From JR Crooks: Spain continues to suffer under its crushing debt load. Meanwhile, one of its autonomous provinces wants to declare its fiscal independence as soon as this Sunday, Oct. 1.
From Mike Burnick: The euro has enjoyed a nice rally in 2017, up recently almost 3.7% for the year.
From Boris Schlossberg: To understand just how political currency markets have become, one needs to only look at the euro. Indeed, the currency is enjoying some of the best economic growth in years, yet remains mired within a few pennies of multi-decade lows.
From Larry Edelson: There is no question Europe has been struggling. In fact, the eurozone’s growth over the past year reached a paltry 1.6%. What’s even more depressing is that this number is twice the average growth rate from the previous ten years.
From Taki Tsaklanos: We covered the US dollar extensively in recent weeks. We said we are bullish on the dollar. In fact, we thought the dollar had the best chart setup of most assets after the Fed’s rate hike in December. We also explained why the US dollar long term chart is bullish.
Analyst Paul Weisbruch brings to light some unusual options activity in a currency ETF that’s likely linked to the highly important Italian referendum vote set to take place this weekend.
According to the Wall Street Journal, Greece staying in the eurozone is no longer “the base case” for European officials, and one even told the Journal that “literally nothing has been achieved” in negotiations
The Silver Bug: Bond yields in Europe continue to collapse. This comes amidst a massive QE program that the European Union began last Monday, in which they began repurchasing sovereign bonds in an attempt to boost inflation throughout the EU and to foster growth.
Tyler Durden: Closing out another whirlwind week, which has seen the biggest S&P 500 intraday plunge and surge in months, futures are taking a breath (if not so much the Nikkei which closed over 19,000 for the first time since 2000 – one wonders
Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek,