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 August 30, 2013. Click here to read the entire piece.) {snip} Before Mark Carney took over as governor of the Bank of England (BoE), the main question buzzing in financial media seemed to focus on figuring out just how dovish Carney … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 15, 2013. Click here to read the entire piece.) In last week’s Inflation Report, Bank of England governor Mark Carney tried his best to spin the good economic data in the United Kingdom as evidence that interest rates need to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 8, 2013. Click here to read the entire piece.) Last week was a great week of economic news for the United Kingdom. The apparent economic improvement seems to be unfolding just as Mervyn King seemed to suggest in his final … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 7, 2013. Click here to read the entire piece.) {snip} The market seemed to convulse on the notion that the Fed could actually end asset purchases but seemed to ignore the conditional of a much improved labor market and improving … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 24, 2013. Click here to read the entire piece.) {snip} The reaction to the Cyprus news was swift in financial markets starting with currency markets on that Sunday. By the end of the week, the S&P 500 (SPY) remained down … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 8, 2013. Click here to read the entire piece.) On February 7th, The Monetary Policy Committee (MPC) of the Bank of England (BoE) decided once again to peg interest rates at 0.5%. The projections and explanations for inflation most interested … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more
Today, market traders are noting that the yield on 10-year Japanese government bonds, also known as JGBs, dropped to 9-year lows at 0.72%. This weakness in yields stands in stark contrast to the Japanese yen’s (FXY) spate of weakness over the past two months and especially over the past two weeks. A week ago, I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 28, 2012. Click here to read the entire piece.) The British pound (FXB) was falling fast going into last week’s GDP number. The pound even broke through support at its 50-day moving average (DMA). It seemed like momentum was setting … Read more