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 June 6, 2013. Click here to read the entire piece.) On Monday night (June 4th, Tuesday morning in Australia), the Reserve Bank of Australia (RBA) decided to leave its cash rate steady at 2.75%. The statement contained no new news and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 2, 2013. Click here to read the entire piece.) {snip} …Iron prices have plunged almost as severely as they did last August as steel rebar prices have fallen. From Reuters on May 31st: {snip} These price declines would seem to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 21, 2013. Click here to read the entire piece.) {snip} In Monday’s minutes (Tuesday Australia time) of the May 7th policy meeting, the RBA provided no direct smoking gun to explain what I called at the time a mystifying rate … Read more
(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