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Monday, February 13th, 2012

Posts Tagged ‘ euro ’

Audit the Fed – Amendment to a $200 billion bill frightens currency traders!

Nov 20th, 2009 | By Chuck Butler | Category: Featured, Financial News

So what was it that spooked the markets… Well… The only thing I can find was the report yesterday about falling Housing Starts that Chris told you about… Did you know that about 14% of US homeowners were either delinquent on their mortgage or in some stage of foreclosure? That is the highest rate since the group started collecting the data in 1972!

But there was something else that was announced as the day went on, that I think probably spooked the markets more than anything else… And that is a key House panel approved two amendments to a sweeping financial-overhaul bill that would give federal watchdogs new authority to audit the Federal Reserve, and would establish a fund of as much as $200 billion to help dissolve large, troubled institutions. Rep. Ron Paul (R., Texas) offered the amendment seeking to subject the Fed to audits.



Gold Soars To Another All-Time High!

Oct 8th, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

$1,055 for Gold! Global recovery prospects fuel run on the dollar…Trichet to defend the dollar today? Central Banks are diversifying…And Now… Today’s Pfennig!



RBA Raises Rates!

Oct 6th, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

Pandora’s Box of rate hikes is opened! Is the dollar being removed from oil trades? Deficits do matter, eh? Gold heads toward its all-time high…And Now… Today’s Pfennig!



Jobs Disappoint…

Oct 5th, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

September job losses soar to 263,000…G-7 does not make statement on currencies…RBA meets tonight…India & Brazil pull the right strings…And Now… Today’s Pfennig!



A Jobs Jamboree Friday!

Oct 2nd, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

The dollar remains well bid…G-7 to hand currencies off to G-20? Car Sales collapse…Auditing the Lehman cash movements…And Now… Today’s Pfennig!



G-7 to Discuss Currencies?

Oct 1st, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

The ball is in the dollar’s court today…Aussie is unable to hold 14-month high…China and Eurozone print stronger PMI’s. Chock-full-o-data today…And Now… Today’s Pfennig!



Whiplash Wednesday!

Sep 30th, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

Currencies rebound VS the dollar…Aussie and kiwi lead the currencies higher…Data and Central Bank speeches today…Gold rebounds back to $1,000! And Now… Today’s Pfennig!



Stop The Presses!

Sep 29th, 2009 | By Chuck Butler | Category: Politics & Economics

A bias to buy dollars remains…Looks like coordinated jawboning…Fujii now talks about intervening! Gold remains below $1,000…And Now… Today’s Pfennig!



A New Carry Trade Currency?

Sep 28th, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

A bias to buy dollars remains…The Fed was warned as far back as 1999! Fujii gets “the memo”! A ton o’ data all around the globe this week! And Now… Today’s Pfennig!



G-20 Heats Up…

Sep 25th, 2009 | By Chuck Butler | Category: US Dollar & Forex Trading

Dollar’s rally is cut short…Major problems for loans still exist…Yen rallies on exporter repatriation…Kiwi gets whacked! And Now… Today’s Pfennig!