by Gerhard Massenbauer | Feb 6, 2026 | Analysis, General, Markets, Multi-currency
Fourteen months ago, I anticipated a rise in Asian currencies and expected this to fuel a recovery, which would in turn fuel further growth. As far as the CNY was concerned, this expectation was essentially realised in 2024, but was completely reversed in anticipation...
by Gerhard Massenbauer | Feb 2, 2026 | Analysis, General, Multi-currency
2026 Got off to a Turbulent Start – With Consequences If further confirmation were needed that the US cannot recognise partners, but only submissive vassal states, then the demand for Greenland’s handover was a rude awakening. It is striking how harshly Trump...
by Gerhard Massenbauer | Jan 27, 2026 | Analysis, General, Multi-currency
Greater Pressure on Europe Over Greenland Will Lead to Increased Volatility Until 2016, I would have considered it impossible if someone had told me that the US would want to acquire European territory and was prepared to exert massive economic pressure to do so. With...
by Gerhard Massenbauer | Jan 22, 2026 | Analysis, Markets, Multi-currency
In light of the events at the beginning of the year, the limited reaction of the stock markets and exchange rates is surprising. The idea that aggressive actions are being taken but remain within a narrowly limited framework has become established. This no longer...
by Gerhard Massenbauer | Jan 19, 2026 | Analysis, General, Markets, Multi-currency
Donald Trump has now completely undermined the Nobel Peace Prize, making it clear that the US no longer cares about the order it has spent the last 70 years building up. The pursuit of power and the securing of spheres of influence and raw materials are giving way to...
by Gerhard Massenbauer | Jan 15, 2026 | Analysis, Markets, Multi-currency
There has been little outrage in Latin America. Although Brazil and Mexico have lodged official protests, they have essentially remained calm. While it is inconceivable that the US could implement such a measure across the board, it cannot be ruled out that it could...
