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
(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 26, 2013. Click here to read the entire piece.) It has been a week since the Federal Reserve surprised the globe when it backed off from its earlier tough talk about bond tapering. The U.S. dollar index (UUP) plunged in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 11, 2013. Click here to read the entire piece.) Ordinarily, I would have called Wednesday’s (July 10, 2013) close on the S&P 500 (SPY) a stalemate that potentially signals a reversal in fortunes for the index. The flat close occurred … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 20, 2013. Click here to read the entire piece.) {snip} The Federal Reserve announcement sounded a bit like something former governor Mervyn King might say about the prospects for the Bank of England’s bond purchase program: {snip} I imagine believers … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 19, 2013. Click here to read the entire piece.) {snip} Traders have gotten quite bullish on the U.S. dollar. Reuters reported that bullish bets on the U.S. dollar have reached an 11-month high: {snip} This critical juncture for the dollar … Read more