ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On Friday, the Australian dollar (FXA) enjoyed continued strength as financial markets rallied strongly into the close ahead of Sunday’s potential turmoil with Greek elections. Just two days ago, I wrote that I switched back to a bearish stance on AUD/USD after it reached my relief rally target of parity. I also said that “I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 14, 2012. Click here to read the entire piece.) Last week, the Australian dollar (FXA) took a rest from its longest post-recession sell-off (3+ months and running). Good economic numbers with surging GDP and surprisingly strong job creation forced traders … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 6, 2012. Click here to read the entire piece.) Tuesday night, the Australian Bureau of Statistics (ABS) reported a surprise jump in GDP of 1.3% quarter-over-quarter. With growing fears of a global economic slowdown, analyst consensus had pegged growth only … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 5, 2012. Click here to read the entire piece.) Futures estimated a 63% chance that the Reserve Bank of Australia (RBA) would cut rates by 50 basis points tonight, but the RBA went with the analyst consensus of a 25 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 26, 2012. Click here to read the entire piece.) The Australian dollar…{snip}…has been highly correlated with the S&P 500 (SPY) for much of the last six years and more. The correlation has broken down at critical moments, the most interesting … Read more