http://www.babypips.com/blogs/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. en Copyright 2009 Fri, 06 Nov 2009 11:32:43 -0500 http://blogs.law.harvard.edu/tech/rss 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... http://www.babypips.com/blogs/currency_currents/change_in_gold-dollar_correlat.html http://www.babypips.com/blogs/currency_currents/change_in_gold-dollar_correlat.html Fri, 06 Nov 2009 11:32:43 -0500 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.) http://www.babypips.com/blogs/currency_currents/and_the_week_isnt_even_over_ye.html http://www.babypips.com/blogs/currency_currents/and_the_week_isnt_even_over_ye.html Thu, 05 Nov 2009 10:03:05 -0500 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. http://www.babypips.com/blogs/currency_currents/who_leads_and_who_follows.html http://www.babypips.com/blogs/currency_currents/who_leads_and_who_follows.html Wed, 04 Nov 2009 12:25:33 -0500 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. http://www.babypips.com/blogs/currency_currents/glenn_stevens_says_no_more_car.html http://www.babypips.com/blogs/currency_currents/glenn_stevens_says_no_more_car.html Tue, 03 Nov 2009 10:35:29 -0500 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... http://www.babypips.com/blogs/currency_currents/a_potential_premise_that_fools.html http://www.babypips.com/blogs/currency_currents/a_potential_premise_that_fools.html Mon, 02 Nov 2009 10:42:52 -0500 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. http://www.babypips.com/blogs/currency_currents/things_that_still_frighten_us.html http://www.babypips.com/blogs/currency_currents/things_that_still_frighten_us.html Fri, 30 Oct 2009 11:22:28 -0500 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. http://www.babypips.com/blogs/currency_currents/will_stronger_us_gdp_put_the_h.html http://www.babypips.com/blogs/currency_currents/will_stronger_us_gdp_put_the_h.html Thu, 29 Oct 2009 09:49:19 -0500 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. http://www.babypips.com/blogs/currency_currents/currencies_and_straight_jacket.html http://www.babypips.com/blogs/currency_currents/currencies_and_straight_jacket.html Wed, 28 Oct 2009 10:28:10 -0500 Would you think I was crazy if I said I am 100% certain the value of the Eurozone economy would eventually fall to zero? http://www.babypips.com/blogs/currency_currents/eurozone_economy_is_going_to_z.html http://www.babypips.com/blogs/currency_currents/eurozone_economy_is_going_to_z.html Tue, 27 Oct 2009 12:43:08 -0500 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. http://www.babypips.com/blogs/currency_currents/dow_theory_suggests_cautioncou.html http://www.babypips.com/blogs/currency_currents/dow_theory_suggests_cautioncou.html Mon, 26 Oct 2009 10:00:48 -0500 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. http://www.babypips.com/blogs/currency_currents/what_happens_in_europe_stays_i.html http://www.babypips.com/blogs/currency_currents/what_happens_in_europe_stays_i.html Fri, 23 Oct 2009 09:51:49 -0500 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. http://www.babypips.com/blogs/currency_currents/so_long_to_netshitenzhe_and_ma.html http://www.babypips.com/blogs/currency_currents/so_long_to_netshitenzhe_and_ma.html Thu, 22 Oct 2009 11:47:32 -0500 Mervyn King delivered a speech yesterday on banking reform, and the market seemed to like it--as the pound has surged http://www.babypips.com/blogs/currency_currents/mr_king_comes_clean_and_the_ma.html http://www.babypips.com/blogs/currency_currents/mr_king_comes_clean_and_the_ma.html Wed, 21 Oct 2009 14:46:42 -0500 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 ... http://www.babypips.com/blogs/currency_currents/does_this_bring_out_the_optimi.html http://www.babypips.com/blogs/currency_currents/does_this_bring_out_the_optimi.html Tue, 20 Oct 2009 10:00:39 -0500 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. http://www.babypips.com/blogs/currency_currents/so_crowed_for_so_many_good_rea.html http://www.babypips.com/blogs/currency_currents/so_crowed_for_so_many_good_rea.html Mon, 19 Oct 2009 12:50:53 -0500