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  • RBA Raises Rates!

    In This Issue..

    * Pandora's Box of rate hikes is opened!
    * Is the dollar being removed from oil trades?
    * Deficits do matter, eh?
    * Gold heads toward its all-time high...

    Good day... And a Terrific Tuesday to you! A Tuesday morning that is seeing a HUGE currency rally VS the dollar on the news that the Reserve Bank of Australia (RBA) opted to go ahead and hike rates now, and not wait for November's meeting, as I had thought they would do! WOW!

    The first hike... It has opened Pandora's Box of interest rate hikes around the world... For, if the RBA went this soon, then we can expect Norway's Norges Bank to push their rate hike earlier on the calendar, maybe even later this month! And they won't be the only ones! Look for New Zealand to hike rates this year, and who knows what other country (Brazil?) will follow after that... But I see them coming, and they're marching the death march of the dollar!...
  • Currencies Continue to Rally...

    In This Issue..

    * An auction announcement...
    * Euro soars!
    * Gold back to $900...
    * Who's telling the truth?

    Good day... And a Happy Friday to you! A Fantastico Friday to boot! I leave for Bermuda very early tomorrow morning, so no late night shenanigans for me tonight! HA! I'm still trying to make sure I've beaten that pneumonia, and being a "good boy"!

    Well... Front and center this morning, we have a Big currency rally going on... Recall yesterday, I told you of the beginning of the rally... Well, it really got legs as the day went on, and once again, it was not sold off overnight, but added to! Here's what I believe, and you won't see this anywhere else, my friends, is moving these currencies so violently higher VS the dollar......
  • Change... What Change?

    * Currency Volatility! * Trading Theme creeps back! * ADP indicates a bad Jobs Jamboree... * Putting on my thinking cap... ** Change... What Change? Good day... And a Thunderin' Thursday to you! I say Thunderin' because we're expected to get Thunderstorms and rain today here in the St. Louis area... This will be the first rain we've received in some time, so, while it will bring cooler weather our way, it will still be much needed rain! Well... What a volatile day in the currencies yesterday! WOW! Running up and down the dial, all day long! At one point yesterday morning, the euro looked to be in the driver's seat, ooh, ooh, ooh ooh, driver's seat, yeah... Stop it Chuck, this is supposed to be a serious commentary! Yeah right! Well, at least seriousness is sprinkled in from time to time, eh? Anyway... What I was getting at before slipping off into a song by Sniff-n-The Tears, the euro was moving higher and higher, and was making the 1.29 and 1.30 handles look like picket fences when you pass them going 80 mph!...