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.
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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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.… More…
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.… More…
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.… More…
Would you think I was crazy if I said I am 100% certain the value of the Eurozone economy would eventually fall to zero?… More…
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.… More…
There's a very good and little‐known movie starring Anthony Hopkins. The title: World's Fastest Indian. It's about a New Zealand man who made it his life's goal to break the land speed record on his motorcycle. It's been called a "feel‐good" story.… More…
You can look at crude oil lately; or you can look at the Reuters-Jefferies CRB Index. Either way you're probably going to come away with the idea that commodity prices have been rising.… More…
Mervyn King delivered a speech yesterday on banking reform, and the market seemed to like it--as the pound has surged… More…
Let me just run through some timely market developments and when I'm finished I want you to tell me how you perceive the markets; though it's rather obvious how the consensus is feeling ...… More…
It's starting to remind me of queue of people trying to squeeze past one another, pushing toward the window to buy those last few concert tickets on sale. But in the $'s case, they ain't pushing up to the window to buy.… More…
Richard Berner is an economist from Morgan Stanley--I think he is very good. He made these comments in a research note recently regarding the US dollar [our emphasis]… More…
Pent-up demand and sellers running for cover explains the move by the British pound today. Granted, it was comments from a Bank of England official who sparked the move.… More…
Stocks, and currencies to a degree, meandered all day yesterday in wait of Intel to report earnings after the bell. The chip boys didn't disappoint. … More…
Yesterday, Mexican industrial production slid by 7.3% year-over-year in August, worse than the expected 6.2% decline and the previous drop of 6.5%.… More…
Economics is a wonderfully confusing field of study. The debate on the US dollar proves once again the words economics and science should never be used in the same sentence.… More…
A lot of people believe the stock market peaked around October 2007. In the proverbial nominal terms, that is true. But if we consider the two major classes of assets: real stuff (which is real tangible value best depicted by gold) … More…
It almost seems as if we're witnessing a veteran prize fighter on the decline, not only failing to win fights but taking brutal beatings along the way.… More…
Latvia is under severe pressure, to say the least. Take a look at the GDP % change year over year… More…
A few headlines I saw this morning - have a look: Swiss franc rises towards parity vs dollar … More…
Buy the rumor sell the news? The Australian dollar is sharply higher again today against the buck--which is taking on the chin once again.… More…
I'm so tired...I stayed up late reading last night....falling asleepppp at the keyboardddd....zzzzzzzzzzzzzzzzzzzzz!… More…
The Bank of England last week made comments regarding some recent weakness in the British pound. It was seen as a potential boost to the UK economy as they'd love to resuscitate what external demand for their exports,… More…
