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  • G-7 To Discuss Currencies?

    In This Issue..

    * The ball is in the dollar's court today...
    * Aussie is unable to hold 14-month high...
    * China and Eurozone print stronger PMI's
    * Chock-full-o-data today...

    Good day... Welcome to October! And a Tub Thumpin' Thursday to you! No real reason to get Tub Thumpin', but I thought why not? The non-dollar currencies have given back their gains made yesterday to the dollar, in a game of what seems to be, give and take... A tennis match with the dollar, one day the ball is in the dollar's court, and the next day it's not! Really, kind of giving me a rash, watching this... I want some direction here!

    So... When I turned on all my screens this morning, and then waited about 20 minutes for the new programs to be installed on them that the IT people left for the next time the computer started up... Hmmm, where was I? Oh! I was talking about when I first saw the currencies this morning... I saw that the euro had fallen back to 1.4560... And of course wanted to find out why...

    ...
  • When Will Foreigners say "No Mas"?

    * G-7 kisses up to China... * The dollar swings a mighty hammer... * Eastern European loans weigh on the euro... * Gold kicks tail and takes names later! ** When Will Foreigners say "No Mas"? Good day... And a Terrific Tuesday to you! I trust your weekend was grand. I was lucky enough to have a 3-day weekend, and brother did I need one! Rest was the order of the weekend! Of course Saturday was Valentine's Day... Here's a thought for all us men that were standing in line at the flower shop... We need a "Hallmark holiday" where our significant others buy us tickets to baseball games! HAHAHAHAHAHAHA! OK... Well, Friday ended on a sour note for the currencies, and while yesterday was a holiday here in the U.S. the currencies continued to sell off, with the dollar swinging a mighty hammer. G-7 said very little about currencies, left yen alone, and praised the Chinese for their continued move toward flexibility of the renminbi......
  • Talking Stimulus Deux

    * Pending Home Sales surprise! * Eurozone Retail Sales slump! * Tax cuts don't create jobs... * Failure to follow through for the A$ ** Talking Stimulus Deux... Good day... And a Wonderful Wednesday to you! Well... I'm here! The Orlando Money Show... And guess what? Looks like I brought that artic cold front that had hit St. Louis, all the way down to Orlando! It's cold here! UGH! Well, not "cold" like at home, but "cold" for here! OK... Front and center this morning, we had a stock rally yesterday after the Pending Home Sales data printed a surprise number. And since stocks and currencies have been trading together the past few days, (we talked at length about this yesterday) that meant a currency rally as well! But! Neither stocks or currencies could break on through to the other side, break on through, yeah! So... That left them vulnerable to profit taking, and that's exactly what we've seen with the currencies overnight. We'll have to wait a couple of hours to see how stocks open up......
  • Signaling The All Clear Horn?

    * Some explanation, please! * Retail Sales drop in the Eurozone... * Another Iceland note... * Carry Trades live another day......