Dollar firms a touch versus the euro, pressuring gold… Key U.S. jobs data shows payrolls down 524,000 in Dec…  Investec cuts 2009 platinum forecast by 28 percent.

Dollar touches fresh 3-week high versus the euro…  ETF Securities reports 2 pct rise in gold ETF holdings… Platinum, palladium rise to multi-week highs…

The currency markets reaction to the Federal Reserve’s recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.

US data may wake up the markets… Toyota reports a loss…  NZD falls, AUD gains… Will the Rupee shine in 2009?… And Now… Today’s Pfennig!

Currency markets stabilize (for now)…  Data packed holiday shortened week…  China cuts rates… Indian rupee falls… And Now… Today’s Pfennig!

Santa rally continues…  Norway cuts 175 basis points…  Japanese intervention possible…  Indian rupee moves up… And Now… Today’s Pfennig!

FOMC to cut further…  Bernanke turns his back on inflation…  Kiwi and Australia rally…  Gold continues to shine… And Now… Today’s Pfennig!

Senate rejects auto bailout…  ECB pushes back from the rate cut table…  Goldman and Citigroup predict a dollar fall…  China to continue to appreciate… And Now… Today’s Pfennig!

Another currency rally….  Bank of Canada cuts 75 BPS!…  A Santa rally?… What Asia thinks… And Now… Today’s Pfennig!

There is always a bull market going on somewhere, says Frank Hemsley. As currency values are all relative to each other, a slump in one always means another is soaring. Frank says the unwinding of the carry trade means the Japanese yen is soaring against weaker currencies like the British pound. As long as stocks remain in a bear market, Frank says the yen will rise and sterling will fall.