Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, August 03, 2016
Bitcoin Price Flashes Important Signal / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions; stop-loss at $657; initial target at $527.
Does Bitcoin correlate to gold? This is the kind of question Bitcoin enthusiasts pose to themselves. As it turns out, the question might be surprising to a lot of people who claim that the two are very similar. In an article on CoinDesk, we read:
An analysis of historical market data conducted by ARK Invest's Chris Burniske failed to illustrate a strong relationship between the two.
Burniske's analysis revealed that when examined on a weekly basis, the one-year rolling correlation of bitcoin and gold's returns was positive for nearly the entire period between 30th December, 2011, and 20th June, 2014.
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Wednesday, August 03, 2016
US Dollar Analysis And New Trading Opportunity / Currencies / US Dollar
By: Chris_Vermeulen
Investor optimism in stocks is becoming more widespread. Last week’s NAAIM Exposure Index rose to 101, which is the highest level since December of 2013. The trading sentiment composite has moved to a “Sell Signal” and last week saw an 11 on the VIX. Excessive optimism is universal.
We are entering an interesting time of the year for investors. Is this stock market going to break out to the upside and rally to further new highs, or will this latest lull be followed by a painful reversal of fortune? Historically, the August/September timeframe is the “Danger Zone” for the stock market.
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Monday, August 01, 2016
4 Stages of Fiat Monetary Madness / Currencies / Fiat Currency
By: Michael_Pento
There are four stages of fiat money printing that have been used by central banks throughout their horrific history of usurping the market-based value of money and borrowing costs. It is a destructive path that began with going off the gold standard and historically ends in hyperinflation and economic chaos.
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Sunday, July 31, 2016
Bank of Japan Disappointment Sets Stage For Further Yen Appreciation / Currencies / Japanese Yen
By: AnyOption
After the considerable fanfare that followed the Liberal Democrats sweeping victory in the upper house of Japanese Parliament, the monetary stimulus measures that have seen been unveiled have not been met with optimism as evidenced by the recent strengthening in the Yen. In a sign that confidence in the Bank of Japan continues to fall, and recently announcement of expanded JPY 6 trillion in ETF purchases failed to move the needle lower for the Yen. Anticipation of more aggressive stimulus measures including expanded easing and lower interest rates was not rewarded after the Central bank abstained from making serious adjustments to existing policy measures. Despite the pessimism that surrounded the decision, it may have been the best move considering the ongoing deflationary pressures that have not budged and weaker consumption metrics. However, with deteriorating economic fundamentals comes the added risk of another wave of Yen appreciation.Read full article... Read full article...
Sunday, July 31, 2016
US Dollar Set For Massive Smackdown / Currencies / US Dollar
By: Austin_Galt
The US Dollar Index price action has played out exactly as forecast in recent subscriber analysis. That analysis reduced the price expectation for the bear rally and the recent high of 97.62 was a bingo hit.Let’s review the technicals beginning with the daily chart.
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Thursday, July 28, 2016
U.S. Dollar Bear Market / Currencies / US Dollar
By: Gary_Savage
The first stage in a bear market begins with a severe drop below the 200 day moving average. This serves as the shot across the bow warning. Then there is usually at least one more attempt to recover the 200. When it fails the bear market starts in earnest. The dollar has dropped below the 200 this morning.
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Wednesday, July 27, 2016
Monetary Zika - The Insidious Nature of Credit Expansion / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
The insidious nature of credit expansion under the implicit guise of forced legal tender has worked it’s way (essentially) undiagnosed through many generations.
Viruses work from the inside out. They take over the control center of a cell. They use the existing machinery to proliferate.
Ultimately, the most successful become part of the host. Some become a part of the genome.
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Tuesday, July 26, 2016
Bitcoin $650 Still in Play / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
A recent development in the Ethereum ecosystem might turn out to be important for other digital assets, Bitcoin included. On CoinDesk, we read:
The ethereum ecosystem is returning to normalcy following a high-profile hack last month that resulted in nearly $60m worth of investor funds ending up under the control of an unknown group or individual.
The 'theft', as some would label it, was eventually reversed through what's known as a hard fork, a change in the code, 'approved' by an informal community vote, that effectively moved the disputed funds to a new account where investors could withdraw their original investments.
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Tuesday, July 26, 2016
The Forex Markets Are Getting Exciting! / Currencies / Forex Trading
By: EWI
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
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Monday, July 25, 2016
Here’s One Currency That Could Go to Zero / Currencies / Fiat Currency
By: John_Mauldin
BY JARED DILLIAN: Shinzo Abe just scored a decisive victory in the upper house elections. Let me explain why that is not boring.
Abenomics was conceived in 2012 as a way to combat Japan’s never-ending deflation and pseudo-depression. It included a truly massive program of quantitative easing. This involved the printing of yen to buy all sorts of assets—including stocks!
Abenomics has continued for four years… with mixed results.
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Saturday, July 23, 2016
Large Investors Become Major Bitcoin Buyers / Currencies / Bitcoin
By: Chris_Vermeulen
The world has woken up to the fact that the Central Banks are a curse, rather than a boom to the global economies, and their time left is slowly coming to an end because of new technologies and currencies I talked about last week.
People are starting to park their money in digital currencies, like Bitcoin, rather than parking them in fiat currencies. This is primarily due to the Negative Interest Rate Policy as well as Zero Interest Rate Policy of the Central Banks, which explains the sharp rise in the price of Bitcoin, this year as seen in the chart below.
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Wednesday, July 20, 2016
Forex: "The Markets Are Getting Exciting!" / Currencies / Forex Trading
By: EWI
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
Read full article... Read full article...
Wednesday, July 20, 2016
Forex Trading: Investors Await Inside Bar Breakout for Clear Direction in USD/JPY / Currencies / Japanese Yen
By: Richard_Cox
The US Dollar (USD) extended upside movement against the Japanese Yen (JPY) on Thursday, increasing the price of USD/JPY to more than 105.00 as bulls gain strength. The technical bias however remains bearish because of a Lower Low in the recent downside move. The pair has formed a great inside bar trade setup after the emergence of a giant candle on 24th June amid Brexit vote. A breakout through the aforementioned candle will provide clear direction for the pair.
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Wednesday, July 20, 2016
Bitcoin in Asymmetric Position / Currencies / Bitcoin
By: Paul_Rejczak
In short: no speculative positions.
The recent halving of Bitcoin rewards has proved to be a sort of no-volatility event. In an article on CoinDesk, we read:
One of the primary expectations leading up to halving was that the price would drop due to an expected rumor-and-event cycle, whereby traders would accumulate the asset, riding the excitement up until the actual halving took place, at which point they would exit positions.
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Tuesday, July 19, 2016
Waiting on the Euro to Bottom / Currencies / Euro
By: Gary_Savage
I’m just waiting for the euro to confirm a final intermediate cycle bottom. It’s now very late in the timing band at 33 weeks. So the bottom could occur at any time. My best guess is the euro will bottom and the dollar will top on, or the day before, the FOMC meeting next week.
The intermediate trend line has been broken. This needs to happen during cycle lows to get technical traders on the wrong side of the market. We are waiting for the trend line to break in gold.
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Tuesday, July 19, 2016
FX Traders: Get a Free Week of Forecasts (Details inside) / Currencies / Forex Trading
By: EWI
Dear reader,
Now through 5 p.m. July 22, you are invited to get free access to an online event that only happens once or twice a year at elliottwave.com:
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Monday, July 18, 2016
Will AUD/USD Selling Continue? / Currencies / Austrailia
By: Richard_Cox
Currency markets have seen some interesting moves over the last few weeks and one of the better trading setups can now be seen in the AUD/USD. These scenarios have come largely as a result of recent developments within the central bank.The Reserve Bank of Australia (RBA) recently announced that it would be willing to take extensive and unorthodox measures to right the economy, if the need arose. The current interest rate is 1.75%. If this turned out to be the case and the RBA opted to decrease the base interest rate to 1%, then options like government bond-buying would be likely considered. Such a measure would likely reduce the value of the Australian Dollar, which is presently trading near 0.76 USD.
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Sunday, July 17, 2016
Walkers Spell and Go Holidays Promotion Investigation Breaking News! / Currencies / Freebies and Comps
By: Anika_Walayat
Just like many people across Britain we have now entered well over 300 codes and won NO holiday in walkers crisps spell and go promotion because the letters K, C, D are not being given out randomly but have been released in very few numbers amongst an estimated 1.1 billion packets of crisps Well now with the promotion drawing to a close and clearly not many holidays having been won despite much effort, so now many people, have complained to the advertising standards agency who have launched a formal investigation into the Walkers Spell and Go promotion.
Saturday, July 16, 2016
AUD-USD Wave B High / Currencies / Austrailia
By: Austin_Galt
The Aussie dollar looks to have made a reaction high today and I remain bearish about its short term prospects. Let’s review the daily chart.
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Tuesday, July 12, 2016
Bitcoin Price Walking Thin Line / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
There has been an important change in the way the Bitcoin network operates. Namely, mining rewards have been cut in half. This is not an unforeseen change, since there is a known halving schedule. On BBC News, we read:
The financial rewards for being involved with the Bitcoin virtual currency have been halved.
Before 9 July, a regular reward of 25 bitcoins was handed out to those who were first to verify which coins had been spent.
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