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 November 6, 2012. Click here to read the entire piece.) The timing of The Reserve Bank of Australia’s interest rate cuts is starting to look like a random number generator. In its latest statement on monetary policy (Nov 6th in Australia), … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 30, 2012. Click here to read the entire piece.) It’s official – the Reserve Bank of Australia (RBA) is trying to work the Australian dollar lower. In a surprise move, the RBA cut rates 50 basis points to 3.75%. Expectations … Read more
Panicked Savers Now Paying for Bank Deposits – CNBC Bank of New York says it will charge 0.13 percent on accounts with an average monthly balance of more than $50 million. That's 0.03 percent above the 0.10 percent the bank pays to insure deposits with the FDIC. (tags: banking FDIC interest_rates)
For those people counting down to the first rate hike from the Federal Reserve, New York Federal Reserve President William Dudley offered an interpretation of “extended period” for Susie Gharib of Nightly Business Report: “GHARIB: Bill, everybody wants to know what do you mean by extended period? Would you please define that for us? DUDLEY: … Read more
Yesterday, the Bank of England left its interest rate at 0.50% and increased its program of quantitative easing by £25 billion to a total of £200 billion. The British pound immediately rallied on the news against all major currencies – apparently, analysts already expected the increase and were afraid the BoE might actually increase quantitative … Read more