Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.
[Read more...]Elections Throw Euro Under a Bus
May 8, 2012 By Leave a Comment
Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.
[Read more...]Jobs Data Push Speculators Out of the Market
May 7, 2012 By Leave a Comment
Good day, and welcome to another week. Chuck finally made it back home last night, after speaking at two different conferences last week down in Florida. We had a pretty wicked night of thunderstorms last night, so I’m sure Chuck’s flight wasn’t exactly smooth. Sure hope he got over that stomach thing that he had on Friday.
[Read more...]Jobs Data Push Speculators Out of the Market
May 7, 2012 By Leave a Comment
Good day, and welcome to another week. Chuck finally made it back home last night, after speaking at two different conferences last week down in Florida. We had a pretty wicked night of thunderstorms last night, so I’m sure Chuck’s flight wasn’t exactly smooth. Sure hope he got over that stomach thing that he had on Friday.
[Read more...]Euro Held Hostage By Elections
May 4, 2012 By Leave a Comment
After reaching a high of nearly $106 on Wednesday, the price of oil has hit the slippery slope (yay!) all the way down to $101.27 this morning. While it will take a while before this ride on the slippery slope is seen at the gas pump, if ever, the psychological feeling it has for consumers is good. It won’t play well with the petrol currencies, like Norway, Canada, Russia, etc.
[Read more...]Euro Held Hostage By Elections
May 4, 2012 By Leave a Comment
After reaching a high of nearly $106 on Wednesday, the price of oil has hit the slippery slope (yay!) all the way down to $101.27 this morning. While it will take a while before this ride on the slippery slope is seen at the gas pump, if ever, the psychological feeling it has for consumers is good. It won’t play well with the petrol currencies, like Norway, Canada, Russia, etc.
[Read more...]Central Banks Get Weaker Currencies
May 3, 2012 By Leave a Comment
The currencies are still in rut versus the dollar this morning. They haven’t lost more ground, just stuck in a rut. The euro (EUR) should have gained on the news that Spain was able to auction bonds this morning and meet their target, while France sold bonds and saw their yields drop. These two auction results should have eased the minds of those fearing the eurozone countries will struggle to finance their borrowings — at least for now.
[Read more...]Central Banks Get Weaker Currencies
May 3, 2012 By Leave a Comment
The currencies are still in rut versus the dollar this morning. They haven’t lost more ground, just stuck in a rut. The euro (EUR) should have gained on the news that Spain was able to auction bonds this morning and meet their target, while France sold bonds and saw their yields drop. These two auction results should have eased the minds of those fearing the eurozone countries will struggle to finance their borrowings — at least for now.
[Read more...]
Bill Gross and Others Call for QE3
Good day. My first day back in the saddle went fairly well, the meetings were short and sweet — just the way I like them — and I got out of here at a decent time to get home and get my feet up. It was a busy day in the markets, and with no economic data to guide them, they continued to steer toward the dollar.
[Read more...]