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 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
(This is an excerpt from an article I originally published on Seeking Alpha on December 23, 2013. Click here to read the entire piece.) The Australian dollar (FXA) has finally retested the “W-bottom” from August of this year. So far the test seems successful as the Australian dollar has sharply bounced off the lows over … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 30, 2013. Click here to read the entire piece.) On Friday, the U.S. 10-year Treasury bond yield hit 3.0%, matching a high for the year. Rate are rising again across the yield curve. Source: St. Louis Federal Reserve This steady … Read more
There were no economic reports of importance from the eurozone or from the United Kingdom to end the week. Yet, this absence did not prevent traders from sending the euro (FXE) and the British pound (FXB) into major overnight breakouts: a 25-month high for the euro and 28-month high for the pound against the U.S. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2013. Click here to read the entire piece.) As expected, in its December monetary policy assessment, the Swiss National Bank (SNB) left its target range for the three-month Libor unchanged at 0.0 to 0.25% and reaffirmed its commitment to … Read more