ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
August 27, 2003. This was the last trading day where USD/CAD traded above the 1.40 mark. Until now. The Canadian dollar (FXC) slipped hard and fast in overnight trading to hit 1.408 for USD/CAD at the time of writing. Source: Board of Governors of the Federal Reserve System (US), Canada / U.S. Foreign Exchange Rate … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 3, 2015. Click here to read the entire piece.) Lost in the flurry of economic and monetary news of the week was the Bank of Canada’s December decision on interest rates. The Bank kept its target rate at 0.5%, and … Read more
On Friday, December 4, 2015, the Organization of the Petroleum Exporting Countries (OPEC) slammed the oil patch by adjourning without an agreement to put a cap on production. This quote from a Bloomberg article probably sums up the implications best: “‘It means more OPEC oil next year,’ Jamie Webster, a Washington-based oil analyst for IHS … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 26, 2015. Click here to read the entire piece.) Almost two weeks ago, markets appeared ready to price in a first Fed rate cut way out into June, 2016 (essentially neverland). The U.S. dollar index (UUP) sat at one of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2015. Click here to read the entire piece.) On October 21st, the Bank of Canada issued its latest statement on monetary policy. While the Bank of Canada (BoC) left interest rates unchanged, it slightly lowered its growth forecast over … Read more