tag:www.babypips.com,2013:/blogs/currency_currents//27 2013-06-18T16:39:38Z 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. tag:www.babypips.com,2013:/blogs/currency_currents//27.9973 2013-06-18T16:20:05Z 2013-06-18T16:39:38Z

"I am not sure I get what the ECB tries to convey with this," said Deutsche Bank senior European economist Gilles Moec.

Jack the Pipper "I am not sure I get what the ECB tries to convey with this," said Deutsche Bank senior European economist Gilles Moec. tag:www.babypips.com,2013:/blogs/currency_currents//27.9950 2013-06-13T03:27:36Z 2013-06-13T18:23:52Z

As you likely know, there has been a lot of damage to emerging market stocks, bonds, and currencies on a relative basis compared to the developed world markets. And you may remember that not too long ago emerging/developing market (EMs)finance ministers were beating the drums of "currency war."

Jack the Pipper As you likely know, there has been a lot of damage to emerging market stocks, bonds, and currencies on a relative basis compared to the developed world markets. And you may remember that not too long ago emerging/developing market (EMs)finance ministers were beating the drums of "currency war." tag:www.babypips.com,2013:/blogs/currency_currents//27.9945 2013-06-12T01:45:15Z 2013-06-13T18:22:35Z

On Friday I discussed the potential European Central Bank President Mario Draghi would open his mouth. Perhaps the odds are increasing and Draghi will offer reassurances on the eurozone economy.

Jack the Pipper On Friday I discussed the potential European Central Bank President Mario Draghi would open his mouth. Perhaps the odds are increasing and Draghi will offer reassurances on the eurozone economy. tag:www.babypips.com,2012:/blogs/currency_currents//27.9052 2012-12-11T17:25:16Z 2013-06-13T07:26:58Z

US exports slouched in October. Actually, they tanked so badly the trade deficit widened despite a drop in imports.

Jack the Pipper US exports slouched in October. Actually, they tanked so badly the trade deficit widened despite a drop in imports. tag:www.babypips.com,2012:/blogs/currency_currents//27.8293 2012-07-06T03:14:58Z 2012-07-06T13:33:28Z

To some degree, it seems Saudi Arabia is alleviating some geopolitical premium in crude prices, as the world's top producer has not pared back its production despite a pullback in demand.

Jack the Pipper To some degree, it seems Saudi Arabia is alleviating some geopolitical premium in crude prices, as the world's top producer has not pared back its production despite a pullback in demand. tag:www.babypips.com,2012:/blogs/currency_currents//27.8270 2012-07-03T13:23:51Z 2012-07-03T13:35:12Z

Corn prices have gone ballistic in the last two weeks as supplies are hurt and further threatened by a heat wave. But the move in corn prices is primarily due to traders running away screaming "Auntie Em! Auntie Em!" ... rather than jumping on any prospects for a sustained bullish uptrend.

Jack the Pipper Corn prices have gone ballistic in the last two weeks as supplies are hurt and further threatened by a heat wave. But the move in corn prices is primarily due to traders running away screaming "Auntie Em! Auntie Em!" ... rather than jumping on any prospects for a sustained bullish uptrend. tag:www.babypips.com,2012:/blogs/currency_currents//27.8239 2012-06-27T15:42:52Z 2012-06-27T15:56:13Z

We get a sense global liquidity is draining back to the center from the periphery. We know we are not alone in this view, as many have warned about the European banking system's deleveraging globally, i.e. reducing loan exposure.

Jack the Pipper We get a sense global liquidity is draining back to the center from the periphery. We know we are not alone in this view, as many have warned about the European banking system's deleveraging globally, i.e. reducing loan exposure. tag:www.babypips.com,2012:/blogs/currency_currents//27.8256 2012-06-25T14:06:25Z 2012-07-01T14:08:42Z

Pontificating from our "armchair economist" perch today; with a two-handed analysis: On the one hand, Germany's grand strategy of forced austerity in order to create low cost manufacturing zones for German industrialists across the Eurozone (or "Greater Germany" as realists are implicitly viewing it) and its continuous captive market export demand form said Eurozone are in jeopardy.

Jack the Pipper Pontificating from our "armchair economist" perch today; with a two-handed analysis: On the one hand, Germany's grand strategy of forced austerity in order to create low cost manufacturing zones for German industrialists across the Eurozone (or "Greater Germany" as realists are implicitly viewing it) and its continuous captive market export demand form said Eurozone are in jeopardy. tag:www.babypips.com,2012:/blogs/currency_currents//27.8255 2012-06-21T12:41:34Z 2012-07-01T12:56:33Z

Technically, the sour news corresponds with a corrective rally that may have hit resistance that won't again be tested for a while. While the S&P 500 (below) is certainly vulnerable, markets in Europe and Asia are especially vulnerable in the current environment - shorting (or buying put options) on select ETFs like FXI (iShares China), EWI (iShares Italy), or EEM (iShares Emerging Markets) may make sense now.

Jack the Pipper Technically, the sour news corresponds with a corrective rally that may have hit resistance that won't again be tested for a while. While the S&P 500 (below) is certainly vulnerable, markets in Europe and Asia are especially vulnerable in the current environment - shorting (or buying put options) on select ETFs like FXI (iShares China), EWI (iShares Italy), or EEM (iShares Emerging Markets) may make sense now. tag:www.babypips.com,2012:/blogs/currency_currents//27.7988 2012-05-03T03:15:58Z 2012-05-03T08:20:47Z

I guess it is no different this time. There are always more questions than answers. I guess the first question is: Are we finally seeing a change to the "all one market" liquidity-driven correlations in global markets?

Jack the Pipper I guess it is no different this time. There are always more questions than answers. I guess the first question is: Are we finally seeing a change to the "all one market" liquidity-driven correlations in global markets? tag:www.babypips.com,2012:/blogs/currency_currents//27.7974 2012-05-01T16:14:04Z 2012-05-01T16:16:19Z

First, let me be clear. It has been a very long time since we had truly free markets. Since governments were formed, early in civilization, they have always had a hand in the market. We don't have free markets; we instead have "quasi free markets" and they seem to be becoming more "quasi" by the day.

Jack the Pipper First, let me be clear. It has been a very long time since we had truly free markets. Since governments were formed, early in civilization, they have always had a hand in the market. We don't have free markets; we instead have "quasi free markets" and they seem to be becoming more "quasi" by the day. tag:www.babypips.com,2012:/blogs/currency_currents//27.7955 2012-04-25T19:45:44Z 2012-04-26T09:48:49Z

Are there no limits whatsoever to monetary policy? It is beyond pathetic that a rising stock market seems the only substitute for real policy from our "best and brightest."

Jack the Pipper Are there no limits whatsoever to monetary policy? It is beyond pathetic that a rising stock market seems the only substitute for real policy from our "best and brightest." tag:www.babypips.com,2012:/blogs/currency_currents//27.7941 2012-04-24T17:11:01Z 2012-04-24T17:16:34Z

What do William Lowndes Yancey, Edmund Ruffin, and Geert Wilders have in common? Even though the first two owned black slaves in the 1800s and the last of that trio has spoken out against the spread of Islam across Europe in recent years, no - they're not all racists.

Jack the Pipper What do William Lowndes Yancey, Edmund Ruffin, and Geert Wilders have in common? Even though the first two owned black slaves in the 1800s and the last of that trio has spoken out against the spread of Islam across Europe in recent years, no - they're not all racists. tag:www.babypips.com,2012:/blogs/currency_currents//27.7935 2012-04-23T14:49:36Z 2012-04-24T05:16:26Z

It seems the European Central Bankers didn't read the latest issue of Institutional Investor. Had they perused the pages, they may have stumbled on an acceptable strategy from former Goldman Sachs managing partner slash US Treasury Secretary slash Citigroup chairman, Robert Rubin.

Jack the Pipper It seems the European Central Bankers didn't read the latest issue of Institutional Investor. Had they perused the pages, they may have stumbled on an acceptable strategy from former Goldman Sachs managing partner slash US Treasury Secretary slash Citigroup chairman, Robert Rubin. tag:www.babypips.com,2012:/blogs/currency_currents//27.7908 2012-04-18T20:31:19Z 2012-04-18T20:32:40Z

The Reserve Bank of Australia kicked the door wide in its last meeting, sealing the deal on expectations for a coming interest rate cut Down Under. It seems growth in Australia may be in some trouble.

Jack the Pipper The Reserve Bank of Australia kicked the door wide in its last meeting, sealing the deal on expectations for a coming interest rate cut Down Under. It seems growth in Australia may be in some trouble.