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…
(This is an excerpt from an article I originally published on Seeking Alpha on April 16, 2012. Click here to read the entire piece.) I have been writing more and more bearishly on the Australian dollar this year (for example, see “Reserve Bank Of Australia Seems Biased Toward More Monetary Easing“). After BHP Billiton (BHP) … Read more
Last week I asked whether time is running out for the Australian dollar versus the British pound. Apparently, the answer is yes. The very next day, the GBP/AUD currency pair surged upward through the previous trading channel. Only the 200-day moving average (DMA) stopped the momentum. But even that reprieve looks very temporary. As of … Read more
The GBP/AUD currency pair – the British pound versus the Australian dollar – combined the best of two worlds for me: my bearishness on the British pound and my bullishness on the Australian dollar. Even though I ended my love affair with the Australian dollar almost two weeks ago, I continue to enjoy trading the … Read more
Someone forgot to tell the Australian dollar that financial markets are in “risk on” mode. While the Australian dollar is still up for the year against the U.S. dollar, it continues to lag the S&P 500 (SPY) by a greater and greater distance. The Aussie is now up 2.6% versus the U.S. dollar whereas the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 5, 2012. Click here to read the entire piece.) {snip}…this is a good moment to describe finally why I recently sold my long-term holdings in the Rydex CurrencyShares Australian (FXA). {snip} Never once have I pondered the possibility of the … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 88% (overbought day #25) … Read 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
This is an excerpt from an article I originally published on Seeking Alpha on January 1, 2012. Click here to read the entire piece.) At the end of 2010, the Australian dollar closed at an all-time high against the U.S. dollar; the Aussie gained 14% and yielded 4.75% (for more details see “The Australian Dollar … Read more
On June 15, Bank of England Governor Mervyn King spoke at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at the Mansion House. The speech covered very familiar themes for King and the Bank of England. King first acknowledged the squeeze on the economy in the United Kingdom: “The challenge … Read more
A surprise increase in margin requirements after the close of business November 10th apparently contributed to the climactic end to silver’s parabolic move on Tuesday. This also explains why gold’s fade was not nearly as bad a silver’s. Details are available in the following references in order of publication: CNBC (Tues): “CME Taps the Brakes … Read more