ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Technically Speaking “…the most technical trade in almost any instrument has got to be Telsa stock….Investors love the company…there are some long-term and substantial holders…who are not inclined to sell…” – Michael Khouw, CNBC, May 8, 2020 The technicals are the main way I have come to understand and appreciate Tesla (TSLA). Once again, the … Read more
Three months ago, I wrote about the “organized chaos” in the British pound (FXB). I described an organized process of GBP/USD bouncing off and pivoting around key moving averages with the occasional sharp interruption of Brexit-related trades. Ironically, the sharp Brexit-related rally that sparked that post looks now like the British pound’s last gasp for … Read more
Tears In May Three weeks ago, I wrote about my skepticism about the strength of the British pound (FXB) in the wake of a resounding political defeat for the Conservatives. Brexit-related moves in the pound have proven fleeting and this time was no different. The pound peaked right after that post, but the persistent nature … Read more
The British pound (FXB) is not the only currency trading in well-defined chaos. The Turkish lira stumbled into the week in the wake of the political uncertainty and forex chaos caused by the cancellation of the results of Istanbul’s recent municipal elections. USD/TRY soared at one point about 3%. The renewed political uncertainty reportedly comes … Read more
It is increasingly clear that President Trump and his administration will relentlessly pursue a goal of balanced trade with the rest of the world. Trump sees negative trade balances as an absolute bad, and his fiery political rhetoric highlights that positioning. If my interpretation is correct, then I want to stay net long the U.S. … Read more