July 25, 2018
* Currencies can’t find a bid on Tuesday
* Subsidies to offset tariffs?
Good Day… And a Wonderful Wednesday to you! I’m sure hoping that my time away from home for the next two weeks, is better for my sleep time! Because I’m tired of what’s been going on here these nights! Yes, the day will finally arrive very early tomorrow morning when I board a plane going south! And this year, the whole family is going to be there with me! Usually it’s Andrew, Rachel and Braden, along with Alex that go with us this time of year. Dawn, Jerry, Delaney and Everett, usually go in the spring for Spring Training games, and warm weather. But this year, Dawn & family are going too! It’ll be a crowded little condo that we own, but we’re all family, so who cares, right? Jr. Walker and the All-Stars greet me this morning with their song: What Does It Take… (love that song!)
For my last Pfennig before vacation, I’m going to be nice and sweet, no harping on or calling people dolts, including ..
July 24, 2018
* Currencies and metals give back most of their Friday gains
* A check on Russian fundamentals on the docket today…
Good day… And a Tom Terrific Tuesday to you! At this point, we’re going to have to hope for a turn-around Tuesday to take the starch of the dollar’s collar. I sat outside with good friend Duane last night to watch the Cardinals blow yet another game late… Our rookie pitcher, making his major league debut, pitched 7 no-hit innings, but the bullpen blew the leas and he was not awarded a win, nor were the Cardinals… I said to Duane, “well, that’s what happens when you only score 1 run, you lose 2-1”… UGH! I’m about to wave the white flag on the Cardinals’ season, folks… The Beatles greet me this morning with their classic rock song: The Long & Winding Road…
Well, the overnight selling of the currencies from Sunday night, continued throughout the day on Monday… Why on earth, would investors/ traders/ hedge fund managers, be thinking that the dollar is the ..
July 23, 2018
* Currencies and metals rally on Friday!
* Trump doesn’t appreciate the rate hikes!
Good Day… And a Marvelous Monday to you! A very nice weather-wise weekend here in the St. Louis area, led to a lot of outside time for me! Warm but not excessive heat, I loved it! My beloved Cardinals didn’t have the weekend series with the rival Cubs turn our the way they wanted… But boy did Matt Carpenter have “a day” on Friday… I texted my baseball buddies yesterday to say, that I have officially given up on Marcel Ozuna, not that most of you care, but that’s pretty bad when I give up on a player… I sure hope he proves me wrong! Yes, greets me this morning with their classic rock song: Roudabout…
Well, Friday’s price action in the currencies saw the dollar’s worst day in over two weeks… Seems the dollar bugs got spooked when President Trump not only blasted the Fed and their rate hikes one day, but came back for more for day two! Seems that Trump doesn’t appreciate the Fed hiking r..
July 19, 2018
* Euro loses a full cent!
* Gold sees an $11 gash this morning!
Good Day… And a Tub Thumpin’ Thursday to you! I’m hoping to recharge my batteries early this morning, so I am able to participate! It was a very late night for yours truly, but one that was well worth it! Delaney Grace was on stage at the Muny! If you’ve ever been to St. Louis in the summer, you’ve probably heard or had the opportunity to see a production at the Muny… And there was my little bundle of joy, dancing and singing on the stage! She was GREAT! And she’ll be back on stage for nightly presentations of ANNIE for a week! The Kinks greet me this morning with their song: Sunny Afternoon…
Well, I think I had better be getting my things in order to walk away from all this… Recall I told you a couple of weeks ago that if things didn’t work they way I described them that I would have to really “retire”, as my credibility would be shot! And judging from what happened in the overnight markets last night..
July 18, 2018
* Gold gets whacked badly!
* Currencies get sold again!
Good Day… and a Wonderful Wednesday to you! I had a great time with my grandson, Braden, yesterday, and at the end of the day he said I was his BFF! Well, I can tell you this right here, right now, that the title BFF wouldn’t last 2 minutes if I refused to let him swim in the pool! But for now, I’m beaming like a proud BFF… The All-Star Game last night, was pretty light on highlights, and after about 4 innings, it no longer held my attention! And no I’m not ADHD! Or whatever the letters that are used to describe someone with no ability to focus and sit tight! I did see this morning though that 10 home runs were hit in the game that ended up 8-6 AL… Bob Marley greets me this morning with his song: 3 Little Birds… Don’t worry, cause every little thing is gonna be alright…
My Monday Pfennig was titled: Could We All Just Get Along? And after the Helsinki summit where President Trump met Russian President Putin, I ne..
July 17, 2018
* A nothing day for currencies & metals on Monday
* Cut the pork, will you Lawmakers?
Good Day… And a Tom Terrific Tuesday to you! Well, my busy day yesterday, got to me about mid afternoon, and I was wiped out, took a long nap, and was then ready to watch the Home Run Derby… I’m reminded of a HRD of years ago, when I was recovering from my two major cancer surgeries, and my colleagues, Chris, Mike, and Christine, came to visit with me… Good memories… One of my doctors told me yesterday, that I’m his best patient, and that he loved it when I came in! WOW! My grandson, Braden is coming to spend the day with me… Just me and Braden, I wonder how this turns out! HA! Seals & Crofts greet me this morning with their song: Summer Breeze…
Well, yesterday’s trading was a lot of nothing.. No major movements anywhere, the Dollar Index at the end of the day stood at 94.55, and it began the day at 94.53… Gold lost 80-cents on the day! Have the Dog Days of Summer come upon us alre..
July 16, 2018
* Consumer Debt Soars In June!
* Currencies attempt to come back!
Good Day… And a Marvelous Monday to you! Thanks so much for understanding my plight last Thursday I must have scared a few people, as even my good friend, Duane, sent me a text, asking me if I was OK? It all passed by Thursday afternoon, and Friday was a new day, full of sunshine and lollipops! I have no idea why the medicine whacks me out like that sometimes… But, I guess I have to say thanks to the Lord, that it doesn’t whack me out like that all the time! The Pousette Dart Band greets me this morning with their song: Amnesia… I hope that it’s only amnesia, believe me I’m sick but not insane!
The currencies fought back on Friday to gain a bit VS the dollar, on the day. The week of relatively little economic data came to and end last Friday with a weaker Consumer Confidence Index for July, printing at 97.1 down from June’s 98.2… On Thursday last week, the U.S. printed its Federal Budget number, and i..
July 13, 2018
Good Day… And a Tub Thumpin’ Thursday to you! I’m not going to be able to participate in the Tub Thumpin’ today, folks… In fact this is going to a record for the shortest Pfennig ever! The meds have whacked me out, I was awake almost half the night, and finally got to sleep when the alarm went off… I’ve tolerated this new chemo to a degree, and that has been run over with a Mack Truck this morning… So, I’ll give you the currency roundup, and head back to bed, hopefully by noon or so, this death warmed over feeling will have stopped!
There’s been more dollar buying overnight, and the currencies all are getting knocked around, along with the price of Oil and the Gold, I guess it’s a good thing I’m not commenting on all this today, I would probably say something that got me in deep dookie…
Currencies today 7/13/18…. American Style: A$ .7383, kiwi .6758, C$ .7576, euro 1.1652, sterling 1.3190, Swiss $1.0014, European Style: rand 13.4350, krone 8.1152, SEK 8.8675, forint ..
July 11, 2018
* The boys in the band show up Tuesday
* Currencies once again get sold overnight…
Good day… And a Wonderful Wednesday to you! I went out and made sure that I had a Tom Terrific Tuesday yesterday… Did you? I sure hope so, but if not, you can make it up today with a Wonderful Wednesday! I see my beloved Cardinals won last night, when I went to bed the score was 4-2 in favor of the Cardinals. And they wound up with a football score winning 14-2… The Marshall Tucker Band greets me this morning with their song: Heard It In A Love Song…
Well, the currencies didn’t move much yesterday, if anything they firmed up a bit, as the bounce from the dollar in the overnight markets Monday night was brought to an end. Last night in the overnight markets saw the same kind of trading we saw the previous night, with the dollar being bought, for some unknown reason… Oh, there’s the usual suspect of excuses for this dollar buying… The Fed’s on a faster pace to hike rates, a flight to s..
July 10, 2018
* Currencies get whacked in the overnight markets…
* What’s up with Chuck today?
Good day… And a Tom Terrific Tuesday to you! I hope your Monday was Marvelous, as mine was… It’s very quiet here, when I’m all alone, and that’s a good thing! I think I gave a dear reader a heart attack the other day, I guess my fat fingers reported the ruble price as 22.94… When it was really 62.94… Darn fat fingers… No baseball last night to complain about. HA! I broiled me a nice big fat steak last night, sautéed some mushrooms to go with it, had a salad, and a bottle of wine… It was a great meal for me, especially since I’m here by myself! The Great Jimmy Buffett, greets me this morning with his song: Fins… You’ve got fins to the left, fins to the right and your the only girl in town!
Well, we didn’t see any further gains in the currencies yesterday, and in fact there could have been some slippage, but it was difficult to tell, given the tight ranges the currencies trade in. Gold w..