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 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
(This is an excerpt from an article I originally published on Seeking Alpha on March 19, 2012. Click here to read the entire piece.) In November, 2010, Nassim Taleb (Mr. Black Swan) broke a long-standing media blackout to talk on CNBC about his distress over quantitative easing Part two (QE2). At the time, Taleb concluded … Read more
The GBP/AUD currency pair – the British pound versus the Australian dollar – combined the best of two worlds for me: my bearishness on the British pound and my bullishness on the Australian dollar. Even though I ended my love affair with the Australian dollar almost two weeks ago, I continue to enjoy trading the … Read more
Clearly, I am not yet bearish enough on the Japanese yen. When the U.S. dollar last traded at 100 versus the Japanese yen (USD/JPY), the dollar completed a 12.7% rally from its lows in December, 2008 and January, 2009. This was also the last time the U.S. dollar generated as large and sustained a rally … Read more