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Weak Euro and Strong Dollar

After several weeks of consolidation (basically since the last FOMC meeting on 18th March), it appears that the previous trends of broad weakness in the Euro and broad strength in the US Dollar are re-establishing themselves. It is not entirely clear exactly what was the trigger, however, price action has been pretty convincing with the Euro suffering its worst week against the Dollar since the summer of 2012...

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Stagnation for the Euro Zone

There is no pick-up in activity to save what were again misplaced expectations of stronger economic activity. In this respect, 2014 is very similar to 2013 or 2012. The year starts with forecast growth rates for corporate earnings approaching mid teens, though current macroeconomic situation and leading indicators do not allow to entertain such hopes. At mid point into the year...

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It Might Not Be All That Bad

The realisation that the Euro zone economy had come to a standstill and was on the cusp of deflation*, combined with an underwhelming reporting season and the end of QE in the US looming on the horizon**, was behind this summer's correction. However, since 2009 each time things have started to look bad, investors have put their faith in central bankers to bail them out. So, two weeks...

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Mario Draghi's Lost Patience Signals a Weak Euro

Mario Draghi dropped a bombshell in the Q&A part of this week’s ECB press conference. Taken at face value, he has clearly lost patience with the strong Euro and signalled his intent on weakening the currency. To wit, via Ambrose Evans-Pritchard of The Telegraph: “The strengthening of the Euro in the context of low inflation and still low levels of economic activity is a serious concern...

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About Us

Shorex is a specialist media group for the wealth management industry and the high-end luxury market. Our purpose is to provide our partners, delegates and visitors with an effective networking platform where they can forge productive relationships and come away with strong ideas... read more