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 June 8, 2015. Click here to read the entire piece.) Over the past month the Canadian dollar (FXC) has significantly diverged from oil prices. Source: The St. Louis Federal Reserve This divergence is not a surprise given the weak correlations between … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 12, 2015. Click here to read the entire piece.) The Canadian jobs report is often overlooked thanks to the bigger headlines on the U.S. jobs report that precedes it. The Canadian dollar (FXC) strengthened marginally in response to the combination … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 20, 2015. Click here to read the entire piece.) In my last post on the Canadian dollar (FXC), I claimed that it was time to start buying Canada while at the same time cautioning about an over-extension in the currency … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 16, 2015. Click here to read the entire piece.) In the wake of the Bank of Canada’s latest announcement of monetary policy, the Canadian dollar (FXC) finally broke through an important line against the U.S. dollar. It is a line … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 15, 2015. Click here to read the entire piece.) The retrenchment for employment in Canada’s mining, quarrying, and oil and gas extraction is well underway. Presumably, oil and gas are the primary drivers of the decline. The latest employment report … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Feb 25, 2015. Click here to read the entire piece.) As every other major central bank has done, the Federal Reserve has taken a crack at estimating the economic impact of the collapse in oil prices. In its semi-annual report to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Feb 8, 2015. Click here to read the entire piece.) Canada has produced several strong economic reports over the past several months. For example, even with a 8.8% month-over-month drop in employment in the natural resources sector, January produced a net … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Feb 2, 2015. Click here to read the entire piece.) It is never good to see a negative print on a GDP growth number. It is even worse when it is below market “expectations.” When Statistics Canada reported a GDP decline … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Jan 22, 2015. Click here to read the entire piece.) My re-evaluation of my newfound bullishness on the Canadian dollar came just in time for a surprise rate cut from the Bank of Canada (BoC). The CurrencyShares Canadian Dollar ETF (FXC) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on Jan 14, 2015. Click here to read the entire piece.) “The recent movements in oil prices have been dramatic, but they are not random. Once we sort through the different economic forces at play, we see that underlying the recent drop … Read more