Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, June 17, 2010
Mr. Denninger and Gold, A Rebuttal to All Fiat Money Apologists / Currencies / Fiat Currency
By: Gordon_Gekko
The last post saw almost a holy war break out between the opposing camps of paper-bugs and the gold bugs (truth-bugs, really) resulting in a record number of comments (1) (645 at last count) the highest for any post on ZH – ever (pending Marla’s confirmation of course. Where are you, Marla?). I wish to thank everybody who participated in the discussion for their insightful comments and feedback.
Saturday, June 12, 2010
The U.S. Dollar’s Bull Market Is Just Getting Started! / Currencies / US Dollar
By: Bryan_Rich
The dollar index has surged 20 percent since last November. And this week, it was sniffing around its 2009 high!
That’s pretty impressive, especially given that the 2009 high was driven by an across the board, global flight to the dollar … underpinned by one of the worst combinations of financial crisis and global economic recession on record.
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Friday, June 11, 2010
Attacking Eurozone Core, USD Index and Swiss Knife / Currencies / Forex Trading
By: Ashraf_Laidi
The 1.2% decline in US April retail sales deals a rude awakening to the low-volume rally in equities as well as the recent bounce in the euro. Just when EURUSD was attempting to make its 4th daily increase (EUR hasnt had more than 3 straight daily gains since December), the risk aversion stands in the way. EURUSD would have had to close Friday above $1.21 in order to overcome its inability to post 4 consecutive daily gains this year.
Friday, June 11, 2010
It's Time to Close Out Your Short Euro Trade / Currencies / Euro
By: DailyWealth
Dr. Steve Sjuggerud writes: Six months ago, in my newsletter True Wealth, I told readers it was time to bet against the euro:
This type of opportunity doesn't come along very often. It's time to bet against the euro. It's overpriced. A mountain of factors is against it. And a downtrend has been established – so it's time to make the trade.
Friday, June 11, 2010
ECB Inflexibly Flexible, A Turning Point for the Euro? / Currencies / Euro
By: Axel_Merk
Following the European Central Bank's (ECB) press conference following its monthly meeting, President Trichet's main task was to boost credibility. As Trichet makes abundantly clear, the ECB is"inflexibly attached to price stability." To achieve its goal, however, he could have added the ECB needs to be inflexibly flexible. When quizzed on the ECB bond purchase program, a program that may take the ECB down a slippery road of money printing should it not be properly neutralized, Trichet discussed three elements: the purpose, the design and observation of the program.
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Thursday, June 10, 2010
Russia Clings onto Euro Currency Reserves Despite Plunge / Currencies / Euro
By: Pravda
Russia still trusts the European currency, Prime Minister Vladimir Putin told Agence France-Presse and France 2 TV channel prior to his visit to Paris.
“We trust and believe in the euro. We wouldn’t keep so much of our reserves, gold and foreign currency reserves in the European currency otherwise,” Putin said.
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Thursday, June 10, 2010
U.S. Dollar's Days are Numbered / Currencies / US Dollar
By: Money_Morning
Keith Fitz-Gerald writes: The U.S. dollar has been one of the world's strongest currencies in the first part of 2010, posting double-digit gains through the end of May.
And little wonder. The Greek debt crisis continues to threaten Europe's overall health, and could unleash an entirely new contagion on the rest of the global economy. Then there's China, - the engine of world growth during much of the financial crisis - which now appears to face the near-term triple threat of slowing growth, accelerating inflation and workplace unrest. Add in concerns about commodity prices and global debt levels and it's easy to see why currency investors have sought the safe haven of the U.S. dollar.
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Wednesday, June 09, 2010
New Financial world 2012 and the End of Days Prophecy / Currencies / US Dollar
By: Christopher_Laird
We talked several months ago about how our estimate of when the USD really hits the fan came to be around 2012. That was an accident, not intentional. We mentioned then that we found that very intriguing. That is because the USD is so central to our present financial world that, if it fell apart, the outcomes would be so severe that the financial world, and even just how money works, would be turned upside down.
Tuesday, June 08, 2010
Weaker Euro May Kill Russian Ruble and Industry / Currencies / Fiat Currency
By: Pravda
The dollar rate may drop from the current level of 31 to 28 rubles per dollar by the end of 2012, whereas the Russian ruble may grow against major currencies of the world by 20 percent, a report from the Ministry for the Economic Development of the Russian Federation said. The growth of the Russian currency may occur even faster due to the weakening of the euro, the ministry’s moderately optimistic forecast for 2011-2013 said.
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Monday, June 07, 2010
Why a Rising U.S. Dollar Is Horrible News for China / Currencies / US Dollar
By: DailyWealth
Tom Dyson writes: Hugh Hendry is the famous British hedge-fund manager who predicted the banking crisis and made 40% in 2008. Every few months, Hendry writes a letter to his investors, called the Eclectica Monthly Letter. It's among the best financial commentary you'll find anywhere on the Internet.
Saturday, June 05, 2010
Stock Market Trend Important Signals for Currency Investors / Currencies / Forex Trading
By: Bryan_Rich
Currencies represent the truest reflection of economic fundamentals and market sentiment. Therefore, they continue to be an important segment of the financial markets to watch.
Since the “flash crash” in the U.S. stock market on May 6, most market pundits and financial media have had their eyes glued to the euro for explanations on stock market activity.
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Saturday, June 05, 2010
U.S. Dollar Soars Against Crumbling Euro as Hungary Next for Debt Default Bailout / Currencies / US Dollar
By: Mike_Shedlock
The situation in Europe is taking a turn for the worse as the Prime Minister of Hungary says Hungarian economy is in a "very grave situation and talk of a default is not an exaggeration".
Saturday, June 05, 2010
Prechter Bearish on Euro and Gold / Currencies / Euro
By: EWI
The euro's recent loss has been the dollar's gain, which means that it's not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn't such a good buy either. Watch the second excerpt from Robert Prechter's May 20 interview with Yahoo! Finance Tech Ticker host Aaron Task to hear what Prechter thinks is in store for the U.S. currency and gold.
Friday, June 04, 2010
The Dollar Euro Bears Should Relax –It’s Coming Their Way / Currencies / US Dollar
By: Seven_Days_Ahead
The Macro Trader’s view: The Dollar has benefited greatly from the Sovereign debt crisis in the Euro zone, as traders sold the Euro amid fears the single currency might actually break up. Initially, traders were concerned the debt mountain built up by mainly by Greece, but also Spain and Portugal posed a serious risk, and the authorities acted to address that.
Friday, June 04, 2010
GBP/CHF Starting to Recover Again / Currencies / Forex Trading
By: Seven_Days_Ahead
In 2009 the GBP/CHF cross rate began a recovery following a major low point at the end of the previous year. After a deep pullback some positive signs are re-emerging now.
Wednesday, June 02, 2010
North European Euro Nations Preparing to Slaughter the PIGS / Currencies / Euro-Zone
By: Jim_Willie_CB
Natural forces are at work in Europe, powerful forces, in fact forces that are not evident. It is amazing how little the financial analysts notice the forces at all. Since the year 2007, a hidden force began to put pressure on the European Union financial underpinning. Like any fiat currency, the foundation resorts to debt. It came to my attention almost three full years ago that Spanish EuroBonds had a yield slightly higher than the benchmark German.
Wednesday, June 02, 2010
The Euro is Doomed, But So is the U.S. Dollar / Currencies / Fiat Currency
By: Claus_Vogt
Greece has made it obvious: The euro is doomed. This fact had been obvious to all the euro critics from the very beginning. All the arguments against the possibility of a common currency for very disparate countries had been raised, but brushed away by overzealous politicians.
They’ll learn their monetary lesson the hard way in the coming years.
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Wednesday, June 02, 2010
The Euro Zone Has Failed, Czech Republic President / Currencies / Euro
By: Mike_Shedlock
Has the Euro Zone "project" been a success or a failure? Václav Klaus, president of Czech Republic makes a solid case 'The Euro Zone Has Failed'
Wednesday, June 02, 2010
Special Drawing Rights Emerge in European Bailout / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
SDRs, or special drawing rights, are a type of off-the-wall currency floated around the International Monetary Fund. In order to keep everything clean, orderly and honest, (as much as it can be with an institution more powerful than most national governments), the IMF created the SDR to easily exchange a country’s reserves for individual currencies. When a country possesses 1 SDR, they actually own a basket of world currencies, and many suspect SDRs could soon become the world's reserve currency.
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Saturday, May 29, 2010
Euro Crash And Real Resource Bancor / Currencies / Euro
By: Andrew_McKillop
From as early as mid-year 2008 it was possible to predict the overvalued Euro, always able to
gain from intrinsic US dollar weakness, was itself heading for a fall. Unsurprisingly and until late
2009 speculators first shifted to buying the traditional hedges, Gold and Oil, rather than directly
attack the Euro. This strategy was however soon troubled by the arrival of the sovereign debt
overhang from global economic recession. Contrary to first impressions, the US sovereign debt
crisis is at least as irremediable as European national debts.