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Posts Tagged ‘euro’

With luck and slight of hand, Draghi restarts quantitative easing at European Central Bank

If it had come to a formal vote, there's a good chance that European Central Bank President Mario Draghi would have faced defeat in his efforts to revive quantitative easing at the central bank. But the bank doesn't usually hold a formal vote on a issue like this and by luck administrative rules removed the […]

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The “other” central bank: Will the ECB restart quantitative easing on Thursday?

Will the European Central Bank revive its program of bond-buying when it meets on Thursday? The bank only ended this program of quantitative easing in December. The markets are currently pricing in a new program of 40 billion euros a month in bond purchases--plus a 0.1 percentage point reduction in the central bank's deposit rate […]

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The market wants to believe today–rallying ahead of the Fed?

As of 2 p.m. New York time U.S. stocks were higher on just about no meaningful news. To me it looks like the market wants to climb in the very near term--testing technical momentum to move to 2950 on the Standard & Poor's 500 and maybe beyond. The "reasons" being hauled out for today's gains--0.84% […]

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Boris Johnson loses working majority mid-speech to Parliament

It was the kind of session that only Parliament can produce: jeering, catcalls, and mid-speech by Prime Minister Boris Johnson the dramatic resignation of a Conservative member of Parliament who got up from his seat and walked over to join his new party the Liberal Democrats. It was a day when not much went right […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

... some things in the financial markets will be so similar to what they were before the Labor Day holiday that you might think you were never away at all. Not everything, though. Yes, the U.S.-China trade war will still be hanging fire. And the tariffs on $112 billion in Chinese imports that went into […]

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Lagarde to run European Central Bank in what I see as positive move for global growth

Christine Lagarde will move from heading the International Monetary Fund to take over the helm at the European Central Bank from outgoing President Mario Draghi. I think this is a generally positive piece of news. First, putting Lagarde in the chair means that Bundesbank President Jens Weidmann won't take over from Draghi. Weidmann has advocated […]

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Special Report: 10 Best Picks for the Last Six Months of 2019

This isn't  time for investing as usual. As whacky as the first half of 2019 has been--the Federal Reserve embraces interest rate cuts, the U.S. and China descend further into a trade war, the U.S. economy turns in better than 3% growth but fears for a slowdown in global growth in 2019 and for a U.S. recession in 2020 […]

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Selling Finland ETF out of Volatility Portfolio on U.S.-China knock-on effect

I will sell the iShares MSCI Finland ETF (EFNL) out of my Volatility Portfolio tomorrow. The EuroZone in general and the Finnish economy in particular is heavily dependent on exports and the slowdown in the global economy resulting from the U.S.-China trade war isn't good news for exporters in the region. That comes on top […]

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One consequence of the change in Fed policy likely to be a weaker dollar

A number of Wall Street and big international banks are forecasting a drop in the dollar as a result of the Fed's decision to back off on raising interest rates in 2019. Morgan Stanley, for example, says that the dollar has peaked and has forecast the yen climbing to 102 to the dollar and the […]

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European markets sink into bear today; I’m switching back to yen and selling the euro in my ETF Portfolio

Back on October 3 I switched from the  Invesco Currency Shares Japanese Yen ETF (FXY) to the Vanguard FTSE Developed Markets ETF (VEA) in an effort to get a little more performance out of this slot in my Perfect 5 ETF Portfolio. (This ETF invest in both Japan and Europe.) And for a little while […]

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