Carney Delivers A Buying Opportunity in the British Pound With Talk Of “Evolving Guidance”

(This is an excerpt from an article I originally published on Seeking Alpha on January 27, 2014. Click here to read the entire piece.) “Escape velocity won’t come cheap.” – Mark Carney, Governor of the Bank of England (BoE), January 24, 2014 This was Governor Carney’s warning to the audience at the Davos CBI British … Read more

Increasing Unemployment, Decreasing Commodity Prices Portend Jawboning By the Reserve Bank of Australia

(This is an excerpt from an article I originally published on Seeking Alpha on February 13, 2014. Click here to read the entire piece.) So much for a trough in unemployment in Australia. The Australian Bureau of Statistics (ABS) produced another poor employment report. In January, Australia lost another 3,700 jobs, and the number of … Read more

All the Reserve Bank of Australia Has Left Is Jawboning

(This is an excerpt from an article I originally published on Seeking Alpha on February 4, 2014. Click here to read the entire piece.) The Reserve Bank of Australia (RBA) made it official: the low interest rate cycle has reached a trough. In its latest Monetary Policy Decision on February 4th, the RBA concluded (emphasis … Read more

China PMI Fallout Takes Down Australian Dollar Even As Rate Expectations Stay Steady

(This is an excerpt from an article I originally published on Seeking Alpha on January 27, 2014. Click here to read the entire piece.) It looks like the rate implications of creeping inflation in Australia still outweigh disappointing job news and the latest China PMI reading. The market’s odds for a rate reduction dropped from … Read more

Q4 2013 Inflation Reading Removes Australia’s Scope For Lower Rates

(This is an excerpt from an article I originally published on Seeking Alpha on January 22, 2014. Click here to read the entire piece.) Remember last September when the Reserve Bank of Australia (RBA) somewhat mysteriously removed the following language from its statement on monetary policy?… “The Board also judged that the inflation outlook, as … Read more