Jack the Pipper

It’s always tough to pick a bottom in any actively traded market. If you’ve done it before I would suggest you just chalk it up to luck and move on.

It is priceless to watch the video embedded. It is downright comical to see the financial press, a la the fawning hacks on CNBC, attempt to defend Jamie Dimon’s performance as head of J.P. Morgan in this piece.

I am not sure where or how Jamie Dimon grew up, but he carries himself like yet another prep-school brat who needs his smart-aleck mug readjusted.

Much stronger than expected (by me) rebound in the UK economy will likely positively impact the market view of Bank of England monetary policy going forward, i.e. the rationale that more stimulus would be needed to ensure a recovery is now in question-that is GBP/USD positive.

I’m not sure what the Fed will share with us tomorrow. But I am looking for a bounce to 136^32 on the 30-yr T-bond futures. Thus, risking two points to make five isn’t a terrible risk/reward for a short-term trade.

September is well known for being the worst month for US equity market performance. That may be reason enough to expect the opposite in the early going.

“Six impossible” beliefs before breakfast are probably the norm for most currency traders. There seems a simple reason for this-it’s because there are incredible number of potential variables in the marketplace that seemingly move price.

I layout my best available insight about the currency markets on a daily basis. I tried to sound “smart.” Often I tried to convey some sense of prescience I may have about currencies.

What a weak-handed attempted to recover $7.7 billion in redemptions last month.

It seems the US trade deficit data released yesterday went largely unnoticed. And that’s usually how it goes each month, probably because there tends not to be much, if any, knee-jerk market reaction to that report.