http://www.fxstreet.com/fundamental/market-view/currency-currents/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-06.htmlKey News The world’s biggest central banks are starting to unwind emergency measures introduced earlier this year to stave off a second Great Depression. (Bloomberg) German factory orders rose for a seventh month in September.  (Bloomberg)   Quotable  “The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.”  Fri, 06 Nov 2009 13:46:16 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-06.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-05.htmlKey News China faces WTO complaint over exports (Financial Times) JOHANNESBURG, Nov 5 (Reuters) - Confidence in South Africa's economy fell to a one-year low in October as demand and manufacturing capacity were seen taking longer to recover, with high power costs further curbing growth and fuelling inflation. Lending must support the real economy (Financial Times)   Quotable  “People ask me what I do in the winter when there's no baseball. I'll tell you what I do. I stare out theThu, 05 Nov 2009 14:05:10 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-05.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-04.htmlKey News The euro zone's dominant service sector expanded for the second consecutive month and at its fastest pace in 22 months, led by France. (Reuters) The interbank cost of borrowing dollars for three months was fixed at a record low for a third straight session on Wednesday. (Reuters)  Fitch downgraded Ireland's long-term rating to 'AA- ' from 'AA+', with a stable outlook. It said the move reflected the severity of the decline in nominal GDP and the exceptional rise in governmentWed, 04 Nov 2009 14:54:44 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-04.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-03.htmlKey News Retail banks pounce after RBA lifts interest rates to 3.5pc (The Australian) The mother of all carry trades faces an inevitable bust (Financial Times) Manufacturing output rises across the world (Financial Times)   Quotable  “UBS just posted ugly results that bode ill for European bank results and CIT just filed for bankruptcy. This raises the question: isn't it too early to pay back government money?”Tue, 03 Nov 2009 14:36:14 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-02.htmlQuotable     “Rather than deal with these simple problems with simple, obvious solutions, the official reform plans are complicated, convoluted and designed to only have the veneer of reform while mostly serving the special interests. The complications serve to reduce transparency, preventing the public at large from really seeing the overwhelming influence of the banks in shaping the new regulation.    “In dealing with the continued weak economy, our leaders are soMon, 02 Nov 2009 15:00:41 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-11-02.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-30.htmlKey News Retail sales in Germany, Europe’s largest economy, unexpectedly fell for a second month in September. (Bloomberg) China will sustain its economic rebound this quarter and growth is likely to top the government’s 8 percent target for 2009, the central bank said. (Bloomberg) Japan's unemployment rate fell for the second straight month. (Reuters) South Africa's government policy is not determined by the ruling African National Congress' labour and communist allies, President Jacob ZumaFri, 30 Oct 2009 13:00:33 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-30.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-29.htmlKey News China to investigate US car subsidies China is preparing to launch a trade investigation into whether US carmakers are being unfairly subsidised by the US government, according to people familiar with the matter. (Financial Times) Economy in U.S. Expands for First Time in More Than a Year Amid Stimulus (Bloomberg)     Quotable  “The credit data on both sides of the Atlantic are hard to square with market expectations of a "V-shaped" recovery. Experts at the ECB and theThu, 29 Oct 2009 13:27:39 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-29.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-28.htmlKey News & Views Bill Gross tells CNBC the dollar index will make a new low.  Editor Note: That’s a shock! Mark Faber tells Bloomberg the US dollar will eventually go to zero.  Editor Note: Mark, by then your great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great grandchildren won’t remember your ponytail once the world is on a Turkish lira based monetary system.      Quotable  For Missing theWed, 28 Oct 2009 13:06:57 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-28.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-27.htmlKey News Hungary to Emerge From Economic Crisis as Global Fiscal Leader, BofA Says Hungary is poised to emerge from the global recession as a leader in fiscal health as years of economic pain brought on by government austerity measures pay off, according to Bank of America Merrill Lynch. (Bloomberg) [Editor’s Note: Yes, you read that right.]   Quotable  “This is how humans are: we question all our beliefs, except for the ones we really believe, and those we never think toTue, 27 Oct 2009 13:37:31 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-27.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-26.htmlKey News A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar. (Reuters) Spanish producer prices fell 5.4 percent year-on-year in September. (Reuters) German Chancellor Angela Merkel's new center-right government will take office Wednesday with a policy program that foresees heavy deficit spending to support the fragile recovery in Europe's biggest economy. (WSJ)   Quotable  “What is still lackingMon, 26 Oct 2009 13:39:35 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-26.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-23.htmlKey News • Bank of England Is More Likely to Expand Bond Purchases After Slump in GDP (Bloomberg) • German Business Confidence Rises to 13‐Month High as Recovery Accelerates (Bloomberg) Quotable “Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. True friendship is a plant of slow grow, and must undergo and withstand the shocks of adversity before it is entitled to the appellation.”Fri, 23 Oct 2009 13:35:53 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-23.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-22.htmlKey News China's Economy Expands 8.9%, Increasing Pressure for an End to Stimulus (Bloomberg) China’s September data suggest that the long-term overcapacity problem is only intensifying (China Financial Markets -- Michael Pettis)   Quotable  “It would be fantastic for the entire country from coast to coast,” she said. “It will be great for TV and keep everybody riveted. It would be two centerpiece teams, two icons, two legendary franchises that could have at it. Of course, we willThu, 22 Oct 2009 13:17:47 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-22.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-21.htmlKey News India's economy will grow 6.5 percent this fiscal year, with strong industrial output making up for declines in agriculture because of poor rains, the Prime Minister's office said Wednesday. China on Wednesday urged banks to be more alert to risks from their breakneck lending and also warned them to brace for a policy shift. (Reuters) South Korean exports this month will probably fall between 11 percent and 13 percent from a year earlier, the customs agency said, steeper than inWed, 21 Oct 2009 12:46:15 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-21.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-20.htmlKey News China Set to Impose New Tariffs on Nylon -- The ruling affects imports of Nylon 6, or polycaprolactam, which is used to manufacture a variety of products, ranging from toothbrushes to gun frames to chiffon. Starting Tuesday, China will require importers to pay deposits on Nylon 6 imports from foreign companies judged to be selling the material in China for less than a fair price. (Wall Street Journal) Bernanke Warns on Imbalance Risks -- Ben Bernanke said on Monday that it wasTue, 20 Oct 2009 13:01:14 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-20.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-19.htmlKey News Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. (Bloomberg) Quotable – Trying to do business in China? Good luck! "The promise—and frequent disappointment—of doing business in China has been a common theme since at least the 19th century, when weavers in Manchester were said to dream of adding a few inches to every shirttail in China. Thanks to recession at home, foreign firms are keener than ever to capitalise on China’s growth. ButMon, 19 Oct 2009 13:45:31 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-19.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-16.htmlKey News The Obama administration said on Thursday that it had “serious concerns” about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress. (FT) Key Reports Today Quotable Horatio: He waxes desperate with imagination. Marcellus: Let's follow. 'Tis not fit thus to obey him. Horatio: Have after. To what issue will this come? Marcellus: Something is rotten in the state of Denmark. Horatio: Heaven will direct it.Fri, 16 Oct 2009 14:13:29 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-16.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-15.htmlKey News Fed Officials Question Durability of U.S. Expansion, Discuss Aid Increase (Bloomberg) Dollar May Decline to 50 Yen, Lose Reserve-Currency Status, Sumitomo Says (Bloomberg) EU warns UK’s debt is ‘unsustainable’ (The Independent) Quotable “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. PeopleThu, 15 Oct 2009 12:59:58 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-15.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-14.htmlKey News China’s exports fell the least in nine months in September and new lending grew by more than economists forecast as the world’s third-largest economy leads the recovery from the global recession. (Bloomberg) Confidence in the world economy rose for a third straight month in October. (Bloomberg) Live Webinar Event Today  Courtesy of Tom Busby’s DTI, Black Swan will present a live webinar Topic: Key FX Market Themes and Opportunities Time:  12:00 Noon EDT (11:00 a.m. CDT) ToWed, 14 Oct 2009 12:32:23 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-14.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-13.htmlKey News German Investor Confidence Unexpectedly Drops as Economy Remains `Fragile' (Bloomberg) U.K. Inflation Rate Declines More Than Forecast to Five-Year Low of 1.1% (Bloomberg) Czechs try to resolve Lisbon impasse (Financial Times)   Quotable  “The Belief that man is outfitted with an immortal soul, differing altogether from the engines which operate the lower animals, is ridiculously unjust to them. The difference between the smartest dog and the stupidest man—say a TennesseeTue, 13 Oct 2009 14:13:09 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-13.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-12.htmlKey News Investors outside the U.S. are purchasing companies in the Standard & Poor’s 500 Index at the cheapest valuations on record, their buying power boosted by a seven- month decline in the dollar.  (Bloomberg) The British government is holding a fire sale of public assets including the undersea Channel rail link to raise 16 billion pounds ($25 billion) as Prime Minister Gordon Brown warned on Monday that the country is "only halfway there" in overcoming the recession. (AP)  Mon, 12 Oct 2009 12:24:04 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-12.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-09.html Key News Federal Reserve Chairman Ben S. Bernanke said the central bank will be prepared to tighten monetary policy when the outlook for the economy “has improved sufficiently.” (Bloomberg) China will carry on with its fiscal stimulus and loose monetary policy as the country's economic recovery is not yet on a solid footing, Chinese Vice President Xi Jinping said on Friday. (Reuters) German exports unexpectedly fell for the first time in four months in August. (Bloomberg) Quotable “HowFri, 09 Oct 2009 14:33:12 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-09.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-08.htmlKey News Commodities, Stocks Rally as Alcoa Earnings Top Estimates, Dollar Declines (Bloomberg) Latvia `on the Edge' After Government Mortgage Plan, Cicero's Oates Says (Bloomberg) Final estimate for US budget deficit at $1,400bn (Financial Times) The government took in $2,100bn in fiscal 2009, a 16.6 per cent drop from the previous year as the recession led to sharp declines in individual and corporate income taxes, CBO said.     On the other half of the ledger, outlays increasedThu, 08 Oct 2009 13:07:39 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-08.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-07.htmlKey News The euro zone's economy shrank more than previously thought in the second quarter of 2009, data showed on Wednesday, because contributions from household demand and trade turned out to be smaller than initially estimated. (Reuters) Millions of American job-hunters risk permanent unemployment as industries undergo radical change and some skills become irrelevant in the wake of the worst U.S. economic recession in 70 years. (Reuters)   Quotable  “Hope always seems to springWed, 07 Oct 2009 12:38:27 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-07.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-06.htmlKey News Stiglitz Says Markets Are `Irrationally Exuberant' About Economic Recovery (Bloomberg) Euro Aspirants Must Stabilize Their Economies Before Adoption, Sramko Says (Bloomberg) First G20 economy to tighten policy since crisis  (Financial Times) UK industry weakest since 1987 (Financial Times) Quotable   “A man of genius can hardly be sociable, for what dialogues could indeed be so intelligent and entertaining as his own monologues?”        ArthurTue, 06 Oct 2009 12:51:37 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-06.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-05.htmlKey News • Plans to restructure the global economy faced a reality check on Monday when the head of the European Central Bank flatly rejected the idea that the euro should rise against the dollar to cut trade imbalances. (Reuters) • U.S. service industries expanded in September for the first time in a year as the emerging recovery spread from housing and factories to the broader economy. (Bloomberg)   Quotable   “While financial markets keep feasting on the global liquidity glut,Mon, 05 Oct 2009 17:44:43 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-05.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-02.htmlKey News Stocks fell around the world for a second day, commodities dropped and the yen rose on speculation rising unemployment will damp the global economic recovery. (Bloomberg) Quotable Prospero: Our revels now are ended. These our actors, As I foretold you, were all spirits, and Are melted into air, into thin air: And like the baseless fabric of this vision, The cloud-capp'd tow'rs, the gorgeous palaces, The solemn temples, the great globe itself, Yea, all which it inherit, shall dissolve,Fri, 02 Oct 2009 12:16:54 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-02.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-01.htmlKey News Oil Refiners May Violate Credit Agreements as U.S. Fuel Demand Sputters (Bloomberg) IMF Raises 2010 Global Forecast to 3.1% From 2.5% as Asia Leads Recovery (Bloomberg) Gold Tells You U.S. Bubble Hasn't Popped Yet: Alice Schroeder (Bloomberg) Quotable “Arbitrary power is most easily established on the ruins of liberty abused to licentiousness.” George Washington FX Trading – Central Bankers Seek a Dollar Bottom; Bonds Favored Over Stocks? The Bank of England last week made commentsThu, 01 Oct 2009 13:17:45 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-10-01.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-30.htmlKey News Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis. (Financial Times) German unemployment rose in September. (Bloomberg) South African credit growth slumped to its lowest in almost 43 years in August. (Bloomberg) Australian retail sales, approvals to build private homes and bank mortgage lending jumped in August. (Bloomberg) China's manufacturing expanded in September for a sixth month and employment rose at itsWed, 30 Sep 2009 12:48:34 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-30.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-29.htmlKey News Volcker Says Rise of China Underscores Decline in U.S. Economy, Leadership (Bloomberg) Europe Confidence in Economic Outlook Rose to a 12-Month High in September (Bloomberg) Yen weakens as finance minister backpedals (Financial Times) Quotable “People only see what they are prepared to see.” Ralph Waldo Emerson FX Trading – A Crude Indicator for the Real Economy Greater-than-expected confidence numbers again come out of Europe. The status relative to historical numbers can be seen inTue, 29 Sep 2009 13:23:46 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-29.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-28.htmlKey News • Japanese Prime Minister Yukio Hatoyama said on Monday that the recent rise in the yen has been tough for small firms. (Reuters) Quotable “Good pitching will always stop good hitting and vice-versa.” Casey Stengel FX Trading – Yen—Yikes! Talk about fundamental disconnect—yikes! Traders are all over the Japanese yen—it is the soaring against all comers. Some traders are eyeing the 85 level, an area not seen since 1995. Other than a belief Japan’s Finance Minister, Hirohisa Fujii, isMon, 28 Sep 2009 13:42:21 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-28.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-25.htmlQuotable   “Credit expansion is the governments’ foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous. The final outcome of the credit expansion is general impoverishment."   Fri, 25 Sep 2009 13:08:49 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-25.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-24.htmlKey News • Paul Volcker, Lord Turner & the EU’s new take on the intoxicating effects of global finance (Naked Capitalism) • Germany Will Borrow Less Than Planned as Recession Ends, Confidence Gains (Bloomberg) • Fed Signals Return of U.S. Growth Insufficient to Withdraw Record Stimulus (Bloomberg) • Pound slides after King backs weaker currency (Financial Times)   Quotable  “Why then is Lehman’s failure perceived to be such a problem? The major complaint, and the only persuasiveThu, 24 Sep 2009 12:50:36 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-24.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-23.htmlKey News • The cost of goods leaving South African factories and mines fell an annual 4 percent in August, the fourth consecutive decline. (Bloomberg)   Live Webinar Event Today - Black Swan Capital, Courtesy of Tom Busby’s DTI   Topic: Interest rate rules and expectations as it impacts currency prices Time: 11:30 a.m. EST To register: Please click here   Quotable  “Credit expansion is the governments’ foremost tool in their struggle against the market economy. In theirWed, 23 Sep 2009 13:33:02 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-23.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-22.html  Key News • Bernanke Effort to Accelerate Growth May Be Undermined by Loan Contraction (Bloomberg) • China's Stimulus Delays Efforts to Make Consumers Drive Economy, ADB Says (Bloomberg)   Quotable  “The stimulus that we have still got to give the world economy is greater than the stimulus we have already had. What we want to do is safeguard a recovery from a recession we feared would develop into a depression.” Tue, 22 Sep 2009 12:54:09 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-22.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-21.htmlKey News China Can't Get Enough Treasuries as Dollar No Deterrent to Foreign Buyers (Bloomberg) Merkel, Steinmeier Face Economic ‘Mess’ as Stimulus Peters Out (Bloomberg) Quotable “All ‘public interest’ legislation (and any distribution of money taken by force from some men for the unearned benefit of others) comes down ultimately to the grant of an undefined undefinable, non-objective, arbitrary power to some government officials. The worst aspect of it is not that such a power can be usedMon, 21 Sep 2009 12:56:49 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-21.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-18.htmlKey News • For the first time in nearly two years, American households grew a little wealthier in the second quarter. (WSJ) • The UK government borrowed another 16.1 billion pounds ($26.3 billion) during August -- a record for the month. (AP) Quadruple Witching Today – Stay Tuned   Quotable  First witch: When shall we three meet again, Second witch: In thunder, lightning, or in rain? When the hurly-burly's done, When the battle's lost and won. Third witch: That will be ere the set ofFri, 18 Sep 2009 13:08:10 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-18.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-17.htmlKey News Initial Jobless Claims in U.S. Unexpectedly Decreased to 545,000 Last Week (Bloomberg) Bank of Japan Sees `Downside' Risks to Economy, Keeps Rate Target at 0.1% (Bloomberg) Quotable  “Everything worthwhile is a good idea, but did you ever notice there is more bad ideas that will work than there is good ones?” Will Rogers FX Trading – Recession Over? US Dollar Over? It’s turning out to be a long September down a one-way street for the buck. The decisions of investors who’ve jumpedThu, 17 Sep 2009 13:21:18 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-17.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-16.htmlKey News •  Confidence in the world economy held at a record high in September. (Bloomberg) • Unemployment in the industrialized world will hit its highest level since World War II next year. (AP)   Quotable  “It's only hubris if I fail."  Julius Caesar   FX Trading – Ode to the Outlaw Goldbug   My father in-law, the family gold bug, makes sure I know that gold is going up, in case I haven’t noticed. He’s loaded to the gunnels with gold and silver (no bomb shelterWed, 16 Sep 2009 13:32:27 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-16.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-15.htmlKey News South African Rand Rises to 13-Month High as Finance Minister Signals No Intervention (Bloomberg) Europe's Two-Speed Economy Complicates ECB's Job as Spain, Ireland Slip (Bloomberg) US credit shrinks at Great Depression rate prompting fears of double-dip recession (Telegraph) Black Swan Capital Live Webinar Event , Courtesy of Mirus Futures Topic: A discussion of US dollar scenarios: controlled decline, crisis, or recovery Date: Today - Tuesday 15 September 2009 Time: 4:30 p.m. EDTTue, 15 Sep 2009 12:23:11 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-15.htmlhttp://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-14.htmlKey News   • A U.S. decision to impose special duties on Chinese tires could open the door to a host of trade complaints against Chinese products, creating tensions as Western nations seek Beijing's support at the G20 meeting. (Reuters) • Euro zone industrial output fell in July and employment dropped again in the second quarter. (Reuters) • U.K. banks are less than half way through posting 240 billion pounds ($398 billion) of losses on loans and securities, according to Moody’s InvestorsMon, 14 Sep 2009 13:04:10 GMThttp://www.fxstreet.com/fundamental/market-view/jcrooks@blackswantrading.com (Black Swan Capital)http://www.fxstreet.com/fundamental/market-view/currency-currents/2009-09-14.html