ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
European Central Bank in a Squeeze – CNBC Whether he likes it or not, Jean-Claude Trichet is not just the president of the European Central Bank. Mr. Trichet, 67, is also the de facto president of Europe, at least for the 16 nations that rely on the euro as their common currency. (tags: Europe ECB … Read more
On Friday, Nightly Business Report’s Susie Gharib interviewed Thomas Hoenig, President of the Federal Reserve Bank of Kansas City. Gharib focused on Hoenig’s objection to the latest Federal Reserve statement on monetary policy. Hoenig basically explained that he wants the Fed to adopt a flexible policy stance now that the economy appears to be recovering: … Read more
U.S. Senate Committee on Environment and Public Works :: Hearings : (Jan 28, 2010) Senator Barbara Boxer (D-CA), Chairman of the Senate Committee on Environment and Public Works, and Senator Bernard Sanders (I-VT), Chairman of the Subcommittee on Green Jobs and the New Economy, will convene a joint hearing to examine the efforts to reduce … Read more
Interest Rates: Bank of England Takes a Break from Printing Money The Bank of England put a hold on its unprecedented 200 billion pound asset-buying programme for the first time in 11 months on Thursday, but left the door open for more so-called quantitative easing if the economy relapsed. (tags: United_Kingdom BankofEngland monetary_policy)
Toyota’s stock first broke down in late November when it plunged below the 200-day moving average (DMA) for the first time since 2007. Unlike 2007, this technical break led to a sharp rally and not a sustained sell-off. (At the time, I suggested a counter-trend rally was likely, especially if the yen weakened; but I … Read more