Posts Tagged ‘
Chris Gaffney ’
Nov 21st, 2008 |
By Chris Gaffney |
Category: Financial News
Bad data pushes investors into US treasuries… Barclay’s says the euro will rally… SNB surprises with a rate cut… Iceland gets their bailout… And Now… Today’s Pfennig!
Tags: aussie dollar, Bailout, Bps, Chris Gaffney, Economic Indicators, euro, global commodity prices, Global Currencies, Iceland bailout, Japanese Yen, Oil Prices, Risk Aversion, SNB, T Bills, U S Treasury, Unemployment Rate, US dollar, Weekly Jobless Claims
Posted in Financial News |
Nov 17th, 2008 |
By Chris Gaffney |
Category: Financial News, US Dollar & Forex Trading
G20 largely a non-event… Pound moves up… Brazil falls on sell off of emerging markets… Japan enters recession… And Now… Today’s Pfennig!
Tags: Brazilian real, British pound, Chris Gaffney, CPI, Emerging Markets, Financial Crisis, G20, Global Currencies, Global Economy, Global Recession, hedge funds, Investment Vehicles, Japanese recession, Japanese Yen, Manufacturing Sector, President George W Bush, Retail Stores, US dollar, Wall Street Banks
Posted in Financial News, US Dollar & Forex Trading |
Nov 14th, 2008 |
By Chris Gaffney |
Category: Financial News, US Dollar & Forex Trading
Data shows just how bad things are… Trade deficits narrow… EU confirms they are in a recession… RBA intervening again… And Now… Today’s Pfennig!
Tags: Bailout Package, Chris Gaffney, Consumer Lenders, Credit Card Debt, Germany recession, Global Currencies, Home Loans, Initial Jobless Claims, Mortgage Market, Oil Prices, Personal Bankruptcies, Retail Sales, Strong Dollar, Trade Deficits, US dollar, US Jobless Rate, US stocks
Posted in Financial News, US Dollar & Forex Trading |
Nov 13th, 2008 |
By Chuck Butler |
Category: Financial News
Paulson throws the markets a curve… Goldman says to buy the yen… RBA intervenes to protect the AUD$…
China provides support to commodities… And Now… Today’s Pfennig!
Tags: Bailout Package, Chris Gaffney, commodities, Global Currencies, Goldman, Government Funding, Hank Paulson, Mortgage Assets, Portfolio Diversification, Rba, Treasury Dept, US dollar
Posted in Financial News |
Oct 20th, 2008 |
By Chris Gaffney |
Category: Financial News
Credit fears ease… Chuck’s thoughts from the road… India cuts rates… China growth slows, but is still 9%…
And Now… Today’s Pfennig!
Tags: China markets, Chris Gaffney, Federal Reserve, Gold Prices, Libor, US debt, US dollar, Yen Carry Trade
Posted in Financial News |
Oct 17th, 2008 |
By Chris Gaffney |
Category: Financial News
Good day…These dramatic swings in the markets are becoming so common place that a move of 400 pts by the Dow doesn’t really garner much notice. After all, in the past five days, the Dow Jones average has had a trading range of almost 2,000 points, but after five dramatic days the stock market is trading almost exactly where it was a week ago.
Tags: Chris Gaffney, CPI, euro, Global Recession, Japanese Yen, US dollar, US recession, US slowdown, US stocks
Posted in Financial News |
Oct 14th, 2008 |
By Chris Gaffney |
Category: Financial News, US Dollar & Forex Trading
Good day…And what a day it was! As I stated in yesterday’s Pfennig, Columbus day is just sort of a holiday for the markets. These ’semi-holidays’ can create some volatile trading, as not all of the markets are open and many desks are short staffed. So with the Federal Reserve and the banking system closed, the equity markets had the largest one day gain in over seven decades.
Tags: Australian Dollar, Chris Gaffney, Federal Reserve, global credit crisis, government bailout, krona, US Banking, US dollar, US inflation, Yen Carry Trade
Posted in Financial News, US Dollar & Forex Trading |
Oct 13th, 2008 |
By Chris Gaffney |
Category: Financial News, US Dollar & Forex Trading
Bernanke gets help opening the spigot… Euro and Pound rally… Yen to continue to benefit from carry reversals… Aussie $ rallies… And Now… Today’s Pfennig!
Tags: Chris Gaffney, Federal Reserve, krona, US dollar, Yen Carry Trade
Posted in Financial News, US Dollar & Forex Trading |
Sep 19th, 2008 |
By Chris Gaffney |
Category: US Dollar & Forex Trading
Bernanke and Paulson have been worn down from the one-off situations they have been dealing with, and finally came to the realization that the problem is much more pervasive than previously thought. Ahoy thar maties… Yesterday was a very volatile day in what has become an incredibly choppy week.
Tags: AIG, Brazilian real, Chris Gaffney, CNY, euro, Federal Reserve, FNM, FRE, GBP, ISK, US dollar, US mortgage crisis, US politics, US stocks, Yen Carry Trade
Posted in US Dollar & Forex Trading |
Sep 17th, 2008 |
By Chris Gaffney |
Category: Featured, Financial News
Late yesterday evening, the government bailed out insurer AIG (NYSE:AIG) with a ‘bridging loan’ of $85 billion.
Taxpayers are now on the hook for Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) and AIG - three corporate giants that have lost a lot of money by doing stupid things with their money.
“All this debt [...] has to be paid back,” says currency expert Chris Gaffney. “And how does the government plan to do this? With cheaper dollars…”
Tags: Ben Bernanke, Chris Gaffney, credit crisis, Federal Reserve, Hank Paulson, US Banking, US dollar
Posted in Featured, Financial News |