ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The trading action in forex is starting to pick up again with quickly changing setups. Of the many twists, the Australian dollar (FXA) continues to capture a lot of my attention. Currently, the Aussie looks ready to break out against the U.S. dollar. Source: FreeStockCharts.com AUD/USD is now positive again for the year, and, at … Read more
The U.S. dollar’s jagged rally from last year’s lows has finally brought it back to its “QE2 reference price.” At the same time, a carry trade seems to be lifting the Australian dollar in “risk-on” fashion. In the background, the Japanese yen is slowly but surely reasserting itself as the strongest of the major currencies … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 8, 2012. Click here to read the entire piece.) I have written several articles now discussing the dynamics of the Australian dollar as well as its correlation with the S&P 500 (SPY). At the end of May, I wrote “Correlations … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 6, 2012. Click here to read the entire piece.) The Australian dollar’s year-to-date performance against the U.S. dollar (FXA) is back to even. The leading “risk-on” currency has fought back from a large one month slide that featured losses of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 3, 2012. Click here to read the entire piece.) In keeping interest rates at 3.50%, the Reserve Bank of Australia (RBA) issued a relatively mundane statement on monetary policy on July 3rd. This statement contained many of the same themes … Read more