The phrase ?The proof is in the pudding? is a shortened version of ?the proof of the pudding is in the eating?. This phrase comes from an old parable where we are taught that the real proof is in the test. Last week I stepped out on a limb and stated that there was no real job growth that the non-farm payroll numbers were reflecting second jobs more than new jobs and more employment. I had a number of comments on this matter, many complimentary but there were some that weren?t confident in my analysis. To those who were not confident and to those who want a second servi (more…)
If you have tried to stop here this week you may have been redirected saying the blog was suspended. Well, “they” can NEVER SILENCE THE TRUTH!!!
Oh wait, it was just a java script in the pivot point that was crashing. So no more pivot point calculator here and things should be fine again. I am writing a post similar to last week today so if you can suffer through a long post then come back later on.
Oh wait, before I stop for the moment, let me point something out to the nay say-ers. Remember the Gbp/Chf trade??? You may have forgot, it has been a month (more…)
The USD/CAD pushed to record lows again today. I hope some, if not all of you are still in the trade. The money I manage is still enjoying a great run on this pair and will account for nearly a 10% move on the entire balance for the month. I’m good with that.
Now the concerns, the Fed announces rate decisions this week and my anticipation is obviously a rate cut, me and the rest of the bond commnunity. If you want a glipse of what is coming based on the bond trader’s perspective (which I might add is very effective), check the CBOT for the 30 day fed funds rate. (more…)
This is a longer post but it needs to be said.
I have heard a lot of people questioning why the dollar weakened when the nonfarm payroll jobs data was so strong and such a positive surprise. You may find an article by John about the nonfarm payroll last month, interesting as well. In John’s article the basic conclusion was the number is not just the number, we need to dive a little deeper.
To do this let me point out a couple of specific announcements from this week that tell a very interesting story.
First (more…)
So here is a new picture that goes in to my profile. We took it a few weeks ago with family pictures up the canyon by the river with all the amazing fall colors (though you can’t see that in this picture.I am tightening my stop and my limit on the USD/CAD. Stop now at .9620 and limit now at .9450, I may change this to .9500 to book these profits. As I said before, I am expecting some volatility over the next couple of days. (more…)
