More range trading…  Eurozone doesn’t need more stimulus…  A$’s outperform on rate outlook…  A double whammy for the dollar… And Now… Today’s Pfennig!

Initial Jobless Claims rise…  PPI does too!  Euros get hung out on a line…  Gold makes a comeback! And Now… Today’s Pfennig!

JPMorgan Cuts 2,800 WaMu Jobs; GM Post $30-Billion Loss; Hong Kong Exports Sink; IGM Retains 2009 Outlook; Jobless Claims Spike; Oil Rises for Second Day in a Row

The dollar fights back! …  Soros sinks the euro…  Bad data yesterday…  And Now… Today’s Pfennig!

Worries rise that stimulus package could be held up… Ford stock rises after quarterly results… Initial jobless claims on tap… S&P 500 futures off 6.70 points, Dow futures off 52 points, Nasdaq futures off 4.75 points…

New housing starts fell in December to the lowest levels since the government started compiling statistics in 1959, as surging unemployment continued to rock the real estate market. 

Will the ADP report be a good indicator? …  China to slow treasury purchases? …  Gold as a store of wealth… Dealing with the devil… And Now… Today’s Pfennig!

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

Fed sets target for buying mortgage-backed securities… Initial jobless claims fall more than expected… S&P 500 futures up 0.4 pct, Dow futures up 0.2 pct, Nasdaq futures off 0.3 pct

FedEx Announces Profit, Cost Cuts; Report: Wal-Mart to Sell iPhones; GM Denies Chrysler Merger Talks; Discovery Applying for Bank Status; Initial Jobless Claims Down; Goldman Sells Sanyo Stake to Panasonic; IMF Sees 2009 U.S. Rebound; Carnival Cruises to 4Q Profit