ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Surprise! The dollar’s relief rally is not quite over as I had suspected last Thursday (October 27) when the dollar plunged with resounding force below its 200-day moving average (DMA). On Monday, the dollar index surged back above its 200DMA as all of last week’s booming enthusiasm over a deal on Greek sovereign dealt rapidly … Read more
The dollar has been one of the weaker currencies amongst the major industrial trading partners. Thanks to coordinated intervention, the Japanese yen has managed to take over the mantle from the dollar in the race to the bottom. The weekly chart below shows that the dollar’s rally against the yen stopped cold as it approached … Read more