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Thursday, January 3, 2013

CNBC.com Evening Brief: Special Currency Trading Edition

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Thursday, Jan. 03, 2013   
  Evening Brief
Special Money In Motion Currency Trading Edition
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MONEY IN MOTION
Money in Motion Tomorrow 5:30p ET
Life Without Tim
Treasury Secretary Timothy Geithner has said that he plans to step down in January, and there are no indications that his plans have changed. After all, he has served since Obama's inauguration – a long time in White House years, and enough to make him the only member of the President's original economic team left standing. So who will replace the Treasury Secretary, and what effect will it all have on the U.S. dollar? We'll let you know.

Earnings and the Dollar
Earnings season kicks off next week, and it is expected to tell us a great deal about the state of the U.S. economy. On top of the numbers, the outlook will be crucially important. Will Washington uncertainty dampen the outlook – or is it full steam ahead for American business? And what would surprisingly bullish earnings mean for risk currencies? We'll discuss, and tell you how to trade it.

Euro Cools Off on Debt Ceiling Jitters
After a huge rally, the euro lost three weeks of gains. Why? It's all about politics. After one difficult budget battle, Congress looks to be setting up for an even more heated debate on the debt ceiling. This sent investors springing for safety, and they leapt right into the open arms of the U.S. dollar. So are dollars a sale until Congress comes to an agreement? We'll help you make sense of the fracas, and tell you how you can trade it.

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