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ECB

Goldman Sachs Forecasts Parity in Euro to Dollar As we approach the Federal Reserve’s meeting on whether or not to raise interest rates, a long list of banks are making their predictions about where the euro to dollar outlook is headed. Goldman Sachs, the smartest of the smart…

EUR/USD Exchange Rate Could Crash in 2016 The euro to dollar exchange rate has fallen quite a bit this year. On January 1, 2015, the EUR/USD exchange rate was at 1.2103. Today, the pair is trading at 1.0640. That’s a massive depreciation for the euro against the mighty…

EUR-USD Exchange Rate Could Hit Parity, Says Analyst The euro has lost at least 1.5% to the U.S. dollar, plummeting to 1.1168. The EUR-USD exchange rate dropped in response to news of the decision by the central bank to leave interest rates unchanged. Presumably, the ECB’s continued quantitative…

Foreign central banks have been withdrawing their gold from the Fed. According to the Federal Reserve’s most recent update, a whopping 224 tons of gold have been withdrawn from its vaults since the beginning of 2014. (Source: U.S. Federal Reserve, last accessed September 9, 2015.) Sure, gold hasn’t…

On Thursday September 3rd, the EUR-USD exchange rate plunged as much as 1.26% from 1.1233 to 1.1091. Why? The European Central Bank (ECB) just unveiled a revamp of its quantitative easing program. ECB president Mario Draghi said in Frankfurt that the Governing Council has now raised the purchase…

Just one day before the European Central Bank declared an expansion of their stimulus program, Marc Faber was on Bloomberg TV arguing that rogue central banking will cause an economic collapse. He argued that “easy money” policies are dangerously irresponsible, and investors should be wary of assets whose…

The NASDAQ opened higher on Thursday, July 16th, as investors cheered a Greek bailout approval and strong corporate earnings. European stocks climbed and bond yields fell on Thursday after the Greek’s parliament approved a proposed bailout plan. Eurozone stocks rose 1.5% to 3,676 points and Germany’s DAX rose…

On Monday June 22nd, Greece extended an olive branch to its European creditors by proposing structural reforms to its welfare state. European markets took a dive last week when negotiations stalled over how to best reform Greece’s pensions system. International Monetary Fund (IMF) negotiators, backed by the EU…

The most important instrument in the European Central Bank’s (ECB) crisis-fighting tool chest has been approved by the EU’s highest court, giving authorities the equipment they need to fight a potential financial crisis in Europe. On Tuesday, June 16th, in a precedent setting decision, the EU’s highest court…

Negotiations between Greece and its European creditors fell apart on Sunday as delegates came to an impasse over spending cuts. To fund the interest payments on its debt to the International Monetary Fund (IMF), Greece must find a resolution before June 30, 2015. The European Union (EU) ceased…

European Central Bank (ECB) President Mario Draghi said on Wednesday, June 3, 2015 in Frankfurt that the bank would maintain a steady policy and outlook through bond market volatility. He also said that the ECB is ready to provide more economic stimulus to ensure it meets its inflation…

On Tuesday, May 19, the euro fell almost one percent against the U.S. dollar. This was mainly due to a top-ranking executive at the European Central Bank (ECB) signaling that the central bank will increase the pace of its bond buying. (Source: Financial Times, May 19, 2015.) The…

Look at any newspaper or watch any financial news channel and you will hear someone saying the U.S. economy is growing. To prove their point, they will refer to gross domestic product (GDP) figures and unemployment data. Yes, the GDP numbers and the unemployment picture do look better,…

I’ve been singing the same song to my readers all year: look at dips in the price of gold bullion as an opportunity to buy more of the metal. When gold fell below $1,150-an-ounce in early November and so many analysts came out with the prediction of $1,100…

With nine months behind us this year, today we look at how two popular forms of investment have done in 2014 and where I think they are headed for the remainder of the year. Starting with stocks, the Dow Jones Industrial Average closed yesterday up 2.8% for the…

We are hearing more and more about interest rates getting ready to rise. The Federal Reserve itself has said it expects the federal funds rate to increase to 1.5% by the end of next year and to 2.25% by the end of 2016. Before the Fed came out…

In 2012, I predicted that if the Federal Reserve couldn’t get the economy growing again, it would take interest rates into the negative zone. Well, yesterday, the European Central Bank (ECB), the second-biggest central bank in the world, trumped the Fed and became the first major central bank…

When we asked our readers what they enjoy reading the most on Profit Confidential, less than 10% of them said they like to read about the eurozone. We understand it’s not a topic of interest with the majority of our readers, but I can’t stress enough that what’s…

From our recent reader survey, I see our readers are not that concerned about what happens in the eurozone. But there’s a phenomenon occurring there that I believe every investor who is interested in gold bullion should be aware of. Let me explain… It’s a known fact that…