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 April 9, 2012. Click here to read the entire piece.) In tweets and various posts, I have harped on the renewed strong relationship between yen strength and market weakness. In “Weakness in the Japanese Yen Is Over for Now, Part Two“, … Read more
A month ago I declared the weakness in the Japanese yen had ended. At the time, the U.S. dollar versus Japanese yen currency pair, USD/JPY or the inverse ratio in the Rydex CurrencyShares Japanese Yen Trust (FXY), had slipped for three days in a row. I turned out to be about a week too early … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 55% VIX Status: 15.7% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 3, 2012. Click here to read the entire piece.) In its latest statement on monetary policy, the Reserve Bank of Australia (RBA) dropped more hints that it is likely biased toward further easing of monetary policy and has a preference … Read more
Last week I asked whether time is running out for the Australian dollar versus the British pound. Apparently, the answer is yes. The very next day, the GBP/AUD currency pair surged upward through the previous trading channel. Only the 200-day moving average (DMA) stopped the momentum. But even that reprieve looks very temporary. As of … Read more