Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, August 19, 2013
Euro Advance Since April Low Looking Corrective, Be Aware Of New Sell-off / Currencies / Euro
By: Gregor_Horvat
EURUSD reversed higher few weeks back from around 1.2750 level, but recovery since early April still has a corrective look. With that said, we think that move is complex correction, probably a flat and that larger trend will continue lower, especially if we consider a five wave decline from 1.3700 and the start of the year. If we are correct then current bullish leg should stop somewhere around current 1.3400 -1.3450 resistance area.
Friday, August 16, 2013
British Pound GBPUSD Three Wave Rally Suggests A Bearish Reversal / Currencies / British Pound
By: Gregor_Horvat
GBPUSD is moving higher, but rally from July low is still in three legs with wave C) now near completion as price is approaching upper trend line of a corrective channel as well as equality level compared to wave A). We can also count five waves up from 1.5100 wave B) low, so sooner or later reversal will follow, ideally from 1.5700.
Thursday, August 15, 2013
USDCAD Elliott Wave Analysis - Short-term Pointing Towards 1.0120-1.0150 / Currencies / Forex Trading
By: Gregor_Horvat
USDCAD reversed sharply to the downside at the end of the last week, clearly in impulsive fashion, so structure is now pointing for weaker USDCAD if we consider that rally from 1.0243 was made in three legs, called a correction. We are talking about wave B that has a high in place at 1.0442 from where we expect an impulsive extension down in wave C, back to 1.0243 and possibly even to 1.0150 in this week while 1.0442 is not breached. Recently minor correction has stopped at 1.0350-1.0370 resistance zone from where weakness could resume.
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Wednesday, August 14, 2013
U.S. Dollar Climbing vs. YEN / Currencies / Forex Trading
By: Mike_Paulenoff
Weaker than expected, Japanese growth and new Mr. Abe’s comments that he is thinking about reducing the corporate tax rate to help offset the sales tax hike apparently has convinced all the naysayers that a weaker YEN still is very much part of the Abe "construction" plan.
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Saturday, August 10, 2013
U.S. Dollar - Time to Worry? / Currencies / US Dollar
By: Ashraf_Laidi
Four weeks ago, the USD index hit 3-year highs, metals licked their wounds from the biggest decline in decades and the US growth story stood out in the headline. The Fed was considered the only major central bank capable of scaling down its quantitative easing, while the ECB mulled cutting interest rates to zero. The greenback was boosted by a powerful combination of fundamental and technical moving in tandem.
Thursday, August 08, 2013
Bye Bye Euro, Hello U.S. Dollar! / Currencies / US Dollar
By: Marc_Horn
It has been a while!!! My wife and I are cruising in Oman and internet access is not widely available! But when I saw this today I really felt I should make the effort!
Talk about coincidence.... or not. Today the Euro has so far failed to make a new high, by a tiny margin and provided it fails to make a new high it has only one way to go - DOWN - it is in centi-3 of deci -3 of daily-3 of weekly-3 of monthly-3 !!!
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Wednesday, August 07, 2013
U.S. Dollar Breaks Support, The Next Currency Crisis has Begun! / Currencies / US Dollar
By: Toby_Connor
Today the dollar broke through 80.40. This is a major development as it signals that the current daily cycle topped in only 2 days, thus confirming that the intermediate cycle has also topped.
Wednesday, August 07, 2013
Competing Currencies in Somalia / Currencies / Fiat Currency
By: MISES
The Great Debate
For years a debate has raged in monetary economics over the credibility of the theory that a more stable monetary system would emerge were the system to allow for concurrent currencies operating under no legal restrictions.
One side of the debate, represented most prominently by Milton Friedman, believes that the emergence and acceptance of a new currency would be hindered — and its ability to supplant an incumbent currency all but eliminated — by network effects and/or switching costs.
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Wednesday, August 07, 2013
USDCAD Is Turning Bullish-Elliott Wave Forecast / Currencies / Canadian $
By: Submissions
Gregor Horvat writes: USDCAD found a support around 1.02560 last week, from where the first reaction appears to be in impulsive fashion through the upper trend-line of a corrective channel. We know that impulses show direction of a trend or change in trend.
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Tuesday, August 06, 2013
What’s Next for the U.S. Dollar and Currencies? / Currencies / Fiat Currency
By: Axel_Merk
In the short to medium term, the U.S. dollar and currencies are heavily influenced by what the Fed may be up to next. As the Federal Reserve (Fed) may be reading tealeaves as much as anyone else, we may be facing particularly high policy uncertainty that, in turn, reflects on elevated volatility in the bond and currency markets. The good news is that this may yield opportunities for the prudent investor.
Tuesday, August 06, 2013
U.S. Dollar - A Diamond in the Rough? / Currencies / US Dollar
By: Rambus_Chartology
Today I want to take an in depth look at the US dollar as it is so important to the overall big picture regarding the deflationary outlook that appears to be headed our way. There are just two pieces of the puzzle that need to come into focus and one is a strong US dollar and the other is a weak oil price. Everything else seems to be lining up. I have many different charts for the US dollar that are showing us nothing is broken and basically this consolidation area is still developing.
Lets start with a daily chart for the US dollar that I showed you a while back that shows an expanding triangle forming. Notice the brown shaded support and resistance zone that is made off the top of the blue 5 point triangle reversal pattern just below. As you can see this expanding triangle has been getting bigger so has the volatility been increasing. This is volatility to the max.
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Tuesday, August 06, 2013
What Is Syria’s Iranian Credit Line Worth? / Currencies / Fiat Currency
By: Steve_H_Hanke
Last week, the press was filled with reportage about Tehran throwing a lifeline – actually a credit line of $3.6 billion – to the Syrian regime.
The announcement of this Iranian lifeline should have changed the economic expectations of Syrians in the throes of what has morphed into a bloody civil war. Indeed, if it materializes, the $3.6 billion credit line should allow Damascus to conserve its dwindling supply of foreign exchange. This development should have thrown a positive expectation shock into the market for the Syrian pound.
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Monday, July 29, 2013
Learn Forex Trading Event Last Day! / Currencies / Forex Trading
By: EWI
Dear Forex Trader,
For the past two weeks,EUR/USD has moved mostly sideways. It's been -- for lack of a better word -- boring.
Yet, you may know from your own experience that the longer a consolidation takes, the faster and farther the price jumps once it ends.
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Friday, July 26, 2013
Why Everything You've Heard about China's Yaun Currency is Wrong! / Currencies / China Currency Yuan
By: Money_Morning
Robert Hsu writes: Nearly everything you've heard about China's currency, the yuan, is dead wrong. It's not undervalued and it's not undercutting the U.S. dollar as the financial press and politicians like to point out. I'll show you why.
You likely heard that China recently reported it had grown just 7.5 percent in the second quarter of 2013, the lowest level in over three years.
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Friday, July 26, 2013
Will British Pound GBPUSD Sustain The Upward Momentum? / Currencies / British Pound
By: Forex_Abode
After some struggle against the 55-day EMA, GBP/USD ultimately broke that resistance and closed above it. The high of this upward move was 1.5282.
Friday, July 26, 2013
Egypt’s Vanishing Currency Black Markets / Currencies / Fiat Currency
By: Steve_H_Hanke
Despite escalating tensions between Egypt’s new military-backed government and supporters of ousted president Mohammed Morsi, there is at least one positive development coming out of the Land of the Nile. Yes, at long last, some semblance of stability appears to be returning to Egypt’s economy.
Thursday, July 25, 2013
The 5-5-5 Forex Trading Event / Currencies / Forex Trading
By: EWI
Dear Forex Trader,
For the past two weeks,EUR/USD has moved mostly sideways. It's been -- for lack of a better word -- boring.
Yet, you may know from your own experience that the longer a consolidation takes, the faster and farther the price jumps once it ends.
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Wednesday, July 24, 2013
The World's Troubled Currencies / Currencies / Fiat Currency
By: Steve_H_Hanke
For academics, the term "troubled currency" might be a term of art. But for people who are faced with such a currency, they know a troubled currency when they see one. Today, this is the case for millions of people around the world — most notably in Iran, North Korea, Argentina, Venezuela, Egypt and Syria.
A troubled currency is one in which users have lost confidence. When users no longer think a currency will retain its purchasing power, they attempt to dump it for a stable foreign currency (or commodities). As the demand for the troubled currency evaporates, its value vis-á-vis stable foreign currencies collapses, and prices for goods and services sold in the troubled currency soar. As this process develops, expectations about the currency’s ability to retain its purchasing power deteriorate, and a doom loop ensues. At the extreme, doom loops can culminate in hyperinflation — an inflation rate of over 50% per month. This, however, is rare. Indeed, there have only been 56 cases of hyperinflation.
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Tuesday, July 23, 2013
USD Index Could Find A Support Around 82.00 / Currencies / US Dollar
By: ForexPros
The USD Index has moved out of wave B range yesterday so prices are now already in wave C, final leg of a three wave decline. As such, traders must be aware of a trend reversal, especially if we consider that move out of a triangle is final within the larger structure. From a confirmation point of view we need an impulsive rally back through 83.15 to turn bullish on the buck.
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Wednesday, July 17, 2013
Frustrations of a Portfolio Manager: Why I Sell the U.S. Dollar / Currencies / US Dollar
By: Axel_Merk
Markets are meant to exert the maximum amount of frustration on investors; indeed, the markets have lived up to their side of the bargain. To survive and possibly thrive in the business, portfolio managers need to be a special breed. This newsletter is a bit different from our typical analysis in that I provide insight as to how I approach the markets, what makes me get up in the morning, and how you can get the most out of your portfolio manager.