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 October 21, 2012. Click here to read the entire piece.) {snip} Since at least 2010, Governor Mark Carney has consistently warned Canadians that interest rates are abnormally low and must inevitably go up. However, Carney has also made it clear that … Read more
Earlier in the day, I tweeted: Finally time to short $USDCAD. At 50DMA and a 2-week post-QE3 relief rally seems “long enough” For two weeks since the Federal Reserve announced QE3, the dollar index has had a nice relief rally. Notice that the dollar index has hit its first test at the 20-day moving average … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 17, 2012. Click here to read the entire piece.) I am still working on a revision for the commodity crash playbook to take into account the new QE3 regime, but the trading action is already moving faster than I can … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 14, 2012. Click here to read the entire piece.) In the Federal Reserve’s latest statement on monetary policy, Chairman Ben Bernanke basically announced that the Fed is giving the economy a blank check: {snip} This forceful action is likely much … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. Click here to read the entire piece.) Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%. I believe this drop all but confirms staunch … Read more