Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Monday, May 18, 2015
Payments, Currencies, and Broken Money / Currencies / Fiat Currency
“If you want a vision of the future, imagine a boot stamping on a human face – forever.”- George Orwell
As an advocate for sound money, I am forever tormented by the egregious and overt growth of asset confiscation. The indirect tax from monetary inflation, bank bail outs and coming bail-ins, moral hazard, two tiers of justice accompanied by the gradual conditioning of the masses toward acceptance and true self denial.
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Monday, May 18, 2015
The Money Illusion: What This Picasso Tells Us About the Dollar / Currencies / US Dollar
MoneyMorning.com Michael E. Lewitt writes: With the purchase of Picasso's Les Femmes d'Alger dans leur appartement (Version O) for $179 million, the world was served up another piece of evidence that money has lost all value.
Some will argue that such a price is justified for such a one-of-a-kind object, but what is really going on is not that the value of art is increasing but that the value of the paper currencies being used to buy it is being destroyed by central banks who print trillions of dollars of money around the clock.
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Saturday, May 16, 2015
Bitcoin Price to Slump? / Currencies / Bitcoin
In short: no speculative positions.
A new fund is being launched in the Bitcoin space, we read on CoinDesk:
A new fund has been launched on equity CrowdFunding platform BnkToTheFuture.com that allows investors to benefit from the growth of the Crypto Currency sector.
Read full article... Read full article...The new fund, called Bitcoin Capital will be managed by financial journalist, virtual currency inventor, entrepreneur and investor Max Keiser, and Simon Dixon, an ex-investment banker, investor, entrepreneur and co-founder of Bnk To The Future.
Friday, May 15, 2015
EUR/USD 1.15 Remains Key Level / Currencies / Euro
For most of this year, the Euro currency has been one of the weakest assets in any of the financial markets. This is significant for a number of reasons because there have been very few assets (of any type) experiencing more weakness across the same number of denominative measures. Against the British Pound, the Euro has quickly weakened to the 1.40 mark but there has been even more pronounced weakness against the US Dollar.
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Thursday, May 14, 2015
British Pound Set To Overcome 1.40 Against Euro / Currencies / British Pound
For most of this year, the Pound has had mixed results depending on your frame of reference. For example, against the US Dollar the Pound is hitting new lows as expectations for rising interest rates from the US Federal Reserve have supported the greenback. For these reasons, it is largely unsurprising to see that the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) is rallying as there have not been many stronger currencies during most periods of this year.
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Wednesday, May 13, 2015
EUR/USD Meets Resistance Zone As Greece Meets IMF Loan Repayment Deadline / Currencies / Forex Trading
Earlier today, Greece repaid a €770 million loan installment to the International Monetary Fund, easing worries that the country was on the verge of default, which in combination with a renewed selloff in European government bond pushed EUR/USD sharply higher. In this way, the exchange rate reached its important resistance zone, but will we see further improvement?
In our opinion, the following forex trading positions are justified - summary:
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Wednesday, May 13, 2015
Bitcoin Price Short-term Outlook Soon to be Clarified / Currencies / Bitcoin
In short: no speculative positions.
The technology underlying Bitcoin might prove to be what is needed to change the face of payments, record keeping and the way stock market is functioning, we read on Wired:
Read full article... Read full article...James Angel compares bitcoin to MySpace, the social network that paved the way for far more influential services like Facebook and Twitter.
Today's bitcoin digital currency, says Angel, a professor of finance at Georgetown University, is too flawed to replace existing currencies. But the basic ideas underpinning the technology, he believes, can significantly change how the financial world operates. This is already starting to happen.
Monday, May 11, 2015
Debt Scenarios Still Weighing on Euro / Currencies / Euro
When we hear the words “sovereign debt crisis” it might seem as though we are reading financial news headlines from several years ago. But when we look at the underlying fundamental activity in the Eurozone, it quickly starts to become clear that this is simply not the case. If we look at the region as a whole, there are some significant discrepancies that are negatively impacting some regions more than others. This can have a catastrophic on a regional economic that is trying to use the same monetary system, so it should still be clear at this stage that the region’s debt issues are far from over.
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Friday, May 08, 2015
Is Bitcoin Price in Bullish Territory? / Currencies / Bitcoin
In short: no speculative positions.
The first Bitcoin has become the first U.S. entity to be regulated by banking laws, we read on CNBC:
A New York City-based bitcoin exchange itBit has become the first to receive a charter under New York banking laws. (…)
ItBit is a commercial exchange that trades the virtual currency. Thursday's announcement makes it the first company to receive a charter from the New York State Department of Financial Services (NYDFS).
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Friday, May 08, 2015
U.S. Dollar Danger Zone / Currencies / US Dollar
The US dollar has been the world’s reserve currency since Bretton Woods – about 70 years. The power and importance of Middle-East oil and the US economy and military have supported the dollar for about 40 years. Quick story:
- The world buys oil in dollars. (Thank you Saudi Arabia and Kissinger.)
- Therefore the world must purchase (support) dollars to obtain oil.
- The US supports the oil producing nations with military might.
- The oil producing nations collect dollars in exchange for oil and recycle those petrodollars back into US T-bonds and equities thereby supporting the dollar and the US stock and bond markets.
Friday, May 08, 2015
EURAUD Technical Outlook / Currencies / Euro
The EURAUD currency pair hasn’t been covered for a while instead preferring to let it go about its corrective business. Let’s now revisit it and see if we can get a grip on a potential price path going forward using the weekly and monthly charts.Read full article... Read full article...
Wednesday, May 06, 2015
What's Next for The U.S. Dollar and Currencies? / Currencies / US Dollar
In anticipation of higher U.S. rates and lower rates elsewhere, the greenback had enjoyed a dramatic rally. Has the tide turned, or is the dollar merely taking a breather? We believe there are threats and opportunities hidden underneath recent market action. Below is a closer look in an effort to allow investors to better understand the dynamics that might be unfolding.
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Tuesday, May 05, 2015
Bitcoin Stage for Price Declines Is Being Set / Currencies / Bitcoin
In short: no speculative positions.
We’ve repeatedly written that Bitcoin needs two things to hit off with a wider audience: security and ease of use. Case, a Bitcoin startup, is aiming to bring both of them, we read on TechCrunch:
You shouldn’t trust anyone with your bitcoins, and Case is well aware of that. Over the past few years, Mt.Gox, Bitstamp and countless other centralized services have suffered serious security breaches. But Case is about to put an end to all this, as this startup has built one of the most secure hardware bitcoin wallets in the world. The startup is launching onstage today at Disrupt NY.
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Tuesday, May 05, 2015
Japanese Yen and U.S. Dollar / Currencies / Japanese Yen
A different way to look at familiar forex markets
Elliott Wave International's Alexandra Lienhard recently sat down with the editor of our Currency Pro Service, Jim Martens.
Learn what Jim sees next for such popular forex markets as Japanese yen (USDJPY) as well as the U.S. dollar.
Tuesday, April 28, 2015
Bitcoin Price Counterintuitive Signs / Currencies / Bitcoin
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Overstock, a U.S. online retailer already accepting Bitcoin, is now making a move to issue stock based on a ledger system, we read on the Wired website:
Read full article... Read full article...On Friday, the Salt Lake City-based online retailer filed a prospectus with the Securities and Exchange Commission that indicates it may issue up to $500 million in stock or other securities using technology akin to the online software system that underpins bitcoin. "We may decide to offer securities as digital securities...the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies," the filing reads.
Saturday, April 25, 2015
Bitcoin Price Provides Traders with Hints / Currencies / Bitcoin
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Customers of Starbucks in Hong Kong are now able to pay for their coffee with Bitcoin, we read on newsBTC:
Read full article... Read full article...Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U.S. startup that is affiliated with the Bitcoin Association of Hong Kong.
Friday, April 24, 2015
What Will Happen to You When the U.S. Dollar Collapses? / Currencies / US Dollar
Jeff Thomas writes: Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it.
The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. No government has ever been able to control hyperinflation. If it occurs, it does so quickly and always ends with a crash.
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Friday, April 24, 2015
Why 2 of U.S. Dollar's Recent Bottoms Have 1 Thing In Common / Currencies / US Dollar
In 2009 and 2014, a simple chart pattern enabled us to turn bullish the dollar, just in time for HUGE rallies. Learn to use this pattern now.
Imagine you're on an airplane, mid-air, when the intercom from the cockpit accidentally turns on. You and the entire cabin crew overhear the pilot say this to his copilot:
"I know we're heading northeast at 430 mph. But... I have no idea when or where I'm supposed to land."
That's when you cough up your bag of peanuts!
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Tuesday, April 21, 2015
Bitcoin Recent Low Price Volatility Might Be Deceptive / Currencies / Bitcoin
In short: speculative short positions, stop-loss at $239, take-profit at $153.
We frequently comment on new initiatives in the startup scene, and today we also read and interesting press release on the Market Watch website:
BitGo, the leader in bitcoin security, today announced a partnership with online cryptocurrency data provider TradeBlock. The combination of TradeBlock’s execution and analysis tools and BitGo’s trustless multi-signature security products create a complete security and transaction solution for private and institutional Bitcoin traders.
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Friday, April 17, 2015
The Over-Valued U.S. Dollar / Currencies / US Dollar
There are two connected reasons usually cited for the current dollar strength: the US economy is performing better than all the others, leading towards relatively higher US dollar interest rates, and that this is triggering a scramble for dollars by foreign corporations with uncovered USD liabilities. There is growing evidence that the first of these reasons is no longer true, in which case the pressure to buy dollars should lessen considerably.
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