Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, May 14, 2010
EUR/USD Next Stop 2006 Lows / Currencies / Euro
By: Guy_Lerner
Well that was quick.
I definitely would have thought that the 2009 lows in the EURUSD would have provided a little bit more buying support, but that wasn't to be. As you can see from the weekly chart (figure 1) of the EURUSD, price is well below the key pivot point at 1.25674. This level is now resistance. The next stop is the 2006 lows, which reside in the zone between 1.16 and 1.19.
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Friday, May 14, 2010
U.S. Dollar, Euro and Other Fiat Currencies Beyond the Point of No Return / Currencies / Fiat Currency
By: Casey_Research
Bud Conrad writes: We're heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can't just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.
Friday, May 14, 2010
Theory of Central Banking Rapidly Falling Apart / Currencies / Central Banks
By: Mike_Shedlock
Central banks are about to learn the global economy is not Alice's Restaurant.
In case you don't know the tune, here is the crucial line: "You can get anything you want at Alice's Restaurant"
Anything you want, seems to be the attitude of central banks. The problem is, it is virtually impossible for every central bank to get what it wants at the same time, when they all want the same thing, cheaper currency relative to each other to stimulate jobs and exports.
Friday, May 14, 2010
Gold Rises as the Euro Vaporizes / Currencies / Euro
By: Andy_Sutton
This wasn’t supposed to happen. When it was introduced 11 years ago, the Euro was to be the world’s newest, biggest, and best yet currency. There were strict guidelines for getting into Club Euro and you’d better follow them if you didn’t want to be voted off the island. What became immediately clear is that there were stronger members and weaker members. That fact is becoming increasingly apparent as the real state of the Eurozone now comes into clear focus. Over the years, rules were bent, concessions made, and explanations given, all for the purposes of justifying short-term benefits such as the availability of Italian milk to the Club. Yes, Italian milk.
Friday, May 14, 2010
USD/JPY Bulls Remain Well-Positioned / Currencies / Forex Trading
By: Seven_Days_Ahead
The recovery scenario in USD/JPY recently took a knock, but bulls seem to have quickly regained their poise, and can still target higher levels, particularly on a break through the 95.00 resistance area.
Friday, May 14, 2010
The Weak Euro, Resurgent Dollar! / Currencies / Forex Trading
By: Seven_Days_Ahead
The Macro Trader’s view:
The Euro has been much in the news over recent weeks, and for all the wrong reasons. The Greek debt crisis which had refused to lie down, even after the EU/EZ/IMF put together a EUR110.0B rescue fund, threatened to engulf the entire Euro zone because traders doubted the problem could be contained.
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Friday, May 14, 2010
Euro Crash, ECB Losing Credibility as it Prints Money When It Said It Wouldn't / Currencies / Euro
By: Charles_Maley
If you really think about it, the Euro is as much of an experiment as it is a currency. As I mentioned in my previous post, the Euro idea was that 16 different countries could join hands under one united monetary policy. The trick is to accomplish this under separate cultures, political structures, and economic climates. How’s that working out?
Thursday, May 13, 2010
Does the E.U. Bailout Signal the Euro’s Death? / Currencies / Euro
By: Money_Morning
Jason Simpkins writes: Does the European Union (EU) bailout signal an end for the euro currency?
Investment icon Jim Rogers and lauded economist Nouriel Roubini think so.
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Thursday, May 13, 2010
The Demise of the Euro as a World Currency? / Currencies / Euro
By: Bob_Chapman
Greece has its immediate financing. Now the question is can they follow the prescription? In all likelihood the answer is no. The bond markets are reflecting that via a lack of confidence. In fact, some bond markets are falling apart and there is no end in sight. We have bond rating firms lowering ratings, as the rating services themselves are under serious fire and we do not believe they will be around long. The big question is why did it take two years and 10 months to react?
Thursday, May 13, 2010
Euro, Dollar, Not a Single Set of Cojones In the Bunch / Currencies / Fiat Currency
By: Graham_Summers
Europe officially joined the Moral Hazard club in a big way over the weekend. Having put off the “Greek” issue for five months they finally caved, launching a $1 trillion bailout AND their own variation on the Fed’s Quantitative Easing Program at the same time.
Thursday, May 13, 2010
Breaking News, Germany to Leave the Euro This Weekend? / Currencies / Euro
By: Mac_Slavo
The internet, and especially gold forums, are getting excited over the possibility of very big news from Germany this Friday.
Wednesday, May 12, 2010
Trillion Shmillion, Euro Europe’s “Common Currency” Is Still Doomed / Currencies / Euro
By: Justice_Litle
As far as the euro goes, the trillion-dollar "shock and awe" program was a shocking disappointment. Here's why.
"...while Europeans no longer fear foreign armies, they are starting to fear foreign bondholders. Europe's existence as a "lifestyle superpower' has depended on an ample supply of credit..."
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Wednesday, May 12, 2010
Credit Crisis Turning Into a Currency Crisis as Governments Devalue Currencies to Devalue Debt / Currencies / Global Debt Crisis
By: The_Gold_Report
"We're heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can't just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.
Monday, May 10, 2010
Shock and Awe Euro Short Squeeze, Then What? / Currencies / Euro
By: Mike_Shedlock
The ECB, IMF, and now the Fed have come out with bazookas blazing in all hands. The amount of ammunition the fools are willing to throw at "Defending the Euro" is now up to $962 billion.
Monday, May 10, 2010
EES Abandons CHF – is EUR/CHF Controlled by the SNB? / Currencies / Forex Trading
By: Elite_E_Services
The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0945 level and was supported around the CHF 1.0840 level. Data released this weekend confirmed the Swiss National Bank has spent more than CHF 40 billion to buy euro this year with CHF 30.2 billion in franc sales in the first quarter alone. Data Swiss National Bank President Hildebrand last week said the SNB will continue to counter any “excessive” gains of the franc, noting there would be a “negative impact” if the franc appreciates “sharply due to its role as a safe haven currency.” Read full article... Read full article...
Sunday, May 09, 2010
Europe WANTS a Lower Euro / Currencies / Euro
By: Bryan_Rich
The euro is in devaluation mode … in a sharp 17 percent decline against the dollar over the past five months. And I’ve written extensively on why, and why it still has further to go.
Now I believe a covert policy decision has been made by the European Central Bank (ECB) to use currency devaluation as a tool for the European monetary union (Emu) to survive.
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Sunday, May 09, 2010
E.U. Finance Ministers Battle to Defend the Euro Against Speculators / Currencies / Euro
By: Mike_Shedlock
EU finance ministers are meeting this weekend in a mad race to Defend the Euro, whatever it takes.
On Friday, French President Nicolas Sarkozy Vowed to "Confront Speculators Mercilessly" via Secret Plans he could Reveal.
Saturday, May 08, 2010
Euro Crisis, Central Bankers Dream of Economic Decoupling / Currencies / Euro
By: Michael_S_Rozeff
It begins with government fiat. Money is mostly electronic. It is mostly "e". It is mostly a series of 0s and 1s in memory banks. Everyone by fiat must accept e-money in payments. It is made into legal tender.
We live in a world of central banks and fiat money. Central bankers are at the core of one portion of a larger government-created political economy. They are the department given the power to create and destroy the electronic bank reserves of ordinary banks. These reserves are nothing more than an e-credit asset account in an ordinary bank's computer memory and an offsetting e-liability account in the central bank's hard drive.
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Friday, May 07, 2010
Lower Support Sought in EUR/USD After 76.4% Failure / Currencies / Euro
By: Seven_Days_Ahead
In this week’s FX Specialist Guide we had been looking closer for evidence of support, on the approach to 1.3000. However, in a sign of bears’ current strength, this level was quickly violated, calling for lower chart levels in what looks to be developing nicely into a second medium term bear leg.
Thursday, May 06, 2010
What if the EuroZone Breaks Up? Looking to the Collapse of the Soviet Union for Answers / Currencies / Euro
By: John_Mauldin
Let's have a thought game. What if the Eurozone breaks up? My friend and very serious philosophical thinker Charles Gave (of GaveKal) thinks that would be a positive event. To quote his conclusion:
"But we return to the most simple of questions, namely: Was the end of the USSR a negative event? When Americans stopped wasting capital building empty condos in Florida or Arizona, was that bad news? If, like us, our reader answers "no" to the above questions, then the Greek crisis should be seen as a reason for hope, rather than despair."