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 4, 2015. Click here to read the entire piece.) {snip} The Reserve Bank of Australia (RBA) issued its monetary policy decision for August. The RBA left rates unchanged just as the market expected. The rest of the statement was boilerplate … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 2, 2015. Click here to read the entire piece.) It seems odd to fear that wage growth is slumping in the U.S. with increasing momentum supporting minimum wage hikes across the country and through many industries. Yet, wage data on … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 31, 2015. Click here to read the entire piece.) A month ago, I pointed out how the Turkish lira had reversed all its post-election losses. I argued that the lira was due to resume its weakness as the Central Bank … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 24, 2015. Click here to read the entire piece.) {snip} In the middle of this fresh decline, the Bank of Canada delivered its July Monetary Policy Report with another rate cut included. The reaction in the currency market was just … Read more
To start this week, I pointed out that the U.S. dollar index (UUP) and the British pound (FXB) had tagged important milestones for this year. The U.S. dollar index finally rallied back to the downtrend line established from its multi-year high set in March. The British pound finally cracked the 0.70 support level against the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 8, 2015. Click here to read the entire piece.) Statistics Canada released its monthly GDP report for April as time counted down on Greece’s June 30th debt deadline. While the news from the report could not steal headlines, it was … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 20, 2015. Click here to read the entire piece.) In my last post on the Canadian dollar (FXC), I claimed that it was time to start buying Canada while at the same time cautioning about an over-extension in the currency … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 16, 2015. Click here to read the entire piece.) In the wake of the Bank of Canada’s latest announcement of monetary policy, the Canadian dollar (FXC) finally broke through an important line against the U.S. dollar. It is a line … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Feb 8, 2015. Click here to read the entire piece.) Canada has produced several strong economic reports over the past several months. For example, even with a 8.8% month-over-month drop in employment in the natural resources sector, January produced a net … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Feb 2, 2015. Click here to read the entire piece.) It is never good to see a negative print on a GDP growth number. It is even worse when it is below market “expectations.” When Statistics Canada reported a GDP decline … Read more