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 29, 2015. Click here to read the entire piece.) This year has started for SPDR Gold Shares (GLD) in a fashion eerily similar to 2014. On December 18, 2013, the Federal Reserve officially announced the planned tapering of its bond … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 12, 2015. Click here to read the entire piece.) I was just getting ready to think through my latest piece on the Australian dollar (FXA) as a story about the currency’s resiliency likely thanks to an on-going rebound in price … Read more
The U.S. dollar index (USDX) remains stuck in its downtrend by a thread. Source: FreeStockCharts.com The long-awaited catalyst was the U.S. jobs report for July, 2015. In my opinion, the report shed no new light on the timing for a Fed rate hike. It was pretty much more of the same. The stalemate on the … Read more
Reuters reported on August 4, 2015 that Atlanta Federal Reserve President Dennis Lockhart insisted to the Wall Street Journal that he firmly supports a rate hike in September. Only a “‘significant deterioration’ in the U.S. economy” would deter Locker. The 30-Day Fed Funds futures market was unimpressed – Locker might as well been screaming into … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 2, 2015. Click here to read the entire piece.) It seems odd to fear that wage growth is slumping in the U.S. with increasing momentum supporting minimum wage hikes across the country and through many industries. Yet, wage data on … Read more