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 September 24, 2015. Click here to read the entire piece.) {snip} After reading the actual speech by Andrew Haldane, titled ominously “How low can you go?,” I realized that the BBC had overly focused Haldane’s concluding remarks. I can understand the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 2, 2015. Click here to read the entire piece.) It seems odd to fear that wage growth is slumping in the U.S. with increasing momentum supporting minimum wage hikes across the country and through many industries. Yet, wage data on … Read more
To start this week, I pointed out that the U.S. dollar index (UUP) and the British pound (FXB) had tagged important milestones for this year. The U.S. dollar index finally rallied back to the downtrend line established from its multi-year high set in March. The British pound finally cracked the 0.70 support level against the … Read more
On Friday, July 17, 2015, the U.S. dollar index (UUP) closed just below the short-term downtrend in place since it made a multi-year high in March. And for those who fear a strong dollar is bad for the U.S. economy, or at least the stock market, the S&P 500 (SPY) is apparently out to prove … Read more
Perhaps as a great irony, the British pound (FXB) is suddenly losing favor even as the euro appears to stabilize in the wake of the latest drama in Greece. Since touching the 0.70 level last week, the euro has made steady gains against the British pound as seen here in EUR/GBP. Now, the British pound … Read more