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Currencies: Markets Shift Focus Back to Greece By Chuck Butler, EverBank Good day. A crazy day in the markets yesterday, but a very peaceful evening for me. With everyone gone, I treated myself to eating out and had a steak dinner. I reduced my intake of red meat after the cancer discovery five years ago, so […]
By Chuck Butler, EverBank Good day. The end of a very long week for me. It seems like a month of Sundays since just last Friday! But that’s OK; the weekend is here, and I have plans! I hope my plans don’t get squashed like the hopes that the markets had yesterday that Big Ben Bernanke […]
By Chuck Butler, EverBank Good day. I’m at a complete loss this morning on what to start with! I’ve sat here staring at the blank Pfennig template for about 10 minutes now. My mind wandering to this, that and the other stuff, but never really settling on something. UGH! So I thought I would just start typing […]
By Chuck Butler, EverBank Yesterday’s price action left more blood in the streets, with the euro (EUR) losing the 1.24 handle, and the Australian dollar (AUD) reaching a 2012 low. The Brazilian government and central bank continue to do their best to unravel the markets, by cutting interest rates again this morning and crowing that there […]
By Chuck Butler, EverBank The dollar is moving onward and upward this morning, as the two-day calm in the currencies was lifted overnight, and the dollar is swinging its mighty hammer once again. The euro (EUR) has slipped to its lowest level since August 2010, and we all know that when the euro is taking its […]
Why is the Norwegian krone the forgotten safe haven? Big hat tip to Dr. Evil, who sent over this idea, pointing out that while investors are flocking to gold and the Swiss franc as safe havens, the Norwegian krone is not getting much love from European currency traders: The NOK, while up against the dollar […]
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