by Gerhard Massenbauer | May 11, 2026 | Analysis, General, Markets, Multi-currency
Peter Magyar’s decisive election victory is a sensation, even if the exact nature of the changes to Hungarian politics is unclear. The only thing that is clear is that the Orbán system has collapsed, despite the highest regulatory hurdles being in place. Magyar can...
by Gerhard Massenbauer | May 4, 2026 | Analysis, Markets, Multi-currency
The USD remains flat. In the editorial of Issue 8, I outlined a risk scenario that is becoming increasingly likely while the US continues to block the Strait of Hormuz unrestrainedly. This measure is tactically understandable, as it prevents the Tehran regime from...
by Gerhard Massenbauer | Apr 20, 2026 | Analysis, General, Markets, Multi-currency
The Names Given to the Measures Against Iran Are as Aggressive as They Are Straightforward In this issue, I would like to take a closer look at the state of the U.S. economy, examining debt, growth and inflation trends. I believe that examining these aspects in more...
by Gerhard Massenbauer | Apr 13, 2026 | Analysis, Markets, Multi-currency
The ‘surprise war’ launched by the US and Israel against Iran has not only caused stock markets to plummet in recent days — a 8% drop over two days is not even a particularly strong reaction — but has also effectively doubled the price of petrol....
by Gerhard Massenbauer | Apr 4, 2026 | Analysis, Markets, Multi-currency
I refer to short-term movements with low volatility as ‘noise’. In the case of EUR/USD, volatility is considered low when the currency pair’s movements remain within a range of ±3% of a reference value. At the start of the year, the EUR/USD exchange rate...
by Gerhard Massenbauer | Mar 6, 2026 | Analysis, General, Multi-currency
As expected, the Trump administration’s defeat has led to a tirade of abuse from the president and his entourage. This is as predictable as it is pathetic. The illegality of the tariffs is obvious. The Supreme Court had no option but to uphold the rulings of the...
