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Daily Currency Analysis

Posted Today at 04:59 PM by TraderPlanet.com (TradingEducation.com, Darrell Jobman, Editor-in-Chief)

EUR/USD

The Euro weakened to lows around 1.4840 against the dollar on Thursday as technical considerations tended to dominate within narrow ranges. The Euro was also unsettled to some extent by a general increase in risk aversion. The dollar was unable to make a serious attempt on breaking Euro support in the 1.4820 region as markets lacked momentum.

The Philadelphia Fed index was stronger than expected with a further increase in the headline index to 16.7 from 11.5 the previous month. The employment component remained negative, but was at the highest level for over 12 months. Leading indicators rose a further 0.3% for October.

Elsewhere, jobless claims were unchanged at 505,000 in the latest week...

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Inflation Scorecard: Prices Bottoming

Posted Today at 04:57 PM by HardAssetsInvestor.com (Brad's Desktop)

Real-time Monetary Inflation (last 12 months): 4.6%

Data published by the U.S. Bureau of Labor Statistics this week shows U.S. inflation continuing to bottom. Year-over-year, the Consumer Price Index slipped 0.2 percent in October, its shallowest decline since March. Wholesale prices for finished goods, metered by the Producer Price Index, fell 1.9 percent annually, also the smallest decline since March.

Key inflation markers notched in the week ending Thursday include:

* Gold fixes in London averaging $1,130 an ounce; Thursday morning's fix at $1,136 put gold prices up 1.8 percent for the week; COMEX spot settlements averaged $1,135.10, up 3.2 percent.

...

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11 2009 Friday Ramble

Posted Today at 04:53 PM by Black Swan Capital (Black Swan Capital - Currency Market Advisors)

I noticed a Reuter’s poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency—yuan- was against the US dollar. The average guesstimate was about 20%. That’s about 20% lower than my guess would have been, but no matter. What was interesting was their guess about when the Chinese currency would actually become convertible.

Drumroll………………………………………………..2020!

Man, that’s a long time for the nut-job newsletter writers (guilty as charged, but not of this crime) to be shouting the “US dollar will disappear.” I told you about one enlightened fellow who gives it a 10-year time frame before the buck goes bye-bye. But there is another, a guy at a yet another major...

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