August 2010 - Daily Pfennig

A free, quick-reading daily e-letter on world currencies, economic trends, and the occasional baseball score.

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Risk Aversion Returns!

In This Issue..

* Spending outpaces Income...

* Risk assets get sold after Spending report...

* Aussie data is strong...

* Canada's Current Account Deficit Widens...
...

Published 08-31-2010 9:56 AM by Chuck Butler

Filed under: Unemployment, GDP, Germany, FOMC, Risk, currency, aussie, commodity, rate, Assets, Spending, Personal Spending, Income
2nd QTR GDP Really Disappoints!

In This Issue..
* A flat trading day in currencies...
* Bullard says that Fed needs to be "disciplined."
* After 15 years, Japan is still "stimulating the economy"
* Treasury yields rise... Is it a sign?
...

Published 08-30-2010 10:34 AM by Chuck Butler

Filed under: Currencies, Recession, Ben Bernanke, Unemployment, GDP, FOMC, Treasury, commodity, trading, Fed, Monetary Policy, Ben
2nd QTR GDP Today...

In This Issue..
* A flat trading day in currencies...
* 473,000 newly unemployed last week...
* Kan ready to take "bold action"...
* Ludwig von Mises on a Friday!
...

Published 08-27-2010 10:14 AM by Chuck Butler

Filed under: Currencies, Dollar, Oil, Recession, Gold, Euro, Unemployment, Economy, GDP, Eurozone, FOMC, Fundamentals, Recovery, Jobless Claims, bond, finance
New Home Sales Plunge!

In This Issue..
* More bad data in the U.S. weighs on dollar...
* Who are you going to believe?
* Gold & Silver rebound nicely on bad U.S. data...
* No follow through on Japanese jawboning...
...

Published 08-26-2010 10:46 AM by Chuck Butler

Filed under: Dollar, Recession, Silver, Gold, Home Sales, Unemployment, Eurozone, Quantitative Easing, Credit Rating, Roubini, double-dip, Bernanke
Existing Home Sales Plunge!

In This Issue..
* Bad U.S. data stops the dollar rally...
* German Business Confidence remains strong...
* Japan's Fin. Min. begins to jawbone...
* Canada's Retain Sales gain, but is it enough?
...

Published 08-25-2010 10:25 AM by Chuck Butler

Filed under: Currencies, Dollar, Euro, Unemployment, Economy, Exports, Housing, plunge, Existing Home Sales, trade
Shifting Focus...

In This Issue..
* The dollar rallies again...
* German economic data is strong!
* Canadian Retail Sales this morning...
* Chuck's thoughts on the shift...
...

Published 08-24-2010 10:26 AM by Chuck Butler

Filed under: Currencies, Dollar, Gold, Retail Sales, GDP, Eurozone, canadian, German, Federal Reserve, Cartel
Catching A Cold...

In This Issue..
* Eurozone deficits again...
* Eurozone Manufacturing dips...
* Aussie election is up in the air...
* Bailing on a C$ rate hike?
...

Published 08-23-2010 10:40 AM by Chuck Butler

Filed under: Currencies, Dollar, Gold, Economy, Eurozone, Bank of Japan, Debt, bank, deficits, investing, crisis, GM, election
US Jobless claims hit 500,000 ...

In This Issue..
* Jobless claims hit 500,000...
* Weber sends the euro to the woodshed...
* US leads in Deficit/GDP...
* High yielders come under pressure...
...

Published 08-20-2010 10:18 AM by Chuck Butler

Filed under: Euro, Unemployment, Economy, GDP, Jobs, Deficit, Recovery, Jobless Claims, Fed
13% increase in mortgage applications, but no help for housing.. .

In This Issue..
* Double digit increase in mortgage apps, but no impact on housing...
* Euro is in a rut...
* Pound surges higher...
* Japan complains about weaker currencies...
...

Published 08-19-2010 10:03 AM by Chuck Butler

Filed under: Employment, Currencies, Euro, Japan, Eurozone, Everbank, Housing, Pound, Recovery, rate, mortgage, US Dollar, Jobless, weak, budesbank
Mixed data in the US keeps the $ in a tight range ...

In This Issue..
* Mixed US data keeps the $ in a tight range...
* Sovereign debt worries ease a bit...
* Will Japan intervene?...
* Gold attracts some big buyers...
And Now... Today's Pfennig!
...

Published 08-18-2010 11:04 AM by Chuck Butler

Filed under: Inflation, Gold, Euro, FOMC, Industrial Production, Debt, investment, precious metals, Sovereign debt, financial
China Reduces Treasury Holdings...

In This Issue..

* TIC data shows negative flows...

* Risk is On today...

* A$ recovers again!

* German ZEW is disappointing...
...

Published 08-17-2010 10:49 AM by Chuck Butler

Filed under: Currencies, Silver, Gold, Euro, Risk, Treasury, ZEW, Aussie Dollar, Canadian Dollar, investment
China Is Number 2!

In This Issue..

* Retail Sales Are Soft...

* TIC data today...

* A$ hangs on to 89...

* Gold adds another $6...

And Now... Today's Pfennig!
...

Published 08-16-2010 10:50 AM by Chuck Butler

Filed under: Dollar, Bonds, Oil, China, Gold, Unemployment, Retail Sales, Economy, GDP, Jobs, FOMC, CFTC, Treasuries, TIC, rate, automobile market
German GDP Surges Higher!

In This Issue..

* Germany powers Eurozone growth...

* Retail Sales today...

* NZ Retail Sales surge!

* Gold rallies $16!

...

Published 08-13-2010 11:00 AM by Chuck Butler

Filed under: Gold, Unemployment, Retail Sales, Economy, GDP, Eurozone, Swiss National Bank, Exports, Jobless Claims, German
The Flight To Safety Returns...

In This Issue..

* Dollar, yen, francs & Gold rally...

* Yen hits 15-year high VS dollar...

* Will the BOJ intervene?

* Aussie job data gets revised down...

And Now... Today's Pfennig!
...

Published 08-12-2010 10:50 AM by Chuck Butler

Filed under: Gold, Euro, Yen, Eurozone, FOMC, Deficit, Everbank, Housing, currency, aussie, daily, Export, BOJ, foreclosure, trading, francs
QE Light...

EverBank World Markets A Pfennig For Your Thoughts Wednesday, August 11, 2010 ........But first a word from our sponsor....... Hello currency trading. So long market risk. Discover the latest MarketSafe® CD from EverBank. It was created to help shield...

Published 08-11-2010 9:41 AM by Chuck Butler

Filed under: Everbank, Chuck Butler, Daily Pfenning

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August 2010 - Daily Pfennig

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Syndication

Have You Seen This?

Recent Posts

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Archives

Risk Aversion Returns!

2nd QTR GDP Really Disappoints!

2nd QTR GDP Today...

New Home Sales Plunge!

Existing Home Sales Plunge!

Shifting Focus...

Catching A Cold...

US Jobless claims hit 500,000 ...

13% increase in mortgage applications, but no help for housing.. .

Mixed data in the US keeps the $ in a tight range ...

China Reduces Treasury Holdings...

China Is Number 2!

German GDP Surges Higher!

The Flight To Safety Returns...

QE Light...