After a Reuters report surfaced that the European Central Bank is considering a two-tiered bank charges and hinted, yet again, at broader bond buying in the region, the euro / U.S. dollar currency pair slid further as certain volatilities across several currency pairs looked expensive, according to a research report from Barclays. ECB sending message to banks: put deposit money to work in economy sends currency moving Don’t park money in the European Central Bank, make it work in the economy. This is part of a message the ECB is sending constituent banks in the region, and this morning markets…
ECB Message On Two-Tier Capital Charges Helps Drive Currency Trends
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.