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 11, 2013. Click here to read the entire piece.) The next statement on monetary policy from the U.S. Federal Reserve comes on December 18th. With taper expectations on the rise again thanks to the 204,000 jobs added in October, it … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 5, 2013. Click here to read the entire piece.) In today’s statement on monetary policy (Nov 5, 2013 in Australia), the Reserve Bank of Australia (RBA) offered up its usual menu of economic observations. As usual, my main interest turned … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 4, 2013. Click here to read the entire piece.) The Australian Bureau of Statistics (ABS) latest report on housing prices in Australia’s eight capital cities demonstrates a market that remains hot, especially in Sydney. These increasing prices are no surprise … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 29, 2013. Click here to read the entire piece.) {snip} And with that Governor Stevens went back on “attack” on the Australian dollar (FXA). This is the exact jawboning I had been expecting earlier to replace the RBA’s surprising omission … 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
(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 July 11, 2013. Click here to read the entire piece.) Ordinarily, I would have called Wednesday’s (July 10, 2013) close on the S&P 500 (SPY) a stalemate that potentially signals a reversal in fortunes for the index. The flat close occurred … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 20, 2013. Click here to read the entire piece.) {snip} The Federal Reserve announcement sounded a bit like something former governor Mervyn King might say about the prospects for the Bank of England’s bond purchase program: {snip} I imagine believers … Read more