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  • The weekly jobs numbers give a boost to the US$...

    In This Issue.

    * Weekly jobs data bolsters the US$...

    * EU policy makers switch focus to growth...

    * Metals selling is mainly based in the ETFs...

    * A nod to my favorite Irishman...

    ...
    Filed under: , , ,
  • Where's The Gold?

    In This Issue.

    * Is Risk On/ Risk Off Trading fading away?

    * Dollar is initially sold, but rebounds in NY trading..

    * Italy announces they will meet the EU debt limit!

    * Gold posts three-day rally.

    ...
    Filed under: , , ,
  • EU Summit Is Non-Event!

    In This Issue.

    * Blood in the streets for risk assets.

    * Currencies try to rebound today.

    * Thoughts from Ted Butler.

    * Treasury yields do go lower.

    ...
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  • Weekly claims fall 5k but are actually up 11k in the past two weeks...

    In This Issue.

    * Weekly jobs claims drop 5k, or did they???

    * EU finance ministers will double bailout fund...

    * Positive mood lifts commodity currencies...

    * End of an era - Paradox RIP...

    ...
  • Confidence in the EU helps rally the markets ...

    In This Issue.

    * Confidence in the EU gives the markets a boost...

    * Fitch gives Australia an upgrade...

    * US outlook is unanimously negative...

    * Commodity currencies are big winners...

    ...
    Filed under: , , ,
  • Papandreou Steps Down.

    In This Issue.

    * EU leaders go where they haven't gone before.

    * Greece forms a new Government.

    * SNB threatens to weaken franc again.

    * Italy & Berlusconi back in the news.

    ...
  • A Jobs Jamboree Friday!

    In This Issue.

    * Euro sells of nearly 2-cents!

    * most over currencies range trade.

    * China & Gold.

    * EU Summit today.

    ...
    Filed under: , , , ,
  • Details of Greek aid package boosts the euro...

    In This Issue..

    * Details of Greek aid package boosts the euro...
    * Officially the US recession is still not over...
    * Commodity currencies take a breather...
    * Polish zloty holds steady after tragedy...

    Good day, and welcome to another week. It is a holiday here in St. Louis, as it is the home opener for Cardinal nation. Looks like the fans will have an absolutely perfect day for the celebration, with sunny skies and temps in the upper 70's. Opening day truly is a local holiday, and a big number of workers will be calling in sick in order to go downtown to enjoy the festivities. Let's hope the Cardinals can bring the home crowd a winner!

    The EU gave the euro a big boost over the weekend as they announced the details of a $61 billion aid package for Greece. The announcement of the details calmed the markets and sent the euro shooting up close to $1.37 for the first time since mid March. The plan was hammered out back on March 25th, but details of how the aid package would be structured were not revealed, causing many to question it. Now that the details have been revealed, traders reversed some of their short positions and the euro has recovered....
  • US data fails to move the markets...

    In This Issue..

    * US data fails to move the markets...
    * EU split on Greek bailout...
    * Rogers is a seller of pounds...
    * Goldman says the renminbi is fairly valued...

    Good day... It is Friday and the end of what seems like a long week for yours truly. While I have enjoyed my time in Florida, I look forward to be able to sit down at my desk to write Monday morning instead of dealing with intermittent access to the internet and a slight lack of market information. You can get the data just fine on the road, but you miss out on the 'feel' of the markets when you aren't on the desk.

    But luckily for me, economic data is what ruled the markets yesterday. We had a plethora of data released in the US, but the markets seemed to be focused on the release of CPI and the weekly jobs numbers. CPI led off Thursday morning's data showing prices in the US were unchanged for the month in February from the .2% gains we saw at the start of the year. The core number was up .1% offsetting a .1% dip in January. The YOY (year on year)number showed a drop in the inflation rate to 2.2% from 2.7%. We all know how manipulated this data is, and our friends over at ShadowStats reported the non-seasonally adjusted number was actually just over 5%, which is certainly more realistic. But while this number is higher than the 'official' number, it showed a similar decline; diffusing a rumor which swirled around the markets yesterday afternoon.

    ...