Being told what to do and how to operate by unelected and faceless Eurocrats would be enough for me to vote for a Brexit.
Right now the UK pound is weaker because of fears of an exit. If you’re prepared to bet they stay, you’d go long the pound.
Is George Soros gunning for the pound again? Maybe. Or, maybe he’s going for a proverbial bigger fish — the euro.
Selling fewer phones, making lower profits…none of that is good. Not for Apple. Not for technology stocks. Not for growth stocks.
The European Central Bank (ECB) decided to cut rates from 0.05% to 0% on Thursday. The ECB will also increase their monthly asset purchasing to €80 billion.
How will central banks stop the recession when they’ve used up their dry powder fighting the currency wars?
On 14th January this year, one of the biggest ‘battles’ in the long running worldwide currency wars broke out. It took most investors by surprise.
The euro plunged from US$1.13 on Wednesday 3 June, before the jobs report, to US$1.11 on the day of the jobs report.
Greece isn’t a concern and markets remain in a post European QE glow. But if Syzria pushes ahead with its plans to reduce Greece’s debt load, expect volatility to increase.