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  • A down day for the dollar...

    In This Issue..

    * Jobs disappoint...
    * Factory orders hold up...
    * Franc rises to record against euro...
    * Another feather in the hat for Canada...

    Good day and a Terrific Thursday to you...Its always nice to flip the calendar over to April each year, because in my book at least, this is the unofficial start of spring. We were greeted with a picture perfect day yesterday and today should be even better here in St. Louis. There's just a lot to be said about walking outside without a coat, seeing everything turning green, and hearing the birds chirp. Both Chuck and Chris and out today so I have the honor of bringing you today's Pfennig. Since I don't have any jokes to share with you on this April Fools Day, I'll get right to the meat and potatoes (which is probably a good thing since my joke telling abilities aren't exactly at par.)

    ...
  • US consumer confidence on the rise...

    In This Issue..

    * US consumer confidence on the rise...
    * Improved labor markets could bring higher US rates...
    * Norway has a good day...
    * Frank heads to Vancouver and begins his blog...

    Good day, the last day of March is finally here. March was a good month, but I like the sound of April as it brings us warmer weather and the opening day of the baseball season. While there was a lot of talk about the fall of the Euro during the past month, March actually turned out to be a good month for currency investors. The Euro was down slightly (.58% v.s the US$) but it was only one of 4 currencies which dropped vs. the dollar. The biggest loser in March was the Japanese yen, which was down 4.52%; but none of the other 4 currencies were down more than .6%. The top performers were the high yielders of the South African rand and Mexican Peso, both of which were over 3% higher vs. the US$ during past month. March was also a good month for the commodity based currencies of Canada, Australia, and New Zealand.

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  • Another Jobs Jamboree!

    In This Issue..

    * Currencies trade in a tight range... Again!
    * Continuing Claims rise...
    * Bank of England adds to QE! UGH!
    * Swiss franc posts 5 weeks of gains...

    Good day... And a Happy Friday to one and all! I'm going to go out on a limb and say it will be a Fantastico Friday! This has been a long week for yours truly, coming off a week of relaxation, and getting right back in the saddle... But... It's Friday... YAHOO!

    OK... There are a few things to discuss this morning, but none so important as the Jobs Jamboree that will happen in a couple of hours from now. I told you yesterday that the economists surveyed believe that the jobs lost number will make a big move downward from 476,000 in June to 325,000 in July... That's a HUGE jump folks! Ty Keough responded to that note in the Pfennig yesterday by saying, "That's because there are no more jobs to cut!" Now, that's one way of looking at it... We have to hope that it's not that, but instead be a reflection of jobs being added... Come on! We can hope!...
  • Back To Risk Aversion Again!

    In This Issue..

    * Earnings reports begin this week...
    * Dollar, yen, francs get bought...
    * Medvedev shows off new coin!
    * A busy week!

    Good day... And a Marvelous Monday to you! A Home Run Derby Monday to boot! I have no Idea what's going on this morning, as I just woke up, and it's very late in the morning! I was very careful to set my alarm last night, and I've never been one of those people that hit the snooze button when it goes off, but here I am, waking up late... UGH!

    So... I'm writing from home, and then I'll shoot in to work... We're short handed this week, so, I'm sure everyone will be arriving to the office, not see my car, and be a little ticked... So, I've got a surprise for them, something they've never seen... Me come in late!...