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  • China's Economy Turns The Corner.

    In This Issue.

    * Risk assets rebound on Fed statement.

    * RBNZ leaves rates unchanged.

    * As too does the Riksbank.

    * Gold rebounds, before NY Open.

    ...
  • A Full-On Risk Aversion Day

    In This Issue.

    * Risk assets healing is wiped out.

    * Euro and A$ lead currencies lower.

    * Gold can't find a bid.

    * Chinese renminbi takes baby steps lower.

    ...
  • Swinging A Mighty Hammer.

    In This Issue.

    * Risk Assets take a beating.

    * Gross and others call for QE3.

    * China to repeat 2008-2009?

    * Here we go again.

    ...
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  • Risk Aversion Sets In.

    In This Issue.

    * Another Risk Off Day.

    * Silver on the downside of its ascent.

    * BOE & ECB meet today.

    * China is doing it again.

    ...
  • China & Australia Team Up!

    In This Issue..

    * Risk is back ON!

    * Aussie GDP prints strong!

    * Home Prices rise in June...

    * Canadian GDP weakens...

    ...
  • Risk Off as US data disappoints…

    In This Issue..

    * Risk is back off on poor US data...
    * Euro pauses at $1.32...
    * China moves by Japan to become #2...
    * Gold moves close to $1,200...

    Good day...and welcome to Wednesday, or as we call it on the desk 'hump day'. Yesterday was another busy day on the desk, it seems like investors are finally figuring out that in spite of the uncertainty in the markets, there are still some good opportunities. But while the flow of trades increased yesterday, the currency markets took a breather from their torrid pace on Monday.

    What movement did occur yesterday was mainly due to a plethora of data releases in the US which mostly disappointed. Personal income and spending in the US were both reported unchanged for the month of June, and May's numbers were revised slightly lower. And while US consumers were feeling the pinch, prices rose a bit more than expected with the PCE Deflator moving 1.4% higher vs. an expected 1.3% increase. So it was no surprise when the ABC Consumer Confidence number came in at -50, again worse than what was expected....
  • Gold Falls Below $1,200...

    In This Issue..

    * A Risk Off day...
    * Currencies rally on Tuesday...
    * Chinese bank has strong IPO...
    * Kicking the can down the street...

    Good day... And a Wonderful Wednesday to you! It was a Terrific Tuesday for the currencies VS the dollar, it was not a Terrific Tuesday for Gold, and the Cardinals!

    Front and Center this morning, Gold is retreating again today and has fallen well below $1,200... Here's the skinny... Yesterday, it was announced that China's Agricultural Bank of China reported a very successful public offering, raising more than $22 Billion. Now, what does this have to do with a Gold sell off I hear you saying? Ahhh grasshopper... Come, sit, let's discuss...

    Basically, it's like this... If a Chinese Bank can pull off a very successful IPO without breaking a sweat, then the daggers can be put away on a global risks, and that could be seen in the performance of equities all across the board yesterday....
  • Risk Returns This Week...

    In This Issue..

    * Risk assets remain well bid overnight...
    * RBA Gov. Stevens talks hawkish about rates...
    * China reduces Treasury purchases for 5th straight month...
    * Brazil outperforms its BRIC colleagues!

    Good day... And a Wonderful Wednesday to you! WOW! Thanks so much for all the kind words sent along regarding the jazz bank performance... That sure is nice to know of all the very kind people / readers out there! Of course, I already knew that 3 years ago, when it was announced that I had cancer...

    OK... Front and Center this morning, we saw quite the rally in risk assets yesterday, all day, and all night! It was like the sea parted, the stars aligned, and the karma began to flow... The global economic recoveries came back into the thoughts of traders and investors, and the fears of Greece waned... It was as if none of the 'sky if falling' theatrics had gone on the past month!...