Still on an upward path at 1.2130 versus EUR, USD is strong on the effects of the expected $1.5 trillion Biden stimulus package. The yield on the US 10 year Treasury Bond has increased by 0.20% in the past month and now stands at 1.17%. US Equity markets on their highs.
The German economy shrunk by 5.0% in 2020 which is less than expected and considerably better than the -9% expected in both Italy and France. EUR has weakened versus GBP by 1.5% in the last week.
Expectations are that transaction volume will decline by 8% in 2021 but somewhat optimistically it is expected that prices will remain stable. Despite greater difficulty for buyers to obtain finance and a slower market, French property always has plenty of both actual and shy sellers which is the reason that sellers are expected to hold firm in 2021. Early signs are that the French rental market looks ok this year as le staycation is going to be the limit of most French peoples’ holiday plans.
Exactly 40 years ago today Phil Collins released his single, In the Air Tonight on 15-01-81 which is a long rather bitter scream of pain based on his then wife leaving him. Hardly a first but what made it different was that in the Top of the Pops film, he positioned a tin of paint and paintbrush on the piano in camera shot, thereby confirming for close Phil Collins watchers that his wife had indeed departed the marital home with their painter and decorator. History does not relate whether it was indeed that 80’s favourite, avocado. Here’s (some of) In the Air Tonight which sounded better than it looks below:
I can feel it coming in the air tonight, (Oh lord)
And I’ve been waiting for this moment, for all my life, (Oh lord)
Can you feel it coming in the air tonight, oh lord, (Oh lord)
Well, if you told me you were drowning
I would not lend a hand
I’ve seen your face before my friend
But I don’t know if you know who I am
Well, I was there and I saw what you did
I saw it with my own two eyes
So you can wipe off that grin, I know where you’ve been
It’s all been a pack of lies.
And I can feel it coming in the air tonight, (Oh lord)
Well I’ve been waiting for this moment for all my life, (Oh lord)
I can feel it coming in the air tonight, oh lord
Well I’ve been waiting for this moment for all my life oh Lord, (Oh Lord)
On a happier note: Have a great weekend!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – What is the Mar-a-Lago Accord, and should markets care?
Charles Porter
Tue 25 Mar 2025
What is the Mar-a-Lago Accord, and should markets care? At heart, the Mar-a-Lago Accord is a proposal for President Trump to weaken the US Dollar. As we know, Trump’s typical deregulatory and risk-inducing persuasion would, all other things equal, increase demand for the US Dollar. As far as the relationship between perceived risk and the […]
Daily Brief – Blinkers on
Charles Porter
Thu 20 Mar 2025
Blinkers on The Federal Reserve published its latest interest rate decision last night. As widely expected, it made no change to current benchmark rates. The Fed funds rate therefore remains within a restrictive 4.25-4.5% target band. The Fed did make some marginal changes to its balance sheet operations, tweaking some caps on treasury redemptions. But […]
Daily Brief – Where’s the Trump Put?
Charles Porter
Thu 13 Mar 2025
Where’s the Trump Put? On Tuesday Trump went some way towards remediating for his comments that appeared to show a disregard for a recession over the weekend. In a Fox News interview on Sunday the President declined to rule out the prospect of a recession, contributing to the stock market decline come Monday. For what […]
