Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, July 26, 2016
Bitcoin $650 Still in Play / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
A recent development in the Ethereum ecosystem might turn out to be important for other digital assets, Bitcoin included. On CoinDesk, we read:
The ethereum ecosystem is returning to normalcy following a high-profile hack last month that resulted in nearly $60m worth of investor funds ending up under the control of an unknown group or individual.
The 'theft', as some would label it, was eventually reversed through what's known as a hard fork, a change in the code, 'approved' by an informal community vote, that effectively moved the disputed funds to a new account where investors could withdraw their original investments.
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Tuesday, July 26, 2016
The Forex Markets Are Getting Exciting! / Currencies / Forex Trading
By: EWI
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
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Monday, July 25, 2016
Here’s One Currency That Could Go to Zero / Currencies / Fiat Currency
By: John_Mauldin
BY JARED DILLIAN: Shinzo Abe just scored a decisive victory in the upper house elections. Let me explain why that is not boring.
Abenomics was conceived in 2012 as a way to combat Japan’s never-ending deflation and pseudo-depression. It included a truly massive program of quantitative easing. This involved the printing of yen to buy all sorts of assets—including stocks!
Abenomics has continued for four years… with mixed results.
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Saturday, July 23, 2016
Large Investors Become Major Bitcoin Buyers / Currencies / Bitcoin
By: Chris_Vermeulen
The world has woken up to the fact that the Central Banks are a curse, rather than a boom to the global economies, and their time left is slowly coming to an end because of new technologies and currencies I talked about last week.
People are starting to park their money in digital currencies, like Bitcoin, rather than parking them in fiat currencies. This is primarily due to the Negative Interest Rate Policy as well as Zero Interest Rate Policy of the Central Banks, which explains the sharp rise in the price of Bitcoin, this year as seen in the chart below.
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Wednesday, July 20, 2016
Forex: "The Markets Are Getting Exciting!" / Currencies / Forex Trading
By: EWI
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
Read full article... Read full article...
Wednesday, July 20, 2016
Forex Trading: Investors Await Inside Bar Breakout for Clear Direction in USD/JPY / Currencies / Japanese Yen
By: Richard_Cox
The US Dollar (USD) extended upside movement against the Japanese Yen (JPY) on Thursday, increasing the price of USD/JPY to more than 105.00 as bulls gain strength. The technical bias however remains bearish because of a Lower Low in the recent downside move. The pair has formed a great inside bar trade setup after the emergence of a giant candle on 24th June amid Brexit vote. A breakout through the aforementioned candle will provide clear direction for the pair.
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Wednesday, July 20, 2016
Bitcoin in Asymmetric Position / Currencies / Bitcoin
By: Paul_Rejczak
In short: no speculative positions.
The recent halving of Bitcoin rewards has proved to be a sort of no-volatility event. In an article on CoinDesk, we read:
One of the primary expectations leading up to halving was that the price would drop due to an expected rumor-and-event cycle, whereby traders would accumulate the asset, riding the excitement up until the actual halving took place, at which point they would exit positions.
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Tuesday, July 19, 2016
Waiting on the Euro to Bottom / Currencies / Euro
By: Gary_Savage
I’m just waiting for the euro to confirm a final intermediate cycle bottom. It’s now very late in the timing band at 33 weeks. So the bottom could occur at any time. My best guess is the euro will bottom and the dollar will top on, or the day before, the FOMC meeting next week.
The intermediate trend line has been broken. This needs to happen during cycle lows to get technical traders on the wrong side of the market. We are waiting for the trend line to break in gold.
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Tuesday, July 19, 2016
FX Traders: Get a Free Week of Forecasts (Details inside) / Currencies / Forex Trading
By: EWI
Dear reader,
Now through 5 p.m. July 22, you are invited to get free access to an online event that only happens once or twice a year at elliottwave.com:
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Monday, July 18, 2016
Will AUD/USD Selling Continue? / Currencies / Austrailia
By: Richard_Cox
Currency markets have seen some interesting moves over the last few weeks and one of the better trading setups can now be seen in the AUD/USD. These scenarios have come largely as a result of recent developments within the central bank.The Reserve Bank of Australia (RBA) recently announced that it would be willing to take extensive and unorthodox measures to right the economy, if the need arose. The current interest rate is 1.75%. If this turned out to be the case and the RBA opted to decrease the base interest rate to 1%, then options like government bond-buying would be likely considered. Such a measure would likely reduce the value of the Australian Dollar, which is presently trading near 0.76 USD.
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Sunday, July 17, 2016
Walkers Spell and Go Holidays Promotion Investigation Breaking News! / Currencies / Freebies and Comps
By: Anika_Walayat
Just like many people across Britain we have now entered well over 300 codes and won NO holiday in walkers crisps spell and go promotion because the letters K, C, D are not being given out randomly but have been released in very few numbers amongst an estimated 1.1 billion packets of crisps Well now with the promotion drawing to a close and clearly not many holidays having been won despite much effort, so now many people, have complained to the advertising standards agency who have launched a formal investigation into the Walkers Spell and Go promotion.
Saturday, July 16, 2016
AUD-USD Wave B High / Currencies / Austrailia
By: Austin_Galt
The Aussie dollar looks to have made a reaction high today and I remain bearish about its short term prospects. Let’s review the daily chart.
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Tuesday, July 12, 2016
Bitcoin Price Walking Thin Line / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
There has been an important change in the way the Bitcoin network operates. Namely, mining rewards have been cut in half. This is not an unforeseen change, since there is a known halving schedule. On BBC News, we read:
The financial rewards for being involved with the Bitcoin virtual currency have been halved.
Before 9 July, a regular reward of 25 bitcoins was handed out to those who were first to verify which coins had been spent.
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Friday, July 08, 2016
Forex Trading EUR, GBP, USD/JPY - Double Bottom or New Lows? / Currencies / Forex Trading
By: Nadia_Simmons
In recent days, the yen moved higher against the greenback as safe-haven buying supported the Japanese currency. In this environment, USD/JPY declined to important support and approached the Jun low. Double bottom or new lows?
In our opinion, the following forex trading positions are justified – summary:
EUR/USD: short (a stop-loss at 1.1236; initial downside target at 1.0708)
GBP/USD: short (a stop-loss at 1.3579; initial downside target at 1.2519)
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none
Wednesday, July 06, 2016
Brexit and Beyond -- Look at Price Patterns, not Market News / Currencies / Forex Trading
By: EWI
How Elliott waves helped us get bearish on the British pound days ahead of vote
Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped him do it.
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Wednesday, July 06, 2016
Correction in Bitcoin Price? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The road to a Bitcoin ETF has proved to be pretty challenging for the Winklevoss twins. First mentioned in 2013, the ETF has yet to be approved by the SEC, more than 2 years after the initial filing. In the recent days, the filing was amended to change the exchange the ETF would be traded on. On the Forbes website, we read:
In their three-year-long quest to offer a Bitcoin ETF, twin brothers Cameron and Tyler Winklevoss made several amendments to their regulatory filing with the Securities and Exchange Commission Wednesday.
After initially deciding to list the proposed Winklevoss Bitcoin Trust (which would go by the ticker symbol COIN) on Nasdaq, they’ve switched to BATS Global Markets, which has become a popular choice for newly launched ETFs and is known for a having technologically advanced exchange.
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Thursday, June 30, 2016
Forex Trading: EUR/JPY Trying to Stabilize After Drop / Currencies / Euro
By: Richard_Cox
Forex markets have been taken by surprise with the amount of volatility that has been seen in recent weeks. There are strong fundamental reasons for why this has occurred, as it has been almost impossible to avoid media coverage of the recent ‘Brexit’ events. But now that we have some finality in these areas, it is time to take a step back and assess what is actually happening to prices so that traders have an indication of what to expect going forward.
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Wednesday, June 29, 2016
Is the British Pound Poised to Crash to $1.20? - Video / Currencies / British Pound
By: Mario_Innecco
hi Wednesday jun 29th 2016 here at home of alternative
economics and contrarian views
just a little update on the financial markets and the pound sterling
I or the british pound it's a 22 5 p.m. here in London and the pound is
rebounded fairly well from the lows we saw a couple of days ago
just below 130 - I think the lower its one-thirty one-twenty just wanted and
also we're seeing the stock market's rebound quite well I've been thousands
of another 200 points today we're like 17,600 the footsie as well with around
62 6300 so there seems to be a lot of complacency at the moment despite this
Breck's it to a vote you know a few days ago it was the end.
Tuesday, June 28, 2016
Brexit’s Big Loser? Japan / Currencies / Japanese Yen
By: John_Rubino
One of the first results of Britain’s voting to leave the European Union was a sharply lower pound. Which means the UK is now winning the currency war. Henceforth its exports will be cheaper around the world, enabling its major companies to sell more stuff, make more money and hire more people. Inflation will pop, lessening the burden of government and consumer debts, and — other things being equal — growth will be faster.
Monday, June 27, 2016
British Pound BrExit Crash Wins Britain Currency War! / Currencies / British Pound
By: Nadeem_Walayat
The mainstream press is in a state of hysteria, panic even following the plunge in the British Pound from a Thursday night high of £/$1.50 to currently stand at £/$ 1.32. Whilst yes the 12% downwards plunge from £/$1.50 is in forex markets terms HUGE, a move not seen the likes of for many decades that takes the dollar exchange rate down to levels last seen in 1985. Nevertheless the mainstream press has missed one fundamental fact for the obvious reason that they just DO NOT understand the financial markets and what the market movements actually mean or translate into.