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  • All That Demand, And No Soaring Price?

    In This Issue.

    * RBNZ Opens door to rate hikes.

    * Poland & Brazil hike rates 1/4%

    * OPEC leaves production unchanged.

    * Data returns today.

  • China's Economy: Still Soaring.

    In This Issue.

    * Currencies back off a bit.

    * Gold, Silver and Oil all get sold..

    * Poland hikes rates 25 BPS.

    * The Worst AAA rating.

  • Details of Greek aid package boosts the euro...

    In This Issue..

    * Details of Greek aid package boosts the euro...
    * Officially the US recession is still not over...
    * Commodity currencies take a breather...
    * Polish zloty holds steady after tragedy...

    Good day, and welcome to another week. It is a holiday here in St. Louis, as it is the home opener for Cardinal nation. Looks like the fans will have an absolutely perfect day for the celebration, with sunny skies and temps in the upper 70's. Opening day truly is a local holiday, and a big number of workers will be calling in sick in order to go downtown to enjoy the festivities. Let's hope the Cardinals can bring the home crowd a winner!

    The EU gave the euro a big boost over the weekend as they announced the details of a $61 billion aid package for Greece. The announcement of the details calmed the markets and sent the euro shooting up close to $1.37 for the first time since mid March. The plan was hammered out back on March 25th, but details of how the aid package would be structured were not revealed, causing many to question it. Now that the details have been revealed, traders reversed some of their short positions and the euro has recovered....