Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, August 28, 2015
Is this it for U.S. Dollar Bulls? / Currencies / US Dollar
By: Ashraf_Laidi
US dollar bulls couldn't have asked for a better scenario -- Just as the USD index (basket of 6 currencies largely weighed vs EUR) was about to test a 3-month trendline support, the currency recovers. And just as EURUSD had broken above its 200-DMA for the first time in 13 months and above its 55-WMA for the first time in 12 months in a matter of 4 days, the single currency crashes back below these key levels later in the same week. But CAD, AUD, NZD and NOK have all outperformed USD thanks to a broad bounce in energy.
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Thursday, August 27, 2015
How to Profit from China's Currency War / Currencies / Currency War
By: ...
MoneyMorning.com 
Peter Krauth writes: The People’s Bank of China uses its massive reserves to buy or sell the yuan to maintain a desired exchange rate. It’s been pegged to the U.S. dollar in some way for decades.
So, a strong dollar has often meant a strong yuan.
That hurts Chinese exports, and it’s been a sticking point in China’s ongoing negotiations to secure the yuan’s “reserve currency status” at the International Monetary Fund (IMF).
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Thursday, August 27, 2015
How China's Currency Policies Will Change the World / Currencies / China Currency Yuan
By: STRATFOR
The recent fluctuations in China's currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated as they were by vast distances and difficult terrain. It would, for instance, take months or even years for news of China to reach Europe across the great Silk Road trading route during the height of its use some 1,000 years ago. Even then, the communities along that route could hardly be considered entirely coherent.
Tuesday, August 25, 2015
Liftoff Setback Leads to U.S. Dollar Pullback / Currencies / US Dollar
By: AnyOption
The US dollar has experienced a tremendous rally over the last year as the end of quantitative easing and prospect of interest rate normalization led to upside momentum in the currency. Expectations were largely set for a September rate hike with many FOMC voting members forecasting two rate increases before the end of 2015. However, with recent inflation data and the growing emerging market turmoil, the Federal Reserve might be forced to hold off with its most well intentioned plans, sapping downside strength and building the case for a deeper technical pullback in the US dollar index.Read full article... Read full article...
Wednesday, August 19, 2015
Asia's Whirling Dervish of Devaluations Has Encircled China's Exports / Currencies / Currency War
By: Keith_Hilden
Much digital ink has been spilled to the catalyst of China's sudden thrice devaluation of the CNY, a move trumpeted to be a unilateral action by China. It makes for good headlines, but this simply is not the case: China has been responding to stealthy and not-so-stealthy devaluation of its Asian neighbors, and is responding to these actions to maintain competitiveness of its exports. Hence a whirling dervish of devaluations has started in unlikely small countries such as Malaysia and Thailand, as well as larger economies like Japan, and China has only recently taken its place in the spiraling revelry that is set to ensue. And this has effectively economically encircled China's exports-- and the balance sheets of Chinese companies show it.
Wednesday, August 19, 2015
Who Wins in a Currency Devaluation War? / Currencies / China Currency Yuan
By: BATR
The paradox in the question of who wins in a currency war presupposes that any participating combatant can actually claim victory. If winning means ending up with the most cash, when the value of the money as a store of tangible wealth is debased, it is doubtful anyone can be declared the victor. The absurdity of lowering the purchasing power of a countries currency to enable exports to be more competitive is economic sacrilege that the heretical “Free Trade” mythos is based upon. Without a reliable standard of objective comparison, floating currencies maneuver their exchange rates to disguise internal imbalances in their own political and economic expenditures.
Tuesday, August 18, 2015
UK CPI and GBPUSD vs TWI Divergence / Currencies / British Pound
By: Ashraf_Laidi
Sterling hit fresh 2-month highs as UK inflation improved in July, with headline CPI edging up to 0.1% y/y from June's 0.0%, and beating the Bank of England's 0.0%. The notable increase was in core CPI, which rose to a 5-month high of 1.2% vs expectations of 0.9% and a June reading of 0.8%.
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Monday, August 17, 2015
USDJPY At Critical Juncture / Currencies / Japanese Yen
By: Austin_Galt
Previously, I thought the high for the USDJPY was in place and a correction was now underway. It still may be. Price is now at a critical juncture and the potential exists for one last marginal false break high. Let's examine the situation using the weekly chart.
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Sunday, August 16, 2015
The World's Most Hated Major Currency Hits an 11-Year Low / Currencies / Canadian $
By: DailyWealth
Dr. Steve Sjuggerud writes: Crashing oil prices, crashing commodity prices, and a super-strong U.S. dollar – these three have been the trifecta of pain for the Canadian dollar in recent years.
All three of these together have pushed the Canadian dollar to an 11-year low.
In today's essay, I'll show you why the Canadian dollar could bottom out soon and start a solid rally...
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Saturday, August 15, 2015
The China Dollar Shot Not Heard Around the World / Currencies / US Dollar
By: Peter_Schiff
China's recent move to devalue the yuan has sent shock waves through the global financial markets and has convinced most observers that a new front in the global currency wars has begun. The move has caused many observes to envision a new round of competitive devaluations around the globe in which the race to the bottom will intensify. In this scenario they envision that the U.S. dollar will solidify its standing as the only strong currency. This misses the point entirely.
Thursday, August 13, 2015
The Fiat Yuan / Currencies / China Currency Yuan
By: Michael_J_Kosares
Seth Lipsky/The New York Sun/8-11-2015
“If the Communist Chinese devalue the yuan against a dollar that is appreciating against gold, has the yuan gone up or down? We ask because the leading story on the New York Times Web site this morning reports not only that the Chicom authorities ‘sharply devalued’ the renminbi but also that the move ‘could raise geopolitical tensions and weigh on growth elsewhere.’ We ran the Times’ entire text through the Sun’s old hand-crank Von Mises brand language-specie prose separator. It failed to find any mention of — or even allusion to — gold.”
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Thursday, August 13, 2015
U.S. Dollar/Chinese Yuan (USD/CNY) Surges Following China’s Devaluation / Currencies / China Currency Yuan
By: MarketsToday
Following China’s devaluation on Tuesday of the yuan, the U.S. dollar/Chinese yuan currency pair (USD/CNY) has surged, reaching as high as 6.4485 so far today (Wednesday). It has now reached the most overbought level on a weekly basis since 2001 (based on weekly 14-period Relative Strength Index (RSI) momentum indicator), and is extremely overbought based on the daily chart, getting close to the maximum reading of 100.
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Tuesday, August 04, 2015
EURUSD: An Ending Diagonal Triangle in Action / Currencies / Euro
By: EWI
See how beautifully recent trading in the euro followed a high-confidence Elliott wave pattern
Remember how during the time of the Greek bailout a couple of weeks ago, the euro didn't seem to "know" which way to go next? There is a reason for that, says The Wall Street Journal -- carry trade:
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Monday, August 03, 2015
Five Currencies' Positioning in One Chart / Currencies / Fiat Currency
By: Ashraf_Laidi
Combining the net speculative futures positions of all 5 major currencies against the USD, we find CHF positioning to remain the only net long against USD, ever since the SNB decision end its EURCHF peg in January. GBP positioning is the only currency to show steady improvement against USD. Currency-by-currency analysis below.
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Tuesday, July 28, 2015
China Major Devaluation Coming / Currencies / China Currency Yuan
By: John_Rubino
The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s biggest infrastructure program.
Friday, July 24, 2015
USD Index Rebounds / Currencies / US Dollar
By: Nadia_Simmons
Earlier today, the U.S. Department of Labor showed that the initial jobless claims in the week ending July 18 dropped by 26,000 to 255,000, beating analysts' expectations for a 1,000 drop. In this environment, the USD Index bounced off session's lows and came back above 97. What impact did this move have on the euro, pound and Swiss franc?
Wednesday, July 22, 2015
US Dollar Breakout / Currencies / US Dollar
By: Ed_Carlson
The previous Friday's expected cycle low was successful in starting a rally last week in which the US Dollar had its best week since May. DXY gained 1.89% to close at 97.99 above the June 1 high and printed an engulfing bullish candlestick on the weekly chart.
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Tuesday, July 21, 2015
British Pound Still Rallying Against Swiss Franc / Currencies / British Pound
By: Richard_Cox
Forex markets have posted some significant trends so far in 2015. But when we look at the overall value of the British Pound (GBP), the comparisons are generally made against either the Euro or the US Dollar. There is a strong basis for this fact, as both of these currencies see much larger trading volumes than some of the other selections that are available in the currency markets.
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Tuesday, July 21, 2015
Now that Greece is Guaranteed in the Euro, the Euro is Down / Currencies / Euro
By: Atlantic_Perspective
One of the mantras repeated to exhaustion over the last few months was “if Greece leaves the Euro, the Euro is over”. Is it? The charts say the opposite. When the prospect of Grexit reached its peak, the Euro didn´t crash. Quite the opposite, it got stronger. Now that Greece seems “secure” in the Euro, the Euro is down. Could the Grexit mantra be wrong?
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Tuesday, July 14, 2015
After the Rally, What's Next? - Video / Currencies / Euro
By: EWI
Get new forecasts for the euro from Elliott Wave International's Senior Currency Strategist
Think the recent rally in the euro was the result of "good news" from Greece? Think again.
Watch our Currency Pro Service editor, Jim Martens, explain what's really behind the moves.
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