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 23, 2014. Click here to read the entire piece.) {snip} Ironically, this situation was essentially manufactured by these same authorities, but sure enough the first attempts to rein in the runaway train have appeared. Almost right on schedule, Japanese Finance … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 23, 2012. Click here to read the entire piece.) The minutes from the last Federal Reserve meeting seem to suggest that members are starting to coalesce around Janet Yellen’s analysis that monetary policy should be more accomodative (see “Yellen’s Case … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) The U.S. dollar was one of last week’s biggest losers during a very bullish week. As I have chronicled for several weeks now, the market’s bullish signals continue to grow. With … Read more
(Repost from January 7, 2010) Naoto Kan, Japan’s new Finance Minister, took office today and promptly requested that currency traders sell the yen. This stance further supports September’s backtracking from an implicit stronger yen policy earlier suggested by out-going Finance Minister, Hirohisa Fujii. Japan has now officially returned to the de facto competitive devaluation that … Read more
I suggested on Friday that old mercantile forces would start to gripe if the Japanese yen continued to rise too far. Sure enough, Reuters reports this morning that the Japanese Finance Minister, Hirohisa Fujii, is backing away from earlier remarks he has made essentially welcoming a stronger currency. Fuji even went so far as to … Read more