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, 2012. Click here to read the entire piece.) Japanese yen (FXY) traders have been here before. Earlier this year, the U.S. dollar (UUP) ripped from historic lows against the yen around 76 to a peak just above 84 in just … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 19, 2012. Click here to read the entire piece.) In “Enhancement of Monetary Easing” the Bank of Japan (BoJ) rushed to match the Federal Reserve’s renewed commitment to printing money to resolve economic malaise. This is not the intervention I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 23, 2012. Click here to read the entire piece.) The minutes from the last Federal Reserve meeting seem to suggest that members are starting to coalesce around Janet Yellen’s analysis that monetary policy should be more accomodative (see “Yellen’s Case … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 16, 2012. Click here to read the entire piece.) The U.S. dollar and Japanese yen have played an up and down game of seesaw since July of last year. The USD/JPY, or the inverse of the Rydex Currency Shares Japanese … Read more
As the world’s currency wars rage on, the Federal Reserve is re-emerging as the “victor.” The dollar index looks ready to erase all its gains for 2010 on the heels of the Fed’s threat to roll out quantitative easing (QE) Part 2. This threat in turn came on the heels of the Bank of Japan’s … Read more
The Bank of Japan (and/or the Japanese Ministry of Finance) has an excellent sense of timing technicals. Last night’s intervention to put an end to the on-going strength in the Japanese yen came just as the U.S. dollar looked ready to follow-through on its break of the important support at the 200-day moving average (DMA). … Read more