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 April 7, 2014. Click here to read the entire piece.) There was a lot of action last week in the foreign exchange market. This piece is a quick update on how I have adjusted and/or maintained positioning in select currencies: the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 1, 2014. Click here to read the entire piece.) The British pound (FXB) has experienced a steep and near continuous decline ever since it hit new multi-year highs in July against the U.S. dollar. {snip} Source: FreeStockCharts.com After a strong … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 21, 2014. Click here to read the entire piece.) “There is no mechanical formula.” This is the response Federal Reserve Chair Janet Yellen gave to a reporter who tried to press her on the rules and timing for the first … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2014. Click here to read the entire piece.) The British pound (FXB) responded so strongly to the June Markit/CIPS UK Manufacturing PMI® report that I decided to read it and go beyond the headlines. I found a report full … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 26, 2014. Click here to read the entire piece.) Australia’s Bureau of Resources and Energy Economics (BREE) recently released its Resources and Energy quarterly for the June, 2014 quarter containing a notably more cautious tone toward the Australian dollar (FXA) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 2, 2014. Click here to read the entire piece.) I was just getting accustomed to the idea that iron ore prices could plunge without impacting the Australian dollar (FXA). Now comes a surprisingly large plunge in Australia’s trade balance. On … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2014. Click here to read the entire piece.) The latest U.S. non-farm employment report showed another strong print for employment in residential construction. For the 31st month in a row, seasonally adjusted employment in residential construction showed year-over-year growth. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 20, 2014. Click here to read the entire piece.) Since reaching an inflation-adjusted high (at the time) in May, 2012, Canada’s wholesale sales have been relatively stagnant except a one-month surge the following May that beat the high (I used … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 3, 2014. Click here to read the entire piece.) On January 22, 2014, the Bank of Canada left its target overnight interest rate at 1%. However, the Canadian dollar (FXC) slid quickly against the U.S. dollar anyway as the currency … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 11, 2014. Click here to read the entire piece.) After employment in residential construction put on a surprisingly strong showing amidst a generally dismal January employment report, I decided to keep closer tabs on this important indicator of health in … Read more