March 2008 - Daily Pfennig

A free, quick-reading daily e-letter on world currencies, economic trends, and the occasional baseball score.

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He's Back....

* Eurozone inflation jumps higher! * U. of M. Consumer Sentiment falls again! * Unwinding Carry Trades.... * Another Fed error?...

Published 03-31-2008 12:44 PM by Chuck Butler

Filed under: Inflation, Consumer Confidence, Carry Trade, The Fed, Eurozone
Markets May be Saving it up for Today...

* Consumption rose...* Inflation fell... * Swedish surplus... * Euro setting the tone......

Published 03-28-2008 10:14 AM by Chuck Butler

Filed under: Inflation, Euro, New Zealand, European Central Bank, Japan, Sweden, GDP
Another Day of Dollar Depreciation...

* Durable goods fall... * Euro gains... * British concern... * The land down under......

Published 03-27-2008 11:49 AM by Chuck Butler

Filed under: Australia, Dollar, British Pound, Recession, Euro, Durable Goods, Depreciation
Let's Pick Up From Where We Left Off...

* Consumer confidence falls... * Recession fears... * Norwegian krone leads the way... * Trichet speaks......

Published 03-26-2008 9:32 AM by Chuck Butler

Filed under: Recession, Euro, Consumer Confidence, Iceland, Swiss franc, Trichet, Norwegian Krone
Dollar Reversal this Morning...

* Home sales surprise... * Consumer confidence today... * Carry trade again... * Iceland hikes rates......

Published 03-25-2008 9:48 AM by Chuck Butler

Filed under: Dollar, Home Sales, Consumer Confidence, Iceland, Yen, Swiss franc, Carry Trade
Back To Work After A Nice Holiday Weekend...

* A quiet Good Friday... * This week's data... * G7 intervention speculation... * Asian diversification......

Published 03-24-2008 9:32 AM by Chuck Butler

Filed under: Dollar, Consumer Confidence, Economy, G7
Dollar Continues to Rebound...

* Dollar continues to rebound... * De-leveraging of the hedge funds... * Fed bypasses the banks to lend directly... * Blue light specials......

Published 03-22-2008 12:55 AM by Chuck Butler

Filed under: Dollar, The Fed, Hedge Funds
The Fed's Quiver Is Getting Empty...

* A Technical correction... * Leading Indicators to fall a 5th month? * Paul Volcker chimes in... * A new Carry Trade currency?...

Published 03-20-2008 8:08 AM by Chuck Butler

Filed under: Currencies, Yen, Swiss franc, Carry Trade, The Fed, Paul Volcker
Another Large Rate Cut From The Fed...

* Are there more rate cuts coming? * Yen and Swiss kicking sand... * Emerging Markets High Yielders fall... * Buying Opportunities in Gold and Silver?...

Published 03-19-2008 1:57 PM by Chuck Butler

Filed under: Commodities, Silver, Gold, Yen, Swiss franc, Interest Rates, The Fed
Back to the Days of Volcker...

* Waiting on a 100 bps move... * Fed plays Whack a Mole... * Carry trade reverses... * China raises reserve ratios......

Published 03-18-2008 9:28 AM by Chuck Butler

Filed under: Currencies, Dollar, China, Interest Rates, Carry Trade, The Fed
Fed Force Feeds Funds Into the System...

* Fed cuts discount rate...* Swiss franc above parity... * Japanese yen continues to climb... * Gold blows through $1,000......

Published 03-17-2008 9:09 AM by Chuck Butler

Filed under: Dollar, Recession, Gold, Yen, Swiss franc, Interest Rates, The Fed, Bear Stearns
Is Intervention In The Cards?

* Retail Sales collapse! * Gold futures hit $1,000! * S&P sounds the "all clear" horn... * Happy St. Patrick's Day!...

Published 03-14-2008 9:16 AM by Chuck Butler

Filed under: Gold, Euro, Consumer Price Index, Central Bank Intervention, Retail Sales
A Reality Check!

* Too Little... Too Late! * Yen hits a 13-year high! * Swissie nears parity! * Australia keeps creating jobs!...

Published 03-13-2008 9:54 AM by Chuck Butler

Filed under: Australia, Dollar, Oil, Euro, Consumer Confidence, Yen, Swiss franc
Let the Money Flow...

* Let the money flow... * Norway is a favorite of Citigroup... * Dropping the dollar pegs... * Commodity currencies rally......

Published 03-12-2008 10:32 AM by Chuck Butler

Filed under: Currencies, Dollar, Commodities, The Fed, Norway, Citigroup
Euro tracks toward $1.55...

* Euro tracks toward $1.55... * Japanese Yen hits 8 year high... * Update on Indian Rupee... * Buffet continues to invest into currencies......

Published 03-11-2008 12:22 PM by Chuck Butler

Filed under: Inflation, China, Gold, Euro, Yen, Trichet, Indian Rupee

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March 2008 - Daily Pfennig

Blog Subscription Form

Syndication

Recent Posts

Tags

Archives

He's Back....

Markets May be Saving it up for Today...

Another Day of Dollar Depreciation...

Let's Pick Up From Where We Left Off...

Dollar Reversal this Morning...

Back To Work After A Nice Holiday Weekend...

Dollar Continues to Rebound...

The Fed's Quiver Is Getting Empty...

Another Large Rate Cut From The Fed...

Back to the Days of Volcker...

Fed Force Feeds Funds Into the System...

Is Intervention In The Cards?

A Reality Check!

Let the Money Flow...

Euro tracks toward $1.55...