tag:www.babypips.com,2009:/blogs/currency_currents//27 2009-11-20T16:51:50Z 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//27.3714 2009-11-20T14:24:07Z 2009-11-20T16:51:50Z

I noticed a Reuter's poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency--yuan- was against the US dollar. The average guesstimate was about 20%.

Jack the Pipper I noticed a Reuter's poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency--yuan- was against the US dollar. The average guesstimate was about 20%. tag:www.babypips.com,2009:/blogs/currency_currents//27.3708 2009-11-19T20:15:26Z 2009-11-19T20:30:51Z

For the past year - since November 4, 2008, actually - I've thought about walking around wearing a T-shirt that reads

Jack the Pipper For the past year - since November 4, 2008, actually - I've thought about walking around wearing a T-shirt that reads tag:www.babypips.com,2009:/blogs/currency_currents//27.3700 2009-11-18T17:19:56Z 2009-11-21T00:28:11Z

We are taking a little break today. In place of my usual ramblings, below is an excellent article by Chris Fournier and Yasuhiko Seki of Bloomberg laying out the case for a weak yen based on the very ugly set of economic fundamentals and debt picture facing Japan.

Jack the Pipper We are taking a little break today. In place of my usual ramblings, below is an excellent article by Chris Fournier and Yasuhiko Seki of Bloomberg laying out the case for a weak yen based on the very ugly set of economic fundamentals and debt picture facing Japan. tag:www.babypips.com,2009:/blogs/currency_currents//27.3695 2009-11-17T15:36:31Z 2009-11-17T15:40:30Z

This isn't an entirely new idea - we've made the connection in Currency Currents before and have since seen it presented elsewhere.

Jack the Pipper This isn't an entirely new idea - we've made the connection in Currency Currents before and have since seen it presented elsewhere. tag:www.babypips.com,2009:/blogs/currency_currents//27.3688 2009-11-16T18:55:24Z 2009-11-16T19:05:06Z

Describing Russia, Winston Churchill said, "Russia is a riddle wrapped inside a mystery inside an enigma." I wonder how he would describe modern China; I think it would be fun to hear that quip.

Jack the Pipper Describing Russia, Winston Churchill said, "Russia is a riddle wrapped inside a mystery inside an enigma." I wonder how he would describe modern China; I think it would be fun to hear that quip. tag:www.babypips.com,2009:/blogs/currency_currents//27.3683 2009-11-13T15:16:23Z 2009-11-13T15:32:44Z

The latest G-20 communiqué said nothing new. You know ... where the leaders told us they're not yet ready to rein in the stimulus they've provided to their respective economies.

Jack the Pipper The latest G-20 communiqué said nothing new. You know ... where the leaders told us they're not yet ready to rein in the stimulus they've provided to their respective economies. tag:www.babypips.com,2009:/blogs/currency_currents//27.3679 2009-11-12T15:36:47Z 2009-11-12T15:57:45Z

My reaction to the Mr. Geithner's comment about a strong dollar is the typical reaction I bet; there is good reason. That's because for about seven or eight years we have been told by Treasury Secretaries present and past that a strong dollar is good for America.

Jack the Pipper My reaction to the Mr. Geithner's comment about a strong dollar is the typical reaction I bet; there is good reason. That's because for about seven or eight years we have been told by Treasury Secretaries present and past that a strong dollar is good for America. tag:www.babypips.com,2009:/blogs/currency_currents//27.3671 2009-11-11T16:23:07Z 2009-11-11T16:48:52Z

For several years now most analysts have understood the way in which China reports their economic data. China says what its people, and often times the rest of the world, need to hear.

Jack the Pipper For several years now most analysts have understood the way in which China reports their economic data. China says what its people, and often times the rest of the world, need to hear. tag:www.babypips.com,2009:/blogs/currency_currents//27.3668 2009-11-10T18:04:50Z 2009-11-10T18:20:17Z

I spoke at a conference yesterday. It shall remain nameless in order to protect the guilty. What was most funny/incredible/nutty is a belief by said conference chief the US dollar, and in fact all paper currencies, will disappear within 10-years.

Jack the Pipper I spoke at a conference yesterday. It shall remain nameless in order to protect the guilty. What was most funny/incredible/nutty is a belief by said conference chief the US dollar, and in fact all paper currencies, will disappear within 10-years. tag:www.babypips.com,2009:/blogs/currency_currents//27.3661 2009-11-09T15:20:34Z 2009-11-09T15:52:56Z

We all know that's the bet gold bugs are throwing their chips on. And hey: why not? If the market is stopping at the early rungs on the logic ladder then that's how we can expect prices will behave, for now.

Jack the Pipper We all know that's the bet gold bugs are throwing their chips on. And hey: why not? If the market is stopping at the early rungs on the logic ladder then that's how we can expect prices will behave, for now. tag:www.babypips.com,2009:/blogs/currency_currents//27.3658 2009-11-06T16:32:43Z 2009-11-06T16:39:22Z

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...

Jack the Pipper 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... tag:www.babypips.com,2009:/blogs/currency_currents//27.3652 2009-11-05T15:03:05Z 2009-11-05T15:18:00Z

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.)

Jack the Pipper 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.) tag:www.babypips.com,2009:/blogs/currency_currents//27.3647 2009-11-04T17:25:33Z 2009-11-04T17:40:29Z

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.

Jack the Pipper 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. tag:www.babypips.com,2009:/blogs/currency_currents//27.3641 2009-11-03T15:35:29Z 2009-11-03T15:48:05Z

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.

Jack the Pipper 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. tag:www.babypips.com,2009:/blogs/currency_currents//27.3633 2009-11-02T15:42:52Z 2009-11-02T16:00:34Z

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...

Jack the Pipper 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...