tag:www.babypips.com,2009:/blogs/currency_currents//27 2009-07-02T14:31:44Z 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,2009:/blogs/currency_currents//27.3254 2009-07-02T14:28:33Z 2009-07-02T14:31:44Z

By the looks of it, traders might actually be respecting the holiday commemorating US Independence. The dollar is positive on the day so far.

Jack the Pipper By the looks of it, traders might actually be respecting the holiday commemorating US Independence. The dollar is positive on the day so far. tag:www.babypips.com,2009:/blogs/currency_currents//27.3250 2009-07-01T12:13:51Z 2009-07-01T13:05:12Z

A key day reversal is defined by Stockcharts.com as "a one day chart pattern where prices sharply reverse during a trend. In an uptrend, prices open in new highs and then close below the previous day's closing price.

Jack the Pipper A key day reversal is defined by Stockcharts.com as "a one day chart pattern where prices sharply reverse during a trend. In an uptrend, prices open in new highs and then close below the previous day's closing price. tag:www.babypips.com,2009:/blogs/currency_currents//27.3247 2009-06-30T12:50:56Z 2009-06-30T12:55:30Z

We're still getting mixed signals as a consolidation moves continue. But it looks as though some of the currencies are building up steam; the likely resolution (on technical analysis alone) being a sharp breakout in accordance with the trend prior to consolidation.

Jack the Pipper We're still getting mixed signals as a consolidation moves continue. But it looks as though some of the currencies are building up steam; the likely resolution (on technical analysis alone) being a sharp breakout in accordance with the trend prior to consolidation. tag:www.babypips.com,2009:/blogs/currency_currents//27.3245 2009-06-29T13:16:02Z 2009-06-29T13:23:42Z

The mantra from most commodities guys is a simple: Be long or be wrong. This is a secular bull market in commodities. And up until that little upset recently, a 50% haircut triggered by the credit crunch, commodity bulls have been right on the money.

Jack the Pipper The mantra from most commodities guys is a simple: Be long or be wrong. This is a secular bull market in commodities. And up until that little upset recently, a 50% haircut triggered by the credit crunch, commodity bulls have been right on the money. tag:www.babypips.com,2009:/blogs/currency_currents//27.3244 2009-06-26T14:01:05Z 2009-06-26T14:18:58Z

China knows its symbiotic relationship with the US is over. You remember the one; it was based on US buying likely drunken sailors and China sending its sailors over to drop off container cartons of stuff,

Jack the Pipper China knows its symbiotic relationship with the US is over. You remember the one; it was based on US buying likely drunken sailors and China sending its sailors over to drop off container cartons of stuff, tag:www.babypips.com,2009:/blogs/currency_currents//27.3243 2009-06-25T12:51:32Z 2009-06-25T12:57:08Z

Wondering why the South African rand rallied sharply against the buck yesterday? Me too. Leading into and following the Federal Reserve announcement yesterday, the dollar was stronger versus the pack of majors. So what prompted such strength from the rand?

Jack the Pipper Wondering why the South African rand rallied sharply against the buck yesterday? Me too. Leading into and following the Federal Reserve announcement yesterday, the dollar was stronger versus the pack of majors. So what prompted such strength from the rand? tag:www.babypips.com,2009:/blogs/currency_currents//27.3241 2009-06-24T11:31:04Z 2009-06-24T11:41:01Z

We were expecting at least one day of follow-through (actually more) on the green shoot to brown weed re-think, thinking it would benefit the dollar as it did on Monday, but no dice.

Jack the Pipper We were expecting at least one day of follow-through (actually more) on the green shoot to brown weed re-think, thinking it would benefit the dollar as it did on Monday, but no dice. tag:www.babypips.com,2009:/blogs/currency_currents//27.3238 2009-06-23T14:11:21Z 2009-06-23T14:21:16Z

The World Bank says contraction will be greater than expected; the global economy will slow by 2.9% rather than 1.7%.

Jack the Pipper The World Bank says contraction will be greater than expected; the global economy will slow by 2.9% rather than 1.7%. tag:www.babypips.com,2009:/blogs/currency_currents//27.3236 2009-06-22T13:41:52Z 2009-06-22T13:46:09Z

Some days I struggle for things to rave or rant about in this morning missive. Often, after bleeding at the keyboard for an hour or two, something seemingly worth saying pours on to the screen; but there are those days when only the keyboard is stained.

Jack the Pipper Some days I struggle for things to rave or rant about in this morning missive. Often, after bleeding at the keyboard for an hour or two, something seemingly worth saying pours on to the screen; but there are those days when only the keyboard is stained. tag:www.babypips.com,2009:/blogs/currency_currents//27.3234 2009-06-19T12:57:40Z 2009-06-19T13:04:53Z

Since I penned my Comdol falling off a BRIC wall piece the other day, the commodity currencies and oil have of course rallied nicely--they didn't follow the plan. But, hope springs eternal in the world of investing, and hope also usually gets one into trouble ... as we know.

Jack the Pipper Since I penned my Comdol falling off a BRIC wall piece the other day, the commodity currencies and oil have of course rallied nicely--they didn't follow the plan. But, hope springs eternal in the world of investing, and hope also usually gets one into trouble ... as we know. tag:www.babypips.com,2009:/blogs/currency_currents//27.3233 2009-06-18T13:58:09Z 2009-06-18T14:02:59Z

The correlation between stocks and currencies is working; risk-appetite at its finest. But say we didn't have this connection ... say a 0.023% rise in the S&P 500 didn't equate to the same 0.023% rise in the Australian dollar or euro or whatever.

Jack the Pipper The correlation between stocks and currencies is working; risk-appetite at its finest. But say we didn't have this connection ... say a 0.023% rise in the S&P 500 didn't equate to the same 0.023% rise in the Australian dollar or euro or whatever. tag:www.babypips.com,2009:/blogs/currency_currents//27.3230 2009-06-17T14:53:29Z 2009-06-17T15:11:52Z

If you get a chance, we think Martin Wolfe's piece in the FT today is worth the read, as it compares where we are in this global recession relative to where we were this time during the great depression.

Jack the Pipper If you get a chance, we think Martin Wolfe's piece in the FT today is worth the read, as it compares where we are in this global recession relative to where we were this time during the great depression. tag:www.babypips.com,2009:/blogs/currency_currents//27.3228 2009-06-16T12:28:03Z 2009-06-16T12:37:23Z

If I happened to know the German national anthem I'd likely break out in song right now before I finished typing up this piece. Oh, by the way, did you hear that German investor confidence blew past expectations in a sign that the recession is coming to a close?

Jack the Pipper If I happened to know the German national anthem I'd likely break out in song right now before I finished typing up this piece. Oh, by the way, did you hear that German investor confidence blew past expectations in a sign that the recession is coming to a close? tag:www.babypips.com,2009:/blogs/currency_currents//27.3227 2009-06-15T12:23:06Z 2009-06-15T12:35:06Z

Soaring unemployment in Europe, with still huge banking exposure, rising political tensions, fiscal concerns among the PIGS, a little country called Latvia that may be the canary in the coal mine for its Eastern European neighbors so similarly afflicted

Jack the Pipper Soaring unemployment in Europe, with still huge banking exposure, rising political tensions, fiscal concerns among the PIGS, a little country called Latvia that may be the canary in the coal mine for its Eastern European neighbors so similarly afflicted tag:www.babypips.com,2009:/blogs/currency_currents//27.3226 2009-06-12T12:34:09Z 2009-06-16T12:28:03Z

The numbers are staggering...really incomprehensible...it's the kind of stuff that if you made it up no one would believe you...I'm talking about the amount of money both the US and European Union have committed to this crisis:

Jack the Pipper The numbers are staggering...really incomprehensible...it's the kind of stuff that if you made it up no one would believe you...I'm talking about the amount of money both the US and European Union have committed to this crisis: