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 | Dec 8, 2025 | Analysis, Markets, Multi-currency
The last few weeks have been a mixed bag for Donald Trump. Ultimately, the elections brought success for the Democrats. His approval ratings for trade and economic policy are disastrous. Although the recent rise in inflation is not preventing Americans from consuming,...
by Gerhard Massenbauer | Oct 3, 2025 | Analysis, Markets, Multi-currency
Over the past few months, I have repeatedly emphasised that the rise of the USD against the euro over the past 15 years was caused by unsecured stock investments. Contrary to the frequent suggestion that foreigners have been withdrawing money from the US in recent...
