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 August 2, 2012. Click here to read the entire piece.) On July 30th, the Australian dollar made a clean breakout against the U.S. dollar (FXA). At that time, I stated I was finally ready to reposition for what could be an … Read more
The Australian dollar is now at 4-month highs versus the U.S. dollar (FXA). In what now looks like a clean breakout, the AUD/USD currency pair has hurdled over the latest resistance level which was the April high. Source: FreeStockCharts.com While I continue to believe the Australian dollar has a big sell-off ahead of it once … Read more
(This is an addendum to the last T2108 Update that presented the case for an imminent, extended, overbought rally for the S&P 500). On Friday, July 27, the S&P 500 broke out in a rally that continues in grinding fashion from the June lows. In parallel, the Australian dollar (FXA) has also rallied from its … Read more
The trading action in forex is starting to pick up again with quickly changing setups. Of the many twists, the Australian dollar (FXA) continues to capture a lot of my attention. Currently, the Aussie looks ready to break out against the U.S. dollar. Source: FreeStockCharts.com AUD/USD is now positive again for the year, and, at … Read more
The U.S. dollar’s jagged rally from last year’s lows has finally brought it back to its “QE2 reference price.” At the same time, a carry trade seems to be lifting the Australian dollar in “risk-on” fashion. In the background, the Japanese yen is slowly but surely reasserting itself as the strongest of the major currencies … Read more