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  • More Stimulus?

    In This Issue..

    * Currencies rally on Friday...

    * And sell off today!

    * Jobs Jamboree is mixed news...

    * Aussies form new Gov't...

    ...
  • 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...

    ...
  • Jobs Jamboree Disappoints... AGAIN!

    In This Issue..

    * Currencies rally on Friday...

    * But show some slippage this morning...

    * FOMC week, will they announce more stimulus?

    * Norwegian krone is best monthly performer!

    And Now... Today's Pfennig!

    Good day... And a Marvelous Monday to you! Well... I'm Baaaaaacccckkkkk! What a great vacation! Any time I get to spend time with my family, is special... And to do when you're camping... Well, if you've ever done that with your family, you know what I'm talking about... And talk about being "away from the markets"...

    So... Yesterday, I got all caught up with what Chris had to say last week, and let me stop here to say a BIG Thank You to Chris, for taking the conn on the Pfennig last week... A great job as usual! Chris did leave me a few notes on the Friday happenings and that helped me get the "motor" started to write this morning!

    ...
  • 5.7% Growth In The U.S.?

    In This Issue..

    * Currencies get sold VS the dollar...
    * A Budget Deficit of 10.6% of GDP!
    * 4 Central Bank meetings this week...
    * A lost decade of employment...

    Good day... And a Marvelous Monday to you! In addition, welcome to February! The looooonnnnngggg month of January finally came to an end yesterday. We'll begin to see the daylight last a little longer each day in February, and that's a good thing! I've got trips to Orlando and Arizona this month, so that should break the month up, and hopefully it will be March before we know it!

    Well... According to the U.S. Gov't statistics, we have nothing to fear any longer with regards to our economy, inflation, deficit spending, interest rates, etc., for you see, the 4th QTR GDP had a preliminary print of +5.7%! It's all seashells and balloons for us now folks... That's what the cable news guys said, and that's what's all over the news wires... Forget about saving, go out and spend, everybody's doing it, they say! Just fork over those Gold coins, there's no reason to buy them any longer, for everything is fine here in the U.S.... There's nothing to see here, move along......
  • Roll call on the desk...

    In This Issue..

    * Roll call on the desk...
    * Markets believe US rates will move higher...
    * Loonie books a gain...
    * AUD$ backs off...

    Good day... The Pfennig inbox was filled with nice notes regarding the Christmas card we sent out yesterday. I want to thank Nicki Storm for taking the picture and creating the card and TJ Wolf for helping to get it sent out. Several of you asked for names to go with the faces, so I will list the names as we appear on the card. The great looking ladies from left to right are Jennifer McLean, Christine Peplow, and Kristin Kuchem. The men from left to right are as follows: Mike Meyer, Ty Keough, Aaron Stevenson, Tim Smith, Chuck Butler, Chris Gaffney, Don Ries, & John Kretchmar. Now you will be able to have a face to put with the voice on the other end of the line when calling the trading desk....