ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on December 16, 2012. Click here to read the entire piece.) Almost two weeks ago, I noted that as long as the Australian dollar (FXA) maintained its stubborn strength, it made sense to play the currency long versus the weakening Japanese yen … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 5, 2012. Click here to read the entire piece.) After the Reserve Bank of Australia (RBA) cut interest rates on Monday night, the Australian dollar (FXA) bounced down, up, drifted lower, and then rallied. It is too easy to call … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 3, 2012. Click here to read the entire piece.) Analyst consensus anticipates a rate cut at the next meeting of the Reserve Bank of Australia (RBA). I forgive you for being surprised if you have been keeping your eye on … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 6, 2012. Click here to read the entire piece.) The timing of The Reserve Bank of Australia’s interest rate cuts is starting to look like a random number generator. In its latest statement on monetary policy (Nov 6th in Australia), … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 2, 2012. Click here to read the entire piece.) This week featured two interesting speeches by Australian officials. On October 30, Philip Lowe, Deputy Governor for the Reserve Bank of Australia (RBA), gave a speech at the Commonwealth Bank Australasian … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 16, 2012. Click here to read the entire piece.) Tonight, the Reserve Bank of Australia (RBA) released its minutes for its October 2nd meeting where it cut interest rates 25 basis points to 3.25%. I was looking for a more … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 1, 2012. Click here to read the entire piece.) The major paper currencies have an on-going problem – many of the financial authorities in charge of preserving their “value” are actively trying to drive that value downward, jawboning for a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 2, 2012. Click here to read the entire piece.) I expected the Reserve Bank of Australia (RBA) to stand pat on rates in its latest statement on monetary policy. Instead, the RBA cut rates by 25 basis points to 3.25% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 25, 2012. Click here to read the entire piece.) After the Reserve Bank of Australia (RBA) released its monetary policy statement on September 4th, I noted how the loudest part of the statement was left unsaid. The RBA raised no … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 17, 2012. Click here to read the entire piece.) I am still working on a revision for the commodity crash playbook to take into account the new QE3 regime, but the trading action is already moving faster than I can … Read more