Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, November 14, 2014
Plunging EUR & JPY Could Trigger Regional Currency Wars / Currencies / Currency War
By: MahiFX
The good news about a soaring USD is that it eases global trade tensions as it is the world's main currency. But systematic devaluations of EUR and JPY are another matter and will force neighbouring countries to respond by pushing down the value of their currencies.
Japan and the Eurozone have become like black holes in the global economy desperate to suck in growth from where ever they can find it. Both struggle to grow domestically, suffer deflationary pressures and also want to tap into the greater economic vitality of their neighbours via exports.
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Friday, November 14, 2014
The Return of the U.S. Dollar / Currencies / US Dollar
By: John_Mauldin
Two years ago, my friend Mohamed El-Erian and I were on the stage at my Strategic Investment Conference. Naturally we were discussing currencies in the global economy, and I asked him about currency wars. He smiled and said to me, “John, we don’t talk about currency wars in polite circles. More like currency disagreements” (or some word to that effect).
Friday, November 14, 2014
Currency Wars Next Phase - Yen Plunge, Yuan Devaluation, Tidal Wave of Deflation / Currencies / Currency War
By: Mike_Shedlock
The Yen currently trades about 115 to the US dollar. At the end of 2011 the Yen was about 77 to the dollar. That is a decline of roughly 33%.
Yet, Japan's inflation barely budged. Japan's prime minister Shinzo Abe is not pleased.
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Wednesday, November 12, 2014
British Pound Breaks Channel Support Following BOE Inflation Report / Currencies / British Pound
By: Gregor_Horvat
USD is mixed across the board but we see in a strong shape against the pound after BoE forecasts that the inflation rate will fall below 1% within 6 months, and rise toward the 2% target by the end of the 3-year forecast period. The bank also cut the GDP forecast by 0.2% for both 2015 and 2016 (to 2.9% and 2.6%, respectively), and cited a weaker Europe, which was the reason for weaker GBPUSD as well as lower prices on FTSE100.
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Wednesday, November 12, 2014
Russia's Central Bank Sets Ruble Free / Currencies / Russia
By: Pravda
The Central Bank of the Russian Federation canceled the corridor of the currency basket, as well as regular interventions at the boundaries of the corridor and beyond them, an official statement from the Bank said, TASS reports.
"The Bank of Russia, from November 10, 2014, abolished the acting mechanism of exchange rate policy, reversing the interval of admissible values of the bi-currency basket (operating range) and regular interventions at the boundaries of this range and beyond," the statement said.
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Monday, November 10, 2014
EUR/USD, GBP/USD, USD/JPY, AUD/JPY... Forex Forecasts Last Chance / Currencies / Forex Trading
By: EWI
This is your last chance to access free forex forecasts week.
During FreeWeek, you get unrestricted, 24/7 access to intraday, daily, weekly and monthly forecasts -- including charts and videos -- for these FX markets:
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Monday, November 10, 2014
Fiat Wealth Illusion - We Don't Need Your Stinking Principles / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
“Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth. Our feeling is that confidence, especially when it is unjustified, is quite a thin veneer. When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors.” - Paul SingerI noticed the following financial cartoon was making its rounds over the weekend. Particularly this section. In case you can't see the image, the quote that stood out was this one:
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Saturday, November 08, 2014
When Deflation Comes Knocking at the Door / Currencies / Deflation
By: Alasdair_Macleod
There is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies. Understanding what this risk actually is, as opposed to what the talking heads say it is, will be central to financial survival, particularly for those with an interest in precious metals.
The economic establishment associates deflation, or falling prices, with lack of demand. From this it follows that if it is allowed to continue, deflation will lead to business failures and ultimately bank insolvencies due to contraction of bank credit. Therefore, the reasoning goes, demand and consumer confidence must be stimulated to ensure this doesn't happen.
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Friday, November 07, 2014
Bitcoin Price Volatility / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $377, take-profit at $307.
Mark Wetjen, a member of the Commodity Futures Trading Commission (CFTC), wrote an opinion piece for The Wall Street Journal in which he highlighted the potential of Bitcoin:
Read full article... Read full article...With a market capitalization of around $4.4 billion, Bitcoin represents a tiny fraction of the U.S. financial system. But as Jerry Brito, director of the think tank Coin Center, said at our public meeting, Bitcoin has the potential to provide tremendous benefits to the under-banked and un-banked, particularly in emerging markets where traditional financial services often are not available. Bitcoin is likely to be an especially powerful resource for people who rely on mobile-payment systems on their smartphones.
Thursday, November 06, 2014
Forex vs. Stocks: What's "better" to Trade? / Currencies / Forex Trading
By: EWI
As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI's currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks.
Wednesday, November 05, 2014
Ron Paul Says: Watch the Petrodollar / Currencies / US Dollar
By: Casey_Research
By Nick Giambruno, Senior Editor, InternationalMan.com
The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.—Ron Paul
Dr. Paul is referring to the petrodollar system, one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.
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Wednesday, November 05, 2014
AUD/USD - Double Bottom / Currencies / Austrailia
By: Nadia_Simmons
Earlier today, official data showed that retail sales in Australia increased by 1.2% in September, beating expectations for a 0.4% rise. As a result, AUD/USD bounced off a one-month low and came back above the short-term support. Will we see a post-double bottom rally?
In our opinion, the following forex trading positions are justified - summary:
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Tuesday, November 04, 2014
Bitcoin Price Move to $300 Might Be Closer Than It Appears / Currencies / Bitcoin
By: Mike_McAra
Briefly: speculative short positions, stop-loss at $377, take-profit at $307.
The British government is looking to have a discussion with the Bitcoin community on how to deal with the cryptocurrency, we read on the Guardian website:
Read full article... Read full article...The Treasury will be looking at examples of regulation in other countries, but emphasises that the lead will come from responses to its own call for information. "Digital currencies and digital currency exchanges are currently unregulated in the UK," said a Treasury spokesman.
Monday, November 03, 2014
Forex Markets Chart Analysis for USD, GBP, JPY, CDW, XAD... / Currencies / Forex Trading
By: Gary_Tanashian
In light of the news from the land of the rising sun and the sinking currency, let's reserve NFTRH 315's only real charting for a big picture monthly view of currencies, to which we usually give just a brief update, and then some misc. big picture monthly charts [not included in this excerpt] as we try to gain perspective on things that may seem illogical to our rational minds.
Friday, October 31, 2014
More Weakness in Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
To the point: speculative short positions, stop-loss at $377, take-profit at $307.
Jon Matonis, the executive director of the Bitcoin Foundation has resigned, we read on the NY Times website:
The Bitcoin Foundation announced on Thursday that Jon Matonis, one of the foundation's founding board members, was stepping down as its executive director, effective on Friday. Mr. Matonis will remain on the foundation's board until Dec. 31.
Read full article... Read full article...Mr. Matonis, who was named executive director in July 2013, will be succeeded by Patrick Murck, the foundation's general counsel.
Friday, October 31, 2014
EUR/USD - Double Bottom Or New Lows? / Currencies / Euro
By: Nadia_Simmons
Yesterday, the U.S. dollar strengthened against other major currency pairs after the Fed said it would end its monthly bond-buying program but keep rates near zero for "considerable time". As a result, EUR/USD declined below the medium-term resistance zone, which triggered a sharp decline to sligthly above the recent lows. Will they withstand the selling pressure and we'll see a double bottom in the coming days?
Friday, October 31, 2014
The End Of An Era: Is The US Petrodollar Under Threat? / Currencies / US Dollar
By: OilPrice_Com
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.
The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China's need to secure long-term energy supplies. However, a consequence of closer economic ties between Russia and China could also mean the beginning of the end of dominance for the U.S. dollar, and that could have a profound impact on energy markets.
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Wednesday, October 29, 2014
Bitcoin Price Narrow Range, Might Not Be for Long / Currencies / Bitcoin
By: Mike_McAra
To the point: no speculative positions.
Bitcoin companies are already working on various issues regarding regulatory compliance. Arthur Levitt, a former SEC chairman, is now advising two Bitcoin-related companies, we read on the Wall Street Journal Website:
Read full article... Read full article...Arthur Levitt, the longest-serving chairman of the Securities and Exchange Commission, is joining the advisory boards of two bitcoin-focused companies.
Saturday, October 25, 2014
Bitcoin Price Decline Stopped, Possibly Temporarily / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
CeX, a British second hand goods chain, is starting to accept Bitcoin, we read on CoinDesk:
Read full article... Read full article...Technology exchange and retailer CeX is set to become the first high street retailer in the United Kingdom to integrate bitcoin payments nationwide.
CeX will roll out bitcoin payments at 30 of its 266 UK stores beginning today. More stores will join the initial group in coming weeks as staff are trained, the firm told CoinDesk.
Wednesday, October 22, 2014
Bitcoin Stock Exchange Could Be "More Valuable than Alibaba" / Currencies / Bitcoin
By: Money_Morning
David Zeiler writes: When Overstock.com Inc. (Nasdaq: OSTK) Chief Executive Officer Patrick Byrne launched a wiki page to explore the possibility of a Bitcoin stock exchange, it was hard to imagine the project getting past the idea stage.
But Patrick Byrne is a man on a mission.
Driven by a deep mistrust of Wall Street, Byrne has announced the creation of a division within his company charged with making this dream a reality.
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