Browse by Tags

A Loss Of Confidence In the U.S.?

In This Issue..

* Non-dollar currencies rally...
* Euros and Aussie dollars lead the pack...
* $1.42 Trillion Deficit for 2009!
* TIC's data gets ignored again!

Good day... And a Marvelous Monday to you! Another 'lost' weekend for our college and professional football teams! UGH! The sun finally came out this weekend. YAHOO! It felt so good to be in the sun again... The TICs data was something that needed to be dealt with on Friday, but once again the markets ignored it... I'm telling you, this smells like, walks like, and talks like a gag order... OK... Let's get going this Marvelous Monday!

The non-dollar currencies all drifted on Friday, with the dollar seeing a bit of buying... But that's all been thrown to the curb this morning, as the non-dollar currencies, for the most part, are in rally mode VS the dollar.

...

Published 10-19-2009 9:53 AM by Chuck Butler

Filed under: Australia, Currencies, Euro, Alan Greenspan, European Central Bank, TIC Flow, Bank of Canada, Budget Deficit

Central Banks Diversify Out Of The Dollar!

In This Issue..

* Currencies rally VS the dollar...
* Reasons why the U.S. wants a cheaper dollar...
* Interest rate differentials...
* Trade Deficit narrows...

Good day... And a Marvelous Monday to you! An absolutely awful weekend for our professional sports teams, as the Cardinals, Blues, and Rams all lost! The Cardinals were swept out of the playoffs! UGH! Talk about a downer for yours truly... I sat there, at the game, with my little buddy, and beautiful bride, and saw the writing on the wall early in the game... No life from those redbirds... And so, another baseball season comes to an end here in St. Louis...

Friday morning, after drying out from Thursday nights drenching, no wait, super soaking at Faurot Field in Columbia, I sat down to breakfast, and read the Pfennig... I noticed that Chris was on a roll about Geithner... I thought that it was a good finish to the things I said about him the previous day! Chris will have the conn on the Pfennig Tuesday through Friday this week......

Published 10-12-2009 9:42 AM by Chuck Butler

Filed under: Australia, Currencies, Trade Deficit, Dollar, Alan Greenspan, European Central Bank, Interest Rates, Norwegian Krone

He Said What?

In This Issue..

* Foreclosures rise...
* Green Shoots, no so green!
* getting on a bus...
* Losing a triple A rating?

Good day... And a Wonderful Wednesday to you! Not wanting to start the day off with bad news... But I just saw a flash on the TV that said, 'foreclosures jumped 32% last month'... More Blood in the Streets, eh? That just happens to be the title of my presentation today... Blood in the Street: Bargain time or just a cease fire? Hey! I don't make these things up...

OK... Another day here in Sin City... This city is packed with people, everywhere we go, it's simply amazing... There's been no sign of a recession here... Of course, if you got out of the casinos, and shows, you would see some of the greatest devastation any where in the housing market here... So.. It's not a seashells and balloons in Vegas... I guess with the economy so rotten, people are hoping to strike it rich in the casinos though... Hmmm, have they not figured out that these ginormous buildings are here to make money?...

Published 05-13-2009 10:58 AM by Chuck Butler

Filed under: Employment, Currencies, Recession, Alan Greenspan, Retail Sales, GDP, Foreclosures, Fannie Mae, TARP, Barack Obama, Import Prices

Chuck finally heads back home...

* Chuck's thoughts... * US housing still a drag... * Rate cuts push currencies lower... * Yen rallies and is joined by some odd partners... ** Chuck finally heads back home.. Good day...Another big move up by the dollar and the Japanese yen last night. Really just another repeat of what we have been seeing each day of this week, dollar down, gold down, and oil down. And with the stock market falling dramatically yesterday, all of us on the desk were searching for something that was actually up yesterday. Our bond trader, Don Reis let me know that muni bonds rallied dramatically, along with US treasuries. So I guess investors are just continuing to park funds into the US fixed income markets. Chuck is headed back home this afternoon, after spending the past two weeks traveling the country with FX University. I'm sure he will be happy to get to sleep in his own bed again tonight, and will catch up on his rest tomorrow. He sent me the following note to share with readers....

Published 10-23-2008 12:00 PM by Chuck Butler

Filed under: Currencies, Dollar, Gold, Home Sales, Alan Greenspan, Yen, Trichet, Home Prices, Foreclosures, Reserve Bank of New Zealand, Financial Crisis

On The Soapbox Again...

* Euro loses 1 1/2-cents... * Currencies get taken to the woodshed... * Bernanke joins Paulson, but why? * A China comment explanation......

Published 06-04-2008 8:24 AM by Chuck Butler

Filed under: Currencies, Dollar, Brazilian Real, Inflation, China, Euro, Ben Bernanke, Alan Greenspan, Henry Paulson

Record day in the currency markets...

* Several currencies go through record levels... * Bank of England cuts rates... * Yen and Singapore dollars move up... * Renminbi trades under 7......

Published 04-10-2008 11:18 AM by Chuck Butler

Filed under: Currencies, Dollar, British Pound, Alan Greenspan, Yen, Bank of England, Paul Volcker, Renminbi

Big Al Is Upset!

* Currencies rally a bit overnight... * U.K. data sends sterling lower... * Pooled precious metals... * Oil hits $109!...

Published 04-08-2008 9:42 AM by Chuck Butler

Filed under: Currencies, British Pound, Oil, Iceland, Alan Greenspan, Carry Trade, The Fed, Perth Mint, South Africa

Blog Subscription Form

Syndication

Recent Posts

Have You Seen This?

Tags

Archives