Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, December 19, 2016
Chinese Yuan's Day of Reckoning / Currencies / China Currency Yuan
By: Michael_Pento
China's economy and markets have been defying the laws of economics since 2009. Amid a worldwide financial crisis during that year, they managed to grow their economy by 8.7%. But that growth was fueled by a $586 billion dollar government stimulus package, which was followed by an additional $20 trillion dollars in new construction spending over the next seven years.
China's economy became the envy of the world as the economy expanded through the edict of government to build massive cities that were mostly vacant. In fact, estimates are that 52 million homes in China are currently vacant and 90% of those empty units were purchased for investment purposes.
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Saturday, December 17, 2016
From Unloved & Unwanted to George Washington on Steroids: The U.S. Dollar / Currencies / US Dollar
By: EWI
From Unloved & Unwanted to George Washington on Steroids: The U.S. Dollar
Chart of the Day
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Friday, December 16, 2016
The War on Cash Rages On in India and Venezuela / Currencies / War on Cash
By: Jeff_Berwick
Imagine you roll out of bed tomorrow to find out that US $100 and $50 bills were outlawed and deemed worthless? Hard as it is to believe, this is now taking place in both Venezuela and India.
It’s a war on cash. And it’s coming soon to your doorstep.
This past Sunday, President Maduro, the tyrannical leader of the socialist paradise of Venezuela gave a three day warning that he was eliminating his country’s 100 bolivar bank note.
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Wednesday, December 14, 2016
War on Cash Spreads to India / Currencies / War on Cash
By: John_Browne
Over the past year, central banks, commercial bankers and prominent economists have expressed the view that digital money and transfers should replace large denomination cash and cash transactions. This dramatic transition has been fostered under the guise of the public interest in an effort to curb terrorism, tax evasion and criminal activity. Many observers contemplate more sinister motives that involve increased government control of economic activity. The latest country to engage in this 'war on cash' is India.
Wednesday, December 14, 2016
Forget about Fake News – Worry about Fake Money / Currencies / Fiat Currency
By: MoneyMetals
Post-election airwaves and publications today are filled with bad news, good news, and fake news.
The bad news is ‘fake news’ is very real. The good news is fake news is nothing new. The even better news for gold and silver stackers is they have learned to live with decades of fake news about sound money.
You already know all about fake news. It used to go by other names – lies, propaganda, false advertising, and brainwashing, to name a few. Now we can add polling results and agenda-driven predictions to that list.
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Monday, December 12, 2016
Euro Crisis and Contagion Almost Certain In 2017 / Currencies / Eurozone Debt Crisis
By: GoldCore
A euro crisis and contagion is almost certain in 2017, Irish economist and writer David McWilliams has warned:
Read full article... Read full article...“It is almost certain that there will be another euro crisis in 2017. The last time we had a euro crisis, the focus of attention was Greece; today the vortex is Italy.
Thursday, December 08, 2016
Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold / Currencies / Euro
By: John_Rubino
ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the seams and the only tool left to delay the inevitable is easier money. As the following chart illustrates, the euro has been declining since 2008, with the descent accelerating lately.
Wednesday, December 07, 2016
Plunge of Nigerian Naira and the New US Dollar Volatility / Currencies / Africa
By: Dan_Steinbock
While OPEC production cuts could slow the plunge of Nigerian naira, the real headwinds are ahead, thanks to the impending Fed rate hike, the incoming Trump administration and US dollar as the new fear index.In Africa, some 14 countries have been using the CFA franc that is pegged to the euro, while three have been pegged to the South African rand. Before the Trump triumph, the conventional wisdom was that as the US dollar would weaken against the euro in the short term, this will reduce inflationary pressures in these countries. However, skeptics argued that inflationary pressures were already low in most countries with a euro peg and a stronger currency would affect their competitiveness.
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Monday, December 05, 2016
India’s Demonetization Could Be the First Cash Domino to Fall / Currencies / War on Cash
By: John_Mauldin
BY PATRICK WATSON : Just recently, millions of Americans voted against Hillary Clinton because, among other reasons, we thought she would raise taxes or otherwise take our money.
Most of us didn’t notice what happened on the other side of the world that very same day. Indian Prime Minister Narendra Modi really did take everyone’s money.
Citizens of India learned, with only a few hours’ notice, that their 500 and 1,000-rupee notes were no longer legal tender. Those are—or were—the country’s largest-denomination bills and the foundation of a huge underground economy.
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Thursday, December 01, 2016
Blockchain Technology – What Is It and How Will It Change Your Life? / Currencies / BlockChain
By: GoldCore
Blockchain technology – What is it?
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Latest developments – Royal Mint Gold & CME, Goldman Sachs and Santander
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Why do we need it? It’s about value
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Blockchain is an extension of economics
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Blockchain allows us reduce uncertainty and risk
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How will it change your life?
Wednesday, November 23, 2016
As Cryptocurrencies Grow More Popular, IRS Attacks Bitcoin Exchange / Currencies / Bitcoin
By: Jeff_Berwick
Coinbase, a popular American bitcoin exchange, is under fire by the IRS – one of the most ruthless government agencies – for being suspected of “failing to comply” with tax laws.
Because of the “war on cash,” privacy concerns and price inflation, people are flocking into cryptocurrencies such a bitcoin. But such alternatives to monopoly-fiat paper money are hated by the handful of human overseers who control the monopolized central banking system.
Privately held exchanges like Coinbase facilitate the exchange of fiat currencies and commodities for a given amount of bitcoin depending on the price being quoted.
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Wednesday, November 23, 2016
Chinese Renminbi Amid US Dollar’s Global Risk / Currencies / Fiat Currency
By: Dan_Steinbock
In the long-term, Chinese renminbi enjoys strong prospects. In the short-term, it must cope with domestic and international pressures – and the US dollar as the new “fear gauge.”Recently, the Chinese renminbi fell to its lowest level since late 2008. Currently, it trades around 6.88 to US dollar.
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Wednesday, November 23, 2016
Rising US Dollar, Rising Global Risks / Currencies / US Dollar
By: Dan_Steinbock
As US dollar hitting record highs, it is no longer a sign of global recovery but also becoming the world’s premier fear gauge and global risk.Recently, US dollar hit its 13-year high. According to the ICE Dollar Index, which measures the currency against a basket of six other currencies, soared to 100.6, its peak since April 2003. In view of analysts, US dollar is fueled by rising government bond yields (and the Fed’s anticipated rate hike), and expectations of Trump’s fiscal expansion (infrastructure stimulus).
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Friday, November 18, 2016
Euro Price Action Post-Election: "We Expected That" / Currencies / Euro
By: EWI
Our Currency Strategist Outlines His Long-term View of the Euro
[Editor's note: The text version of this interview is below.]
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Thursday, November 17, 2016
Forex Trading EUR/USD at Lowest Levels since Last November / Currencies / Forex Trading
By: Nadia_Simmons
Although the USD Index moved slightly lower earlier today, currency bulls stopped their opponents and pushed the greenback higher once again. As a result, EUR/USD extended losses and dropped to its lowest level since almost a year. How low could the exchange rate go?
In our opinion, the following forex trading positions are justified – summary:
EUR/USD: short (a stop-loss order at 1.1180; downside target at 1.0568)
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: long (a stop-loss order at 0.9664; upside target at 1.0237)
AUD/USD: none
Wednesday, November 16, 2016
EURO Yearly Cycle Low / Currencies / Euro
By: Gary_Savage
The Euro daily cycle is now on Day 16. I’m guessing the euro will print a final yearly cycle low sometime this week.
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Wednesday, November 16, 2016
The War On Cash Goes Nuclear In India, Australia and Across The World / Currencies / War on Cash
By: Jeff_Berwick
We are living in a world where paper fiat money is becoming a novelty.
In Australia, Citibank has just become the first to declare that it no longer will accept notes or coins. Only digital transactions. This follows on the heels of India banning large cash denominations.
The cash-oriented changes of these two countries are especially troubling in light of the eventual plans to phase out large denomination euro notes and the US 100 dollar bill by 2018. Just as the Economist predicted nearly 30 years ago, the world is going cashless.
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Tuesday, November 08, 2016
The Yen is Expected To Benefit From US Dollar Uncertainty Over Election Week / Currencies / Japanese Yen
By: Submissions
Adam Teen writes: The US dollar enters a crucial week against its rivals, including the Japanese Yen, as the volatile sessions are expected because the USA is officially going into polls on Tuesday 8th.
Strong economic performance data released over the past week did not quite convince investors that it is safe to hold the green buck over the next few sessions.
Monday, November 07, 2016
Time To Short the U.S. Dollar? / Currencies / US Dollar
By: Chris_Vermeulen
The dollar rally has been led in hopes of the FED tightening rates in December of 2016. While most of the other developed nations are still struggling with low inflation, the U.S.Government provided data that has been largely supportive of a rate hike.
The sharp rise in the dollar had taken it to extreme levels against the EURO, as shown in the Bloomberg chart below.The reversal was due, as evidenced by the RSI, however, the fall has been more vicious and looks like a correction, rather than a mere pullback.
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Saturday, November 05, 2016
Bitcoin Trading Alert: Bitcoin at Long-term Resistance / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Bitcoin is now getting more attention as the currency has shot up in the last couple of weeks. In an article on Bloomberg,we read:
It's happening again. Bitcoin has locked step with gold and taken to the skies as uncertainty about the U.S. election increases volatility in global markets. It is, in short, acting as a haven.
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Aside from facing obsolescence and the threat of competing with actual currencies, the volatility of Bitcoin has to be off-putting for serious investors. During any given period, the digital currency swings three to five times more violently than gold, hardly the behavior expected from a haven asset.
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