Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, October 07, 2009
The New Currency Cabal Targets U.S. Dollar / Currencies / US Dollar
By: John_Browne
On October 6th, The Independent newspaper of London set off shock-waves around the world with a report that secret meetings were held between the OPEC states, China, Russia, and others, in which the participants charted a course toward a new world reserve currency. Not surprisingly, the U.S. dollar nosedived on the news. The rout was only stemmed by Saudi and Chinese officials publicly denying the story.
Wednesday, October 07, 2009
Multi-FX Gold View and Shanghai Currency Reserve Currency Reminder / Currencies / Forex Trading
By: Ashraf_Laidi
The story from the Independent about Arab Gulf States & China looking for alternatives to the US dollar could be dismissed for now due to the lack of immediacy about its implementation. Neither such a story nor the immediate denial from Saudi Arabian officials is new. But the Arab Gulf State element certainly adds to the Chinese diversification element in highlighting the structural impediments of the US currency (zero interest rates at least into Q2 2010, budget deficit at 10% of GDP, tepid prospects of consumer-led recovery).
Wednesday, October 07, 2009
Euro Dollar and Japanese Yen Trading for 7th October 09 / Currencies / Forex Trading
By: ForexPros
The Euro advanced to 1.4761 before retreating back to 1.4682, and with that, it stayed for the whole past 24 hours above the important support specified in yesterday's report 1.4668, keeping our positive outlook intact. But even with this new high, things have changed a lot, because the Euro is threatened with a correction for the whole move from 1.4480, after spotting reversal signals on the Japanese candlestick charts: a (Shooting Star) pattern on the hourly chart, and an (Engulfing) pattern on the 4 hour chart. That is why we will drive our attention towards Fibonacci retracement levels for the move from 1.4480 on Friday to 1.4761 yesterday.
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Wednesday, October 07, 2009
Will the U.S. Dollar Be Hit By Arab Oil Shock? / Currencies / US Dollar
By: F_William_Engdahl
Arab oil producing nations and the some world’s largest oil consumers including China and Japan are reliably reported to be secretly planning a long-term exit from pricing their oil trade in dollars. If true, it would spell the death knell for the dollar as world reserve currency and for the USA as global economic power.
Tuesday, October 06, 2009
Ditching the U.S. Dollar, Video Interview With Robert Fisk / Currencies / US Dollar
By: Submissions
Gulf states have held secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in the trade of oil, the UK's Independent newspaper says.Read full article... Read full article...
Tuesday, October 06, 2009
U.S. Dollar Collapse Hysteria / Currencies / US Dollar
By: Mike_Whitney
Robert Fisk lit the fuse with his hyperventilating narrative which appeared in Tuesday's UK Independent titled, "The Demise of the Dollar". The article went viral overnight spreading to every musty corner of the Internet and sending gold skyrocketing to $1,026 per oz. Now every doomsday website in cyber-world has headlined Fisk's "shocker" and the blogs are clogged with the frenzied commentary of bunker-dwelling survivalists and goldbugs who're certain that the world as we know it is about to end.
Tuesday, October 06, 2009
Euro Dollar Bounces off Support Targetting Resistance / Currencies / Forex Trading
By: ForexPros
The Euro accurately reached the retest level that we specified as 1.4588 (yesterday's low 1.4592), and retested the broken channel successfully. Then it started rising and reached the important resistance 1.4720 this morning, which was specified as the most important target in yesterday's report (the high until the moment of preparing this report is 1.4716).Read full article... Read full article...
Tuesday, October 06, 2009
Ridiculous Hype Over Secret Arab Crude Oil Currency Meetings / Currencies / US Dollar
By: Mike_Shedlock
Once again everyone is hyperventilating over "secret" moves to trade oil in currencies other than the US dollar. Please consider The demise of the dollar by Robert Fisk.
Monday, October 05, 2009
Euro /JPY Bear Pressure Mounts / Currencies / Forex Trading
By: Seven_Days_Ahead
Over the last few months the price action in EUR/JPY has been on the choppy side, with the 2009 recovery slowing ahead of a 50% retracement level. The Daily chart now appears to be on the cusp of giving a bear signal, which would further postpone any test/break of this key resistance.
Monday, October 05, 2009
U.S. Dollar 50% Devaluation and IMF Part of Global Central Bank? / Currencies / US Dollar
By: Ellen_Brown
“A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.”
Monday, October 05, 2009
U.S. Dollar Doom or Boom?, How to Trade the Dollar Through the Stock Market / Currencies / US Dollar
By: Oakshire_Financial
Everywhere you turn, you hear pundits screaming that the U.S. dollar is ready to collapse and will be suitable only for confetti, wallpaper, and bird cage liner before you know it.
"Buy gold now before it's too late!" is heard from every goldbug and commodity investor on the planet.
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Saturday, October 03, 2009
Stock Market Reversal Bodes Well for U.S. Dollar / Currencies / US Dollar
By: Bryan_Rich
The G-7 meets this weekend in Istanbul. So what’s on the minds of these leaders of the top industrialized countries of the world?
They’re all worried about currencies. Specifically, how currencies will impact their own recoveries and the recovery of the global economy.
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Thursday, October 01, 2009
Euro Dollar and Japanese Yen Trading for 1st October 2009 / Currencies / Forex Trading
By: ForexPros
The Euro is testing at this very moment the short-term support 1.4563, after dropping hard in the last half hour. This support is the last barrier before testing Fibonacci 50% which is at 1.4509. Short-term resistance is 1.4622, and breaking it would give another attempt to reach 1.47 (after yesterday's attempt). If 1.4563 is broken, then the falling correction will try to reach Fibonacci 50% support at 1.4509, or Fibonacci 61.8% at 1.4430.Read full article... Read full article...
Thursday, October 01, 2009
Helping the Fed Trash the U.S. Dollar / Currencies / US Dollar
By: Bill_Bonner
Across the river is the great "City" of London...where finance is the #1 industry...
...where earnest men and women toil long hours in glass towers. What are they doing?
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Wednesday, September 30, 2009
The Supply of Oxen at the IMF / Currencies / Fiat Currency
By: Professor_Emeritus
Some years ago I penned a paper with the title "The Supply of Oxen at the Fed". I am indebted to Alan Greenspan for a great line in one of his speeches, entitled The History of Money, from where I borrowed my title. He wrote: "If fiat money falters, we may have to go back to oxen as our medium of exchange. In that event, I trust, the Federal Reserve will have an adequate inventory of oxen." My article was designed to reassure Mr. Greenspan that the supply of oxen at the Fed was very secure indeed, in no small measure due to his stewardship.
Wednesday, September 30, 2009
U.S. Dollar Positive Divergence on the Weekly Chart / Currencies / Forex Trading
By: Guy_Lerner
There is a strong trend. Negative divergences in an up trend or positive divergences in a down trend (between price and momentum oscillators that measure price) begin to show up on the weekly charts. Traders position themselves for a trend reversal as the divergences are indicative of slowing momentum. The reversal never comes, and the trend continues in the same direction often times accelerating as traders bail out of losing positions.
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Wednesday, September 30, 2009
Euro Dollar and Japanese Yen Forex Trading / Currencies / Forex Trading
By: ForexPros
The Euro stopped just below the most important resistance in yesterday's report 1.4639 (Asian session high was 1.4631). But even though, it is trading now above the falling channel, after it succeeded in breaking it. Still, we can spot a trendline that stopped the Euro, which is the rising trendline from inside the falling channel. We can clearly see that price stopped accurately at this line, running currently at 1.4639, the most important resistance for today as it was for yesterday.
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Tuesday, September 29, 2009
Euro Dollar Continues Short-term Trend Within Tight Channel / Currencies / Forex Trading
By: ForexPros
Moving steady inside the falling channel on the intraday charts, the Euro approached the top of the channel five times, without breaking it, which indicates that the falling trend (for the short-term is still safe. As long as price does not break this channel to the upside, the short-term downtrend will go on, and try to reach the end of the channel, which is below 1.45, during this week.Read full article... Read full article...
Tuesday, September 29, 2009
U.S. Dollar the One Investment That Might Be About to Bottom / Currencies / US Dollar
By: Graham_Summers
As I’ve noted several times on these pages, the US stock market and US dollar are trading at a near perfect inverse correlation. With stocks extremely overbought and reaching a critical point of potential resistance, any bounce in the dollar could kick off a rapid collapse in the US stock markets.
Monday, September 28, 2009
Bernanke’s Grand Strategy to Let the U.S. Dollar Fall / Currencies / US Dollar
By: Larry_Edelson
By now it should be abundantly clear to you that my warnings are coming to pass. Gold is acting firm, having made a new 12-month high above $1,000 an ounce, and within a whisker of a new record high.
And while it might not fully blast off yet, in time, it will — to well over $2,000 an ounce … then even higher to $3,000 … and ultimately, probably by the middle of the next decade, even to $5,000.
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