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 24, 2014. Click here to read the entire piece.) One thing about a trading range is that it gives both bulls and bears a lot of trading opportunities. The latest disturbance of equilibrium in the Australian dollar (FXA) was the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 6, 2014. Click here to read the entire piece.) The pressure is building on the Australian dollar (FXA). If it were not for the fresh collapse in the Japanese yen (FXY), the proverbial risk trade would be looking very shaky. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 4, 2014. Click here to read the entire piece.) Tuesday morning in Australia was a busy time for economic news. First, the Australian Bureau of Statistics reported that the release of the Apple (AAPL) iPhone 6 helped drive electrical and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2014. Click here to read the entire piece.) Two weeks ago, the market was in the final days of an relatively swift corrective phase. At that time I claimed that the Australian dollar (FXA) stood between “here and a … 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 week’s forex setup is simply about the Australian dollar, especially against the U.S. dollar (FXA). At the time of writing, the Australian dollar is testing the next round number on its stair-stepping down: 0.89. The last time AUD/USD hit this level, the Reserve Bank of Australia (RBA) talked up the Australian economy ahead of … 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
In last week’s edition of Forex Setup Week, I pointed to the “quiet” strength of the Swiss franc (FXF) with a particular focus on its trade against the euro (FXE) in EUR/CHF. Although the euro continued to weaken through the week, the franc did so as well. So now, EUR/CHF is essentially where it was … Read more
The U.S. dollar (UUP) is at 11-month highs. The dollar index is finally showing the strength many expected from the beginning of 2014 in anticipation of strong economic numbers and subsequent rate hikes. The chart above shows that the U.S. dollar index has been on a relative tear since bouncing off its QE3 reference price … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 31, 2014. Click here to read the entire piece.) The U.S. dollar index (UUP) has increased steadily all of July. The dollar index has gained 2% month-to-date. This matches a similar gain from the dollar’s last low in early May … Read more