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 May 15, 2013. Click here to read the entire piece.) Friday’s employment report from Statistics Canada demonstrated once again how the public sector is leading the way in job growth in Canada: {snip} So, jobs in the private sector are stagnant, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 21, 2013. Click here to read the entire piece.) On April 17th, the Bank of Canada decided to leave interest rates unchanged. In its Monetary Policy Report Summary, the Bank of Canada extended out its forecast to mid-2015 as the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 14, 2013. Click here to read the entire piece.) I quickly caught a Bloomberg headline about plans from Vornado Realty Trust (VNO) to sell more than it buys. I went to the VNO 2012 annual report to see for myself … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 25, 2013. Click here to read the entire piece.) The Swiss franc (FXF) has started another weakening phase, putting an exclamation point on the currency market’s refusal to go along with the shrill, recent headlines claiming another deflation cycle has … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 15, 2013. Click here to read the entire piece.) When it comes to the Australian dollar (FXA), traders have to stay nimble and on their toes. Just two days ago in “Poor Employment Report Only Slows Australian Dollar’s Breakout,” I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 7, 2013. Click here to read the entire piece.) Tonight (morning of May 7th in Australia), the Reserve Bank of Australia cut its interest rate to 2.75% whereas the consensus assumed that rates would stay steady at 3.0%. While the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 12, 2013. Click here to read the entire piece.) Last week, we learned that the Australian trade balance for February was much better than expected, -178M AUD versus expectations for -1B AUD and -1.2B AUD for January. Additionally, retail sales … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 7, 2013. Click here to read the entire piece.) {snip} The market seemed to convulse on the notion that the Fed could actually end asset purchases but seemed to ignore the conditional of a much improved labor market and improving … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 4, 2013. Click here to read the entire piece.) For many months, the Reserve Bank of Australia has been rolling out the same story of a peak in commodity prices, resource investment, and terms of trade. This month’s monetary policy … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2013. Click here to read the entire piece.) {snip} Last month, Spain’s unemployment rate reached Depression-like levels when it hit a record 26% and projections are for it to increase to 27% this year. {snip} EWP is up an … Read more