A hefty helping of chartage.
Let's see: Twenty-years of Keynesian pump priming in Japan; cost-several trillion Japanese yen; mired deep in deflation with anemic industrial production-priceless! … More…
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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March 2010
Monthly Archive
Hungary Lost its Appetite
A reader shot us an email yesterday to bring up two things: 1. That a good number of analysts he follows is expecting the Canadian dollar to continue strengthening versus the US dollar. 2. That a good number of analysts he follows is expecting the euro to weaken substantially still versus the US dollar. … More…
Tip-toeing a fine line of support
Friday was a good day for the euro. But it wasn't enough to eke out a gain on the week. And that could be very telling.… More…
Trichet surrenders with the troops?
Mr. Jean-Claude Trichet, maximum leader of the European Central Bank (ECB) understands the market implications of this surrender of authority/responsibility. Of course Eurozone state "leaders" seem quite happy to be able to "save our comrade Greece" with other peoples' money. There is unity on that score.… More…
We're fine, but you may want to do something about ...
In other words, don't worry about us; we'll worry about ourselves. But if you do find it in you to lend a helping hand then think about what your efforts might be able to do for the common currency. After all, we're in this together, brothers.… More…
European Monetary Dis-Union and schadenfreude!
Given the German inspiration for the events playing out in the European Monetary Dis-Union, schadenfreude is a word rushing to the front of my think skull this morning as the euro puts in a new low in this cycle against the US dollar.… More…
Will ComDols Play Catch-Up?
We just finalized it yesterday, and it's a quick read, packed with the latest details and graphs on what's tearing apart the Eurozone countries and will ultimately be tugging hard on the euro's ankles for many months to come. … More…
"Our currency isn't undervalued," it is to laugh! But China has real fear.
It's coincidently Orwellian to hear the land of the giant puzzle palace pretend their currency isn't undervalued. The Chinese Ministry of Mis-information is burning the midnight oil, especially now since oil is back under $80 per barrel.… More…
Hodgepodge
US vs. German Yield Spreads - Tracking on the recent dollar index rally...… More…
When It Rains It Pours, in Euroland
The euro was the big loser yesterday, even when most other majors were able to either eke out gains or at least hold their ground versus the buck. Today the buck is higher versus the entire pack.… More…
If Richard is right the US smokes Europe!
Last month, we did notice that US consumer credit rose unexpectedly. It didn't seem to get much press, as all eyes were focused on non-farm payroll.… More…
Your Daily Recommended Allowance of China Opinion
Have a look at this gem from Ambrose Evans-Pritchard: Is China's Politburo spoiling for a showdown with America? I won't comment on it since we've included much of these same ideas frequently in the pages of Currency Currents already; nevertheless he presents these ideas forcefully and succinctly.… More…
Markets Misbehave. Certainty is fantasy!
How many times have you heard this little piece of inanity uttered: "Markets hate uncertainty."? I heard it said on Friday as I was "passing through" one of the TV "financial" shows on my way to the Home and Garden Channel--the only place safe on the dial for me.… More…
Friday Rant.
The US will stop making a political issue out of it when China unleashes that puppy to run freely. How about that? So let's commend President Obama for calling out China's currency policy which could be dubbed "politically dictated", at least.… More…
Targeting the Canadian Dollar Today
Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we'll get Canadian capacity utilization, import and export figures and the trade balance.… More…
Why will the euro eventually goes to par or beyond? Basic macroeconomics!
Remember, macroeconomics is like working with Playdough. When you push on one spot, there is a similar or equal reaction in another...… More…
European Mother Funders (EMF)
You probably read about it already; maybe you didn't ... Being proposed is a European Monetary Fund (EMF) -- similar to the International Monetary Fund -- that could step in and bail out Eurozone countries facing troubled fiscal situations.… More…
Maybe the Buck Loses the Next Race to the Bottom
Now that global recovery is gaining momentum, according to the pundits, and risk appetite is back on the table, maybe the US dollar index is due for correction… More…
A Full Opening Act ... to Keep Traders' Blood Flowing
February US Nonfarm payrolls are reported tomorrow. Typically it's a snooze-fest in the markets for the 24 hours or so leading up to that report.… More…
Greece stabilized? If so, what next for euro? ECB rate cut?
Some analysts have the view that if Greece is stabilized it will prove the euro has passed a major test, and lead to a fresh new rally against the US dollar.… More…
The Free-Market System Couldn't Care Less
From the very first hint at a government stimulus effort in the US, there were plenty voices in the opposition's camp trying to point out the perversity of pumping money into an economy that was already awash with debt and over-leveraged.… More…
Pound pounded, Euro fading, and Reader mail
Ouch! The British pound got hammered this morning...and the euro ain't acting as though the German/French plans to bailout Greece are going so well. Commodity currencies flat...but will likely take their cue from stocks again today.… More…
