ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
A week ago, I reviewed the technicals on the Australian dollar versus various currencies. If you blinked, you missed the picture-perfect setup against the Japanese yen (AUD/JPY). I pointed out that a retest of the 200-day moving average would provide a good entry point. AUD/JPY did not quite touch this point of important support, but … Read more
I moderated my bullishness on the Australian dollar in early December because Australia’s terms of trade have likely peaked for now and the Reserve Bank of Australia had lowered rates twice. Last week, I recharged my bullishness on the Australian dollar after the Federal Reserve extended its dovish monetary policy. The Australian dollar experienced a … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Call it a minor victory for Japanese Finance Minister Jun Azumi who declared his country is in “a war of nerves” with markets over the value of its currency given the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The Australian dollar has fallen so far, so fast over the past month that I failed to notice a major change in tone from the Reserve Bank of Australia (RBA) on monetary policy until now. … Read more