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 January 8, 2014. Click here to read the entire piece.) Weakness continues for the euro (FXE) as 2014 seems to be confirming expectations I have outlined in previous posts. On January 7th, Eurostat reported eurozone inflation dropped to 0.8% in December … Read more
Tonight, January 14, 2014, I was casually doing my periodic check of forex charts and was absolutely startled to see so many currency pairs pivoting around the 50-day moving average (DMA). I was so captured by this pattern, I decided to post every single chart for the record. I realize that the tests and touches … Read more
On December 27th, I wrote “The Australian Dollar And Japanese Yen Enter 2014 Joined At The Hip – A Split Could Be Telling.” So I find it very intriguing, interesting, and validating to see 2014 start with a dramatic example of the shared hip joint between the Australian dollar (FXA) and Japanese yen (FXY). Since … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 2, 2014. Click here to read the entire piece.) The ASX (Australian Stock Exchange) tracker for rate expectations dropped further to start the new year. The RBA (Reserve Bank of Australia) Rate Tracker dropped the odds of a rate decrease … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 27, 2013. Click here to read the entire piece.) In “A Major Test Awaits The Australian Dollar In 2014 As 2013 Delivered New Correlations” I discussed this year’s strong (inverse) relationship between the U.S. 10-year Treasury yield and the Australian … Read more