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  • Optimism For Spanish Banks.

    In This Issue.

    * Spain's banks need 53 Billion euros.

    * China's manufacturing falls just short of 50

    * Krona the new franc?

    * ECB, BOE, BOJ meet this week.

    ...
  • Debt auctions in Spain and Italy to test the waters...

    * Spain and Italy to sell debt...

    * G20 finance leaders question QE efforts...

    * Signs in China turn positive...

    * Metals remain in a tight trading range...

    ...
  • Chinese Exports Holding Steady Eddie!

    In This Issue.

    * A late morning rush to sell euros.

    * Spain & Italy to auction debt tomorrow.

    * China's Trade Surplus narrows slightly.

    * The BOC's bunker mentality.

    ...
  • China To Buy Spanish Debt.

    In This Issue.

    * A Risk Off Day.

    * Except for euros and sterling.

    * Questioning China once again.

    * Social Networking our message to China.

    ...
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  • Retail Sales Disappoint! – 7/15/10

    In This Issue..

    * China's GDP moderates...
    * Spain has successful bond auction...
    * Fed's FOMC minutes disappoint...
    * euro returns to 1.28!

    Good day... And a Tub Thumpin' Thursday to you! It's July the 15th, so the month is already half-over... Unbelievable! Day 80-something with the Oil leak... I know the Russian scientists' claims about the Gulf sea bed being damaged are pretty scary and unfounded at this point, but, when the plans to put a cap on the well get delayed, you have to wonder a bit, eh?

    OK... No need to spend a day on that! Hey! The currencies are in rally mode again this morning, after a strong, but not a as strong GDP report from China last night. Chinese 2nd QTR GDP printed at 10.3%, which is quite a drop from the 11.9% they printed in the 1st QTR of this year... But, I've got two things to say about this......
  • Now It's Spain...

    In This Issue..

    * Euro drops 2-cents overnight...
    * All Risk is taken off the table today...
    * Geopolitical problems steady Gold...
    * The Budget Cuts just keep coming!

    Good day... And a Terrific Tuesday to you! Well, it was almost a "perfect ride" to work this morning, as I hit all the green lights until the very end! UGH! See, it doesn't take much to make me happy!

    The euro's green light ended last night too, as 'Now It's Spain' (NIS)... As I was packing up to go home yesterday afternoon, the euro had moved beyond 1.24, and I said, 'I wonder what's got the euro so perky this afternoon'... Well, that 'perky' feeling the euro had at that time was wiped out and more by fears that Spain's problems are now going to take center stage... Greece is an afterthought at this point, now it's Spain......
  • Gold Breaks Through!

    In This Issue..

    * Euro trades in tight range
    * Gold hits new all-time high...
    * Audit The Fed gets gutted...
    * Budget cuts all around, but not here!

    Good day... And a Wonderful Wednesday to you! Some wild storms ripped through our area overnight and left a mess! I had to change my route to work 2 times, due to road closures. But, just like the Pony Express... I made it here, and so the Pfennig will go out!

    Well... Yesterday was a change in the weather for the currencies, as we saw a very tight trading range with no wild swings up or down, which has been the routine for a month now. The euro traded in a range of 1.2675 to 1.2740, going back and forth all day... This morning, as I turn on the screens, the euro is at the bottom of that range....