Has the correction started?

The gold price has dropped around $40 in recent days. The start of a temporary correction that is potentially significant? As they say, what goes up must come down. Is that now?

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Our research is read worldwide (literally)

Edin Mujagic, ECR Research's Monetary Economist has had one of his recent publications published in a few of the countries' national news that wouldn't be the first to come to mind.


Guatemala News
The New Times - Rwandas First Daily

Non-Traditional 'Pull Factors' Benefiting Swiss Franc

During the last two months of 2010, the Swiss franc (CHF) appreciated 4.5% against the U.S. dollar and 8.5% against the euro. Overall, the broader CHF index has risen approximately 7%. This strength is surprising as the CHF is generally considered a safe haven. Usually the Swiss currency gains when uncertainty and panic reign in financial markets and when asset prices are falling. As investors’ sentiment has become very bullish and asset prices are increasing, the CHF is therefore not supposed to strengthen.

Read more on Seeking Alpha


About the author:
Maarten Spek: Maarten Spek is a financial markets analyst specializing in interest-rate and currency developments within the G10 economies. He is co-author of ECR's publications on interest-rate and currency developments.

Periphery Countries on Safe Footing in Euro Area

Mention the words "euro area" and "periphery" and immediately almost everyone will associate that with troubles, strikes, indebted nations and rating downgrades, to name just a few flattering possibilities.

Read more on Seeking Alpha.

About the author:
Edin Mujagic is monetary and macro economist at ECR Research and Tilburg University. Specializes in monetary policy and the European Central Bank.

Commodity Prices Will Continue to Rise. Can World Economies Continue to Support That?

The upswing in resource prices continues. From a fundamental perspective this is no surprise. As the US, Japan, and Europe pursue an unremittingly loose monetary policy, credit supply to the “real” economy is more or less stagnant. Therefore a lot of capital is available for speculation.

Read more on Seeking Alpha.

About the author:
Maarten Spek is a financial markets analyst at ECR Research specializing in interest-rate and currency developments within the G10 economies.