Good day. My beloved Cardinals are having a rough go of it lately. The injuries are piling up, and some sloppy play, which drives me crazy, has contributed. They finally got back to Busch Stadium last night, after an awful road trip, and found a way to win. So get that ship back on the right course!
[Read more...]Hedge Funds Bail On Euro Now
May 21, 2012 By Leave a Comment
Good day. I’m writing from home, as I’m headed to the doctor right out of the starting blocks this morning. So since I’m writing from home, this will be short and sweet for sure, especially since I overslept on top of it all! You would think that the “West Coast” time would be out of my system by now! UGH!
[Read more...]Hedge Funds Bail On Euro Now
May 21, 2012 By Leave a Comment
Good day. I’m writing from home, as I’m headed to the doctor right out of the starting blocks this morning. So since I’m writing from home, this will be short and sweet for sure, especially since I overslept on top of it all! You would think that the “West Coast” time would be out of my system by now! UGH!
[Read more...]Data Show US Economy is Improving
May 17, 2012 By Leave a Comment
Good day. The dollar continued to benefit from the troubles in Europe yesterday, adding to its weekly gains. The dollar index, which tracks the major currencies versus the U.S. dollar, is up 1.86% in the past five days as investors seek the shelter of the U.S. Treasury market.
I was talking to Mike last night, preparing for this morning’s Pfennig, and we agreed that all of this dollar buying is starting to look a bit overdone. At some point, the markets will figure they have “priced in” the Greek exit and will again start to trade on fundamentals.
[Read more...]Data Show US Economy is Improving
May 17, 2012 By Leave a Comment
Good day. The dollar continued to benefit from the troubles in Europe yesterday, adding to its weekly gains. The dollar index, which tracks the major currencies versus the U.S. dollar, is up 1.86% in the past five days as investors seek the shelter of the U.S. Treasury market.
I was talking to Mike last night, preparing for this morning’s Pfennig, and we agreed that all of this dollar buying is starting to look a bit overdone. At some point, the markets will figure they have “priced in” the Greek exit and will again start to trade on fundamentals.
[Read more...]British Pound Sterling Losses “Safe-Haven” Status
May 16, 2012 By Leave a Comment
Good day. Another busy day on the desk yesterday, as the increased volatility in the currency markets had the phones ringing. Many of the clients calling the desk were worried about the recent drop in the currencies and metals. Some want to bail out, while others are seeing the fall in prices as a good buying opportunity.
[Read more...]
Fitch Downgrades Japan
Good day. My beloved Cardinals are having a rough go of it lately. The injuries are piling up, and some sloppy play, which drives me crazy, has contributed. They finally got back to Busch Stadium last night, after an awful road trip, and found a way to win. So get that ship back on the right course!
[Read more...]