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US Congress Returns to Work after “Santelli” Tea Parties
The Sunday morning news shows featured pundits and politicians squabbling about the “astro-turf” grass roots protests last week - and giving CNBC’s Rick Santelli the credit for “re-starting” the US “revolution”. It is interesting to watch as the mainstream media attempts to marginalize and dismiss the growing anger of the general taxpaying public aka: “the silent majority”. <– Watch this Spot!
Meanwhile - the US Congress Returns to Work
Isn’t it amazing how one political side calls the other “uncompromising” and then does exactly what they accuse of the other! A case in point is the unilateral “Cap and Trade” proposal. Democrat Henry Waxman says he will not compromise on the bill despite the obvious criticism that this would only force the creation of pollution - and jobs - outside of the US borders.
Euro - In the Zone ?
The ECB is squabbling about lowering rates to Zero - yet their continues to be open discussion of taking extra ordinary measures… Someting else to watch…
A Look at the Charts
The EUR-USD and USD-CHF normally display a direct inverse correlation.
A look at the Daily Charts above (click to Enlarge) of both of these may dispel any Euro strengthening for the time being as the USD-CHF seems to be trending higher and the Euro is Testing Support.
USD-CAD - Triangle in Play?
USD-CAD April 19, 2009 and Previous Post from April 12, 2009 (click to Enlarge)
My blog post last week on April 12 showed the Canadian Dollar testing support with a nicetriangle pattern that has re-appeared. That support was shattered the next day and the USD-CAD seems to be grinding it’s way further south for now.
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