Browse by Tags

Daily Pfennig

Blog Subscription Form

  • Email Notifications


  • Bank of Canada Softens Tightening Bias.

    In This Issue.

    * Bias to buy dollars emerges.

    * China prints strong manufacturing index.

    * Eurozone manufacturing improves.

    * Back to selling yen.

  • Where's The Plan?

    In This Issue.

    * 4-day euro rally gets stopped this morning.

    * Eurozone Crisis meeting asks for an extension..

    * Chinese manufacturing rebounds this month!

    * Thoughts on Gold.

  • RBA Disappoints...

    In This Issue.

    * Eurozone Manufacturing rises...

    * Japan goes negative with rates!

    * A$ gets hammered after RBA decision...

    * Food prices are rising...

  • RBA Raises Rates Again!

    In This Issue..

    * Risk Aversion boosts dollar...
    * U.S. manufacturing is strong...
    * More stimulus? Please say it ain't so Joe!
    * Thoughts from the Big Boss!

    Good day... And a Terrific Tuesday to you! Well, I'm here! Just when you thought I would be gone for the week, and you would get away from my rants, and get the calm Chris Gaffney, the rug gets pulled out from you! I am so bummed! I was told that I could not travel to Cabo for the Sovereign Society's Offshore Advantage Conference, and I was to remain at home, with my leg up, blah, blah, blah... What a crock!

    OK, now that we've got that out of the way... Front and Center this morning, we have a very strong dollar rally going on... It began yesterday mid-morning, when things turned on one thin dime. First, we had the U.S. Manufacturing Index rise in September and the Trading Theme kicked in with the dollar getting sold on the good news for the economy... But then a strange thing happened on the way to the forum. Everyone began to fear what's been going on in Banking... Friday, the 115th bank failed this year, and suddenly, traders, investors, hedge fund dudes, and everyone else, got a case of the flu... Not the 'pandemic' H1N1 flu... This is the 'chicken flu'... Chicken to continue to takes risks in the face of a banking problems... Well, to think of it, maybe, just maybe, it's not the 'chicken flu' but the 'prudent flu'!...