Big Pippin

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.

This is the trade review for my Euro and Swissy trade.

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.

This is the trade review for my Cable and Yen trade.

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.

This is the trade review for my Yen and Cable trade.

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?

This is the trade review for my Yen trade I posted on January 4, 2007

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.

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.