Recent content by Big Pippin

No Longer Posting On Trade2win Due to a conflict of interest, I will no longer be posting on the Trade2Win forums. If you are interested in still following my posts you can send me an email at fr1edmango (at) yahoo (dot) com. Thanks! -BP

Thursday, November 30, 2006 My suspicions were correct about the Dollar not being done taking its beating. After some profit taking yesterday, the Dollar once again resumed its meltdown as it plummeted agains the 4 majors today. The main reason for the drop? More bad economic releases for the...

Wednesday, November 29, 2006 The dollar made a little bit of a comeback but I'm not fully convinced that this is a true reversal.....YET! Sure the GDP came out higher than expected but New Home Sales dropped so the dollar is still not out of the mud. Today's dollar gain looks more like some...

Tuesday, November 28, 2006 The dollar took another beating today as all the US fundamentals came out negative and confirmed the notion that the dollar's rise is over. Durable goods and Core Durable goods both came out lower than expected and housing prices fell for the 3rd straight month...

Monday, November 27, 2006 So there I was, stuffing my stomach with deep fried turkey, mac and cheese, succulent ham and all the other fixins and all the while the market was making huge moves. The last thing I said before I left was that I seriously doubted that the markets would move. Boy was...

Tuesday, November 21, 2006 Thanksgiving is fast approaching and while I'm excited about stuffing my face with an endless supply of delicious home cooked food, there is something even more exciting that is putting a twitch in my trading finger. It's called "Black Friday" and it refers to the one...

Monday, November 20, 2006 This week is going to be dull. Personally, I am already thinking about the gorgeous turkey that I will be devouring on Thanksgiving. With hardly any economic reports due out this week and the fact that Thanksgiving is on Thursday, I don't expect too many things to...

Thursday, November 16, 2006 The dollar rose slightly due to the higher than expected TIC data and Philly Fed Index. However, the gain was held back by a lower CPI (which we already knew was going to happen because of the low PPI number on Tuesday). The GBP retail sales also rose higher than...

Wednesday, November 15, 2006 The dollar made pretty decent moves verses the Swissy and Yen but ended up pretty much in place against the Euro. The biggest loser however was the Cable in which the dollar made a very nice rally against it. The GBP showed weak reports during their session and...

Tuesday, November 4, 2006 Let me first warn you that I will once again be holding my shoulders high because for the 2nd day in a row, every single one of my chart analysis predictions came true! Cmon, you gotta admit that you feel the same way whenever you make correct market predictions! It's...

Monday, November 13, 2006 The dollar made a short term rally today and my chart analysis was dead on target. Am I a genius or a magical psychic? Hmmm...I barely broke 1000 on my SATs and I picked the Tigers to win the World Series so that's a definite NO. With a slow economic day today, the...

Friday, November 10, 2006 Happy Friday to everyone. It's been a pretty dull week in the currency market due to the lack of economic reports and most of the movement has been based on various statements from head honchos of different countries. It's true we've seen plenty of spikes but a clear...

Thursday, November 9, 2006 The BOE raised rates to 5.00% and yet the Cable drops. Although this was probably already priced in the market I would've expected the Cable to rally on this announcement. That wasn't the case. In fact, the Cable dropped after the interest rate announcement. An hour...

Wednesday, November 8, 2006 It was a pretty dull day in the markets regarding fundamentals. Nothing too extreme has happened in the past 24 hours. However, the Democratic party did take control of the House of Representatives. Now this gives them the power to block government spending and...

Tuesday, November 7, 2006 Bank of Japan governor Fukui said that they will adopt a forward-looking approach, and take action (against rising prices) in advance, moderately. Or, in layman's terms, the BOJ is probably going to raise rates again. And when a big bank leader says something like...