The Eurozone leaders have a long way to go before they get past this debt crisis… And along the way there will be some potholes big enough to swallow a Mac-Truck. But knowing what I know about the resiliency of the region, they will pull themselves out of the pothole, and attempt to move further along the way toward solving the crisis.
[Read more...]US Jobs Report: More than Just a “Bump in the Road”
June 6, 2011 By Leave a Comment
Last week I was talking about how the euro (EUR) would move past 1.45 if the Jobs Jamboree was disappointing… I guess it was disappointing, because the euro is well into the 1.46 handle this morning! So… For more on the Jobs data from last Friday, here are some thoughts I had right after the number was announced…
[Read more...]Euro Rallies as Trichet Signals for a Rate Hike
March 4, 2011 By Leave a Comment
First things first though… Yesterday, European Central Bank President, Trichet, did exactly what I said he would do on Monday… CABAL (Fed) Chairman, Bernanke did what I said he would do on Monday at his testimony on Tuesday and Wednesday…. And last night when I checked the currency prices, the euro (EUR) reacted exactly the way I said it would, as it climbed to 1.40 … In case you missed class that day, here’s exactly what I said about all of this…
[Read more...]How Will Census Workers Affect the Jobs Report?
September 3, 2010 By Leave a Comment
It was a ping-pong day for the currencies, back and forth over the net… The net being the “level of the day?… For instance, the Aussie dollar (AUD) played over the 91-cent net all day, and the euro played over the 1.2820 level all day.
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Jobs Data Sends Currencies and Gold Lower
Good day… And a Marvelous Monday to you! Congrats to the fans of the Big Blue, NY Giants, who are the Super Bowl Champions, after a very entertaining game. It’s very foggy out this morning here in St. Louis, reminds me of the time my beautiful bride and yours truly were driving home from Des Moines to St. Louis and a very dense fog was everywhere… Not wanting to stop, I cracked the car door open and kept an eye on the white line, which would keep me on the road… Thinking back now, that probably wasn’t a very safe thing to do, eh?
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