I want change too!  Euro leads a currency rally!  Factory Orders plunge!  Carry Trades back on the table! And Now… Today’s Pfennig!

You know it’s a real financial crisis when capitalists are being told what to do by a bunch of socialists and communists. But these are the times we live in. Ironic and moronic.

Let’s get right to the point and suggest that Reserve Bank of Australia deputy governor Rick Battelino was talking to the banks yesterday and not anyone who lives on planet Earth, or Terra Australis Incognito, where last we heard, inflation was running at 4.5% on a yearly basis.

The Sovereign Society’s currency analyst, Sean Hyman, says investors should stick to trading currencies. There are over 13,000 stocks open to public trading. But there are only eight major traded global currencies. This makes it far easier to keep track of movements and trends. And it means there’s more chance of picking a winner…

The Sovereign Society’s managing director, Erika Nolan, has given some useful baics about what you need to know before you jump into foreign-exchange investing.

The Daily Reckoning’s currency expert Chuck Butler says the dollar is being taken to the woodshed. The greenback is losing ground against all major currencies as the credit crisis continues to wreak havoc in the U.S economy. Chuck says disappointing inflation or retail sales data this week will send the dollar to new depths…

Canadian loonie bounces with oil… Aussie dollar dip is temporary… Indian rupee on the ropes… Kiwi dollar looking shaky…

Good morning Australia. It’s another triple digit mid-day decline on the Dow. Is this the Obama Rally?

The euro hit 1.5820 overnight in Asian trading, but has seen that move erased during the London trading session… I don’t know what the Londoners know that the Asians don’t with regard to euros.

Wall Street firm Goldman Sachs made the term “BRICs” famous in a 2003 research report.