Gold and Oil prices are plunging, triggering a 400 pip slide in the Canadian dollar from Friday’s high, a 300 pip drop in the Austrailian dollar and a 200 pip decline in the New Zealand dollar.
Could the commodity currencies fall further? Yes.
According to the Baltic Dry Index charts below, commodity prices [...]

Posted in Australian Dollar, Baltic Dry Index, Canadian Dollar, Carry Trades, New Zealand dollar 4 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 07:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Citigroup Plans Layoffs
Commodity Prices Continue to Slip
Philadelphia Fed Index Beat Expectations
UK Retail Sales Stronger Than Expected
Airliners and Automakers in trouble
Are Oil and Gold Prices Turning [...]

Posted in Bank of England, Citigroup Layoffs, Crude Oil Prices, FX Radio, Forex Podcast, Gold, retail sales No Comments »

A good laugh to start the morning, courtesy of Minyanville

Posted in Bernanke No Comments »