Consumer Confidence Jumps Up; The Dollar Stays Put
Even with a high Consumer Confidence Index, the Dollar didn't really make a push against the majors.… More…
The Dollar lost more ground today as the GDP deflator and Chicago PMI came out lower than expected...… More…
Even with a high Consumer Confidence Index, the Dollar didn't really make a push against the majors.… More…
This is the trade review for my Cable trade I posted on January 29, 2007… More…
The Dollar stayed in a pretty tight range today against the majors with the lack of fundamental reports today. Think of this as the calm before the storm as this week is full of economic activity that should really give the markets some juice!… More…
This is a recap of my trade ideas from 01/22/07-01/26/07… More…
The Dollar pulled a nice little last minute punch at the end of the trading day today and nudged higher against the majors. As I am typing this, the buck is making further moves against the Yen once again.… More…
This is the trade review for my Cable trade I originally posted on January 24, 2007… More…
The Dollar pulled a nice 180 today after it got its butt kicked yesterday and the Yen finally put up a fight! The Yen has been getting crushed for a while now and its weakness is becoming a concern. German officials are saying that the weak Yen may be a topic for the next G-7 meeting. … More…
This is the trade review for my Swissy trade that I posted on January 23, 2007… More…
After plenty of gains made by the Dollar, it finally got a nice butt whoopin today.....except of course with the Yen, but that's a whole other story. … More…
This is the trade review for my Euro and Swissy trade I posted on January 22, 2007.… More…
Wow do we have one boring week or what?! There is a lack of major economic reports due out this week and because of that I expect a lot of this weeks movement to be based more on the technicals. I personally don't mind since I'm mostly a technical trader myself anyways. On to the charts... … More…
This is the trade review for my Euro trade that I posted over the weekend.… More…
I've decided to make a few changes on my blog. From here on out, this blog will only focus on the technical analysis of the 4 major currency pairs: EUR/USD, GBP/USD, USD/CHF, and the USD/JPY. I am passing all of the fundamental report recaps to my buddy Forex Gump, and he will be giving you your daily fundamental dose in his Piponomics blog. … More…
This is the weekly recap of my trading for my Pippin Ain't Easy blog… More…
This is the trade review for my Euro trade that was originally posted on January 18, 2007.… More…
The Dollar made slight gains against the Euro and Pound but ended up falling back down to about where it was yesterday. Against the Yen however, the Dollar climbed to a near 4 year high. The BOJ decided to keep rates steady at 0.25% while the US data showed improvements in housing and manufacturing, plus increases in consumer prices.… More…
This is the trade review for my Euro and Cable trade that I posted on January 17, 2007.… More…
Today was chalk full of fundamental juice to give the markets some nice movements. The overall theme still seems to be the same...the US economy is still in moderate growth and there is still a slight upside risk to inflation. So basically we're still stuck in neutral. … More…
After a nice three day weekend, it's time to get back to the markets! Yesterday's trading was booorrrringgg since it was a US holiday but it's obvious that the volume has picked back up today....which means it's time to start looking for trades!… More…
Today is Martin Luther King day and seeing how it is a national holiday, I will not be trading the markets. But don't fret, I still have some FX content that should keep your brains busy until we trade again! Today I'd like to recap a post that was made by Pip Diddy earlier in the month that talked about the seasonal movements for the Dollar in December and January.… More…
This is the trade review for the week of January 8-12, 2007… More…
This is a recap of my Cable trade that I originally posted on January 11, 2007… More…
Well the GBP unexpectedly rose their rates to 5.25% today, but surprisingly enough, that wasn't what got traders moving. It was the unexpectedly dovish tone that Mr. Trichet had when the ECB released their interest rate statement. … More…
This is the trade review for my Euro and Swissy trade.… More…
The dollar made yet another push against the majors as the Trade Balance came out higher than expected today. November's trade balance narrowed to -$58.2B from $58.8B in October which was better than the consensus of -$60.0B. … More…
This is the trade review for my Cable and Yen trade.… More…
The dollar made a small rally against the majors today after crude fell to $55.64/barrel. This is the lowest its been since 2005. When oil prices falls, we get cheaper gas. And when gas prices drop, it leaves more discretionary income for the consumers which theoretically means more consumer spending on other items. More consumer spending means better GDP and stronger economy. … More…
This is the trade review for my Yen and Cable trade.… More…
Hmm..so there isn't much to report today since there were no major news events concerning the Dollar. However, an interesting thing to look it as the fact that the Dollar has pretty much gained back all of its losses it suffered during the Thanksgiving day fiasco. Can you say reversion to the mean? … More…
This is the trade review for my Yen trade I posted on January 4, 2007… More…
So the NFP Report came out much higher than expected on Friday and caused the Dollar to make a nice run against the majors. The consensus for the NFP was 100k which would've been a decline from the previous number of 132k. Instead, the NFP came in at 167k which is in fact, was 35k higher than last month's number. … More…
Since we're starting a new year I thought I would start a public record for the "Pippin Ain't Easy" blog. This first week was a good start as I was able to finish positive. Each week I will post a week in review so that we can keep track of our trades. … More…
This is a recap of my trades that were posted on January 4, 2007… More…
The ISM Non Manufacturing Index came in strong once again although it decreased slightly to 57.1 from 58.9 in November. However new orders fell almost 3 points to 54.4 and backlog orders fell 6.5 points to 48.0. This decrease may mean a slowdown in upcoming business activity but overall the numbers are still doing ok. Nothing to worry about yet!… More…
If you like to read the headlines then you've probably come across something along the lines of "Dollar rallies as ISM index unexpectedly rose". While I'm not denying the fact that the higher than expected ISM numbers caused the Dollar to surge today, I don't know if you could say that it was the main cause.… More…
So a happy new year to you all! Is it me or does it seem like each year just keep getting crazier and crazier? Constant fighting, increasing natural disasters, horrible accidents, and abnormally warm weather are just some of the weird things going on and you can bet that if these things continue at the rate they're going, it will definitely have an impact on the currency market. Not to freak you out, but you wouldn't be too far off if you said that "We have entered the twighlight zone."… More…