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20/05/2017


The euro gained territory against the US dollar last week. The exchange rate ended the week knocking the 1.12 door.
Sterling completed the 38.20% retracement objective against the US dollar of the Brexit losses at 1.3055. The 50.00% retracement is found at 1.3430, though before it, the 1.33 level will likely offer strong resistance.
The yen reversed polarity against the US dollar. It resumed trending lower following the spark movement initiated by lower than expected retail sales and CPI figu…
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George Soros champions Eurobonds

George Soros is out with his latest commentary. He believes Germany must champion a plan to convert all outstanding European debt into Eurobonds.
Failure to seize this moment would, I believe, lead to the disintegration and eventual collapse of the European Union.
Of course, many countries have lived through nightmares and survived. But the EU is not a country; it is an incomplete association of sovereign states that will not survive a decade or more of stagnation.
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mag 8 Oct.

I agree

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George Soros shorted the British pound and made $1 billion

George Soros shorted the British pound and made $1 billion.Back in the 90s when Britain was thriving, not only did George Soros short the pound, he borrowed heavily to do so. This was when pound was being traded on a fixed exchange rate.Soon after Soros's short bet, the British government realized that it would loose billions if it continued to artificially prop up the pound. They withdrew from the European Exchange Rate Mechanism, and the pound plummeted.This short bet bagged Soros at least $1 …
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