ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Swiss National Bank (SNB) released its latest decision on monetary policy on Thursday, March 21. Apparently the warnings from the SNB were drowned out by the rallies in financial markets that day. The SNB dropped its growth forecast, its inflation forecast, and reiterated that economic risks are biased to the downside. I took particular … Read more
It was utter chaos in January, 2015: the Swiss National Bank (SNB) capitulated on its self-made 1.20 floor against the euro on EUR/CHF. The bottom completely fell out the currency pair and caused ripple effects around the world of forex. I barely traded the Swiss franc since then specifically because of what I perceived as … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 9, 2015. Click here to read the entire piece.) On November 3, 2015, Thomas Jordan, the Chair of the Swiss National Bank (SNB) spoke in front of the Investment Strategists Association of Geneva on the topic “The SNB’s monetary policy … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 18, 2014. Click here to read the entire piece.) The Swiss National Bank (SNB) reacted swiftly. It could have just been a “fat finger” trade an hour before U.S. trading began. In an instant, the euro (FXE) vs Swiss Franc … Read more