ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
A bottom for the British pound just got more likely. The latest data from the CFTC shows that net speculators beat a major retreat from net short positions against the British pound: Source: Oanda’s CFTC’s Commitments of Traders The chart shows that speculators have not held such small net short positions since the surge began … Read more
The following data cover the latest from the CFTC’s Commitment of Traders as reported by Oanda from the week of Monday, February 15, 2016. From Oanada: “The Commitments of Traders (COT) is a report issued by the Commodity Futures Trading Commission (CFTC). It aggregates the holdings of participants in the U.S. futures markets (primarily based … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 2, 2015. Click here to read the entire piece.) The European Central Bank (ECB) next makes a statement on monetary policy on December 3, 2015. The market is apparently eagerly anticipating an announcement from ECB President Mario Draghi that delivers … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 6, 2014. Click here to read the entire piece.) The pressure is building on the Australian dollar (FXA). If it were not for the fresh collapse in the Japanese yen (FXY), the proverbial risk trade would be looking very shaky. … Read more
Tonight, January 14, 2014, I was casually doing my periodic check of forex charts and was absolutely startled to see so many currency pairs pivoting around the 50-day moving average (DMA). I was so captured by this pattern, I decided to post every single chart for the record. I realize that the tests and touches … Read more