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 July 28, 2015. Click here to read the entire piece.) When I last wrote about the Australian dollar (FXA), it was wavering at the 0.74 support level against the U.S. dollar. More importantly, market expectations for an August rate cut from … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 14, 2015. Click here to read the entire piece.) There are plenty of reasons to worry about the U.S. housing market. I am not adding China’s recent market turmoil to the list. In a piece called “Will China flee or … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 7, 2015. Click here to read the entire piece.) The Reserve Bank of Australia (RBA) left its cash rate at 2.0%, right in-line with market expectations as expressed through the Australian Stock Exchange’s RBA rate tracker. In making its policy … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2015. Click here to read the entire piece.) The only thing the Sydney Morning Herald (SMH) missed in its amazingly accurate preview of the May decision on monetary policy from the Reserve Bank of Australia (RBA) was that the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 1, 2015. Click here to read the entire piece.) While the U.S. dollar (UUP) was experiencing fresh bout of weakness, the Australian dollar (FXA) was surprisingly even weaker. Although I explained in an earlier piece that the Australian dollar was … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 9, 2014. Click here to read the entire piece.) The DailyFx lists the the National Australia Bank’s (NAB) monthly indices for Business Confidence and Business Conditions as having a low impact on currency markets. As a result, I do not … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2014. Click here to read the entire piece.) {snip} Guy Debelle, an Assistant Governor of the Reserve Bank of Australia (RBA), delivered a must read speech on pricing and volatility in financial markets. He was about as subtle as … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 9, 2014. Click here to read the entire piece.) Not even another poor jobs report – unemployment rate up from 6.0% to 6.1% and a loss of 29,700 employed persons – could keep the Australian dollar (FXA) down. During the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 28, 2014. Click here to read the entire piece.) Australia’s Bureau of Resources and Energy Economics (BREE) recently released its September, 2014 quarterly report on Australia’s resources and energy sectors and analysis of key commodity markets. Each report includes forecasts … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2014. Click here to read the entire piece.) The August employment report from the Australian Bureau of Statistics (ABS) delivered a tremendous surge in jobs. The additional 121,000 people employed in August far exceeded the “consensus forecast” of 15,000. … Read more