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  • Riksbank Hikes & Keeps Hawkish Tone!

    In This Issue.

    * The dollar recovers some lost ground.

    * No change to QE plans.

    * Retail Sales are very strong!

    * Renminbi for rubles begins today!

    ...
  • Becoming Comfortably Numb...

    In This Issue.

    * Dollar rallies as risk is turned off...

    * Big Ben confuses the markets...

    * China and the renminbi...

    * Retail Sales surprise...

    ...
  • Chinese Data Lead Risk On Assault...

    In This Issue..

    * China moderates!

    * Risk On!

    * Scandis rally!

    * Gold fluctuates...

    ...
  • ‘For Much Longer’...

    In This Issue..

    * Aussie PM resigns!
    * Aussie mining tax is dead!
    * New Home Sales plummet 33%!
    * Fed is not so "cocky" any longer...

    Good day... And a Tub Thumpin' Thursday to you! It's Tub Thumpin' because of some good, no great news from Australia overnight! It certainly isn't because of the Housing data that printed yesterday! And the Fed isn't so 'cocky' about the economy suddenly... Hmmm... These things and more, as we explore our Tub Thumpin' Thursday, so let's go!

    Front and Center this morning, Julia Gillard became Australia's first female prime minister after Kevin Rudd stepped aside as leader of the governing Labor Party, paving the way for the government to drop a controversial new 40% levy on mining profits that has damaged its standing in voter polls.

    ...
  • All Eyes On Retail Sales...

    In This Issue..

    * Currencies rebound
    * Singapore's big announcement...
    * China's currency gets back on rally tracks...
    * BHI says to expect a rebound in sales...

    Good day... And a Terrific Tuesday to you! I'm feeling marginally better today, so I've got that going for me! You should have seen the currency screens lighting up yesterday... WOW! A lot of pent up trading from a Friday that saw thin volume due to the Holiday. This type of volume, even with a few countries still on Holiday too!

    The volume... Was all good for the currencies, as that bias to sell dollars I talked about really came shining through on the day. As I signed off yesterday, I told you that the euro had rallied since I had come in, and that rally took off in the early morning trading. The single unit climbed to near 1.34 before giving back ground in the afternoon....
  • A Retail Sales Surprise!

    * 623K new unemployment claims filed.. * G-7 begins today.. * Dealing from a position of strength.. * Valentine's Day tomorrow! ** A Retail Sales Surprise! Good day... And a Happy Friday to one and all! Front and center this morning, a Continental regional plane crashed near the Buffalo airport overnight, and all 48 on the plane were killed, along with 1 person in a home. Not Happy news for a Friday morning, for sure... Our thoughts should be with the familes of these people today... I want to say thank you to all who responded yesterday to me regarding my hissy fit I had yesterday morning regarding the minority objections to my opinions... The vote is in... It was a landslide in favor of me being me, and not what the few objectors want me to be. So, I will continue writing the Pfennig in the manner the majority expect... I don't want this to sound cold, but those that feel the need to send me nasty emails, could you please just unsubscribe instead?...
  • Fannie and Freddie Back In The News...

    * Strange trading days... * U.K. Retail Sales surprise.... * Norway's GDP prints strong! * A CDO lesson... ** Fannie and Freddie Back In The News... Good day... And a Tub Thumpin' Thursday to you! Don't know why... I just felt like it should be a Tub Thumpin' Thursday! I hit the wall yesterday, as I went home, and fell asleep at 3 o'clock, and didn't wake up till night time! Watched a few innings of my beloved Cardinals, wanted desperately to stay up and watch the May-Walsh beach volleyball game, but went right back to bed! So... I should be rested, eh? One would think so, but with the treatments I take, they just simply wipe me out! But... Hey! I always said that sleep was the greatest thing... I just get to enjoy more of it, right? OK... Another day of strange trading... As I signed off yesterday, the euro had given up it's previous day's gains, but found some terra firma at 1.47 and then rallied in the afternoon... If you guess right, as I have not done so this week, you can catch a great price to sell, and buy, all in the same day!...