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 July 14, 2014. Click here to read the entire piece.) Employment picture remains lackluster On Friday, Statistics Canada painted another disappointing jobs picture for the country. Instead of the 20,000 additional jobs expected by the “consensus” for June, the Canadian economy … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 12, 2014. Click here to read the entire piece.) Ever since the Federal Reserve decision on monetary policy on March 19th, the Canadian dollar (FXC) has staged a strong recovery, increasing about 3.4% over that time. Canada’s weak employment report … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 7, 2014. Click here to read the entire piece.) There was a lot of action last week in the foreign exchange market. This piece is a quick update on how I have adjusted and/or maintained positioning in select currencies: the … Read more
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 February 3, 2014. Click here to read the entire piece.) On January 22, 2014, the Bank of Canada left its target overnight interest rate at 1%. However, the Canadian dollar (FXC) slid quickly against the U.S. dollar anyway as the currency … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 20, 2014. Click here to read the entire piece.) {snip} This is from Janet Yellen’s first Federal Reserve press conference as Fed Chair (starting around the 37:00 mark). Yellen answered a question from a reporter from Reuters on when rates … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2014. Click here to read the entire piece.) It looks like the Bank of Canada was indeed setting the groundwork for easing monetary policy when it sounded fresh alarms about the Canadian economy last year. The extremely weak employment … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 3, 2013. Click here to read the entire piece.) {snip} Source: FreeStockCharts.com The Bank of Canada was consistent with the change of tone from late October’s downgrade of the Canadian economy. In particular, inflation retreated further away from target: {snip} … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 4, 2013. Click here to read the entire piece.) Last week, Statistics Canada reported year-over-year GDP growth of 2.0% for August, 2013 which beat analyst expectations of 1.7%. This growth translated into a 0.3% month-over-month increase. July delivered 0.6% growth … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 28, 2013. Click here to read the entire piece.) Canadian monetary policy may have experienced an important change-up. With last week’s announcement on monetary policy, the Bank of Canada became a little more dovish. The sharp response in the Canadian … Read more