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 1, 2014. Click here to read the entire piece.) The British pound (FXB) responded so strongly to the June Markit/CIPS UK Manufacturing PMI® report that I decided to read it and go beyond the headlines. I found a report full … Read more
Here is a very quick chart note on the British pound. I think the technicals are getting pretty interesting on the currency and major moves seem underway. At the time of writing the British pound is making a major breakout against the Japanese yen (GBP/JPY) on the heels of on-going robust economic news from United … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 12, 2014. Click here to read the entire piece.) After artfully fending off questions about the timing for higher interest rates, Mark Carney finally gave the market throngs a clearer hint: {snip} Mark Carney on timing of first rate rise: … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 27, 2014. Click here to read the entire piece.) “Escape velocity won’t come cheap.” – Mark Carney, Governor of the Bank of England (BoE), January 24, 2014 This was Governor Carney’s warning to the audience at the Davos CBI British … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 17, 2014. Click here to read the entire piece.) The United Kingdom’s Office of National Statistics (ONS) reported retail sales today that suggest consumers went on a literal shopping spree in December, 2013. {snip} The ONS reported the most notable … Read more
Tonight, January 14, 2014, I was casually doing my periodic check of forex charts and was absolutely startled to see so many currency pairs pivoting around the 50-day moving average (DMA). I was so captured by this pattern, I decided to post every single chart for the record. I realize that the tests and touches … Read more
There were no economic reports of importance from the eurozone or from the United Kingdom to end the week. Yet, this absence did not prevent traders from sending the euro (FXE) and the British pound (FXB) into major overnight breakouts: a 25-month high for the euro and 28-month high for the pound against the U.S. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2013. Click here to read the entire piece.) Third quarter GDP for the United Kingdom grew 1.5% year-over-year and 0.8% quarter-over-quarter. These numbers met economist “expectations,” yet the British pound soared in response anyway. This rally is important as … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 1, 2013. Click here to read the entire piece.) The U.S. dollar (UUP) sold off steadily going into Wednesday’s (October 30, 2013) statement from the Federal Reserve on monetary policy. It has been a slow yet relatively steady grind lower … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 27, 2013. Click here to read the entire piece.) A simple statement is all it took: “THE Bank of England would consider the case for more quantitative easing should the recovery falter, Mark Carney told the Yorkshire Post. ‘But my … Read more