ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The British pound
Currency markets have been providing some excitement during the past several weeks. Some will ascribe it to lower liquidity, but I think that explanation is too easy. Major adjustments are likely underway in sentiment and positioning, so traders will do well to review charts on at least a weekly basis to assess the bigger picture … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 1, 2014. Click here to read the entire piece.) The British pound (FXB) has experienced a steep and near continuous decline ever since it hit new multi-year highs in July against the U.S. dollar. {snip} Source: FreeStockCharts.com After a strong … Read more
(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
(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