Archive for April 8th, 2011

Larry's Blog

A Third Birthday for Currency Thoughts

April 8, 2011

The first two postings on this web site were screened on April 8, 2008.  One provided some biographical information on me, the blogger, and the other addressed my analytical philosophy as a forecaster and market watcher.  This is the 2,718th post, yielding a nice round figure of 906 articles per year or roughly 3-1/2 updates […] More

Foreign Exchange Insights and Next Week

Euro Well-Bid In Spite of Festering Sovereign Debt Problems

April 8, 2011

Seventeen months is an awfully long time for a serious economic problem to fester and play out over and over again in the news, but that’s how long it has been since Europe’s sovereign debt crisis came on the scene with the revelation that Greek politicians had deliberately and substantially understated debt- and deficit-to-GDP ratios.  […] More

New Overnight Developments Abroad - Daily Update

Stronger Euro and Commodity Prices

April 8, 2011

Gold at $1471.20 per ounce is at another record peak. Silver hit a 31-year high of $40.23 per ounce. Oil reached a 30-month high of $111.68 per barrel and is 1.1% stronger on the day. The ECB’s tightening yesterday has buoyed the euro, which at $1.4411 is 0.7% above yesterday’s closing level.  The dollar also […] More