Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, February 25, 2014
Stay Ahead of This (Massive) Currency Shift / Currencies / Fiat Currency
By: Money_Morning
Peter Krauth writes: China's political and economic presence surges daily. Lockstep with that surge is the growing significance of its currency.
Along with China's emergence as the world's second-largest economy, its yuan recently displaced the euro and became the second-most used currency for international trade.
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Friday, February 21, 2014
All Currencies Are an Inverse Pyramid Based on The Dollar / Currencies / Fiat Currency
By: Alasdair_Macleod
When US money supply measured by M2 stood at $11 trillion in December 2013, I calculate that total broad money of the next largest 50 countries ranked by GDP amounted to the equivalent of a further US$67 trillion at current exchange rates. And that's only on-balance sheet: we must add in global shadow banking, estimated by the Financial Stability Board to have been an extra $67 trillion in 2011, probably about $75 trillion today, given its recent rapid growth in China. So when we look at US broad money supply, we should be aware there is a further mountain of money thirteen times as big ultimately based on the dollar.
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Friday, February 21, 2014
Currency Wars the Great Destabilizer / Currencies / Fiat Currency
By: Steve_H_Hanke
Dr. Karl Schiller, West Germany’s Economics Minister between 1966 and 1972, pithily pronounced that: “Stability is not everything, but without stability, everything is nothing.” I agree. In the economic sphere, instability is usually a “bad”, not a “good”.
The world’s great destabilizer is the United States. How could this be? In the post-World War II era, the world has been on a U.S. dollar standard. Accordingly, the U.S. Federal Reserve is the de facto central banker for the world.
Friday, February 21, 2014
How China Fooled the World with Fiat / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
The Chinese financial system, along with the rest of the emerging market, exist as an extension of "the world is flat monetary policy" on a scale never seen before. It is equally a giant leverage play on the last remaining resources for a population that has overproduced its stay.
The financial blog Zerohedge.com recently presented a summary of a BBC program featuring a report from Robert Peston, who traveled to China to investigate how the mighty economic giant could actually be in serious trouble.
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Friday, February 21, 2014
Friedman and Hanke on Bitcoin / Currencies / Bitcoin
By: Steve_H_Hanke
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
Well ahead of Satoshi Nakamoto, Nobelist Milton Friedman, champion of free market economics and noted expert on money and banking, anticipated the coming of digital currencies, and foresaw the potential impacts that they would have on finance and economics.
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Thursday, February 20, 2014
Return of Goldilocks Economy Means a Weaker USD, but Beware the 3 Bears / Currencies / US Dollar
By: MahiFX
Central banks are shifting their policies in response to signs that economies are returning to growth. In many ways it looks like a comforting return to the 'old normal' when a broad range of indicators influenced currencies. If so that suggests USD weakness, but beware the three bears.
Tuesday, February 18, 2014
U.S. Dollar, Major Forex Market Forecasts for 2014 and 2015 / Currencies / US Dollar
By: David_Petch
It has been awhile since I have posted on the web and thought this was an appropriate article to share. This article focuses on technical analysis of 3 currencies and the US Dollar Index. A lot of the technical indicators I follow are universal, but the way in which they are modified and put together will not be found anywhere else. Developing the Contracting Fibonacci Spiral and the inverse chiral inversion that happened last summer have played a role in the forecast of this article. As unbelievable as the forecast may seem by time the end of this article, there is a significant amount of logic that went into this and may even defy logic. There is a mathematical basis to this pattern and hopefully it will be understood somewhat by the end of this article...
Monday, February 17, 2014
U.S. Dollar Remains Mixed / Currencies / US Dollar
By: Nadia_Simmons
The U.S. currency was little changed near recent lows against major currencies as U.S. markets are shut for the President’s Day holiday and trade volumes remain thin. Nevertheless, it’s worth noting that the greenback declined to a four-year low against the British pound earlier today. What is the current outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.
Monday, February 17, 2014
AUDUSD Forecast - Resistance Around 0.9080 - 0.9170 / Currencies / US Dollar
By: Gregor_Horvat
AUDUSD has found a support in the past two weeks and rallied more than 300 pips from 0.8650 which can be wave C as part of a flat correction in wave B). The reason is a three wave decline from above 0.9080 that we think it's corrective wave B as a part of a bigger complex correction. If we are on the right track then pair will rise up to 0.9080 - 0.9170 resistance zone in the next few trading days where a completion of a contra-trend pattern may occur.
Sunday, February 16, 2014
Bitcoin Craptocurrency Ponzi Crash Grinds Towards ZERO, Where's Max Keiser Hiding? / Currencies / Bitcoin
By: Nadeem_Walayat
Bitcoin Craptocurrency has plunged to USD $230, down 81.6% from its USD $1250 high - Unfortunately for bitcoin holders the ponzi scam crash continues to play out as holders of bitcoins find out that as is the case with all scams that when they want to sell their holdings they CAN'T. Instead they are locked into holdings that continue collapse in value all the way towards a pittance of the price that hooked them into buying of just a few months ago.
Saturday, February 15, 2014
Fiat Money - A House Built On Sand / Currencies / Fiat Currency
By: Richard_Mills
Warning, I'm not a licensed financial planner, a broker, an analyst, a geologist nor an economist. And I'm also not, as you so often tell me in your e-mails regarding my articles, an English professor. I'm also not a doom and gloomer nor am I a gold bug.
I'm just an investor who believes precious metals are the only financial safety net worth owning and need to be the cornerstone of any generational wealth building program.
Everyone should own gold and silver bullion in the form of coins and bars.
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Saturday, February 15, 2014
Bitcoin Panic - Bloodbath on Mt. Gox / Currencies / Bitcoin
By: Mike_McAra
Very briefly: it is our opinion than not having any short-term positions is the way to go.
Panic. This one word sticks in the back of everybody’s mind when assessing what’s been going on in the Bitcoin market for the past couple of days. It might be hard to get one’s head around the fact that the currency was at $900 on Feb. 5, only to almost reach $300 today. The sell-off continues, today coinciding with news of another hacker attack.
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Friday, February 14, 2014
British Pound GBP Trend Forecast 2014 / Currencies / British Pound
By: Nadeem_Walayat
This is a summary extract of my latest in-depth analysis concerning the Scottish Independence referendum and its implications for the UK economy, and concluding in a trend forecast for the British Pound GBP into the end of 2014.
Thursday, February 13, 2014
Myths and Lessons of the Argentine “Currency Crisis” / Currencies / Fiat Currency
By: Joseph_T_Salerno
The crash of the Argentine peso last month brings to a close yet another foredoomed experiment in South American left-wing populism. The precipitous “devaluation” of the peso by 15 percent against the U.S. dollar in January represents its steepest decline since the devaluation of 2001 when Argentina defaulted on its foreign debt. From January 21 to the close of trading on January 23 the peso dropped from 6.88 per dollar to 8.00 on the official market. On the black market the peso fell by 6 percent on January 23 to 13 to the dollar. Over the past year the peso has declined by 35 percent.
Thursday, February 13, 2014
EUR/JPY Bounces From 138.00/50 / Currencies / Euro
By: Gregor_Horvat
Yen crosses are rallying nicely for the last few days since the S&P500 has turned up last week. We can see very tight correlation between these two markets where structures on both suggests more upside. For FX traders, EURJPY will definitely be interesting for longs as pair rallied in five waves from the lows. However, patient traders will wait on pullbacks before they may look to get involved on the bullish side. Ideal scenario would be a three wave set-back to 138.10-138.90 area before market turns up for wave C.
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Thursday, February 13, 2014
USDCAD Targets New High Above 1.0700 / Currencies / Canadian $
By: Gregor_Horvat
USDCAD turned south two weeks back from above 1.1200 resistance region where we called end of a wave 3 that is part of an impulsive price action from 1.0170. We know that impulses are five wave pattern, and if we consider that larger trend on this pair is up, then we may suspect that retracement from the highs is probably just another correction within ongoing uptrend. With that said, we labeled a pullback as wave 4 that may send prices up in wave 5 in the next week or two. We expect new high as long as pair trades above 1.0700 invalidation level.
Wednesday, February 12, 2014
British Pound GBP Soars to Resistance, Bearish Turn Ahead? / Currencies / British Pound
By: EWI
Cable remains near its high and shows no sign of turning lower. Resistance is 1.6624 and the bearish view demands a turn lower from beneath this level. With no signs a turn is underway confidence is low. -- Jim
Wednesday, February 12, 2014
Bitcoin Trading Alert: Bitcoin Exchanges Under Attack / Currencies / Bitcoin
By: Mike_McAra
If you don’t have time: we still don’t support having any short-term positions.
The news of the day is probably the denial of service attack carried out on major Bitcoin exchanges. Bitstamp, a Slovenian exchange, and BTC-e, a Bulgarian one, have both announced they would experience the same kind of problems that earlier hit Mt. Gox.
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Wednesday, February 12, 2014
USD/JPY: Temporary Recovery / Currencies / Japanese Yen
By: Gregor_Horvat
USD/JPY found a support at the end of last week around 100.74 from where pair recovered for around 200 pips so we suspect that pair completed first five wave decline from 105.34 labeled as leading diagonal. As such, we believe that pair is in bearish mode, but before downtrend may resume we expect a three wave pullback, ideally up to 103.30/60 resistance area. We see pair now moving sideways in irregular wave (b) that may test 101.40/60 zone and then send price up in wave (c).
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Wednesday, February 12, 2014
U.S. Dollar Forex Trading Alert - Remains Mixed Against Major Currencies / Currencies / Forex Trading
By: Nadia_Simmons
The U.S. dollar remains mixed against major currencies after Federal Reserve Chair Janet Yellen signaled that recent soft economic data haven't swayed the central bank from a strategy of trimming its monthly bond purchases by $10 billion at each of its policy meetings this year. What impact did this event have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.