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 October 28, 2013. Click here to read the entire piece.) Canadian monetary policy may have experienced an important change-up. With last week’s announcement on monetary policy, the Bank of Canada became a little more dovish. The sharp response in the Canadian … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 24, 2013. Click here to read the entire piece.) When I saw the Wednesday (October 23, 2013) headlines screaming that European Central Bank (ECB) President Mario Draghi indicated he had no hesitation about failing banks in upcoming, comprehensive stress tests, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 21, 2013. Click here to read the entire piece.) The Reserve Bank of Australia (RBA) must be getting a bit antsy at this point. After working hard to drive the Australian dollar (FXA) downward in an on-going effort to rebalance … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2013. Click here to read the entire piece.) Ever since news of Chinese banks making massive write-offs and a parallel spike in China money rates stoked renewed fears over the Chinese financial system, the Australian dollar (FXA) has pared … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 2, 2013. Click here to read the entire piece.) Financial markets expected no rate cut from the Reserve Bank of Australia (RBA), and they got no rate cut. However, for whatever reason, expectations for a rate cut for the November … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 26, 2013. Click here to read the entire piece.) It has been a week since the Federal Reserve surprised the globe when it backed off from its earlier tough talk about bond tapering. The U.S. dollar index (UUP) plunged in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 27, 2013. Click here to read the entire piece.) A simple statement is all it took: “THE Bank of England would consider the case for more quantitative easing should the recovery falter, Mark Carney told the Yorkshire Post. ‘But my … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 9, 2013. Click here to read the entire piece.) Last week was supposed to be a dramatic week with a whole host of pronouncements from the world’s major central banks, the aftermath of the Jackson Hole confab, and major economic … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 2, 2013. Click here to read the entire piece.) The summer of 2013 delivered a flat performance for the S&P 500 (SPY). The S&P 500 closed at 1,630.74 on May 31st. The 1,632.97 close on August 29th ended the summer … Read more