Later today at noon, to be precise the Bank of England will announce its latest decision on interest rates. So what’s it going to do? The question is a lot harder to answer this month than we’ve been used to for the last few years.

You’ve probably heard the talking heads on CNBC chattering about this currency play. You’ve probably read about this investment “unwinding” or “being back on” in the Wall Street Journal, or in Bloomberg.

We are living in perilous financial and economic time. Very few Americans are even paying attention. All it takes to re-start an economy is to hand out cheap money…right?

In the currency market, the dollar continued to move higher against the euro. Late Friday, the euro was trading at $1.5424 vs. $1.5457 on Thursday.

It is time for another simulator update.  To say the last week of trading has been interesting is an understatement.  Even though three-quarters of the nation is screaming about a recession, the equities maket continues to rise.  The Dow has not been at this level in quite a while.

The dollar is a bit softer this morning going into the Jobs Jamboree, and rightly so, given the forecast. However, the dollar is still swinging a mighty hammer and I’m a bit perplexed by this.

Cautious trading seen ahead of Fed. Gold stayed almost entirely within a tight $5 range from the far East straight through the New York session on Monday, finishing at $893.20, up $8.20 from Friday. Overnight, gold has fallen off.

I love Barron’s “Big Money” poll. Most people read Barron’s looking for investment ideas. So twice a year, Barron’s gives readers what they think they want. The magazine conducts a poll of money managers, asking them about their favorite investments. I look forward to the Big Money poll… but for different reasons than you might think.

Welcome to another action-packed Monday. The weekend went by fast, no? All in all, it looks like a good week to be long the financials for a quick trade. Though by “quick trade,” I really mean a lightning-quick trade. The kind that works best for trigger-fingered scalpers who like catching moves that threaten to finish before they start.

Multi currency investments can reap rich rewards right now. Take, for example, this multi currency Brazilian investment. The recent drop in U.S. dollar interest rates means you can now borrow dollars at between 4.175% and 4.875%.