Some Thoughts on the US Jobs Report

The November US jobs report is slated for release tomorrow and there does not seem to be any reason not to look for a relatively robust report. The usual reports have been uniformly constructive. This includes, the ADP report, the weekly…

More Thoughts on ECB Decision

European officials must have known they were going to disappoint the market with the decision to simply postpone draining liquidity. The firewall around Greece failed. The firewall around Ireland has failed. The politicians have dropped…

QE2 in the EMU – Not Likely

The US dollar rally continued to soften as the market prepares for the ECB rate announcement. The market expects the ECB to announce additional liquidity provisions to attempt to quell the fears emanating from Europe’s liquidity/solvency…

Water, Wheat and Russia

In a time when there is much discussion of peak oil and the idea that other commodities are less abundant or more costly to access, one issue that might not get enough attention among investors is the shortage of water. Some political…

Dollar Steps Back Ahead of ECB Meeting

The US dollar rally was interrupted against most of the majors as strong Chinese data supported risk. The fears engulfing the euro toned down a little amid speculation that the ECB could take action tomorrow to contain the debt crisis,…

No Solace for the Euro Just Yet

The US dollar continues its rally with the euro the major culprit of the market’s negativity as risks of contagion appear to be spreading to the core. Despite more positive economic data from Germany (this time favorable unemployment…

Euro Comes Off Further in Early NY

The euro continues to come under pressure and is making new lows in early North American turn over despite talk of interest from an Asian central bank. The euro has slipped below its 200-day moving average (~$1.3130) for the first time…

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