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  • US Dollar drifts, waiting for direction...

    In This Issue..

    * Dollar drifts waiting for direction...
    * How to profit from China's next move...
    * Brazil's real predicted to rise 10%...
    * An update from Chuck...

    Good day, and welcome to Tuesday. The Cardinals brought home a winner for the huge crowds down at Busch Stadium yesterday. As I mentioned, opening day is holiday around St. Louis, and Albert Pujols and his teammates gave the fans a terrific show. Currency traders seemed to take the day off yesterday along with thousands of Cardinal fans. The dollar drifted through the day, and continued to trade sideways in overnight trading in Asia....
  • We Won't Get Fooled Again!

    In This Issue..

    * Bernanke digs out some old words...
    * Risk on, Risk off...
    * Brazil to have a different meeting outcome?
    * Winter Olympics are in Canada...

    Good day... And a Terrific Tuesday to you! What a ride on Mr. Toad (Bernanke's) Wild Ride yesterday for the currencies! Gold? Well, at one point in the day, Gold had shot up $24 on the day! It topped out at $1,142... The shiny metal then gave some back on profit taking, but Whew! Gold holders have got to love it! Those that keep waiting for a pull-back... Well, they might be still waiting when the cows come home...

    Yesterday, we had a couple of Fed Heads talking, but the Big Kahuna, stood out, and moved the markets with his statements... Here's the skinny......
  • Desperately Seeking Yield...

    In This Issue..

    * Currencies rally...
    * More on the BRIC's...
    * New Zealand's GDP contracts..
    * Bernanke gets grilled!

    Good day... And a Happy Friday to one and all! The end of what seemed to be a very long week... The last weekend in June, can you believe that? Next week, we'll be getting ready for the 4th of July celebrations! WOW!

    Well... What a volatile week it has been in the currencies! Up, down, all around, and settling back to levels that we saw before the Fed's FOMC meeting earlier this week. Suddenly, investors are looking for yield again... Looks like they are "Desperately Seeking (not Susan) Yield! And why not? The Fed, and the Bank of Canada (BOC) have come out and said that there will be no interest rate hikes until we've turned quite a few pages on the 2010 calendar....