Gold Stocks Today » BRL

Greece Disappoints Again!

Chuck Butler — Mon, 30 Jan 2012 18:08:35 +0000

Here we are… The last couple of days of January… So the first month of 2012 is just about over, and already, we’ve heard the Fed push their rate forecast for near zero rates out further, and the Fed laying the groundwork for another round of QE… But… When we began the month/year, everyone was [...]

Greece Disappoints Again! originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Currency Rally Fades in Overnight Trading

Chuck Butler — Tue, 24 Jan 2012 17:27:50 +0000

The currency/risk on rally was quite strong yesterday, all day long! However, in the overnight markets, we’ve seen some profit taking, and reassessing of what they were doing, like pushing the euro to above 1.30. I say that because there’s still no agreement with Greece and the private creditors… I keep hearing and reading analysts, [...]

Currency Rally Fades in Overnight Trading originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Do Investors Pay Attention To Ratings Agencies?

Chuck Butler — Wed, 18 Jan 2012 16:37:03 +0000

Both Germany and the IMF have cut their growth forecasts for this year. Germany for Germany, and the IMF for global growth… But both are cutting their forecasts because of the same thing… Eurozone weakness, due to the debt problems, which are pushing austerity measures, which will cut growth for certain! But the IMF did [...]

Do Investors Pay Attention To Ratings Agencies? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Ratings Agencies Make it Tough on European Leaders

Chris Gaffney — Tue, 17 Jan 2012 16:07:05 +0000

The European leaders were battling a pretty major storm that the ratings agencies helped create late last week when S&P cut the ratings on 9 euro-region countries. The most dramatic move was the loss of France’s AAA rating, leaving Germany as the sole AAA rated country in the currency union. Austria also lost its AAA [...]

Ratings Agencies Make it Tough on European Leaders originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

China’s Manufacturing Index Rebounds

Chuck Butler — Tue, 03 Jan 2012 16:48:39 +0000

Good day… And a Tom Terrific Tuesday to you, and… HAPPY NEW YEAR! Here’s hoping that 2012 brings us a correction to the 1 in 5 Americans out of work, and that it is a healthy, prosperous, and peaceful year! Hey… Stranger things have happened, right? But, we have some HUGE hurdles to clear this [...]

China’s Manufacturing Index Rebounds originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Euro Rallies on Positive IFO Index and a Successful Spanish Debt Auction

Chris Gaffney — Tue, 20 Dec 2011 17:10:22 +0000

The euro (EUR) sure enjoyed a better night rebounding from close to its annual low versus the US dollar. A surprisingly upbeat IFO business climate index combined with a pledge of more funds for the bailout and a positive Spanish auction to send the common currency higher. The IFO Institute’s index, based on a survey [...]

Euro Rallies on Positive IFO Index and a Successful Spanish Debt Auction originally appeared in the Daily Reckoning. The Daily Reckoning is published by Agora Financial and provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.

Weekly Jobs Data is Positive, Pushing the Dollar Lower

Chris Gaffney — Fri, 16 Dec 2011 16:05:16 +0000

As mentioned in yesterday’s Pfennig, we had a long list of data released yesterday, and most of the numbers indicated that the US economy may be picking up a bit of steam. Producer prices came in right where they were expected, increasing 0.3% MOM and 5.7% YOY. The ‘core’ figure, (ex food and energy) is [...]

Weekly Jobs Data is Positive, Pushing the Dollar Lower originally appeared in the Daily Reckoning. The Daily Reckoning is published by Agora Financial and provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.

Brazil Quietly Scraps its Tax on Foreign Investment

Chuck Butler — Wed, 07 Dec 2011 16:27:27 +0000

Today is our country’s first day of infamy… Pearl Harbor Day… I hope to visit Pearl Harbor some day, and pay my respects to those American soldiers and sailors who were attacked when we weren’t even at war with the Japanese… A day for us all to stop and think about what happened that day. [...]

Brazil Quietly Scraps its Tax on Foreign Investment originally appeared in the Daily Reckoning. The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.

Central Banks Pump Dollar Liquidity into the Markets

Chris Gaffney — Wed, 30 Nov 2011 17:06:26 +0000

The dollar continued on its decline through most of the trading day yesterday, but fell off a cliff in very early European trading. A coordinated central bank action to lower swap rates was the reason for the dramatic moves in the currencies this morning. The FED, ECB, BOJ, SNB, BOC, and BOE all agreed to [...]

Central Banks Pump Dollar Liquidity into the Markets originally appeared in the Daily Reckoning. The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.

Confidence in the EU Helps Rally the Markets

Chris Gaffney — Tue, 29 Nov 2011 16:23:47 +0000

Good day… Chuck felt it was best to sit out one more day as he tries to recover from a major cold he came down with late last week. He wanted me to share a few of his thoughts with the Pfennig readers this morning, so I’ll start right off with them. Take it away [...]

Confidence in the EU Helps Rally the Markets originally appeared in the Daily Reckoning. The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.