Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Saturday, November 21, 2009
U.S. Dollar Weakness Couldn't Do the Trick / Currencies / Forex Trading
By: Ashraf_Laidi
Another Friday, Another Yen Day While the dollar rebound accelerates on broadening risk aversion, the Japanese yen remains the best performer among major FX, just as was the case in the last 3 Fridays. The case for continued yen strength remains based on the currency's low yielding stature, the central bank's looming end of corporate bond purchases (unlike FOMC whose desire to withdraw liquidity is strictly in talk rather action) and the US Treasury's escalating borrowing, which limits rebounds in the USD and renders JPY lustre against other FX.
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Friday, November 20, 2009
The Truth Behind China's U.S. Dollar Currency Peg / Currencies / China Currency Yuan
By: Peter_Schiff
During President Obama's high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government's policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this 'peg' has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded.
Friday, November 20, 2009
How to Profit from the Falling U.S. Dollar With ETFs / Currencies / Forex Trading
By: Ron_Rowland
The U.S. dollar is falling like a rock! And while we could always see a short-term rally, I’m growing more and more convinced that the dollar is heading much lower against other world currencies.
Look at this chart below. In just the last eight months, the U.S. Dollar Index (DXY), which measures the strength of the dollar against a basket of major currencies, plunged more than 15 percent! This week it’s breaking down even further.
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Friday, November 20, 2009
Is the U.S. Dollar Euro On the Turn? / Currencies / Forex Trading
By: Seven_Days_Ahead
The Technical Trader’s view:
Thursday, November 19, 2009
Euro and Yen Currency Trading for 19th November / Currencies / Forex Trading
By: ForexPros
The Bank of Japan is due to hold a press conference Tomorrow (NOV 20).
The Bank regularly uses press releases in order to communicate with investors. Topics at such conferences generally include economic outlook, inflation and changes in interest rates.
Wednesday, November 18, 2009
What Has Government Done to the U.S. Dollar? / Currencies / Fiat Currency
By: Mike_Hewitt
"No legal tender law is ever needed to make men take good money; its only use is to make them take bad money." (Stephen T. Byington)
The U.S. dollar has changed from being a paper certificate for a tangible asset to a fiat currency - a paper note declared legal tender. By looking at the history of American paper money one can clearly see the distinction.
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Wednesday, November 18, 2009
Euro and JPY Forex Trading and UK Economic Fundamentals / Currencies / Forex Trading
By: ForexPros
The UK National Statistics Bureau will publish the monthly Retail Sales measurement Tomorrow (Nov 19).
Retail Sales are a measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the UK.
It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the UK economy.
Tuesday, November 17, 2009
What Strong U.S. Dollar Policy? / Currencies / US Dollar
By: Axel_Merk
"I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar," U.S. Treasury Secretary Geithner recently told reporters. Indeed, it seems to be a pre-requisite to apply for the position of U.S. Treasury Secretary to be able to utter these words. In the meantime, the greenback seems to be falling further and further; the 'strong dollar commitment' appears to have become a farce. Just what, then, would be a strong dollar policy?
Tuesday, November 17, 2009
Euro and Yen Forex Trading / Currencies / Forex Trading
By: ForexPros
Euro DollarThe Euro moved in both directions, breaking both the support & resistance specified in yesterday's report, without being able to reach the target in both cases. We have witnessed a swift move during yesterday's trading, when the Euro dropped very fast to 1.4879 only to rise with the same light speed to 1.5014. This move has founded an important support at 1.4879, where the rising trendline from November 3rd bottom meets yesterday's low.
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Sunday, November 15, 2009
China Currency Manipulation About to Trigger Protectionism Crisis / Currencies / China Currency Yuan
By: Bryan_Rich
I’ve written several times here in Money and Markets about the geopolitical time bomb surrounding China’s currency manipulation. The most recent was in my October 31 column.
I expect this issue to grow in intensity and become a major point of contention for the global economy in the coming year. In recent days the chatter about China and its artificially weak yuan has been picking up.
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Friday, November 13, 2009
Expansion of Global Fiat Currencies / Currencies / Fiat Currency
By: Mike_Hewitt
The expansion of global currencies has exceeded nine percent over the last year.
This essay investigates which currencies are contributing the most to this development. One hundred currencies from 95 sovereign nations and five monetary unions have been examined.
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Friday, November 13, 2009
U.S. Dollar Index Might Be At Pivotal Moment / Currencies / Forex Trading
By: Seven_Days_Ahead
During 2009 the US Dollar Index has enjoyed a deep pullback. Its current position doesn’t exactly excite, but an interesting technical level is being tested and we here highlight what would be taken as the first bull signal.Read full article... Read full article...
Thursday, November 12, 2009
Currency Trading for 12th November / Currencies / Forex Trading
By: ForexPros
The U.S Bureau of Economic Analysis will publish the monthly Trade Balance index tomorrow (Nov 13).
The Index measures the difference in worth between exported and imported goods (exports minus imports), which make up the largest component of a country's balance of payments.
Wednesday, November 11, 2009
Euro Breaks Above $1.50 / Currencies / Forex Trading
By: LiveCharts
Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The same dollar weakness has pushed the Pound back near $1.67, kept oil near or above the $80 per barrel level, and has sent the spot rate of gold soaring past $1,100 to a current rate of $1,115 per ounce.
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Wednesday, November 11, 2009
Currency Markets Steady Ahead of U.S. Initial Jobless Claims Report / Currencies / Forex Trading
By: ForexPros
The US Department of Labor will release the weekly Initial Jobless Claims report tomorrow (NOV 12).
The report serves as a measure of the number of people who file for unemployment benefits for the first time during the given week, and gives an indication to the health of the job market, as increases indicates that there are fewer people being hired.
While this measure tends to be volatile, analysts predict no change since last week’s measure of 512.00k.
Tuesday, November 10, 2009
Don't Forget the Yen, Especially During Risk Aversion / Currencies / Japanese Yen
By: Ashraf_Laidi
Much has been said about the US dollar's role as a funding currency for carry trades and its well publicized rebound during the most recent episode of risk aversion (Oct 21-Nov 2). But once again, it was the Japanese yen that outperformed the US dollar as well as all major currencies. This helps explains why the emerging gains in non-USD currencies (EUR, GBP, AUD, CAD etc) remain limited against the JPY when equity markets are on the rise and are quick to lose ground vs. JPY than against USD. Both USD and JPY pay ultra low interest rates, with 3-month LIBOR at 0.27% and 0.32% respectively. But the medium term future prospects remain brighter for JPY relative to USD.
Tuesday, November 10, 2009
Currency Traders Await Release of Bank of England's (BOE) Quarterly Inflation Report / Currencies / Forex Trading
By: ForexPros
The report sets out a detailed economic analysis and inflation projection on which the Bank's Monetary Policy Committee bases its interest rate decisions. The Monetary Policy Committee is also expected to present an assessment of the prospects for UK inflation over the next two years.Read full article... Read full article...
Tuesday, November 10, 2009
U.S. Dollar Meltdown / Currencies / US Dollar
By: Mike_Shedlock
I had the pleasure of reading a final finished copy of The Dollar Meltdown by Charles Goyette this past week.
Congressman Ron Paul offers an opinion on the front cover to which I certainly concur: "Goyette does a great job explaining why America faces a looming financial crisis and outlines commonsense strategies for individuals to protect themselves and their families. This book truly is a must read."
Friday, November 06, 2009
EUR/USD Bulls’ Unease After Key Reversal Week / Currencies / Forex Trading
By: Seven_Days_Ahead
Bulls are on the alert after a recent potential reversal signal on the Weekly chart. But so far not enough has been done on the downside to fully persuade the bears, and the jury is still out, deliberating.
Friday, November 06, 2009
The Hated U.S. Dollar Might Rally / Currencies / US Dollar
By: Graham_Summers
Few essays I’ve ever written have drawn as much ire as the ones in which I propose that the US Dollar might rally. The US Dollar is indeed hated, so hated that people will hate you just for considering that it might rally.
Thursday, November 05, 2009
Who Cares About the U.S. Dollar? / Currencies / US Dollar
By: Axel_Merk
Who cares about the dollar? It turns out quite a few do, except for those who could put it on a course to long-term recovery. First of all, you should care, as the purchasing power of your dollar savings is at risk when the dollar plunges versus other currencies. Let’s examine a couple of groups, what they have at stake and how influential they may be.
Thursday, November 05, 2009
U.S. Dollar Drifts Ahead of U.S. Unemployment Rate / Currencies / US Dollar
By: ForexPros
The Unemployment Rate is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US.
A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in the US and should be taken as positive for the USD.
Wednesday, November 04, 2009
When the U.S. Dollar Rallies, the Stock Market Will Crash / Currencies / US Dollar
By: Mike_Whitney
Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing. This is not as hard to grasp as it sounds. If I offered to give you $1.00 for very 90 cents you gave me in return, you would buy as many dollars from me as you could.
Wednesday, November 04, 2009
U.S. Dollar Still Looks Weak in the Short-term / Currencies / Forex Trading
By: LiveCharts
With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point.
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Wednesday, November 04, 2009
Dethroning of the U.S. Dollar Will Happen Sooner Than You Think / Currencies / US Dollar
By: Money_Morning
Keith Fitz-Gerald writes: By now virtually every investor has heard the argument that the U.S. dollar is slated to lose its status as the global reserve currency. And that’s good – as far as it goes.
What’s bad is that many of these investors have yet to latch onto the fact that this could happen much sooner than many people realize and in a manner that will catch most by surprise.
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Wednesday, November 04, 2009
Currency Markets Wait on Initial Jobless Claims Report / Currencies / Forex Trading
By: ForexPros
Initial Jobless Claims to Be Published in the US Tomorrow.
The Initial Jobless Claims is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
Tuesday, November 03, 2009
U.S. Dollar Upside Alert / Currencies / US Dollar
By: Marty_Chenard
The Dollar could fool everyone ...
Just as Foreign countries are diversifying out of the Dollar ... just as the Dollar's carry trade is being overdone, the Dollar is poised to make an upside run.
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Tuesday, November 03, 2009
U.S. Dollar Looks Ahead to the FOMC Interest Rate Decision / Currencies / Forex Trading
By: ForexPros
The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tomorrow (Nov 4).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
Monday, November 02, 2009
U.S. Dollar Meltdown / Currencies / US Dollar
By: LewRockwell
Doug French writes: The current investment climate is more perilous than ever. The Federal Reserve’s balance sheet continues to grow stuffed with the dubious paper purchased from the too-big-to-fail banks that are now wards of the state. The music stopped and there were no chairs, but the Fed and the Treasury snapped their fingers and trillions of dollars later the chairs appeared, the band played on and the banks live on. The taxpayers are now the not-so-proud owners of AIG, General Motors, Fannie and Freddie and dozens of banks. Where did the money come from? Out of thin air.
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Monday, November 02, 2009
Is the U.S. Dollar About To Crush Stocks? / Currencies / US Dollar
By: Graham_Summers
Long-time readers know that I’ve begun to develop a love/hate relationship with the US Dollar. On one hand I believe the US currency is horribly flawed given our unserviceable debt load and the Fed’s profligate spending.
Monday, November 02, 2009
Sterling Traders Await Release of Nationwide Consumer Confidence Report / Currencies / Forex Trading
By: ForexPros
UK traders await the release of the Nationwide Consumer Confidence report tomorrow (Nov 3rd) - The report is calculated from a survey of about 1,000 consumers, and measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity.
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Monday, November 02, 2009
Do You Really Want To Short The U.S. Dollar? / Currencies / US Dollar
By: Andrew_Abraham
Lets face it…everyone seems to hate the US Dollar…Seems every Forex trader wants to be short the US dollar. So many think the US dollar will crash ( maybe it will..who knows).. but what I do know as a commodity trader..when too many traders are on the other side of the boat… something happens. My short on the US dollar was recently taken out.
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Sunday, November 01, 2009
U.S. Dollar Bull Market Scenario Update / Currencies / US Dollar
By: Nadeem_Walayat
The most recent price action has seen the U.S. Dollar manage to hold onto USD 75 support that has propelled the dollar back through 76, however the trend over the past 2 months has been weak. The last update of the US Dollar bull market scenario of mid August 2009 called for a rally that targets USD 90 by the end of this year as long as 75 holds, as indicated by the original chart below :
Saturday, October 31, 2009
Chinese Yuan the Most Undervalued Currency in the World / Currencies / China Currency Yuan
By: Bryan_Rich
When the leaders from the 20 most powerful countries in the world (including China) met last month, they left with a pledge to work toward rebalancing global economies.
That means countries running large trade deficits, like the U.S., would save more, consume less, and produce more … and export-driven economies, like China, would spend more and export less.
Read full article... Read full article...
Friday, October 30, 2009
Yuan Currency Swap / Currencies / China Currency Yuan
By: Mike_Hewitt
On March 23, 2009, China made public announcements to overhaul the global monetary system, thereby questioning the role of the US dollar as the reserve currency.1 Chinese officials have gone on record saying they want to move the global currency peg away from the dollar in favour of currency diversification as indicated by China's push for OPEC to price oil in a basket of currencies (including the yuan) instead of dollars.
Friday, October 30, 2009
Eastern European Currency Crisis Could Send Gold Soaring Despite a Rising Dollar / Currencies / Gold & Silver 2009
By: Mike_Shedlock
In Gold And The Watched Pot Theory I versed the following opinions on currency fluctuations:
Might the US dollar blow up? Yes it might. But so could the RMB if China floated it, and so could the British pound. No one seems to see the crisis brewing in Japan with a huge demographic problem, a shrinking population, falling exports, and no way to pay back its national debt.Read full article... Read full article...
Friday, October 30, 2009
U.S. Dollar the Coca-Cola of Monetary Brands says James Grant / Currencies / US Dollar
By: DailyWealth
Chris Mayer writes: The U.S. dollar is a sort of monetary brand.
And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their "must-have" cachet. Sometimes, a brand can disappear entirely, as did Pan American Airways or "Members Only" jackets. But there is always something else waiting to take its place. So it is with the U.S. dollar, a brand making lows in the financial markets.
Friday, October 30, 2009
Forgotten Fiat Currency Anniversary, One Hundred Years of Legal Tender / Currencies / Fiat Currency
By: Professor_Emeritus
An Address at a Fund-Raising Dinner for the benefit of the Ficino School, Auckland, New Zealand October 28, 2009
The year 2009 will most likely expire without commemorating the centenary of a most momentous event in history that figures prominently as the main cause of the Great Financial Crisis of the century. This event was the so-called legal tender legislation in 1909. The bank notes of both the Banque de France and the Reichsbank of Germany were made legal tender by law, first in France and then, a very short time later, also in Imperial Germany. The rest of the world followed suit. In this way all roadblocks were removed in the way of financing the coming world war through credits and monetizing the resulting debt through the issuance of bank notes.
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Thursday, October 29, 2009
Currency Traders Await Japan Interest Rates Decision / Currencies / Forex Trading
By: ForexPros
Traders await tomorrow’s announcement (Oct 30) by the Bank of Japan’s Monetary Policy Committee (MPC) on the new monthly short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
Wednesday, October 28, 2009
SDR Global Currency Power Shift Underway / Currencies / Global Financial System
By: Doug_Wakefield
On Monday, November 2nd, it will have been seven months since the G20 met in London to expand the international currency known as the Special Drawing Rights. If you want to brush up on the background of this international currency, our November 2008 newsletter, states:
Wednesday, October 28, 2009
EuroDollar Testing Key Near Term Support / Currencies / Euro
By: Mike_Paulenoff
The euro continues to press lower, but let’s notice that the price structure is nearing a test of important support along the March-October up trendline, now at 1.4680, which must contain the weakness to avert a press to test the rising 50 DMA, now at 1.4625. If dollar strength, commodity weakness, bond strength and equity weakness remain connected at the hip, then the results of the test of major trendline could have extremely significant near- and possibly intermediate-term consequences. The ETF for the dollar is the PowerShares DB Dollar Index Bullish (NYSE: UUP) and for gold is the SPDR Gold Shares (NYSE: GLD).
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Wednesday, October 28, 2009
U.S. Dollar Future and a World Currency / Currencies / US Dollar
By: Thomas_R_Eddlem
Some very big questions
With the USD fluttering around 76 on the US Dollar currency basket index, the USDX it’s a good time to pontificate on its near term future, and longer term future. Gold’s big rally since 2002 begs a lot of major questions.
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Wednesday, October 28, 2009
U.S. Dollar Trend Awaits Labor Initial Jobless Claims / Currencies / Forex Trading
By: ForexPros
The U.S. Department of Labor will publish the weekly Initial Jobless Claims report tomorrow (Oct 29).
The report is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
Wednesday, October 28, 2009
Will the U.S. Dollar Still be Worlds Reserve Currency in Five Years Time? / Currencies / US Dollar
By: Mike_Whitney
Interview with Menzie Chinn
Mike Whitney: What is the present composition of reserve holdings in central banks--and has there been a substantial falloff in US dollar reserves in recent years? (Are central banks ditching the dollar?)
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Tuesday, October 27, 2009
U.S. Dollar Index Elliott Wave Analysis Update / Currencies / US Dollar
By: Alistair_Gilbert
One of the wonderful things about watching and trading currencies is the frequency with which they comply to Fibonacci retracements. Part of the reason is that the foreign exchange market is the most liquid and the most widely traded on a global basis, so Elliott Wave analysis, which is based on mass crowd psychology, works best.
Tuesday, October 27, 2009
U.S. Dollar Further Positive Developments on the Forex Markets / Currencies / Forex Trading
By: ForexPros
The U.S. Census Bureau will publish the Monthly Core Durable Goods Orders report tomorrow (Oct 27th ). The report measures the change in the total value of new orders for durable goods, excluding transportation. Because aircraft orders are very volatile, the core number gives a better gauge of orders trends. Higher reading indicates activity increase by manufacturers.
Monday, October 26, 2009
The War on the U.S. Dollar / Currencies / US Dollar
By: Martin_D_Weiss
Last week, I showed you the most shocking numbers I’ve seen in my lifetime:
Up until the day Lehman Brothers collapsed in September of last year, it took the Fed 5,012 days — 13 years and 8 months — to double the cash currency and reserves in the coffers of U.S. banks.
Read full article... Read full article...
Monday, October 26, 2009
The War Over the U.S. Dollar Versus Gold / Currencies / US Dollar
By: Clif_Droke
A fierce war of words has erupted in recent weeks between the two major camps in monetary circles. The first camp – the gold bulls/dollar bears – have been loudly voicing their twin belief that the gold price is poised to skyrocket while the dollar price is perched for a collapse. The other side – the gold bears/dollar bulls – are making the counter claim the gold price is setting up for a crash.
Monday, October 26, 2009
U.S. Dollar Alert, Revenge of the Greenback? / Currencies / US Dollar
By: Clive_Maund
The dollar is at a crossroads and there are two probable scenarios. One is a final plunge following the recent grinding decline to an intermediate low that is followed by an intermediate reversal. The other is that it suddenly breaks out upside from the severe downtrend it has been stuck in since early March and rallies strongly, strongly because it is likely to be juiced by a sudden wave of panic short-covering.
Monday, October 26, 2009
Please Mr. Geithner, Don't Pass the Buck on the U.S. Dollar / Currencies / US Dollar
By: Michael_Pento
It seems nobody in this country wants to take responsibility for the secular decline in the value of the U.S. dollar. When Fed Chairman Ben Bernanke is asked about the currency's decline, he refers the query to the Treasury Department. When the president is asked about the dollar, he often gives the tired old platitude that the U.S. has a strong dollar policy, but his vacuous words seem more like perfunctory utterances than a bona fide dollar-boosting strategy.
Monday, October 26, 2009
U.S. Dollar Slowly Firming Against Japanese Yen and Euro / Currencies / Forex Trading
By: ForexPros
The National Australia Bank (NAB) will publish its Quarterly Business Confidence report tomorrow (OCT 27).
The report measures the current business conditions in Australia by analyzing the economic situation in the short term.
Sunday, October 25, 2009
The Vague Future of the Russian Ruble / Currencies / Russia
By: Pravda
The "profitable" Russian ruble is trying to strengthen its position against the US dollar. The situation in the internal currency market in Russia is still affected by the external environment and speculative intentions of investors. Although the prospects of further strengthening of the Russian currency are increasingly obscure, analysts believe that the price of 29 rubles per US dollar is unattainable in the near future.
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Sunday, October 25, 2009
U.S. Dollar Collapse Update, Obama Demanding Payment in Euros! / Currencies / US Dollar
By: Mike_Whitney
The "dollar debate" on the Internet has been ferocious and emotionally-charged, but sadly lacking in logic. To oppose the "dollar will crash" theorists is like arguing a woman's right to choose with the fist-waving throng assembled outside an abortion clinic. The results are equally disappointing. To say that "minds are already made up and the issue is settled", is an understatement. For many, the dollar's transition from the world's reserve currency to a Wiemar era Deutschemark is not a question "if" but only of "when". One reader summed up the distrust that's felt for anyone who dares to challenge the prevailing dogma like this:
Friday, October 23, 2009
King Dollar Forced to Abdicate / Currencies / US Dollar
By: Peter_Schiff
For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It's only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times.
Thursday, October 22, 2009
The Next Currency to Crash / Currencies / Forex Trading
By: DailyWealth
Dr. Steve Sjuggerud writes: "What's your slam-dunk currency trade right now?"
I asked my friend Jack that question earlier this week...
Thursday, October 22, 2009
Key Reversal Week in GBP/CHF Lures Bulls / Currencies / Futures Trading
By: Seven_Days_Ahead
After nearing an interesting Fibo projection earlier this year the GBP/CHF cross rate recovery came to a halt. Subsequent weakness has been quite deep but we have just seen a potentially bullish Key Reversal Week, marking at least a temporary turning point. Read full article... Read full article...
Thursday, October 22, 2009
U.S. Dollar Crash is Not Going to Happen / Currencies / US Dollar
By: Mike_Whitney
The dollar is not going to crash. In fact, many economists believe that the dollar will rally when the Fed ends its quantitative easing program (QE) sometime in early 2010. The Fed is on track to buy nearly $2 trillion dollars of mortgage-backed securities, US Treasuries and agency debt. In other words, the Fed is printing money and pumping it into the housing market to keep the market from collapsing. This keeps interest rates low, but it also weakens the dollar. When the program ends, long-term interest rates will rise and the dollar will strengthen.
Wednesday, October 21, 2009
U.S. Dollar Attacked by Central Bank Lilliputians Profting From the Carry Trade / Currencies / US Dollar
By: Jim_Willie_CB
The US Federal Reserve continues to talk about their urgent Exit Strategy. My theory is they will be doing mostly talking and almost no doing. The nations that talk the least will be hiking interest rates the most, like Australia. The United States might be dead last in hiking interest rates. The credibility of the USFed will in the process continue to be harmed much more than already, which is rock bottom. The Dollar Carry Trade and the lost Petro-Dollar advantage will work to destroy the USDollar as the global reserve currency. The USFed will have to resort to unusual means to keep the world ‘interested’ and ‘involved’ in the USDollar at all. When they lose interest and involvement, the US$ will descend into the Third World. The USDollar will then be forced to find its true value, based on its own merit.
Tuesday, October 20, 2009
Currency Market Sees No Motive in Buying U.S. Dollars as Risk Appetite Increases / Currencies / Forex Trading
By: Ashraf_Laidi
G7 finance ministers and central bankers ought to realize that their USD-supporting rhetoric (Bernanke, Lagarde and Trichet) will be devalued by a currency market that sees no motive in buying the greenback as long as improved risk appetite continues to shore up a USD-driven global liquidity. With US earnings beating estimates and the "commodity central banks" not mincing their words about tightening liquidity, the only viable way for US policy makers to stabilize the USD is to start withdrawing liquidity...rather than talk about when is a good time to do it.
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Tuesday, October 20, 2009
Zero Discount Value of Gold and Dethroning the U.S. Dollar / Currencies / US Dollar
By: Michael_S_Rozeff
A truly major change in the global monetary system is beginning to materialize. The dollar is starting to be dethroned. Foreign governments and central banks are going to do the dethroning.
I have no prediction as to how slowly or quickly this process will take. The major dethroners, the Chinese, are on record as favoring a slow process. The transition is already occurring, however. Now that attitudes have shifted among the dethroners, they are likely to keep at it.
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Tuesday, October 20, 2009
Currency Trading for 20th October 2009 / Currencies / Forex Trading
By: ForexPros
Tomorrow (Oct 21) The Bank of England's (BOE) Monetary Policy Committee (MPC) will publish its record of the committee's interest rate meeting held two weeks ago.
The meeting gives a picture of economic conditions in the UK, and records the votes of the individual members of the Committee.
If the BOE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.
Tuesday, October 20, 2009
On the U.S. Dollar, Europe Sings a Classic Meatloaf Hit, Two Out of Three Ain't Bad / Currencies / US Dollar
By: Mike_Shedlock
Seriously, ECB president Jean-Claude Trichet cannot possibly be serious when he says Europe Takes U.S. Strong-Dollar Policy Seriously.
Monday, October 19, 2009
Central Banks Systematically Destroying Hard Earned Wealth Through Fiat Currencies / Currencies / Fiat Currency
By: Captain_Hook
Human beings are not designed to think in terms of loss, or at minimum, are not built to deal with it well psychologically. And if you look around one can see this in how we have structured our modern day society, with the economy counting on steady and consistent growth even if its not to be. Of course even though it’s not to be, we humans would prefer to be optimistic, and lie about the reality of the situation. Here, because of this desire, our bureaucracy feels they have sufficient license to lie about the economy in increasing measure; whatever it takes to avoid loss – loss of wealth, loss of jobs, and most importantly loss of the fictitious wealth most have saved in fictitious dollars ($’s). Oh yes, naturally when we speak of bureaucracy we cannot ignore the desire for power within the formula, however for our purposes we lump all these desires into one easily understandable obsession, that being the desire to increase and maintain one’s wealth, where today, this also means at any cost unfortunately.
Monday, October 19, 2009
U.S. Dollar Awaits Fed's Speech Blitz / Currencies / Forex Trading
By: Ashraf_Laidi
The week's upcoming blitz of Fed speeches starts with Bernanke's speech about Asia and the crisis (15:00 GMT). All voting members at this year's FOMC are due to speak this week, with the exception of Board Governor Duke and Atlanta Fed's Lockhart. As the dollar accelerates its decline, FX markets are increasingly aware that short of any USD-supporting remarks from non-US policy makers, effective USD stabilization would have to emerge from Fed's managing of inflation expectations (translation: signalling intentions to begin withdrawing excess liquidity by saying it will raise rates when the time is right).
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Monday, October 19, 2009
Saving the U.S. Dollar and Bearish Gold Volume / Currencies / US Dollar
By: Ronald_Rosen
It has been said that not even the U. S. Marine Corps can save the dollar. However, the way things appear, and according to the Delta Long Term turning points, the Marines may succeed in a delaying action for about twelve months. Desperate times require desperate means. The U. S. Dollar, starting about now, may actually rally right up to the mid term elections in November 2010. Perhaps we should include American politics as one of our market timing tools.
Monday, October 19, 2009
U.S. Dollar Remains at Important Support Against the Yen / Currencies / Forex Trading
By: ForexPros
Traders await the Bank of Canada’s (BOC) decision on short term interest rate which will be announced tomorrow (Tuesday, 20/10).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
Monday, October 19, 2009
Short Term Bull Signal in USD/JPY Now Seen / Currencies / Forex Trading
By: Seven_Days_Ahead
The recent downtrend in USD/JPY has been trying to find support above the prior lows of Dec-08/Jan-09. It looks as though a s/term recovery signal has now been given, and it is now time to look at some of the overhead hurdles confronting the s/term bulls.
Monday, October 19, 2009
Orderly U.S. Dollar Depreciation Is Better Than Protectionism / Currencies / US Dollar
By: Lloyds_TSB
For all of the furore about the dollar’s slide, it is easy to lose sight of the underlying forces at play. However, we should not be complacent, as these forces can still have destructive effects on global growth prospects. Global imbalances, represented broadly in the growing US current account deficit and rising surpluses in many other parts of the world, were one of the prime - for some, the only - reasons for the global crisis that is still unwinding.
Sunday, October 18, 2009
The Forex Establishment / Currencies / Forex Trading
By: Elite_E_Services
While collecting data about the Forex market, it is important to know who the major players are. Who originally designed Forex, who are the major participants, who makes decisions that have a significant impact on the Forex market? This and more will be explored in “The Forex Establishment.” First, let’s examine what is an establishment.
Friday, October 16, 2009
Death of the U.S. Dollar, Again? / Currencies / US Dollar
By: EWI
The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.
Thursday, October 15, 2009
U.S. Dollar Real Value Crash to 18cents / Currencies / US Dollar
By: Jeff_Clark
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report -“A dollar is worth only 70¢ now,” my Dad jabbered as we worked in the backyard. “And they say it’ll only be worth 50¢ in a few years.”
Thursday, October 15, 2009
End of U.S. Dollar Global Reserve Currency / Currencies / US Dollar
By: Jim_Willie_CB
The heralded end to the Petro-Dollar defacto standard completes the loop, the vicious cycle that will work to destroy the USDollar. In a sense, the US$ had to face an end, its sunset guaranteed when Nixon defaulted on its redemption value. The United States served as custodian for the global reserve currency. Naturally, the most damage will be to the US as a consequence of its twilight, especially after the recent era of fraud & counterfeit. Few look back to that date in 1971 as prophetic for declaring the USDollar’s days as limited and finite.
Thursday, October 15, 2009
Euro Continues Rise Against Weak U.S. Dollar / Currencies / Forex Trading
By: ForexPros
Tomorrow (Oct 15) The US Treasury Department will publish the monthly Treasury International Capital (TIC) Net Long-Term Transactions Report. The report measures the monthly difference in value between US purchases of long-term foreign securities and foreign purchases of US long-term securities.
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Wednesday, October 14, 2009
U.S. Dollar Expected to Continue Slide to New Lows / Currencies / Forex Trading
By: ForexPros
Traders in the U.S await tomorrow's publication of the Department of Labor's monthly CPI measurement (Oct 15).
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy.
The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the US.
Wednesday, October 14, 2009
U.S. Dollar Develepments, The Most Critical Financial Developments of Your Lifetime… / Currencies / US Dollar
By: Larry_Edelson
Make no mistake about it. The developments over the last three weeks affecting the U.S. dollar — which continues to sink in value — are the most critical financial developments of your lifetime.
The U.S. dollar has now entered the final days of its reign as the world’s reserve currency.
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Wednesday, October 14, 2009
Deflation Threat to Quantitative Easing Currencies / Currencies / Forex Trading
By: Ashraf_Laidi
Even the tumbling USD has hit a 5-month high against the British pound. Such is the state of the deteriorating GBP as UK CPI hits a 7-year low at 1.1%.
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Wednesday, October 14, 2009
U.S. Dollar Loses Reserve Status to Yen and Euro, NOT / Currencies / US Dollar
By: Mac_Slavo
The New York Post is reporting that the Dollar loses reserve status to yen & euro.
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Tuesday, October 13, 2009
Abandoning the USS Dollar, As Gold Shines Again / Currencies / US Dollar
By: Jennifer_Barry
Robert Fisk's article in The Independent on October 6, “The Demise of the Dollar,” has created many shock waves in the currency markets. Fisk reported that major Arab nations are secretly planning to dump the current petrodollar scheme in favor of pricing oil in a basket of currencies. Included in this basket will be the yen, yuan, euro, a new, pan-Arab currency, and gold bullion. Co-conspirators include Saudi Arabia, Russia, Brazil, China, France, and the formerly compliant Japanese. This validated my July prediction that the Persian Gulf states will eventually accept yuan in exchange for oil.
Tuesday, October 13, 2009
British Pound A Major Disaster Just Waiting to Happen? / Currencies / British Pound
By: Garry_Abeshouse
Iit may be an important key to events that will be played out over the coming weeks and months. Firstly, the long term chart (courtesy of www.sharelynx.com) shows the price going back to 1971. Important to notice here is the 1982 – 1985 fall from 2.4 to near parity, just above 1.0. Read full article... Read full article...
Tuesday, October 13, 2009
Two Ways to Profit on a Huge New Currency Trend / Currencies / Forex Trading
By: DailyWealth
Tom Dyson writes: The Reserve Bank of Australia hiked its interest rate this week...
This was a big piece of financial news. Central banks around the world have been cutting rates for two years, and interest rates are as low now as they've ever been.
Tuesday, October 13, 2009
Euro and Yen Currency Trading for 13th October / Currencies / Forex Trading
By: ForexPros
As expected, the Euro jumped after breaking 1.4725, but the rise stopped just above 1.48, exactly like what happened last Thursday (yesterday's high 1.4812, Thursday's high 1.4816). It seems like reaching the resistance area 1.4808-1.4816 has become a problem for the Euro, since it failed twice at the same area.
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Tuesday, October 13, 2009
Will Japanese Government Intervene to Weaken the Strong Yen? / Currencies / Japanese Yen
By: Bryan_Rich
In the summer of 2007, Bear Stearns confessed it had spent $3.2 billion bailing out two of its funds that were exposed to the sub-prime market. At the same time, the yen carry trade marked its top. Soon thereafter, Bear Stearns went belly up, and the needle on the world’s sentiment shifted towards risk aversion.
Monday, October 12, 2009
Euro Rally Halts at Resistance, Probability of Downside Grows / Currencies / Forex Trading
By: ForexPros
The Euro stopped at the resistance established in Friday's report 1.4772 with amazing accuracy, a stop which was a signal that we are heading to areas below 1.47. And now, there is a resistance that combines the rising trendline drawn from 1.4566, and the falling trendline drawn from 1.4816, and is currently at 1.4725, if price stay below it, we are heading south.
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Friday, October 09, 2009
Geitner, Summers, AND Bernanke Lobbying for the U.S. Dollar / Currencies / US Dollar
By: Mike_Paulenoff
All I can say is that when you have Geitner, Summers, AND Bernanke all chiming in with comments about the need for a strong dollar, smart money listens – and dumb money had better be prepared for some wicked volatility (against their short position). In the extremely interventionist world in which we find ourselves, my sense is that you really need to reevaluate a short dollar position when the three highest US financial market officials are telling you that they don’t like your attitude.
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Friday, October 09, 2009
Will Euro/ British Pound Bulls Pause for Breath? / Currencies / British Pound
By: Seven_Days_Ahead
An impressive upmove in EUR/GBP has shaken off medium term bear risk, we believe – any pullbacks now will most likely be temporary/corrective ahead of further upside. It is worth looking at the current technical position, and supports to any slip back. Read full article... Read full article...
Friday, October 09, 2009
Death of the U.S. Dollar, Again: Before You Mourn, See This Chart / Currencies / US Dollar
By: EWI
The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.
Thursday, October 08, 2009
Gerald Celente, U.S. Dollar’s Demise Will Be Felt Worldwide / Currencies / US Dollar
By: Submissions
If the dollar collapses, it would spell economic disaster not just for the United States, but for the world, says Gerald Celente, director of the Trade Research Institute.
“It is more than just the demise of the dollar – this is going to be felt worldwide. There’s a major financial crisis ahead. The United States, the world’s superpower, is failing on its most basic level,” Celente told RT.
Thursday, October 08, 2009
Death of Petro-Dollar, Told You So / Currencies / US Dollar
By: Jim_Willie_CB
The story hit like a thief in the night, even bearing Biblical proportions. The end of the exlusive sale of MidEast oil in USDollars, the rise of Russian and Chinese influence in the Persian Gulf, the rise in importance for the Intl Monetary Fund basket of currencies, the final clarion call for the free ride by Americans on the Dollar Credit Card, and hidden implications that the Saudis must shop for a new security lord in the region with broad military might, these are revolutionary steps with profound geopolitical implications.
Thursday, October 08, 2009
Euro Dollar and Yen Currency Trading for 8th October / Currencies / Forex Trading
By: ForexPros
First we would like to draw your kind attention to the ECB rate decision that will come out later today, and to president Trichet's news conference that will follow. The Euro advanced to 1.4761 before retreating back to 1.4682. And with that, 1.4776 became the most important resistance for the short-term, and the key to reach new tops. If broken, the Euro will be able to reach areas above 1.48 within 24 hours after the break, first of which is 1.4824, then new highs above the tops of September 22nd & 23rd, the most attractive of which is 1.4901.Read full article... Read full article...
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: Oxbury_Research
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
Monday, September 28, 2009
U.S. Dollar Crashes Against Yen! Time to Act! / Currencies / US Dollar
By: Martin_D_Weiss
Martin here with an urgent update on the dramatic events that took place late last week and what they could ultimately mean for you …
Just when the worldwide onslaught against the U.S. dollar seemed to be temporarily subsiding, a new round of attacks hit Friday — this time from Japan.
Read full article... Read full article...
Sunday, September 27, 2009
British Pound Devaluation Delusions / Currencies / British Pound
By: Phill_Tomlinson
"It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued."
Harold Wilson, British Prime Minister, after the Pounds devaluation in 1967
"A weak currency arises from a weak economy which in turn is the result of a weak Government."
Gordon Brown, During the Pounds devaluation after it was withdrawn from the ERM
Friday, September 25, 2009
U.S. Dollar Forecast, Major Low in Q4 of 2011 / Currencies / US Dollar
By: INO
The dollar will hit a major low in Q4 of 2011. Watch this short video and see how I came up with this bold forecast.
Friday, September 25, 2009
US Dollar Index, What the Bulls Need To Happen / Currencies / Forex Trading
By: Seven_Days_Ahead
Over the last few months the Dollar Index has been grinding lower, recently reaching a Fibonacci projection we had been looking at. However, there is nothing bullish about the daily chart yet – there are certain hurdles that bulls need to get round before a recovery phase can be trumpeted.
Friday, September 25, 2009
Does the Bank of England Want a Weak British Pound? / Currencies / British Pound
By: Seven_Days_Ahead
After a steep sell off against both the Dollar and the Euro in the wake of the financial crisis, the Pound began to bottom out during the 1st quarter of this year, as it became evident that other G7 economies were doing as badly as the UK, if not worse.
Read full article... Read full article...
Friday, September 25, 2009
British Pound Undermined by the Bank of England, Sterling Bear Market Resumes / Currencies / British Pound
By: Nadeem_Walayat
The Bank of England and Mervyn King's recent announcements in the mainstream press have clearly been aimed at sending the markets a signal that official policy favours a weak currency so as to support the economic recovery by boosting the export sector. The reaction in the markets was for a swift drop in the exchange rate across all major currencies and most notably against the Euro which triggered a fall of over 8% from the recent high of 1.20 to below 1.10
Thursday, September 24, 2009
U.S. Dollar Up While Crude Oil Slips / Currencies / US Dollar
By: Mike_Paulenoff
Ok... which is the chicken, and which is the egg? To find a starting point, let's look at the key timeframe during the major market turns that occurred duing Feb. and March 2009. Crude Oil prices hit a low (with equity prices) at $44.01, while at the same time risk averse investors finally bought enough dollars (from Dec, 2008) in their acute flight to safety. Since then, equity and oil prices have climbed sharply, while the daily Dollar index (DXY) gave up all of its panic flight to safety gains in what looks like a panic back into riskier assets-- perhaps until recently. In the case of oil and the US Oil Fund ETF (USO), prices actually peaked in June, at which time they went into a contracting coil pattern that appears to have ended yesterday with a resolution to the dowside.
Thursday, September 24, 2009
How to Get Rich Trading Forex- Video / Currencies / Forex Trading
By: INO
I'm not going to say a lot about this new video, but I recommend that you watch it. It's an eye-opener.
Read full article... Read full article...
Thursday, September 24, 2009
Euro Drops to Support After Fed Statement Boosts U.S. Dollar / Currencies / Forex Trading
By: ForexPros
As all other majors, the Euro dropped significantly after the Fed, and went back to 1.4685, but it stood its ground and spent the whole Asian session above 1.47. This return could provide us with the chance to retest the falling and broken trendline, inside the rising channel, which is currently at 1.4646, which is the support of the day.Read full article... Read full article...
Wednesday, September 23, 2009
New Deadly U.S. Dollar Carry Trade / Currencies / US Dollar
By: Jim_Willie_CB
A powerful hidden engine existed for close to 20 years called the Yen Carry Trade. The engine produced tainted trillion$ for its priviliged participants, whose access to cheap money was assured and whose control of government policy was tight. The engine served two important purposes. It kept the Japanese Yen currency exchange rate low, sufficient for maintaining the export juggernaut that sent products around global supply routes with names like Toyota, Honda, Komatsu, Mitsubishi, Nikon, Toshiba, and Fuji for a string of years. It also supplied a torrent of funds to feed both the Japanese and Western (think US, UK, Europe) financial markets its most important channel in existence.
Wednesday, September 23, 2009
Euro Reaches New High Against U.S. Dollar for 2009 / Currencies / Futures Trading
By: ForexPros
As expected, the Euro reached 1.48 for the first time this year, and also reached the first target suggested in yesterday's report, which leaves the second target 1.4901 ahead of us, could we see it today? The current advance is still climbing (slowly we might add) without showing exhaustion, and the top of the current channel is at 1.49, these thing support the probability of going up. On the other hand, a divergence case on the RSI is developing as we speak, supporting the opposite scenario.Read full article... Read full article...
Tuesday, September 22, 2009
Strong Euro Dollar Bounces off Support / Currencies / Forex Trading
By: ForexPros
The Euro held around the secondary Fibonacci support of 23.6%, which is in the 1.4620 area, and went back up to above 1.47. The "limited" move of yesterday had "limited" effect. We have re-drawn the channel, to make it comprehensive, and to include all the price behavior since the beginning of the month.
Read full article... Read full article...
Monday, September 21, 2009
EUR/GBP Bulls Bolstered By Break of 88.00 Barrier / Currencies / Forex Trading
By: Seven_Days_Ahead
Bulls in EUR/GBP have taken their time to emerge, much of Jun/Jul/Aug marked by a consolidation phase. We had tended towards a positive resolution of this, and there is scope for this cross rate to move higher shorter term.
Monday, September 21, 2009
Euro Dollar at Important Support Level / Currencies / Forex Trading
By: ForexPros
The Euro is approaching at this very moment the bottom of the rising channel on the hourly chart, and in the same area we noticed an intraday support that has shown itself several times lately, which adds more importance to this level. Reaching this area is the most important test for the EURUSD since reaching 1.4766 last Thursday.Read full article... Read full article...
Saturday, September 19, 2009
U.S. Dollar Imminent Upside Reversal? / Currencies / US Dollar
By: Sy_Harding
The U.S. dollar fell to a 12-month low against most major currencies on Thursday, with by far the majority of currency traders believing it will continue its freefall. And on the fundamentals, the dollar doesn’t seem to have much going for it to reverse the trend.
Friday, September 18, 2009
U.S. Dollar Index, The Trend Is Your Friend / Currencies / US Dollar
By: Guy_Lerner
In identifying the Dollar Index (symbol: $DXY) as the key asset class to watch, I relied upon two strategies for guidance to make the call on June 19, 2009 that that this was a "Very Dangerous Time For The Dollar Index". So far, things are working out as expected.
Read full article... Read full article...
Thursday, September 17, 2009
Buy the U.S. Dollar / Currencies / US Dollar
By: Anthony_Cherniawski
Whatever happened to the Yen carry trade?
Japanese overnight interest rates are still lower that the U.S. (10 basis points versus 25 basis points). However, the three month Libor rates show that it has been cheaper to borrow dollars rather than yen. In addition, the yen has been appreciating against the dollar since 2002. So those having to buy back yen (to unwind a carry trade) have had the extra burden of currency appreciation working against them.
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Thursday, September 17, 2009
Euro Dollar Breaks Through Resistance Signaling Powerful Uptrend / Currencies / Forex Trading
By: ForexPros
The euro broke above the rising trend channel for the first time, reaching a new high for this year at 1.4746, and leaving any expectation for a correction to start in these areas, in very bad shape. A break to the upside in a rising channel is usually a signal that shows how powerful the uptrend is, which makes it only logical to expect more gains for the European single currency.Read full article... Read full article...
Wednesday, September 16, 2009
US Dollar USD Index Important September Update / Currencies / US Dollar
By: INO
My wife and I just got back from cruising the Maine coastline and we were blessed with great weather and calm seas. When I got back to my summer home and had access once again to the internet, I immediately started looking through the MarketClub charts. It was then that I realized that it has been sometime since I last did a video on the Dollar Index.
Wednesday, September 16, 2009
Euro Dollar Hits Resistnce Topping Area / Currencies / Futures Trading
By: ForexPros
Reaching the top of the channel at 1.4684, but not breaking it, the Euro is still inside the suggested area for a top. The top of the channel is slowly approaching 1.47, more accurately it is currently at 1.4691. And between here and 1.4720 we have a good resistance that can curb this slow rise. If this happens, we will break 1.4654 and head towards the short-term 61.8% Fibonacci support at 1.4607, which the euro needs to hold above to survive the expected correction.Read full article... Read full article...
Tuesday, September 15, 2009
Euro Dollar Continues Top Making Formation / Currencies / Forex Trading
By: ForexPros
The Euro held above the suggested support 1.4501 and rallied to a new top for this trend at 1.4650, which is still inside the suggested area for a top. The top of the channel is currently at 1.4682 and this will be a curtail resistance, that could stop the current rise and force a correction of good size.Read full article... Read full article...
Monday, September 14, 2009
U.S. Dollar Entering Free Fall Crash Territory / Currencies / US Dollar
By: Larry_Edelson
Martin’s off this week. So I’m writing you today from Asia with a passionate plea to our country — to its citizens and especially to our leaders in Washington.
We are now the laughing stock of Asia. Our dollars are no longer respected; our ambitions, no longer mimicked.
Read full article... Read full article...
Monday, September 14, 2009
Euro Dollar Corrects After Hitting Resistance / Currencies / Forex Trading
By: ForexPros
As we have expected, the rise stopped between 1.4620 & 1.4667, and from there we have seen a correction that reached 1.4515 until this very moment. We still believe that this correction is targeting 1.4459 at the very least, and that it could go all the way to 1.4357. But, before we feel over-excited for this correction we should see a break of short-term support 1.4501, and after that we can talk about the ideal targets such as 1.4459, 1.4408, or 1.4357.Read full article... Read full article...
Saturday, September 12, 2009
Governments Competing to Keep Their Currencies Weak / Currencies / Fiat Currency
By: Bryan_Rich
Many governments are warning about the risks that may undermine economic recovery. And a lot of that concern is surrounding the value of their currency.
Since March, most currencies have risen sharply against the U.S. dollar. As investor appetite for risk has progressively improved, there has been less demand for the safe haven value of holding dollars and more demand for higher risk/higher return foreign currency denominated investments.
Read full article... Read full article...
Saturday, September 12, 2009
Unusual Currency Market Action as U.S. Dollar Damage Results in Yen Strength / Currencies / Forex Trading
By: Ashraf_Laidi
Current price action in currencies may be sending some interesting signals. Broad dollar damage is being accompanied by broad yen strength, which is an unusual pattern when risk appetite is on the rise. This suggests that dollar weakness is not necessarily a reflection of improved risk appetite but of secular weakness in the greenback (as a result of Chinese gold purchases and most importantly hedge funds testing key dollar support levels vs. EUR (1.4620) GBP (1.67) and AUD (0.8640-50s).
Friday, September 11, 2009
U.N.’s Anti-Dollar Talk a Problem of Our Own Making / Currencies / US Dollar
By: Rep_Ed_Royce
A new report from an organization called the U.N. Conference on Trade and Development (UNCTAD) calls for the U.S. dollar to be ditched and replaced with a new global reserve currency. Why is it that the U.N. always concludes that central is better? This discussion, of course, has been prodded by our country's financial crisis and drunken sailor-like spending.
Read full article... Read full article...
Friday, September 11, 2009
Axel Merk Makes a Case for Diversified Currency Funds / Currencies / Fiat Currency
By: The_Gold_Report
Having pioneered the currency asset class as head of Merk Investments, LLC, Axel Merk suggests that these times�with inflation looming, the U.S. dollar failing, equity markets remaining volatile and economic recovery stumbling�might call for investors to further diversify their portfolios with baskets of foreign currencies. Axel, who strongly recommends The Gold Report as a "brilliant resource" in his about-to-be released book (Sustainable Wealth: Achieving Financial Security in a Volatile World of Debt and Consumption), looks at the wider picture too. For instance, he tells us that while a world reserve currency is impractical, ungovernable, unworkable and unlikely, diversification within each country's reserves would make sense in the global economy.
Friday, September 11, 2009
Currency Market Forecasts for U.S. Dollar, Canadian Dollar and Australian Dollar / Currencies / Forex Trading
By: David_Petch
The daily chart of the Canadian dollar index is shown below, with the index in closer proximity to the upper 21 and 34 MA Bollinger bands…not that lower 21 and 34 MA Bollinger bands are in close proximity to the index. This suggests that a breakout to the upside or downside from the consolidation over the past month is probable. The lower 55 MA BB is starting to rise up, suggestive that a decline is probable over the course of the next month.
Friday, September 11, 2009
Fibonacci Projection in EUR/USD Finally Reached / Currencies / Forex Trading
By: Seven_Days_Ahead
For many weeks in the FX Trading Guide we have had a Fibonacci projection marked in on the Daily chart at 1.4545. It has been reached/modestly exceeded this week and we are now waiting to see what reaction now occurs – we have been assuming that a final bull leg was unfolding.
Thursday, September 10, 2009
Euro Dollar Rally Five Wave Mode Rally / Currencies / Forex Trading
By: ForexPros
The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of the channel, which is slowly approaching 1.47. The resistance which stopped yesterday's rise is actually 1.4592 (yesterday's high was 1.4600), and we will adopt it as resistance of the day.Read full article... Read full article...
Wednesday, September 09, 2009
USD Bearish Clamour, The Dollar Won't Go Quietly / Currencies / US Dollar
By: Christopher_Laird
As gold tries to break and hold $1000 it brings up the larger question of how long the USD has to last. At the very least, after the markets digest the debate over deflation which is USD bullish, the question becomes: how long can the USD hold together before it falls in value drastically.
Wednesday, September 09, 2009
Euro Dollar Break Major Resistance / Currencies / Forex Trading
By: ForexPros
The 1.4440-1.4450 was broken yesterday as rates pushed above 1.4500. A successful hold above and/or re-test of the 1.4440 level would confirm another swing higher. This is in alignment with the longer term trend.Read full article... Read full article...
Tuesday, September 08, 2009
U.S. Dollar Tumbles as Euro Dollar Breaks Out / Currencies / Forex Trading
By: ForexPros
The Euro has broken the falling trendline from Aug 27th high, and stayed above it the whole time. That is why, there is still a big probability to surpass 1.4405 and head towards areas above 1.45 for the first time this year, where targets such as 1.4510 and 1.4572 are waiting. We need to see a break of the close resistance 1.4346 to increase confidence. If the opposite happens and we break the 1.4302 support, then we will see a correction of Friday's rise, targeting 1.4245 ideally.Read full article... Read full article...
Monday, September 07, 2009
Forex Trading Trend Lines and Channels Attempted Breaks / Currencies / Forex Trading
By: ForexPros
The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be a big probability to surpass 1.4405 and head towards areas above 1.45 for the first time this year, where targets such as 1.4510 and 1.4572 are waiting.
Read full article... Read full article...
Sunday, September 06, 2009
British Pound in a Position of Weakness / Currencies / British Pound
By: Bryan_Rich
In the past month we’ve seen statistics that indicate the recession for major economies will be ending this year. And in some countries, like Germany, France and Japan, their recessions technically ended in the second quarter.
But do these statistics mean better times are ahead for consumers … more jobs … friendlier lending policies? Does a positive quarterly GDP, rising from the steepest global economic contraction in 60 years, mean that the risk of another shock to the global system has diminished?
Read full article... Read full article...
Friday, September 04, 2009
USD/CAD, A Recovery from Fibonacci Support? / Currencies / Forex Trading
By: Seven_Days_Ahead
In early June a recovery attempt proved short-lived, with a new downtrend low made at the start of August. This was just above a long term 61.8% retracement level and support is emerging here. It is worth considering recovery possibilities now.
Thursday, September 03, 2009
Euro Dollar Survives Test of Support, USD/ JPY Remains in Downtrend Channel / Currencies / Forex Trading
By: ForexPros
The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important resistance" in yesterday's report. The above mentioned support at 1.4183 will still be the most important for short-term, because a break here will give way to an attempt to reach a lower bottom, below Aug 17th low 1.4045. On the other hand, EURSUD could continue correcting the last drop, and if this move up is corrective as we suspect, it should not break 1.4300, as we can say that this is the most important resistance for the time being. If broken, this move up cannot be classified as a short-term correction, and it will have the ability to fly above 1.44 before the end of the week.Read full article... Read full article...
Wednesday, September 02, 2009
Euro Dollar and JPY Forex Trading for 2nd Sept 09 / Currencies / Forex Trading
By: ForexPros
The Euro dropped from 1.4376 until it reached and tested Fibonacci 61.8% support for the whole move from 1.4045 to 1.4405. The above mentioned Fibonacci support at 1.4183 will be the most important for the short-term, after it survived yesterday's test (yesterday's low 1.4176) , because a break of this specific support will open the door to a trial to find a new bottom below Aug 17th low 1.4045 within this week. Any attempt to go up will have to break through 1.4252 (short-term 38.2% Fibonacci Resistance), and if this attempt is corrective, it should not go higher than 1.4300, as we can surely say that this is the most important resistance for the moment.Read full article... Read full article...
Tuesday, September 01, 2009
Driving a Fiat Currency into a Tree / Currencies / Fiat Currency
By: LewRockwell
Richard Daughty writes: Floy Lilley at the Mises Institute, in her essay at LewRockwell.com, notes that the gold-standard dollar “provided us with nothing less than relative peace and prosperity over a span of 136 years” until that fateful year, 1913.
Tuesday, September 01, 2009
U.S. Dollar on the Move / Currencies / US Dollar
By: Mike_Paulenoff
The PowerShares DB Bull US Dollar Fund ETF (NYSE: UUP) not only is oversold, but also appears to be the beneficiary of flight-to-safety money flows that is reminiscent of last year's stock market plunge. Concurrent with equity market weakness, the dollar has steadily climbed this morning, which has a familiar ring to it from last year’s stock market debacle, which attracted investors into the “safety” of the U.S. currency.
Read full article... Read full article...
Tuesday, September 01, 2009
How Will China Handle The Yuan? / Currencies / China Currency Yuan
By: Mike_Shedlock
Inquiring minds are asking "How Will China Handle The Yuan?"
It's a good question, too. Lance Lewis has a conversation with Professor Ryan Krueger in index/a/24294" target="_blank">How China Will Handle the Yuan describing how it might play out. Please click on the above link for one possibility.
Tuesday, September 01, 2009
The U.S. Dollars 2009 Slide, Banana Ben Strikes Again / Currencies / US Dollar
By: Michael_Pento
Just when you thought it was safe to hold dollars, even for just a little while, Fed Chairman Ben Bernanke once again climbed aboard his helicopter and spread some more confetti (US dollars) across the sky.
Read full article... Read full article...
Monday, August 31, 2009
September Crucial Month for U.S. Dollar, Fall or Rise? / Currencies / US Dollar
By: EliteGlobal
September 2009 is a crucial period for US dollar because technically it formed a triangular pattern and its breakout will determine the direction of US dollar movement. Most of investors and researchers predicted that the US dollar will depreciate on longer run against Euro but there is possible for either side breakout which is shown below.
Monday, August 31, 2009
Euro Dollar Indecision, USD/JPY Over the Cliff / Currencies / Forex Trading
By: ForexPros
Friday corrected a major portion of the move up on Thursday, and early trading this week has been mixed forming a range.Minor resistance has formed at 1.4310 with further resistance at 1.4320. A climb above will likely target 1.4350 followed by 1.4380 and 1.4400-1.4410.
Read full article... Read full article...
Monday, August 31, 2009
U.S. Dollar Crash Count Down Madness / Currencies / US Dollar
By: Mike_Shedlock
It never ceases to amaze me what hype people will believe. The latest is a series of posts by Jim Sinclair who on August 14, started a countdown to dollar oblivion.
Monday, August 31, 2009
British Pound Renewed Weakness / Currencies / British Pound
By: Seven_Days_Ahead
The Macro Trader’s view:
On the 30th July, 4 weeks ago, we wrote a piece entitled “How vulnerable is Sterling”, our conclusion at the time was that we thought it not very vulnerable against the Euro, since we judged, based on available macro economic data available at that time, that the UK looked closer to emerging from recession, than did the Euro zone, and in some respects the UK economy compared favourably against the US economy too.
Saturday, August 29, 2009
The Power of the U.S. Fed, Deflation and U.S. Dollar Devaluation / Currencies / US Dollar
By: Adam_Brochert
The non-federal, private federal reserve corporation has a no-bid contract to print money out of thin air and charge U.S. citizens money (interest) for this enormous privilege. Their so-called powers are legion and they are the cause of much distortion and inequality in our economy, to be sure.Read full article... Read full article...
Saturday, August 29, 2009
Global Economic Recovery Good or Bad for the U.S. Dollar? / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: If you’ve followed my commentary on currencies here in Money and Markets, you are well aware of the risk dynamic that has been driving currencies and other financial markets since the middle of last year.
In this crisis environment, market participants have been keenly focused on risk. And the dollar has served as the primary safe haven vehicle for global capital.
Read full article... Read full article...
Friday, August 28, 2009
A New World Currency, The Valun Mutual Money Plan As Conceived By E. C. Riegel / Currencies / Fiat Currency
By: Christopher_Quigley
The current economic crisis has brought into broad focus the failings of Government issued money. As pointed out brilliantly by E. C. Riegel in "Flight From Inflation" and "A New Approach To Freedom", the failure of a fiat currency is that it is issued by institutions that provide no enterprise value and thus cause inflation. Inflation is a tax, pure and simple. Debt monetization is deferred bankruptcy. Bankruptcy leads to usurpation. Usurpation can only lead to either of two ends: war or tyranny. Tyranny will take either of three forms: Socialism, Communism or Fascism. All three metastasize through political money. Its enemy is enterprise money.
Friday, August 28, 2009
Forex as an investment of the future, What is Forex, what is investing, what is the future? / Currencies / Forex Trading
By: Elite_E_Services
Origins of Modern Finance - We must reference regulations, because regulations are the framework that the majority of finance operates in. Theories, strategies, and products, which do not fit into regulatory framework, are only hypothetical.
Financial regulations are based on a series of laws created during and after the Great Depression, such as “The Securities Act of 1933” and “The Federal Reserve Act (of 1913) and others. In 1933:
Read full article... Read full article...
Thursday, August 27, 2009
British Pound in Precarious Situation, Government Debt Downgrade Coming Soon ? / Currencies / British Pound
By: Frederic_Simons
A lot has been written lately about a possible US Dollar crash. Currently, however, it looks as if a crash in the world's reserve currency has been averted for the time being. Only EUR/USD trading above 1.44 would put the US Dollar crash alert on yellow again.
Wednesday, August 26, 2009
EUR/USD - Range Bound / Currencies / Forex Trading
By: ForexPros
The pair continues to trade within a range starting a few days ago.Read full article... Read full article...
Tuesday, August 25, 2009
The U.S. Dollar is Dying / Currencies / US Dollar
By: LewRockwell
Richard Daughty writes: The Economist magazine had the Buttonwood blog titled “Law of Easy Money,” which immediately gets your hopes up that there is such a thing as “easy money,” which actually exists (just ask Connecticut’s Senator Chris Dodd!), but unfortunately not for guys like you and me who don’t have the political power and grease to extort money and skim taxpayers, which is gratuitously rude and scandalous, I agree, but which only shows the depth of my contempt for the huge, huge, cancerously huge, ridiculously and dangerously incompetent, ignorant and stupid system of governments in America, as exemplified by the despicable Congress and the even more despicable Senator Dodd.
Monday, August 24, 2009
Bottom Formation for U.S. Dollar? / Currencies / Forex Trading
By: Mike_Paulenoff
The next few days of action for the dollar index and the PowerShares DB US Dollar Bull ETF (NYSE: UUP) will be critical to the near- as well as medium-term technical outlook. The ability of the dollar to climb back towards a test of key resistance at 79.50 and 27.70/75 will tell us that the dollar in fact is “using” the month of August to create a significant bottom formation.
Read full article... Read full article...
Monday, August 24, 2009
Japanese Yen Fractal Path for the U.S. Dollar? / Currencies / US Dollar
By: Adam_Brochert
Though I keep hearing how we're different than Japan and their lost two decades of deflation (or as close to it as we seem to get in a fiat world), we are making the same foolish mistakes: protecting the financial/banking keiretsu that caused the current mess, burying the bad debt under a cloak of secrecy, and engaging in a massive quantitative easing campaign to "stimulate" the economy.
Monday, August 24, 2009
Euro Dollar Minor Support and Resistance Levels / Currencies / Forex Trading
By: ForexPros
Some minor support and resistance levels have developed. A break of those levels is likely to set the tone for the day.
Read full article... Read full article...
Monday, August 24, 2009
U.S. Dollar the Achilles’ Heel of the Worlds Financial System / Currencies / Global Financial System
By: LewRockwell
Bill Bonner writes: The dollar fell to $1.42 per euro yesterday. Many believe it is the Achilles’ heel of the entire world financial system – and Warren Buffett is among them.
Sunday, August 23, 2009
Canadian Government Economic Stimulus Threatens the Loonie / Currencies / Canadian $
By: Money_and_Markets
Bryan Rich writes: caught its cold. And the currency of this key U.S. trading partner has since become a victim of the ebb and flow of global risk appetite.
For instance, last year, when uncertainty was high and money fled to the center of the global economy, the U.S. dollar and the Canadian dollar fell sharply.
Read full article... Read full article...
Thursday, August 20, 2009
Euro Dollar Rally Stalls at Resistance / Currencies / Forex Trading
By: ForexPros
1.4260 proved to be a strong resistance level, stalling the EUR surge yesterday. Currently the pair appears to be forming a continuation pattern. But a break below 1.4180 is likely to see a further slide. Support is at 1.4150, 1.4120 and 1.4100.A move higher is more likely at this point. If 1.4260 is exceeded it indicates another move higher. Initial target is 1.4310 followed by 1.4380.
Read full article... Read full article...
Wednesday, August 19, 2009
Euro Dollar Just Above Important Support Level / Currencies / Forex Trading
By: ForexPros
The pair is currently just above an important level between 1.4130-1.4120. A drop below , especially with confirmation from penetration of 1.4100, is likely to test 1.4050. The target and support beyond is at 1.4000.
Read full article... Read full article...
Tuesday, August 18, 2009
Euro Pullback Downside Targets / Currencies / Forex Trading
By: ForexPros
There is a band of resistance between 1.4120-1.4140 which so far has held. There was a downward break from a longer term pattern yesterday, and this is the likely pullback point after the breakout.
Read full article... Read full article...
Monday, August 17, 2009
EURO DOLLAR Outlook for Today / Currencies / Forex Trading
By: ForexPros
The pair is approaching support between 1.4100 and 1.4120. A bounce off this level indicates a move higher to rest resistance between 1.4260 and 1.4280. A break above indicates another move higher and a test of further resistance at 1.4320.
Read full article... Read full article...
Monday, August 17, 2009
British Pound Rally Hits the Buffers But Sellers Should be Cautious / Currencies / British Pound
By: Seven_Days_Ahead
The Technical Trader’s view:
Sunday, August 16, 2009
U.S. Dollar Unusual Behaviour Despite Continuing Risk Taking Environment / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: Last week the U.S. reported better-than-expected employment data. And the markets liked it. Stocks rallied. Yields advanced. And the dollar actually moved higher.
A move higher in the dollar on good U.S. economic data might make perfect sense in most environments. But in this crisis environment, it’s unusual …
Read full article... Read full article...
Friday, August 14, 2009
Will NZD/USD Currency Bulls Soon Tire? / Currencies / Forex Trading
By: Seven_Days_Ahead
Continuing the theme from the last FX Update on the US Dollar Index and a possible final downleg unfolding there we look at a similar (but reversed) chart structure in NZD/USD where bulls could be steadily scraping towards the bottom of the barrel..
Friday, August 14, 2009
U.S. Dollar Bull Market Trend Forecast 2009 Update / Currencies / US Dollar
By: Nadeem_Walayat
This analysis seeks to update the existing U.S. dollar analysis of January 2009 by evaluating whether or not the U.S. Dollar bull market remains intact and to project a trend for the USD into year end. The sideways trend of the USD for the past 6 months in the wake of the "Quantitative Easing" headlines that has repeatedly brought the Dollar collapse proponents back out of hibernation on each down leg has shown little deviation from the road map of 20th Jan 09 as illustrated by the below original price chart.
Thursday, August 13, 2009
U.S. Dollar Pressure (Countdown) Toward Breakdown / Currencies / US Dollar
By: Jim_Willie_CB
The Paradigm Shift continues to displace the power centers and introduce new ones. Those bright souls who ignore the shift will be well prepared for systems that soon do not stand. The Americans are the last to know, oblivious to the global shift in progress. They continue to seek a return to normalcy, when old conditions are as gone as a baby’s innocence during teen years. The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted.
Thursday, August 13, 2009
Euro Dollar Short-term Widening Range / Currencies / Forex Trading
By: ForexPros
The pair is in a short term widening range, with bias currently to the upside. A push above 1.4250 would confirm, with a target of 1.4310. 1.4340 and 1.4380 are resistance levels beyond.Read full article... Read full article...
Wednesday, August 12, 2009
Euro Dollar Short-term Range Breakout / Currencies / Forex Trading
By: ForexPros
A rather tight range yesterday. A break above the 1.4190 indicates a short term break of the range and a target of 1.4220. The target beyond is 1.4320 if the pair continues to push higher.
Read full article... Read full article...
Wednesday, August 12, 2009
The U.S. Dollar Comes to the Rescue of Consumers / Currencies / US Dollar
By: Paul_J_Nolte
The almighty dollar has come to the rescue and just in the nick of time, as our hero – the consumer – was nearly out of cash and unable to spend to keep the giant economy moving. So the government waved their magic wand and poof a few billion dollars were created and tossed to those wanting to be ecology minded, who then traded in their big ugly vehicle for a nice new, more efficient one. Voila, not only do we have economic growth, but too the specter of employment to create these cars and all the other items the consumer will want now that the can spend again.
Read full article... Read full article...
Tuesday, August 11, 2009
EUR/USD - Continued EUR Weakness? / Currencies / Forex Trading
By: ForexPros
The EUR lost more ground yesterday dropping below support at 1.4160. That level has now become upside resistance.
A drop below the recent swing lows just above 1.4100 indicates another swing lower and a target of 1.4040. Further support is at 1.4000.
A push above 1.4170 will try to test recent swing highs at 1.4220. Target beyond this on a further rise is 1.4320.
Tuesday, August 11, 2009
Back to the Future for the US Dollar, Addendum- The Japanese Yen / Currencies / US Dollar
By: The_BullBear
This is an addendum to the recent BullBear Market Report:U.S. Dollar May Soon Confirm a Secular Bear Trap Trend Reversal
Yen Carry Trade
Read full article... Read full article...
Monday, August 10, 2009
U.S. Dollar Index the Key to Financial Market Dynamics / Currencies / US Dollar
By: Guy_Lerner
Over the next couple of weeks, I will attempt to put together an asset class road map that should help navigate the weeks and months ahead. In a nutshell, I would have to state that I like commodities over long term Treasury yields and equities, and the key driver will be the falling US Dollar Index.
Monday, August 10, 2009
EUR/ USD Set to Continue Fridays Fall / Currencies / Forex Trading
By: ForexPros
Charts are setting up for a continuation of Friday's fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000.
Read full article... Read full article...
Sunday, August 09, 2009
U.S. Dollar May Soon Confirm a Secular Bear Trap Trend Reversal / Currencies / US Dollar
By: The_BullBear
In the last BBMR we focused on the US Dollar and concluded that a major break of very long term support was imminent and that a substantial devaluation of the greenback vis-à-vis its major currency pairs and commodities was likely. It’s always healthy to revisit one’s conclusions in light of developments in the market. Recent action has caused me to reevaluate and question the bearish view on the USD and commodities as well. I think that there is a valid bullish case to be made for the Dollar as well as a bearish case for gold, silver, oil and other commodities. I will explore these views in this report.
Friday, August 07, 2009
US Dollar Index, Third and Final Bear Market Downleg? / Currencies / US Dollar
By: Seven_Days_Ahead
An earlier failed attempt to embark on a recovery phase, thwarted by a 23.6% resistance area, has seen the Dollar Index slipping lower. However, it could be that this is a final downleg…
Friday, August 07, 2009
U.S. Dollar Crash in September/ October 2009 Rumours / Currencies / US Dollar
By: Christopher_Laird
There have been disturbing stories/rumors going around that the USD is poised for a crash episode in the Fall. The stories are basically anecdotal. One suggests that US embassies have been told to gather a year’s local currency in their host country. That is one example.
Thursday, August 06, 2009
U.S. Dollar Stage #1 Breakdown, Lost Control & Economic Mythology / Currencies / US Dollar
By: Jim_Willie_CB
A great question to ask is: what was the first important chapter written in nonsensical Economic Mythology? It gave powerful intellectual protection and coverage by economists, and resulted in widespread acceptance. The answer is clearly the break in the Bretton Woods Accord, when in 1971 Nixon broke the gold standard and permitted the USDollar to float on a cloud of arrogance and on a wave of liquidity that is best described as debt mixed with counterfeit. Little known then, but better known now, is the role of the USMilitary in propping up the value and acceptance of the USDollar.
Thursday, August 06, 2009
U.S. Dollar Crash Has Started as Pressure Mounts / Currencies / US Dollar
By: Frederic_Simons
The US Dollar has shown further weakness during the last days. The support at about 78 in the US Dollar index has been breached to the downside. Technically, this means that the downside target of about 67 has been activated, and that downside momentum should be building up during the next days.
Thursday, August 06, 2009
Currency Range Trading Continues / Currencies / Forex Trading
By: ForexPros
EUR/USD
The pair continues to range after strong moves a few days ago.
Read full article... Read full article...
Tuesday, August 04, 2009
Fall Of U.S. Dollar And Recovery Of U.S. Economy / Currencies / Economic Recovery
By: EliteGlobal
On August 4, 2009 Rectangular pattern breakout happened in the EUR vs. USD at 1.43 levels and this is the critical breakout for US dollar which will lead to long term depreciation against Euro. Last week US GDP was published, the data shows that the GDP contracted by 1% for Q2 2009; indicating the recession is over and Q3 will be stabilization coupled with marginal recovery of US economy.
Tuesday, August 04, 2009
The Decline of the US Dollar in the Forex Markets / Currencies / Forex Trading
By: Andrew_Abraham
It has been a negative period for the US dollar in the Forex Markets. When we are trend following we really do not look at the fundamental back drop ,but it seems evident. Look at it this way… with all the debt taken on and more spending by Govt, it doesn’t make sense? If we personally ran our households this way, we would not be living in our households.
Read full article... Read full article...
Monday, August 03, 2009
US Dollar to Remain Dominant International Reserve Currency For Many Years / Currencies / US Dollar
By: Global_Research
Prof. Rodrigue Tremblay writes: "The empire of the dollar is crashing." Hugo Chavez, Venezuelan President
"The U.S. dollar is a worthless piece of paper." Mahmoud Ahmadinejad, Iranian President
[The U.S. dollar is] "losing its status as the world currency." Xu Jian, vice director, People's Bank of China,
Monday, August 03, 2009
EUR/USD Signals Another Swing Higher / Currencies / Forex Trading
By: ForexPros
After testing the 1.4000 level the pair made a surge to test the highs of the former range at 1.4300. A break above 1.4320 signals another swing higher. Initial resistance is at 1.4340 with targets beyond of 1.4400, 1.4450 and ultimately 1.4600 (not necessarily today).
Read full article... Read full article...
Sunday, August 02, 2009
EUR/USD Short Term Top- Selling Opportunity at Market Open? / Currencies / Forex Trading
By: Joe_Gelet
EUR/USD could retrace to 1.4190 based on the following factors:
Saturday, August 01, 2009
British Pound, What Happened to the Weakness of Sterling? / Currencies / British Pound
By: Seven_Days_Ahead
The Macro Trader’s view:
The Pound has staged a sometimes volatile recovery for much of this year. It is now far higher than the lows it reached during November and December 2008 when traders thought the UK would suffer most of the G7during the recession.
Friday, July 31, 2009
U.S. Dollar Collapse Starting Next Monday ? / Currencies / US Dollar
By: Frederic_Simons
The trading week finished with a further attack against the US Dollar, reversing a short-lived strenghening of the US Dollar that could be observed during the last two days.
Thursday, July 30, 2009
Early Reversal Signs in EUR/USD / Currencies / Forex Trading
By: Seven_Days_Ahead
Following an early July high of 1.4337 we had, for various technical reasons, adopted a somewhat speculative bear stance in EUR/USD. After an initial move down (to our first ‘profit-taking’ level) subsequent consolidative action eventually sidelined us – but now, the negative signs are creeping back again…
Thursday, July 30, 2009
Euro Breaks Below Support / Currencies / Forex Trading
By: ForexPros
The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.
Read full article... Read full article...
Wednesday, July 29, 2009
One World Currency is Inevitable / Currencies / Global Financial System
By: Christopher_Laird
I know it sounds impossible, but the world is being forced to a point of having to implement a one world currency. Or at least a one world currency among the major economies – maybe Tunisia might escape.
Wednesday, July 29, 2009
EUR vs. USD Currency Forecast Into 2010 / Currencies / Forex Trading
By: EliteGlobal
EUR vs. USD formed a rectangular pattern during July 2008 to till date and awaiting for the upside breakout at 1.44 levels. Once it breaks the 1.44 levels, US dollar will depreciate to 1.64 against euro. Due to global economic recovery, investor seeking commodities and equities rather than invest in US dollar.
Wednesday, July 29, 2009
The Forex Trading Conundrum / Currencies / Forex Trading
By: Joe_Gelet
It’s difficult to know what one can say publicly about Forex. If performance is mentioned, it should first be approved by the NFA (as should any marketing material). Comments from insiders and partners are told in trust that it will not be repeated.
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Tuesday, July 28, 2009
EUR/USD Range Trading Continues / Currencies / Forex Trading
By: ForexPros
Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed.Read full article... Read full article...
Tuesday, July 28, 2009
Why Weekly Charts are Crucial for Trading Forex Markets / Currencies / Forex Trading
By: INO
Today I'm going to be looking into why weekly charts are so important in the Forex market.
Monday, July 27, 2009
EUR/USD Range Breakout? / Currencies / Forex Trading
By: ForexPros
We are still in a range which started last Monday, and we have seen two false breakouts in that time.Read full article... Read full article...
Monday, July 27, 2009
British Pound Remains Under Threat of Another Bear Phase / Currencies / British Pound
By: Seven_Days_Ahead
As with other markets GBP/USD has been broadly consolidative during June and July, with upside attempts being successfully repelled so far. In recent FX Trading Guides we have wondered if the 30-Jun spike to 1.6744 and drop back marked a blow-off move, in preparation for a better bear phase – and we still believe this is a prospect.
Saturday, July 25, 2009
U.S. Dollar Became the World's Reserve Currency 65 Years Ago / Currencies / US Dollar
By: Pravda
The historic conference in Bretton Woods ended on July 22, 65 years ago. The members of the conference agreed to establish a system of payment based on the US dollar and established the dollar peg with gold. The conference also resulted with the establishment of the International Monetary Fund and the World Bank.
Read full article... Read full article...
Saturday, July 25, 2009
Follow the Money: EuroDollar at Critical Juncture / Currencies / Forex Trading
By: The_BullBear
After a 12% nearly vertical run to new highs in the SPX every trader and investor is asking whether the markets can continue higher or whether we are at or near a top of some kind. For some time I have been using intermarket analysis to help gauge market trend. In particular I have been tracking the relationship between the forex and equities markets and found that a "follow the money" approach is very useful.
Friday, July 24, 2009
Euro Poised to Take off! / Currencies / Forex Trading
By: Mike_Paulenoff
Purely from a technical perspective, the euro is poised to take off against the dollar. All week long, the euro has consolidated in a tight range roughly between 1.4290 and 1.4100, which resembles a Bull Flag formation readying itself for an upside thrust. If such a thrust unfolds, then we should expect EUR/USD to climb to 1.4400-1.4500 next.
Read full article... Read full article...
Thursday, July 23, 2009
Abandoned U.S. Dollar and Paradigm Shift / Currencies / US Dollar
By: Jim_Willie_CB
A paradigm shift is underway, unrecognized inside the US kettle. Its water level is falling and its temperature is rising, even as fewer foreign born cooks stir its contents. The US banking and political leaders errantly pursue a path toward a return to normalcy, when all pathways have been washed out by powerful storms that to do abate and will worsen. Several key developments point to a new global order taking shape, as the Chinese actively work to plant global seeds that result in the Yuan currency serving more of a role in global trade. They will eventually de-throne the USDollar from its primal perch. The USDollar will be used less in global trade. The US$-based assets are being diversified. These developments are gaining traction, power, and publicity.
Thursday, July 23, 2009
Towards Integration of the U.S. Dollar and the Euro into a New Global Currency / Currencies / Global Financial System
By: Global_Research
Michel Chossudovsky writes: With a view to restoring financial stability, World leaders have called upon the Group of 20 countries (G-20) to instigate a new global currency based on the IMF's Special Drawing Rights (SDRs).
The media has presented the global currency initiative as a consensus building process, in which BRIC countries (Brazil, Russia, India and China) would participate in the revamping of the international monetary system.
Thursday, July 23, 2009
US Dollar Collapse Imminent / Currencies / US Dollar
By: Frederic_Simons
We don't like to make bold predictions. But this time, it is different (famous last words).
You might have seen that we at Crossroads FX tend to trade in a very systematic way, using signals of our proprietary trading system without asking too many questions. But you know, from time to time patterns emerge where you cannot resist.
Read full article... Read full article...
Thursday, July 23, 2009
EUR/USD Trading Sideways Ahead of Upside Breakout / Currencies / Forex Trading
By: ForexPros
The pair continues to range (so far) within in a 120 pip range over the last couple of days. A breakout will eventually occur, with the bias being higher overall.
Read full article... Read full article...
Wednesday, July 22, 2009
Analyzing the Australian Dollar, Up, Down, and Under / Currencies / Forex Trading
By: Gary_Dorsch
Viewed from the outside, trading in the arcane world of foreign exchange might appear to be quite glamorous. However, attempting to anticipate the next major move in the Euro, yen, or British pound, can be injurious to one’s mental health or pocketbook, especially when schizophrenia often rules the day. Yet despite the enigma that surrounds the $4-trillion per day FX market, when staring at the weekly price charts, the outside observer will notice established and methodical price trends in the currency markets that can last for weeks, months, or even years.
Wednesday, July 22, 2009
How to Trade the US Dollar vs. Japanese Yen Video / Currencies / Futures Trading
By: INO
Today's short video is a follow-up to the video that I published on July 10th for this particular cross rate. MarketClub's "Trade Triangle" technology alerted our members of a sell signal today (7/21) and I wanted to share it with you. The video is short, to the point and shows what I expect will happen to the dollar vis-a-vis the yen in the next several weeks.
Monday, July 20, 2009
EUR Pushes Higher Against U.S. Dollar / Currencies / Forex Trading
By: ForexPros
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level.Read full article... Read full article...
Monday, July 20, 2009
China's Unfair Currency Advantage, 29% of International Reserve Assets / Currencies / China Currency Yuan
By: Money_and_Markets
Bryan Rich writes: China’s the largest country in the world by population, the third-largest economy and the third-largest exporter. It’s also the owner of over $2 trillion in foreign currency reserves.
Friday, July 17, 2009
Currency Crisis, the Yuan to go Global! Gold will Rise! / Currencies / China Currency Yuan
By: Julian_DW_Phillips
Suddenly the pressure from China to change the world’s monetary order is pressing. At the G-8 China asked for the forum to debate proposals for a new global reserve currency! They were largely ignored! China’s rising presence in the global economy [$2 trillion reserves now] and the threatening weakness of the $ is prompting China to act in this way and with speed. Not only the Chinese but the French, Finance Minister and Central Bank President called for greater currency stability and a system to avoid piling up currency reserves as we see with the $. It is clear that more and more countries are objecting to the debasement of the U.S. $ through Trade deficits and Quantitative Easing.
Friday, July 17, 2009
Fundamental Driver For the U.S. Dollar's Downfall? / Currencies / US Dollar
By: Guy_Lerner
David A. Rosenberg, chief economist and strategist for Gluskin Sheff and Associates, writes a very nice (and free) almost daily commentary about the markets and economy. I am sure many of you read Mr. Rosenberg, but if you don't, you can sign up here.
Friday, July 17, 2009
U.S. Dollar/ Yen Downside Risk / Currencies / Forex Trading
By: Seven_Days_Ahead
Last week important supports in USD/JPY were violated, swinging the directional bias in favour of shorter term bears. Now that the dust has settled we take a look at the current technical position of this market.Read full article... Read full article...
Thursday, July 16, 2009
Euro vs. the U.S. Dollar / Currencies / Forex Trading
By: INO
Today I'll be looking at the Euro versus the US dollar.
The big question is, are all the "Trade Triangles" lined up for this trade? The answer is yes, and then some. In my new video I step you through a detailed analysis of this market.
Thursday, July 16, 2009
Imminent Erosion of U.S. Dollar Seawall / Currencies / US Dollar
By: Jim_Willie_CB
The globe is losing patience with leadership and management of the USGovt ship at sea. They simple refuse to offer a credible solution to the primary keynote crack in the hull, falling housing prices and cratered mortgages, each of which work their destructive magic to wreck the banks. The home loan modifications are a farce, a travesty not designed to modify but rather to frame a series of loan forbearances. The motive for not fixing the mortgage mess is mysterious to the masses, but not here. Jackass claims have been consistent, that effective loan modifications would alter the underlying mortgage bonds drastically.
Thursday, July 16, 2009
EUR/USD and USD/JPY Pairs Trading Update / Currencies / Forex Trading
By: ForexPros
EUR/USD The pair did push above some resistance within the longer term range yesterday which indicates a push towards 1.4200 is likely.
Read full article... Read full article...
Wednesday, July 15, 2009
What's Going on With the US Dollar Index / Currencies / US Dollar
By: INO
While the US dollar was supposed to lose ground against its counter parties, the market has remained surprisingly stubborn and trapped in a sideways trading range.
Wednesday, July 15, 2009
U.S. Dollar at Risk of Unraveling / Currencies / US Dollar
By: Guy_Lerner
The Dollar Index (symbol: $DXY) is trading significantly lower this morning, and it is at risk of closing the week below three pivot points as seen on the weekly chart in figure 1.
Wednesday, July 15, 2009
EUR/USD and USD/JPY Currency Trading for 15th July / Currencies / Forex Trading
By: ForexPros
EUR/USD The pair continued it's doldrums yesterday moving in a choppy fashion once again. Being in the middle of the range this is likely to continue.
Read full article... Read full article...
Monday, July 13, 2009
The U.S. Dollar Bear Market Trend into 2012 / Currencies / US Dollar
By: Uncommon_Wisdom
Larry Edelson writes: No doubt you’ve heard about last week’s G-8 Meeting in L’Aquila, Italy. And no doubt you’re hearing a lot of sound bites from the G-8 and the media about the U.S. dollar being a very hot topic at the meeting.
To be sure, the dollar is the central topic on most leaders’ minds right now. After all …
Read full article... Read full article...
Sunday, July 12, 2009
Financial Markets Giving Key Clues on Currency Trends / Currencies / Forex Trading
By: Money_and_Markets
Bryan Rich writes: The financial markets have been highly inter-related since the current crisis unleashed fear and uncertainty starting in late 2007. And investors around the world went running for the doors … out of risky assets and into safety.
Saturday, July 11, 2009
How To Create a New World Reserve Currency / Currencies / Fiat Currency
By: LewRockwell
Gary North writes: For several months, there have been news reports of announcements by bureaucrats in China and politicians in Russia about the need for a new reserve currency to replace the U.S. dollar. One suggestion: substitute the non-currency known as the SDR (special drawing rights) of the non-governmental, non-central bank IMF (International Monetary Fund).
Saturday, July 11, 2009
Forex Trading USD vs AUD / Currencies / Forex Trading
By: INO
We are taking a trip down under today.
It has been sometime since we last looked at the relationship between the US dollar and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our "Trade Triangle" technology.
Read full article... Read full article...
Friday, July 10, 2009
What's Next for the U.S. Dollar Japanese Yen Relationship / Currencies / Forex Trading
By: INO
Today we are looking at a market we have not looked at for quite some time. I am of course referring to the Japanese Yen US dollar relationship.
The video I have just completed is less than four minutes long and it will give you a good idea as to what the next major direction will be for the dollar against the Yen.
Friday, July 10, 2009
Bull Signal in U.S. Dollar /Rand / Currencies / Forex Trading
By: Seven_Days_Ahead
In Tuesday’s FX Trading Guide we noted several bullish clues in the USD/ZAR chart. We had switched from a Bearish to Sidelined stance and now, following the gains seen this week, we are able to Go Bullish.
Wednesday, July 08, 2009
Japanese Yen, JPY Moving Higher / Currencies / Japanese Yen
By: Frederic_Simons
After having remained in a seemingly directionless trading range within the last few weeks, the price of the Japanese Yen is currently behaving in a bullish way, as evidenced by its rising prices in the last days (rising prices in the Japanese Yen Future are mirrored by falling prices in USD/JPY).
Wednesday, July 08, 2009
EUR/USD Recent Lows Hold / Currencies / Forex Trading
By: ForexPros
The pair once again tested the support area in early trading today after choppy trading yesterday.
The lows have been tested and appear to have succeeded in holding, which means the bias is upwards for today.
Read full article... Read full article...
Tuesday, July 07, 2009
How Long Can the U.S. Dollar Defy the Law of Gravity? / Currencies / US Dollar
By: Gary_Dorsch
In the midst of the longest and deepest, post World-War II recession, America’s financial position with the rest of the world has deteriorated sharply. Three decades of massive trade deficits have turned the United States from the world’s top lender to the world’s largest debtor, - and dependent upon the whims of the so-called emerging nations, laden with huge foreign currency reserves, to finance the bailout of Wall Street Oligarchs, and President Barack Obama’s social programs.
Tuesday, July 07, 2009
Forex Trading Video, Euro Vs USDollar / Currencies / Forex Trading
By: INO
Today, we are dissecting and examining one of my favorite markets ... the Forex market. The Forex market is the biggest market in the world and is traded on a 24/7 basis.
Tuesday, July 07, 2009
EUR/USD for July 7 / Currencies / Forex Trading
By: ForexPros
Push above 1.3990 would be an early signal of bullishness. A move above 1.4000 would confirm. Resistance is at 1.4020, 1.4040 and 1.4100>br>Read full article... Read full article...
Monday, July 06, 2009
U.S. Dollar Stability Choppy and Temporary / Currencies / US Dollar
By: Ashraf_Laidi
Sterling leads the list of currencies losing against the dollar and yen amid widespread expectations the Bank of England will exercise its quantitative easing expansion option by purchasing an additional 25 bln in assets without seeking govt approval. Concerted selling in emerging market bourses further elevates the risk-aversion lustre of USD and JPY.
Monday, July 06, 2009
Fiat Currencies Race To Zero Acceleration A Certainty / Currencies / Fiat Currency
By: Captain_Hook
Just when you think you have it figured out – bang – something changes. And present circumstances are no exception to this rule. Last week it appeared conditions were forming to sponsor a significant sell-off in stocks / equities this summer / fall, where a combination of sentiment and internals were moving into alignment in this regard. Not out of character in a mature market environment however, speculators stepped up put buying at expiry late last week, which has materially altered the sentiment backdrop, and correspondingly the prognosis for stocks moving forward.
Monday, July 06, 2009
EUR/USD Heading Higher? / Currencies / Forex Trading
By: ForexPros
Bias for today is higher, but a narrowing range after the steep decline near the end of last week could mean a break in either direction.Read full article... Read full article...
Sunday, July 05, 2009
Fiat Money in Death Throes / Currencies / Fiat Currency
By: Professor_Emeritus
"Banking was conceived in iniquity and born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take away that power, and all the great fortunes like mine will disappear -- as they ought to in order to make this a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create deposits." ~ Sir Josiah Stamp (1880-1941), one time governor of the Bank of England, in his Commencement Address at the University of Texas in 1927. Reportedly he was the second wealthiest individual in Britain.
Friday, July 03, 2009
Japanese Yen: Resumption of the Bull Market ? / Currencies / Japanese Yen
By: Frederic_Simons
Until the middle of 2007, the Japanese Yen was notoriously weak, as the selling of this low yielding currency was funding the purchase of higher yielding currencies, ranging from the British Pound to the Australian and New Zealand Dollar and many emerging market currencies. The so-called carry trade yielded investors the interest rate difference between what they paid for borrowing Yen, and what they earned for the investment in high-yield currencies, ie between 3 and 10 percent annually. And since the carry trade was mostly done at a high leverage, the carry trade became a fantastic cash-cow during the days of easy money and complacency.
Friday, July 03, 2009
Temporary Bounce in EUR/GBP Now Possible / Currencies / Forex Trading
By: Seven_Days_Ahead
A few weeks ago a long term 38.2% support in EUR/GBP was violated, adding weight to the medium term bearish argument that we have been favouring. However, without this view being threatened, there is a decent chance for a shorter term bounce, subject to a certain resistance yielding.
Wednesday, July 01, 2009
EUR/USD for July 1 / Currencies / Forex Trading
By: ForexPros
The pair is currently in a 55 pip range. A sustained break above 1.4055 would indicate a target of 1.4110 and beyond that 1.4150.Read full article... Read full article...
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