ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On Tuesday morning the Bank of Canada decided to leave its overnight interest rate unchanged at 1.0% and confirmed the caution expressed by Governor Mark Carney on CNBC almost a month ago. The concluding paragraph in the statement on monetary policy summarizes the Bank’s concern about current economic conditions: “At this time of transition in … Read more
Prices soared for solar stocks in September. In October, volume has soared…but prices have swung sharply downward after a very strong start to the month. In most cases, solar stocks have lost all their gains for the month and then some. This trading action is creating buying opportunities, especially where uptrends and/or critical technical support … Read more
Spain's Solar Deals on Edge of Bankruptcy as Subsidies Founder – Bloomberg …more than 50,000 other Spanish solar entrepreneurs face financial disaster as the policy makers contemplate cutting the price guarantees that attracted their investment in the first place…by failing to control the program’s cost, Zapatero saddled Spain with at least 126 billion euros of … Read more
Since peaking in June, the dollar has arguably experienced a near freefall. These moves reflect the near certainty felt amongst investors and traders about the Federal Reserve’s intention to print more currency to forestall the threat of deflation. However, with dollar shorts at their highest levels in three years and the dollar index stalling at … Read more
China Escalates Trade Fight With U.S. on Subsidies – NYTimes.com It is highly unusual for an official of Mr. Zhang’s standing to convene a news conference on short notice and denounce the American government in such blunt terms. Should the Americans pursue the subsidy issue with the World Trade Organization, Mr. Zhang said, “the only … Read more