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 January 22, 2014. Click here to read the entire piece.) Remember last September when the Reserve Bank of Australia (RBA) somewhat mysteriously removed the following language from its statement on monetary policy?… “The Board also judged that the inflation outlook, as … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 13, 2014. Click here to read the entire piece.) The Australian Bureau of Statistics (ABS) reported a loss of 22,600 jobs for December, 2013 while consensus expectations were for a GAIN of 10,000 jobs. The economy lost 31,600 full-time jobs … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 21, 2013. Click here to read the entire piece.) As I noted earlier this week, I was eagerly anticipating the release of the minutes from the last policy meeting of the Reserve Bank of Australia (RBA) and a speech by … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 5, 2013. Click here to read the entire piece.) In today’s statement on monetary policy (Nov 5, 2013 in Australia), the Reserve Bank of Australia (RBA) offered up its usual menu of economic observations. As usual, my main interest turned … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 21, 2013. Click here to read the entire piece.) The Reserve Bank of Australia (RBA) must be getting a bit antsy at this point. After working hard to drive the Australian dollar (FXA) downward in an on-going effort to rebalance … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 2, 2013. Click here to read the entire piece.) Financial markets expected no rate cut from the Reserve Bank of Australia (RBA), and they got no rate cut. However, for whatever reason, expectations for a rate cut for the November … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 5, 2013. Click here to read the entire piece.) After Reserve Bank of Australia (RBA) Governor Glenn Stevens made it clear on July 30, 2013 that the RBA will maintain exceptionally low interest rates for quite some time, the Australian … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 30, 2013. Click here to read the entire piece.) The market is finally listening for every little cue from Glenn Stevens, the Governor of the Reserve Bank of Australia (RBA), and he is taking full advantage of it to help … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 3, 2013. Click here to read the entire piece.) In the past week, we have seen two different views on the Australian dollar (FXA) from official government sources. Last week, the Australian Government Bureau of Resources and Energy Economics (BREE) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 4, 2013. Click here to read the entire piece.) For many months, the Reserve Bank of Australia has been rolling out the same story of a peak in commodity prices, resource investment, and terms of trade. This month’s monetary policy … Read more