ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The rally in the British Pound may finally be on its last legs. I am sure the Bank of England hopes so as it meets to decide interest rates tomorrow. I wrote just last week about the potential for the pound to break out versus the U.S. dollar, and it has done so quite convincingly. … Read more
The U.S. dollar index touched its 200-day moving average with the kind of precision only a technician can love. *Chart created using TeleChart: I keep waiting for (and betting on) the dollar to get a nice relief bounce against the yen, but the dollar’s near straight-line descent has been the main story. While I wait … Read more
Here we are again: The U.S. dollar index looks ready to test its 200-day moving average (DMA). The near unrelenting selling of the dollar against all the major currencies has left the currency grasping for its believers. A surprisingly strong jobs number on Friday, might, just maybe, provide a catalyst for some kind of relief … Read more
For many of us, investing over the last 10 years has been much more difficult and a lot less fun than it was in the 90s. In the 90s, it was easy to accept the religion of “buy and hold”, keep the faith that assets are pre-ordained to increase in value, and drown oneself in … Read more
If David Stockman, former director of the Office of Management and Budget under President Ronald Reagan, created the political party of “Fiscal Conservatives,” I might have to give serious consideration to signing up. For now, I have to settle for non-partisan organizations like the Peter G. Peterson Foundation who work hard to promote fiscal discipline … Read more