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 17, 2014. Click here to read the entire piece.) In August, 2011, the Swiss National Bank (SNB) took a series of extreme measures to attempt to arrest an accelerating strengthening in the Swiss franc (FXB). These measures culminated in establishing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 8, 2014. Click here to read the entire piece.) Canada experienced two extremely strong monthly jobs reports going into the report for November, 2014. Both positive reports were generally overlooked by currency markets. This time around, Canada’s job report did … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 4, 2014. Click here to read the entire piece.) The Bank of Canada once again left its overnight target interest rate at 1% in its latest monetary policy decision. An important change this time around came in the form of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 20, 2014. Click here to read the entire piece.) Once again, traders overlooked another strong economic report from Canada. This time the strong report came in the form of GDP growth. The distracting event was a tremendous plunge in oil … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 9, 2014. Click here to read the entire piece.) Suddenly, prospects for the Canadian dollar (FXC) are presumably improving with unemployment making a dramatic turnaround over the last two months. September’s good news was drowned out by October’s sharp sell-off … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2014. Click here to read the entire piece.) Suddenly, I am feeling a lot less bearish about the Canadian dollar (FXC). {snip} This means that half the job creation over the past year happened all in one month. What … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 1, 2014. Click here to read the entire piece.) Part of the thesis for my on-going bearishness on the Canadian dollar versus the U.S. dollar (FXC) has included the apparent dampening of exports by a (previously) stubbornly strong Canadian dollar. … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 3, 2014. Click here to read the entire piece.) Many are celebrating lower oil (USO) and gasoline prices (UGA) as a kind of tax cut for consumers. This tax cut will in turn boost consumer spending which itself leads to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 7, 2014. Click here to read the entire piece.) I tracked down an article posted in Boston.com called “Renters Suffer as Evictions Surge in U.S.” after hearing the topic referenced in a recent Slate Money podcast. One of the guests … Read more