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  • Wild Swings!

    * Euro gains, then loses, then gains... * Inflation and Commodities... * The euro turns 10! * Risk Aversion remains but is waning... ** Wild Swings! Good day... And a Terrific Tuesday to you! Well, it happened way too late for yours truly to witness it, but my beloved Missouri Tigers rallied and won the Alamo Bowl in overtime. Go Tigers! Hopefully they can fix the defense before next fall! OK... Remember those Wild Swings I talked about yesterday? The Wild Swings that could be a result of thin volumes in this the second week of Christmas. Well... We witnessed them in earnest yesterday! As I signed off yesterday, I told you that the euro had rallied 2 whole figures to 1.43 and change. Well, that rally dissipated throughout the morning, and by late in the day the single unit was 1.39 and change... WOW! Now that's a Wild Swing! You can point to profit taking as the reason for the move, and with the volumes thinned out by Holiday trading, one profit taking sell begot another, and before you knew it, the euro was looking at a loss on the day....
  • An Aussie Rate Cut!

    * Dollar rally continues... * Eurozone data prints weak... * Oil sees a HUGE drop! * WAKE UP, China! ** An Aussie Rate Cut! Good day... And a Wonderful Wednesday to you! I'm shaking my head this morning and wondering what its going to take to get this dollar rally stopped before it gets out of hand, and the exports get killed once again. And if the exports get killed, the Current Account Deficit begins to swell again, and so on and so on. This dollar strength is not good for our economy at this stage, but that's what we have, and I'm wondering who wrote the book of love! I recall the last time we saw the dollar smokin' hot like this, 2005... I sure hope the nasty emails to me don't start again... You should have seen some of these emails, they would embarrass a sailor! OK, that's just a saying, I'm not picking on sailors! You have to say these disclaimers or else there will be someone that gets upset and fires off a nasty email. What's happened in society that email has allowed people to say things they would never say to someone's face? It's brought out the Mr. Hyde in people, for sure!...