stock market temporarily running out of oxygen at the heady heights that it had reached and looking for an excuse to take profits/sell. That excuse was provided in spades by POTUS who pronounced that he would implement much higher tariffs against China. That was […]
EU Expansion With expansion once again on the EU agenda this week and a report saying that more than half the population of the EU are keen to expand the bloc further, it is worth looking at the official candidates: Albania, Bosnia and Herzegovina, Moldova, North Macedonia, Serbia plus Turkey and Ukraine with Kosovo as a […]
FX Rates in 2035 Goldman Sachs yesterday published their long term forecasts for FX rates in 2035. Those forecasts are based on the “mean-reverting behaviour of real exchange rates adjusted for structural factors such as productivity growth and terms of trade”. Before getting too excited, it is worth pointing out that using that methodology is exactly how […]