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  • China Changes "May" To "Will".

    In This Issue.

    * China boosts risk assets.

    * Eurozone economy contracts.

    * Sweden to halt rate hike cycle.

    * Aussie bond yields attract buyers.

    ...
  • Stocks Still Retain Some Pull...

    In This Issue..

    * Profit taking supports the dollar...
    * India posts strong data...
    * Sweden's inflation is above target...
    * Bill Gross, and Puru Saxena on a Tuesday!

    Good day... And a Terrific Tuesday to you! We reached the freezing mark yesterday, YAHOO! The first time this year! OK... So, we've got that going for us, here in St. Louis! A HUGE story going around St. Louis, and the country for that matter, yesterday, regarding the admission by Mark McGwire of taking steroids... Has the town buzzing... What? They didn't already have that Idea before? Hmmm...

    Well, the euphoria around the risk assets of currencies and commodities got watered down as the day went on yesterday, and that continued throughout the overnight and morning sessions in Asia and Europe. The currencies and commodities haven't turned on a dime, they just stopped moving higher VS the dollar... Although, now that I've said that, the euro has dipped below 1.45......
  • A Currency Rally Takes Shape...

    In This Issue..

    * Currencies rally overnight...
    * A$'s rally for 7th consecutive month!
    * Will the ECB be vindicated?
    * Sweden tries negative deposit rates...

    Good day... And a happy Friday to one and all! So, yesterday didn't turn out the way I thought it would go, but that's OK... I think my body is trying to tell me something, as I overslept again this morning! I'm heading out the door this morning to go 'fishing'... Should be a ton of fun, with neighbor friends this weekend...

    Well, front and center this morning, we are smack dab in the middle of a currency rally VS the dollar. It has all the makings of such, as the Japanese yen is getting sold, along with the green/peachback. The improved economic data this week, finally caught up with the dollar, as risk assets are back on the table....