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  • It's A Risk Off Friday...

    In This Issue..

    * It's a Risk Off day!

    * Commodity Currencies get rocked...

    * Audit the Fed Bill moves along...

    * Just keep spending money we don't have!

    Good day... And a Happy Friday to one and all! A Fantastico Friday in my books, as the people at the Retina Institute told me yesterday that the fluid on my eye was drying up, and almost completely gone. I told them I had not noticed any improvement in vision, and they said, 'at least it hasn't gotten worse!' And for that, I am quite thankful! So... With that news, I head into today, and believe it to be a Fantastico Friday!

    Well... In my hours on hours of waiting for the next person to look at my eye yesterday, (I think it was "train the eye doctor day" on Chuck's eye) I kept checking the currencies, and noticed that as the day went on, the non-dollar currencies were stronger, led by the Big Dog, euro... But then late last night, and I mean late last night, I checked them, and those gains had been wiped out...

    ...
  • Chuck finally heads back home...

    * Chuck's thoughts... * US housing still a drag... * Rate cuts push currencies lower... * Yen rallies and is joined by some odd partners... ** Chuck finally heads back home.. Good day...Another big move up by the dollar and the Japanese yen last night. Really just another repeat of what we have been seeing each day of this week, dollar down, gold down, and oil down. And with the stock market falling dramatically yesterday, all of us on the desk were searching for something that was actually up yesterday. Our bond trader, Don Reis let me know that muni bonds rallied dramatically, along with US treasuries. So I guess investors are just continuing to park funds into the US fixed income markets. Chuck is headed back home this afternoon, after spending the past two weeks traveling the country with FX University. I'm sure he will be happy to get to sleep in his own bed again tonight, and will catch up on his rest tomorrow. He sent me the following note to share with readers....
  • More Dollar Strength!

    * Trichet's words sink the euro rally... * A New Conspiracy theory... * Japanese yen continues to rally! * An Announcement... ** More Dollar Strength! Good day... And a Happy Friday to one and all! It has not started out as a Fantastico Friday, just a Fun Friday... No wait! Just because the dollar is running around the end with the ball, and the currencies can't catch up with the greenback, is no reason to allow it to filter through to my feelings about each and every day! That's right! I'm feeling like there's a ton of weight on my shoulders right now, with this dollar strength, and everyone jumping ship... But, I promised myself over a year ago that if I was able to fight cancer and come out on top, that I would celebrate each day... And that's what I try to do! So... I'll make it a Fantastico Friday after all! The euro's two-day rally VS the dollar got stuffed in a box and shipped to sea yesterday. The single unit looked as though it would add to the rally that took it above 1.45 but as I was signing off yesterday the euro was giving back its gains VS the dollar... And soon, it would give back more than the two-day rally's gains....