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  • Risk Assets Rally!

    In This Issue..

    * Currencies have strong rally VS the dollar...
    * Gold returns to $1,210...
    * Rosengren talks deflation...
    * Aussie Confidence soars!

    Good day... And a Wonderful Wednesday to you! WOW! The National League won for the first time since the Wizard of OZ (Ozzie Smith) played in 1996! Being a National League guy, I grew up watching the National League win these games every year, but that changed and it's been an American League affair for some time. But not this year! YAHOO!

    Another Big WOW! Goes to the currencies and metals yesterday! What a rally! The currencies, led by the Big Dog euro, left the porch and chased the dollar dog down the street all day! The euro returned to the 1.27 handle, moving through the 1.26 handle like a hot knife goes through butter! By the time I made it into the office from the doctor's office yesterday morning, the damage to the dollar was a done deal... Last night, before I went to bed, I checked the currencies just to see if there had been profit taking in Asia... And what to my surprise did I see? But no profit taking, what glee!

    ...
  • Global Growth Takes A Hit!

    In This Issue..

    * Back to the 'safe haven' trades...
    * The dollar hammers the euro!
    * ECB & BOE meet today...
    * Brazilian games with the real...

    Good day... And a Tub Thumpin' Thursday to you! On one hand it's tub Thumpin' because I'm here in what was sunny Florida yesterday... And on the other hand, it's not tub Thumpin' because I'm here in Florida! Yeah, writing on the road is not one of my fave things to do, but I'll struggle through it...

    Well... The news that Chris brought to you yesterday, regarding the mini-rally in the currencies, led by the euro climbing back to 1.40, was completely washed out by the time the wheels on his plane touched down here in Orlando yesterday afternoon. Chris had said as he signed off that the dollar was being bought right then, and he was right... And that buying of the dollar lasted all day!...
  • 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....
  • Throwing A Cat Among The Pigeons Again!

    In This Issue..

    * Russia's Fin Min talks up the dollar!
    * Currencies, commodities, stocks all lose ground...
    * Who's car is uglier
    * Gold hit a 3-week low...

    Good day... And a Marvelous Monday to you! How about that weekend? I actually didn't get a chance to experience much of it outside, but it sure looked great! We have new champions in basketball and hockey, so congrats to the Lakers and Penguins on their Championships! Now, the housecleaning is out of the way... It's time to get to the meat... Where's the beef? HA!...