Browse by Tags

Daily Pfennig

Blog Subscription Form

  • Email Notifications
    Go

Archives

  • Oil spikes up in global confidence.

    In This Issue..

    * Oil surges to a three month high...
    * Bernanke is confident US consumers will spend again...
    * RBA keeps rates on hold...
    * Silver outshines Gold...

    Good day... When you have been in this business as long as I have, certain patterns become apparent; and one of those patterns showed back up yesterday. In the 20+ years that I have been working with Chuck, it always seemed the currencies rally whenever Chuck spends a week or two away from the desk. We call it 'Chuck's vacation rally'. Yesterday we saw the dollar drop and the currencies bounce back up beginning what looks like another leg in the long term trend....
  • Confident investors move dollar lower...

    In This Issue..

    * Confident investors move dollar lower...
    * US consumers start spending again (is this really what we need?)...
    * Aussie dollar and kiwi move higher...
    * Gold and Silver move higher on the weaker dollar...

    Good day, and welcome to the last Monday of March. The countdown to Cardinal opening day has begun, which means Chuck will be heading back home shortly. Investors headed back into the currency markets Friday feeling more confident in the global recovery after US GDP for the 4th quarter of 2009 held at 5.6%. The combination of good US growth, a possible solution to the Greek debt crisis, and the passage of Obama's healthcare overhaul had investors almost giddy as they put money back to work in the markets....