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 December 16, 2012. Click here to read the entire piece.) Almost two weeks ago, I noted that as long as the Australian dollar (FXA) maintained its stubborn strength, it made sense to play the currency long versus the weakening Japanese yen … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 5, 2012. Click here to read the entire piece.) After the Reserve Bank of Australia (RBA) cut interest rates on Monday night, the Australian dollar (FXA) bounced down, up, drifted lower, and then rallied. It is too easy to call … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 3, 2012. Click here to read the entire piece.) Analyst consensus anticipates a rate cut at the next meeting of the Reserve Bank of Australia (RBA). I forgive you for being surprised if you have been keeping your eye on … Read more
Today, market traders are noting that the yield on 10-year Japanese government bonds, also known as JGBs, dropped to 9-year lows at 0.72%. This weakness in yields stands in stark contrast to the Japanese yen’s (FXY) spate of weakness over the past two months and especially over the past two weeks. A week ago, I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 6, 2012. Click here to read the entire piece.) The timing of The Reserve Bank of Australia’s interest rate cuts is starting to look like a random number generator. In its latest statement on monetary policy (Nov 6th in Australia), … Read more