ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The U.S. dollar index (USDX) remains stuck in its downtrend by a thread. Source: FreeStockCharts.com The long-awaited catalyst was the U.S. jobs report for July, 2015. In my opinion, the report shed no new light on the timing for a Fed rate hike. It was pretty much more of the same. The stalemate on the … Read more
Reuters reported on August 4, 2015 that Atlanta Federal Reserve President Dennis Lockhart insisted to the Wall Street Journal that he firmly supports a rate hike in September. Only a “‘significant deterioration’ in the U.S. economy” would deter Locker. The 30-Day Fed Funds futures market was unimpressed – Locker might as well been screaming into … Read more