With stocks, pound and the yen dominating the headlines in recent weeks, traders haven’t paid as much attention to what still is the world’s most heavily-traded forex pair: the euro/U.S. dollar (EUR/USD) currency pair.
The next big monetary and fiscal policy move should include an airdrop of "money from helicopters" to stimulate the U.S. economy and avoid an extended recession, says Bill Gross, a portfolio manager at Janus Capital Group Inc.
A respected reporter recently asked me what were a few important things I had learned from all this and all of that during the past decade and I surprised myself and perhaps him by answering that I now realized that younger generations – the Xers and Millenials – were far different generations from my own. “How so?” he asked.
There is firm support for a deposit rate cut within the European Central Bank's Governing Council but appetite for more radical action is still limited, conversations with policymakers indicate a month before the March rate decision.
In what future generations will likely see as a major, potentially catastrophic blunder of monetary policy, the West and particularly the City of London continues to hemorrhage huge volumes of gold which is flowing Eastwards to Singapore, India and China from London via Switzerland.
Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
Most European Central Bank policy makers judged that buying government debt was the only option big enough to fight the threat of deflation when they met last month, an official account of the debate shows.
Expectations were high heading into today’s European Central Bank meeting, but “Super Mario” Draghi was up to the task.

U.S. stocks advanced with the dollar, extending gains to a second day as the Federal Reserve signaled caution on rates even as growth shows signs of accelerating.

U.S. stocks climbed following the worst start to the year since 2008 on speculation Federal Reserve meeting minutes will confirm continued monetary support as the economy grows.