ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 55.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.4% of stocks are trading above their respective 200DMAs VIX = 16.9 Short-term Trading Call: cautiously bearish Commentary The stock market faded from bullish undertones and back into the resting position. Now we can just look back at what … Read more
Last June, 2017, Senior Deputy Governor of the Bank of Canada (BoC) Carolyn A. Wilkins stepped onto the stage with a surprisingly bullish message about the Canadian economy. This speech set the stage for the BoC’s rollback of “emergency measure” rate cuts that responded to the past collapse in oil prices. At the time, the … Read more
It seems the U.S. dollar index (USD) has stopped going down. Since careening to its lows in January, the U.S. dollar has bounced up and down through a well-defined range. Source: Stockcharts.com The U.S. dollar gained each of the last 4 trading days as part of its latest run-up toward the top its trading range. … Read more
“…I decided to fade [USD/TRY] in anticipation of the next pullback. I also hope to collect a decent amount of carry as financial markets settle down a bit with earnings in the U.S. Still, until the CBRT takes definitive action, it makes sense to short the lira in the middle of what looks like an … Read more
It was utter chaos in January, 2015: the Swiss National Bank (SNB) capitulated on its self-made 1.20 floor against the euro on EUR/CHF. The bottom completely fell out the currency pair and caused ripple effects around the world of forex. I barely traded the Swiss franc since then specifically because of what I perceived as … Read more