Failed Breakouts Provide Buying Opportunity in the Australian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2013. Click here to read the entire piece.) Ever since news of Chinese banks making massive write-offs and a parallel spike in China money rates stoked renewed fears over the Chinese financial system, the Australian dollar (FXA) has pared … Read more

T2108 Update (October 18, 2013) – In the Wake of Fiscal Fiddling, FINALLY Overbought

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

Rate Cut Expectations Increase After Reserve Bank of Australia October Policy Decision

(This is an excerpt from an article I originally published on Seeking Alpha on October 2, 2013. Click here to read the entire piece.) Financial markets expected no rate cut from the Reserve Bank of Australia (RBA), and they got no rate cut. However, for whatever reason, expectations for a rate cut for the November … Read more

Time to Watch the Forex Action Unfold: React, Not Anticipate

(This is an excerpt from an article I originally published on Seeking Alpha on September 26, 2013. Click here to read the entire piece.) It has been a week since the Federal Reserve surprised the globe when it backed off from its earlier tough talk about bond tapering. The U.S. dollar index (UUP) plunged in … Read more

An Apparent About Face As Carney Bails On QE, Provides Rocket Fuel for the Pound

(This is an excerpt from an article I originally published on Seeking Alpha on September 27, 2013. Click here to read the entire piece.) A simple statement is all it took: “THE Bank of England would consider the case for more quantitative easing should the recovery falter, Mark Carney told the Yorkshire Post. ‘But my … Read more