Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, January 06, 2009
U.S. Dollar Strong Technical Rally to Sell Into / Currencies / Forex Trading
By: ForexPros
The USD is better against most major pairs this morning as traders unwound EURO-Sterling and Yen pairs giving the Greenback a boost by default some desks report. Stops were driving trade as the USD crossed several important S/R levels overnight; most notably in EURO as the rate fell through stops at 1.3500, 1.3440, and 1.3390 for a low print at 1.3330. Read full article... Read full article...
Monday, January 05, 2009
U.S. Dollar Strong Start to 2009 / Currencies / US Dollar
By: ForexPros
The USD is on the offense this morning for the most part as the first full day of post-holiday trading gets underway in New York. Overnight was a mixed bag for the Greenback as early weakness in index futures put a bit of downward pressure on the USD/JPY and mixed pressure on EURO and Cable; thin conditions were reported in Asia as a half-day holiday was seen in Japan. Read full article... Read full article...
Sunday, January 04, 2009
Global Trade Deficits and Surpluses / Currencies / Global Economy
By: Eric_deCarbonnel
How will other currencies be affected should the dollar collapse due to its horrible fundamentals ? The answer to this question depends on a nation's reliance on the dollar to finance a balance of trade deficit. Macro factors for 2009
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Friday, January 02, 2009
Ten Major Threats Facing the U.S. Dollar in 2009 / Currencies / US Dollar
By: Eric_deCarbonnel
1) Foreign central banks selling US assets Most of the nations which have been financing the US's massive current account deficits in recent years have either begun to sell their dollar reserves last year or are planning on selling them this year in order to support their currencies. These nations generally fall into three categories:
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Saturday, December 27, 2008
The Deflation Driven U.S. Dollar Bull Market of 2009 / Currencies / US Dollar
By: Money_and_Markets
Jack Crooks writes: I'm often hearing how much everyone seems to be anxious to put a lid on 2008 and get started over — refreshed. I can understand that. This has been a very challenging year for many investors.
But, some hidden treasures have also appeared in the markets amongst the mess we've become accustomed to …
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Monday, December 22, 2008
Why the U.S. Trade Deficit is Worsening and Dollar Implications / Currencies / US Dollar
By: Eric_deCarbonnel
Right up until the commodity bubble burst this summer, there was the ridiculous theory going around that the world was now "decoupled" and that European and emerging markets would somehow avoid being affected by the US slowdown. These decoupling theories disappeared as oil dropped like a rock, only to be replaced by an equally ridiculous idea: that the world's economic pain would be spread evenly. This is wrong. Although the entire world is going into a recession as a result of the credit crisis, some economies are better prepared than others to weather the storm. Read full article... Read full article...
Saturday, December 20, 2008
U.S. Dollar Buying Opportunity? / Currencies / US Dollar
By: Money_and_Markets
Jack Crooks writes: Traders have slashed the price of the U.S. dollar. And that's terrific news! Now you can get your hands on greenbacks far cheaper than you could only two weeks ago. If you are a regular reader of my Money and Markets columns , you know that my long-term theme is that the dollar will climb sharply through most, if not all, of 2009. And now's certainly not the time to deviate from those expectations. Read full article... Read full article...
Friday, December 19, 2008
U.S. Dollar Falls off a Cliff / Currencies / Forex Trading
By: Joe_Gelet
Recent move in the USD proved a good case study for a strategy EES has been working on called “Golden Grid”, an EA based on Fibonacci levels.
Unusual market conditions: USD falls off a cliff
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Friday, December 19, 2008
U.S. Dollar Plunges as Devaluation Policy Seeks to Export Deflation / Currencies / US Dollar
By: Prieur_du_Plessis
Bernanke & Co. on Tuesday signaled to the financial markets that they were hell-bent on pursuing an “inflate or die” approach to rescuing the ailing US economy and fending off the forces of deflation. The Fed is now inflating at a level possibly not seen before by a developed nation since Weimar Germany. Read full article... Read full article...
Friday, December 19, 2008
Japan Announces Currency and Stock Market Intervention / Currencies / Japanese Yen
By: Mike_Shedlock
Countries are now playing a game of "Top This" to see who can do the dumbest things. Please consider the following: Japan plans to buy $227 billion in shares to boost market
Japan's government said Thursday it is submitting a bill to parliament allowing for the purchase of 20 trillion yen ($227 billion) in stock to help stabilize the Japanese stock market, Kyodo news reported. Read full article... Read full article...
Thursday, December 18, 2008
U.S. Dollar Panic Selling Following Rate Cut Abating / Currencies / Futures Trading
By: ForexPros
The USD continued to decline today despite good indications that near-term technical levels would hold surprising traders with the speed of the move. All the major pairs fell through key support levels for the second day after traders chose to sell the Greenback with both hands after yesterday’s larger than expected interest rate cut by the FOMC. Read full article... Read full article...
Wednesday, December 17, 2008
The Great Crash of U.S. Dollar Begins Following Record Low Interest Rate / Currencies / Forex Trading
By: ForexPros
The USD started a bit better overnight but began to fall off as traders trimmed long positions ahead of today’s economic news. This morning’s CPI and Housing data was mixed for traders as lower CPI was offset by weaker housing data; the majors began a steady climb into the FOMC rate announcement which of course was the big news of the day. In a surprise move, the FOMC voted unanimously to cut rates a larger than expected 75 BP putting the FF rate at .25% and announcing to the world that the USD is now the cheapest currency on the planet. Read full article... Read full article...
Wednesday, December 17, 2008
Crude Oil and U.S. Dollar Inverse Relationship? / Currencies / US Dollar
By: Richard_Shaw
Are oil and the US Dollar inverse to each other? No. At least not always.
There are numerous articles out about “Dollar Up & Oil Down”, or “Dollar Down & Oil Up”.
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Tuesday, December 16, 2008
U.S. Dollar Crashes Through Support Treasury Bonds to Follow / Currencies / US Dollar
By: Clive_Maund
Over the past several days the dollar has gone into a severe decline, and this drop does not look like a reaction within an ongoing uptrend, as was the case in September, for as we can see on the 6-month chart it follows the development of a Head-and-Shoulders top area, a distribution pattern that took nearly 2 months to form. It looks like the dollar has broken down from an important reversal pattern. We had correctly identified the Head-and-Shoulders top back when the dollar index was high in the Right Shoulder of the pattern, when a Dollar Special update was posted on the site on 5th December, warning of a probable imminent dollar breakdown. Read full article... Read full article...
Tuesday, December 16, 2008
Zero Interest Rate Bound Fed Breaks U.S. Dollar / Currencies / US Dollar
By: Ashraf_Laidi
The Fed's shift towards a range of 0-0.25% in its fed funds target zero intensifies the yield assault to the dollar, leaving little chance for traders but to extend speculative and directional offers in the currency. The decision prompts the biggest 2-day rallly in EURUSD (4.8%) following last week's 5.1% jump. The dollar is unlikely to immediately descend into an uncontrollable decline as the easing campaigns of overseas central bankers and secular market volatility has yet to recapture its peak. But the longer term prospects ahead appear particularly ominous for the world's reserve currency once global economic stability starts to buildup and the demand/supply schedule of commodities further moves towards the price. Read full article... Read full article...
Tuesday, December 16, 2008
U.S. Dollar Slides Ahead of FOMC Interest Rate Cut Meeting / Currencies / Forex Trading
By: ForexPros
The USD remains under pressure to end Monday as several technical levels fail putting the majors on the offensive into tomorrows’ FOMC meeting. Analysts remain optimistic for a 50 BP cut in rates adding a bit of weight to current USD sentiment. At this point the USD remains the worlds’ number 2 low-yielding currency with only the Yen providing less. With year-end repatriation into higher-yielding currencies as traders square-books with only a few solid trading days to go into year-end the USD appears likely to suffer more losses this week. Read full article... Read full article...
Monday, December 15, 2008
U.S. Dollar Topping Action Intensifies, Sell Dollars into Strength / Currencies / Forex Trading
By: ForexPros
The USD opens the week on a softer note and remains under light pressure at the start of New York trade. Overnight action was subdued with most of the action contained in Yen cross spreads after the release of Japan’s Tankan report; traders note that the report was very soft and below forecasts prompting some analysts to expect the BOJ to cut interest rates at some point soon. With rates at .3% from the BOJ it is difficult to expect that a rate cut would help much as the bank has held effectively a zero-rate policy since the 1990’s; USD/JPY is lower at 90.74 with highs at 91.37 and lows at 90.47 making for an inside range day with lower two-way action. Traders report bid interest on the dip to 90.50 area likely from option defense and profit-taking from shorts. Additionally, EURO/JPY was firmer after the Tankan report which helped to support USD/JPY. Read full article... Read full article...
Saturday, December 13, 2008
Euro Set to Fall Against the U.S. Dollar / Currencies / Euro
By: Money_and_Markets
Jack Crooks writes: There's been a strong move against the U.S. dollar this week. But am I envious of the euro right now? Definitely not.
Technically the dollar is extremely overbought. So I expect a decent, near-term correction upward in the euro. However, according to my analysis, the euro is set to weaken substantially against the U.S. dollar over the next several months.
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Friday, December 12, 2008
U.S. Dollar Set to Decline on Back of Bailouts Frenzy / Currencies / US Dollar
By: Money_Morning
Martin Hutchinson writes: The plethora of bank and corporate bailouts, stimulus plans and interest-rate cuts that the U.S. government has produced over the last three months can only lead to one outcome: The U.S. dollar has to decline.
During the crisis so far, the dollar in general, and U.S. Treasury bonds in particular, have been regarded as a “safe haven,” making the dollar strong and pushing long-term U.S. Treasury rates downward. In the New Year, however, this is likely to change – the weight of the added supply of dollars in circulation will be too great for the greenback to shrug off.
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Friday, December 12, 2008
What the Sterling Crisis Means for You / Currencies / British Pound
By: MoneyWeek
If this isn't a sterling crisis, what is? Not content with plunging 25% against the dollar over the last six months, the pound is now fast heading for parity with the euro.
Our so-called government may think it can solve Britain 's economic problems via borrowing like crazy, and letting sterling collapse into the bargain.
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