Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
EU Meet Extends Over Recovery Plan, EUR Could…
Summary: The Dollar finished the week lower against its rivals in dull trading on Friday even as the total death toll in the US topped 140,000. Daily new cases continued to rise in 43 out…
EUCO Comment: No Hamilton Moment but a Great…
I have been following the EUCO meeting since it has started on Friday. Clearly, this is not Europe’s Hamilton moment, but this is a great telenovela! PM X. Bettel has just announced he is leaving…
Euro Area: An update on the Next Generation…
[caption id="attachment_366035" align="alignleft" width="300"] Next Generation EU package[/caption] Summary: This week, the EC is expected to table a compromise on the EU recovery fund, Next Generation EU, worth EUR 750 billion. It would constitute a major…
GBP/USD is Trading Mostly Flat but Shows Clear…
[caption id="attachment_368095" align="alignnone" width="684"] GBPUSD[/caption] GBP/USD: The pair is trading mostly flat but shows clear signs of dovish bias with price mostly range-bound in the lower half of 1.24 handle. Further decline is capped as…
Moderna Vaccine, Rolls Royce, Spotify, UK inflation, EU…
There is a more sombre tone going into Wednesday. Markets are digesting rather than building on the big gains made on Monday. Doubts cast over the Moderna vaccine trial results knock out one leg from…
Devil in the Detail: BVerfG, Coronabonds and EU…
This is a very busy week for the European Union. [caption id="attachment_366035" align="alignleft" width="300"] European-Union[/caption] Yesterday, the German Constitutional Court partly dismissed the ECB QE case. It confirmed there is no breach of monetary financing of…
Which EU Countries are Supporting Coronabonds?
[caption id="attachment_364269" align="alignleft" width="300"] EU countries support coronabonds[/caption] Summary: Tonight's Eurogroup meeting will discuss the technical aspects of coronabonds, amongst other things. Despite opposition from the Netherlands, it is likely that EU leaders will go ahead…
