Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, October 21, 2014
Bitcoin Price Goes Up and Down / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Coinbase’s co-founder Brian Armstrong has highlighted the difficulties in convincing the banks to work with Bitcoin businesses in a conversation with the Telegraph, we read on the paper’s website:
Originally launched in the US, it [Coinbase] recently announced that it had secured banking and regulatory approval to launch in Europe, opening its services up to 18 new markets. But the UK was not among them.
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Tuesday, October 21, 2014
Goodbye War On Drugs, Hello Libertarian Utopia. Bitcoin The Future of Money? / Currencies / Bitcoin
By: John_Rubino
Now that bitcoin has subsided from speculative bubble to functioning currency (see the price chart below), it’s safe for non-speculators to explore the whole “cryptocurrency” thing. So…is bitcoin or one of its growing list of competitors a useful addition to the average person’s array of bank accounts and credit cards — or is it a replacement for most of those things? And how does one make this transition?
Saturday, October 18, 2014
Crude Oil Price Blues (Read: Dangers) for Some / Currencies / Crude Oil
By: Steve_H_Hanke
As the price of crude oil continues its downward tumble towards $80 per barrel, I am reminded of a similar scenario from near the end of the Cold War in the 1980s. When Saudi Arabia announced in 1985 that protecting oil prices was no longer its main priority, oil production surged and prices fell off a cliff, briefly plunging below $10 per barrel, as I had correctly predicted.
Lower prices delivered a fatal blow to the Soviet economy, which ended up seeing $20 billion per year in oil revenues evaporate. The resulting fiscal shortfalls proved to be a dagger in the heart of the U.S.S.R.
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Saturday, October 18, 2014
Bitcoin Price Fall to $350? / Currencies / Bitcoin
By: Mike_McAra
Briefly: no speculative positions.
Marc Andreessen, founder of Netscape and, currently, founder and partner at Andreessen Horowitz, a venture capital firm invested in Bitcoin startups, expressed his views on Bitcoin and Apple Pay, we read on CoinDesk:
Read full article... Read full article...Apple Pay is the next big thing that's "freaking out" financial services companies right now, but, in the long term, bitcoin will prove to be the real innovation, Marc Andreessen has said.
Wednesday, October 15, 2014
We Can Police the Dark Web / Bitcoin / Currencies / Bitcoin
By: Bloomberg
Ben Lawsky, Superintendent of the New York State Department of Financial Services, spoke with Bloomberg TV's Trish Regan today on the future of Bitcoin and virtual currencies on the internet and the ability of law enforcement to police their use as they become more anonymous.
When asked whether the dark web can really be policed, Lawsky said: "Yeah, I think so...I think prosecutors will eventually bring the hammer down if these sites are being abused and people are dealing in illicit drugs, just like they would do if it was happening in the real world, not the virtual world."
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Tuesday, October 14, 2014
U.S. Dollar Sea Change / Currencies / US Dollar
By: John_Mauldin
You don’t need a weatherman
To know which way the wind blows.
– Bob Dylan, “Subterranean Homesick Blues,” 1965
Full fathom five thy father lies.
Of his bones are coral made.
Those are pearls that were his eyes.
Nothing of him that doth fade,
But doth suffer a sea-change
Into something rich and strange.
– William Shakespeare, The Tempest
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Sunday, October 12, 2014
Mr Osborne’s Bew Pound Design Challenge / Currencies / British Pound
By: Submissions
Tom Naysburn writes: I was excited to read about Mr Osborne’s new design competition, so I decided to submit my suggestion. I am conservative by nature, I dislike waste and excess, and see untapped potential everywhere, but I don’t expect that to sway his decision.
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Friday, October 10, 2014
Bitcoin Price Bumpy Ride / Currencies / Bitcoin
By: Mike_McAra
The U.S. Commodity Futures Trading Commission (CFTC) is playing-catch up with Bitcoin. The CFTC held a meeting in Washington yesterday, to learn more about the cryptocurrency, we read on CoinDesk:
Panelists for the CFTC event included Coin Center executive director Jerry Brito; New York Law School professor Houman Shadab; BitPay chief compliance officer Tim Byun; and TeraExchange president and co-founder Leonard Nuara.
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Friday, October 10, 2014
US Dollar Super Overbought / Currencies / US Dollar
By: Zeal_LLC
The US dollar has relentlessly blasted higher in recent months, achieving its longest consecutive-week rally in history. Speculators have flooded into the world’s reserve currency for a variety of reasons, ranging from Federal Reserve rate-hike hopes to festering Eurozone worries. But the resulting massive dollar surge has left it super-overbought while breeding universal bullishness, the precursors to a sharp selloff.
While only a small fraction of traders speculate in currencies, the foreign-exchange market is the largest in the world by far. Trillions of dollars change hands in currency trades every day, dwarfing all the other markets! And currency prices, particularly the fortunes of the dominant US dollar, can greatly affect everything else in the financial-market and economic realms. No one can afford to ignore the US dollar.
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Tuesday, October 07, 2014
Bitcoin Price Short-term Bottom Not Far Away? / Currencies / Bitcoin
By: Mike_McAra
In not too many words: no speculative positions.
"Buy when there's blood in the streets," or so the saying goes. And we're starting to catch first whiffs of "blood," if not streaks of it in the media coverage. There's been a marked increase in articles that focus on "Bitcoin going under $300" or ones exploring the idea that it might be all over for the currency. We read on Quartz:
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Tuesday, October 07, 2014
Bitcoin Price Swoon Illustrates Volatile, Illiquid Nature of Trading Market / Currencies / Bitcoin
By: Submissions
Steven Lord writes: The recent drop in the price of bitcoin has remindedkeepcalm many industry participants, particularly those that arrived within the last year, of the inherent volatility associated with new, immature and illiquid markets. While a clutch of bitcoin skeptics, including such luminaries as economist Paul Krugman, have touted bitcoin’s drop from the $600 range on August 1st to intra-day lows near $280 on October 6th as proof of some sort of inherent flaw, the truth is that such volatility is neither new for bitcoin nor terribly germane to its continued adoption.
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Tuesday, October 07, 2014
US Dollar is Extreme / Currencies / US Dollar
By: Gary_Tanashian
Using Tom McCellan’s article discussing a “blow off” move in the US dollar and its very bearish net short position by commercial traders as a starting point, I would like to talk about the USD and gold and how they each fit in to the global macro backdrop. We could add silver into the mix as well because its failure in relation to gold (ref. the gold-silver ratio’s breakout last week) is the other horseman (joining Uncle Buck) that would indicate a changing macro. Here’s the McClellan piece:
Monday, October 06, 2014
U.S. Dollar's Ride is About to End / Currencies / US Dollar
By: Michael_Pento
Under the stewardship of Shinzo Abe, the nation of Japan has become a global leader in debt, currency devaluation and inflation. Unfortunately for the Japanese, Abenomics is also leading Japan into a hyperinflationary depression, as the first of his three arrows has shot right through the yen and put a gaping hole in the wallets of every Japanese citizen.
Monday, October 06, 2014
GBP Still Trading Under Pressure: Can This Continue? / Currencies / Forex Trading
By: Richard_Cox
Dollar strength continues to dominate, so if there is any way to characterize the overall behavior in forex markets for the final portion of the summer, it would be done using the pronounced bullish moves that have been see against the Euro and Pound. Most of this positive activity in the greenback has been supported by risk aversion and geopolitical tensions (which were present in several major economic regions around the world). This sent the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) to new highs, and this strength came at the expense of both the Euro and British Pound (GBP), which are both trading at some of their lowest levels of the year.
Monday, October 06, 2014
GBPUSD and EURAUD Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
No change on GBPUSD; the pair is still showing a very interesting and clear bearish pattern that is pointing lower, into wave v) of (iii). On the upside price meets resistance at 1.6000 and 1.6030/50.
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Monday, October 06, 2014
Cerulean Dollars - Go Deep or Go Home / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
“We have deep depth.”-Yoga BerraThe dollar institution is much larger than the Fed, the Treasury or the entire basket of FOREX that derives relative values of backless currencies.
Market action makes market commentary. Few question price discovery -- instead they spend precious time trying to make the fundamentals fit the price. A backwards endeavour. We need to go deeper.
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Monday, October 06, 2014
Bitcoin Ebola GFC ISIS: Phase Two is Begun / Currencies / Bitcoin
By: Mark_Blair
The cryptographic-currency phenomenon is characterised by a binary that is little mentioned beyond the crypto-sphere. The binary is 'libertarian-commercial.'Thesis:
if, as seems increasingly likely, the world economy becomes significantly destabilised, the balance between libertarian and commercial crypto-use will shift significantly towards the libertarian.
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Monday, October 06, 2014
The Soaring U.S. Dollar Debate: Good, Bad, Ugly / Currencies / US Dollar
By: John_Rubino
The dollar is on a tear. And the world is scrambling to figure out what it means.
Friday, October 03, 2014
The Velocity of Money Myth… / Currencies / Money Supply
By: Alasdair_Macleod
If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity of circulation of money. Compare the following statements:
“The collapse in velocity is testament to the substantial misallocation of capital brought about by the easy money regimes of the past 20 years.” Broker’s research note issued September 2014; and
Wednesday, October 01, 2014
It’s Déjà Vu All Over Again as the Russian Ruble Crashes / Currencies / Russia
By: Money_Morning
Dr. Kent Moors writes: Battered by sanctions, the Russian ruble has fallen to historic lows against the U.S. dollar.
The last time the ruble slid this far was in the late 1990′s when I was still writing for an inside market publication called Russia Crisis Watch during theRussian financial crisis.
Three times a week Crisis would document the “real” condition of the Russian economy, while providing market intelligence from a network inside and outside the country.
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