ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Bank of Canada released its latest decision on monetary policy a week ago on April 13, 2016 and left its target rate at 1/2% again. According to the Bank of Canada (BoC), the government’s fiscal policy saved the day for the Canadian economy. Global growth is slowing. The strength in the Canadian dollar (FXC) … Read more
(This is an excerpt from a LONG overdue article on commodities I originally published on Seeking Alpha on April 18, 2016. Click here to read the entire piece.) Last week was a great week for a pairs trade in iron ore. I love this trade => Oil, Iron Ore & Gold Correlation: A Mining Pair … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 11, 2016. Click here to read the entire piece.) The Japanese yen (FXY) rang in the new year with loud alarm bells. At the time, I wrote about the implications for the surge of strength in “The Japanese Yen Flashes … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 5, 2016. Click here to read the entire piece.) Canada’s GDP report for January, 2016 confirmed renewed strength in the Canadian economy. {snip} Source: Statistics Canada Now that the Canadian economy has apparently stabilized, the weakening in the Canadian dollar … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 28, 2016. Click here to read the entire piece.) Last December, I wrote about the shaky prospects for the seasonal trade on home builders. Sure enough, iShares US Home Construction (ITB) has not performed this badly on an absolute or … Read more