Everything but Treasuries trades heavily…  Fundamentally speaking on Australia…  Bank of Canada to cut rates today…  Tell me your story… And Now… Today’s Pfennig!

BOE to cut rates today…  ECB will wait to cut for now…  Black clouds forming for India?  German factory Orders Plunge! And Now… Today’s Pfennig!

Economic confidence in both the Eurozone and greater European Union (EU) hit a record low in December, adding to an already long list of challenges that face that region. And even though policymakers have an economic stimulus package in place, confusion over future fiscal policy lingers.

Currencies range trade…  With a bias to buy dollars…  Recession deepens in Eurozone…  India cuts rates…
And Now… Today’s Pfennig!

The US dollar surprised many by breaking out of its six-year downtrend in 2008. Currency expert Jack Crooks says the global economy will get a lot worse before it gets better. And the euro will come under severe pressure as individual members of the union crumble. Jack says this all poins to further greenback strength in 2009.

Currencies trade in a tight range…  Another new plan to help homeowners…  RBNZ and Riksbank slash interest rates! The Governorator speaks!… And Now… Today’s Pfennig!

World stocks edge up… Crude oil falls, trades just above $51 a barrel… U.S. dollar firmer, U.S. bonds rise

Not too long ago it seemed that everybody loved China.  It was a panacea, a magic bullet, the answer to every question. How can the US avoid recession? China. Why are the stock markets racing higher? China. Why is oil over $140 a barrel? China. You may have noticed that all this cheerleading has gone very quiet, very quickly.

What will Paulson say?   Dollar remains well bid…   How long for Safe Haven buyers?   G-20 Schmee 20! And Now… Today’s Pfennig!

The dollar rallies big time!  A dollar conspiracy?  Bailing out the automakers?  Weathering the storm in N.Z.?
And Now… Today’s Pfennig!