And the week isn't even over yet ...
The FOMC did nothing yesterday, as expected. The markets were crazy early on ... and then again following the meeting. (A whole lot of jockeying, as Jack likes to say.)…
About Currency Currents
With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.
We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.
Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.
Who is Jack the Pipper?
Jack Crooks is Black Swan Capital LLC, President and Chief Trading Officer.
Jack is founder and president of Black Swan Capital LLC. He has also operated a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. In addition, he was general partner in a firm specializing in currency futures and commodities trading. Neither firm is now in operation.
Prior to entering the investment arena, Jack worked in various corporate finance positions. He has written extensively on the subject of global currencies and international economics.
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Archives
Currency Currents
Change in Gold-Dollar Correlation
We recently warned of the potential for changing correlations, no sooner was the ink dry than we noticed a a big one concerning gold and the US dollar index...…
Who leads and who follows...
I recently downloaded Caesar's Confessions on to my I-pod so I could listen while doing my strenuous exercise, which consists of a walk around the neighborhood once the US session is finished.…
Glenn Stevens says no more carry-trade, for now ...
The profit-taking may have already begun after seeing the US dollar muster up strength here and there over the last couple days. But either way, RBA governor Glenn Stevens and his boys are seeing that the profit taking lasts a little bit longer.…
A Potential Premise that Fools the Crowd Big Time!
Excess Reserves on Bank Balance Sheets...this chart is almost comical in its appearance. Thus, no surprise lending to the real economy has declined this year as financial markets soared...but still hard to fathom given the weight of all that money...…
Things that still frighten us on Halloween Eve
We are quite happy to see the IMF upgraded Asian growth. We were pleasantly surprised with the better than expected GDP report yesterday. We are looking forward to eating belling busting barrels of candy tomorrow.…
Will Stronger US GDP Put the Heat Back on the Dollar?
In Florida we have two seasons: summer and not-summer. And even though the leaves don't really change colors, the ocean temperature hasn't budged and we still need our central air conditioners as we inch toward November, we think we can still feel a change happening.…
Currencies and Straight Jackets
McGee reduced the price for a beer this month to 3.50 euros ($5.18) at his hostelries after the pound's 12 percent drop against the euro in the past year led customers from the U.K. province of Northern Ireland to stay home.…
Eurozone Economy is Going to Zero
Would you think I was crazy if I said I am 100% certain the value of the Eurozone economy would eventually fall to zero?…
Dow Theory suggests caution...could be dollar bullish
I am a little hazy this morning after a long flight back to south Florida last night from a trip to Vancouver this weekend. But it was worth it.…
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