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 November 29, 2015. Click here to read the entire piece.) The U.S. Federal Reserve is likely to hike interest rates in December. The Fed and economic data have finally convinced the market of an imminent rate hike, and the high odds … Read more
The U.S. Dollar index hit 100 on an intraday basis for the first time since March 16th, the day after the index closed at a 12-year high. The index faded back to a close of 99.73 at the end of the U.S. trading day. Source: FreeStockCharts.com The U.S. dollar’s steady, albeit slow, strengthening is happening … 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 past week was an important one for monetary policy. The Bank of England (BoE) made clear it is willing to put off rate hikes as long as necessary. Despite its words that suggest otherwise, the Bank is NOT biased for action. U.S. Federal Reserve Chair Janet Yellen made it clear that, all else being … Read more
As the hours count down to November’s jobs report for October, 2015, I have my eyes on potential currency plays. I noted earlier, I am now anticipating a continued breakout for the U.S. dollar index. After looking at individual charts, I am most intrigued by the U.S. dollar versus the Japanese yen. USD/JPY is on … Read more