Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, June 15, 2016
EUR-USD : Strong Jobs Numbers Suggest Fed Reluctance to Raise US Interest Rates / Currencies / US Dollar
By: Submissions
Options Shark writes: In spite of currently dismal employment numbers, Janet Yellen, Federal Reserve Chair, has announced that federal interest rates will increase. Economists expect to see changes as late as September or July of this year; some believe the rate could be raised as much as twice. Prior to December, the federal interest rate was a steady 0% for the previous seven years; the current rate is 0.5%. The raise in December was monumental after the economy steadily climbed thanks to the central bank’s decision to lower the rate to zero.
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Wednesday, June 15, 2016
Bitcoin Price Close to $700 / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Bitcoin is on the move up. New “reasons” are being dug up for the appreciation. In a Bloomberg article, we read:
Bitcoin surged to a two-year high amid expectations supply of the digital currency will shrink next month.
The cryptocurrency rallied to $696.5 on Monday in Hong Kong, the highest since February 2014, according to data compiled by Bloomberg. It was trading at $689.23 as of 3:50 p.m. in Hong Kong, up 19 percent from Friday.
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Wednesday, June 08, 2016
Fed Stance Likely to Pressure US Dollar, GBP Chart View / Currencies / US Dollar
By: Richard_Cox
Financial markets always have an overriding story and if we look at the news headlines that have been generated over the last few months, we can see that the focus is once again back on the Federal Reserve. Market opinions are still sharply divided: If incoming data is consistent with labor market conditions strengthening, an interest rate hike could be foreseen sooner than we think.
Wednesday, June 08, 2016
USDCAD Set To Resume Bear Rally / Currencies / Canadian $
By: Austin_Galt
The USDCAD looks just about ready to head back up which will be the next leg of the bear rally that commenced in early May 2016. Let's check out the action using the weekly and daily charts.
Tuesday, June 07, 2016
Bitcoin after Nonfarm Payroll Data / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Bitcoin is on the move up and this is the most prominently featured piece of news as far as the digital currency is concerned. On CoinDesk, we read:
Petar Zivkovski, director of operations at bitcoin trading platform Whaleclub, told CoinDesk that in his view, this correlation with the yuan is being used to sell headlines, and that it may not paint a portrait of what is happening on the ground.
"The theory that the Chinese are buying bitcoin due to yuan devaluation is a nice story to tell, but is in our view incomplete,” he told CoinDesk, adding:
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Friday, June 03, 2016
US Dollar Crashes, Gold And Bitcoin Skyrocket As Economic Recovery Lie Is Exposed / Currencies / US Dollar
By: Jeff_Berwick
It’s going to be a long weekend for those holding stocks and believing in the “recovery” lie.
Today, the US government released its jobs report and the market was expecting an additional 200,000 jobs were added in May. Instead, the number came in at a paltry 38,000.
One analyst, Naseem Aslam of Think Forex UK said, “The U.S. nonfarm payroll data was crazy and completely unbelievable and this is the last set of important data before the Fed meeting. When you look at the data set, it really boggles your mind because the unemployment rate has ticked lower. The productivity picture is even more confusing as it is not increasing.”
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Thursday, June 02, 2016
Dollar Bubble: The Three Reasons The US Dollar Will Soon Crash / Currencies / US Dollar
By: Jeff_Berwick
The Dollar Vigilante’s Senior Analyst, Ed Bugos, is a genius… but he’s also somewhat of a recluse.
While we have gotten access to his incredible written insights for the last six years in The Dollar Vigilante newsletter, he has always shied away from the public spotlight. Until now!
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Wednesday, June 01, 2016
British Pound Climb Continues Despite Brexit Anxiety Driving GDP Growth to Lowest in Years / Currencies / British Pound
By: AnyOption
While the Pound has recently shrugged off a further tapering in the economy, Brexit fears continue to define the economic climate as evidenced by decelerating household spending and falling business investment. As the vote draws nearer, the economic data is likely to show that the anxiety is becoming more acute, with an even deeper pullback in fundamental activity anticipated. Current forecasts are showing growth retreating even further to a 0.30% pace for the second quarter, a figure that could easily be lower based on the sluggish attitude of consumers and businesses as they await the outcome. In the meantime, the Pound continues to be sensitive to the polling, with expectations of a “Bremain” vote driving the Pound higher, despite the obvious risks to the outlook that could sharply reverse the existing momentum.Read full article... Read full article...
Monday, May 30, 2016
Bitcoin Price Skyrockets And Is Now Up More Than 100% This Jubilee Year / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has risen more than 25% in the last week, from near $430 to a high over $545 today.
Friday, May 27, 2016
The Global Currency Reset and the Gold Backed Yuan / Currencies / China Currency Yuan
By: Mario_Innecco
hi it's Friday May 27th 2016 this is an echo 64 the home of alternative
economics and contrarian thinking this morning I'm going to be talking about
currency or economic and global reset that these are terms that are especially
the last two years of pop pop top on the Internet alternative media even in the
mainstream media and also be talking about a gold-backed you want which is
something you hear about all the time you know in the alternative media
especially not in the are not in the mainstream media and have to go back to
like 2015 I think it was April 2015 Christine Lagarde president or head of
the IMF made a speech and she said we're facing global economic recession and
Tuesday, May 24, 2016
Bitcoin Trading Alert: Bitcoin Price Stays below $450 / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
Bitcoin has enjoyed a spell of decreased volatility which has led some commentators to draw parallels between the currency and other asset classes, gold being an example. On the Wall Street Journal website, we read:
In April, volatility in bitcoin’s price fell below that of gold for 28 consecutive days, the longest period in its history. Bitcoin volatility also briefly dropped below that of another flight-to-safety trade, the Japanese yen, according to data from FactSet and CoinDesk.
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Monday, May 23, 2016
Can The British Pound Turn Around? / Currencies / British Pound
By: Richard_Cox
Broad trends in currency markets have been somewhat subdued for most of the year. There are few different reasons to explain why we are seeing this type of activity but it is important to look ahead in order to determine which factors are likely to present themselves during the second half of this year. Most of the recent activity has been centered on the Federal Reserve and monetary policy implications for the US Dollar. But when we are looking for oversold currencies that are basing themselves for strongly bullish runs, one of the best options in the market just might be the British Pound (GBP).
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Monday, May 23, 2016
Japan and US at G7 – Agree to Disagree / Currencies / Japanese Yen
By: Dan_Norcini
The big Pow-Pow taking place in Japan with the G7 ( Group of Seven) finance ministers yielded what most of us already expected – no agreement whatsoever.
I found Japanese Finance Minister Taro Aso’s remarks quite revealing. His view is that the recent movements in the Yen have been “excessive”. “The movement seen over the past several weeks can’t be described as ‘orderly,” he noted.
He noted that “one-sided, speculative trades” have been behind some of the move higher in the Yen. The Japanese find such things undesirable.
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Saturday, May 21, 2016
Will Venezuela Be Forced to Embrace the US Dollar? / Currencies / Venezuela
By: MISES
Daniel Fernández Méndez writes: The country of Venezuela is dangerously approaching hyperinflation. At 2015’s year-end, official figures had yearly inflation at or above 180 percent (some private sector sources estimated it at 330 percent). The technical definition of hyperinflation is when inflation is at 50 percent or more per month, meaning that Venezuela is not yet at this point, but does seem to be approaching at an accelerated pace. The South American country finds itself with inflation rates at their worst in its history (1996 saw 103 percent yearly inflation) and the highest in the world (Ukraine is second with 50 percent yearly inflation).
Saturday, May 21, 2016
Danish Central Bank Stumbles with Its Currency Peg to the Euro / Currencies / Fiat Currency
By: MISES
Uffe Merrild writes: Denmark has been mentioned a few times during the American election campaign by Democrats who favor larger government and high redistribution of income, but also pundits like Paul Krugman have written about Denmark in his October 19th column at The New York Times. Fortunately most of his fiscal and general economic Keynesian points have been refuted in Episode 6 of Contra Krugman by Thomas Woods and Robert Murphy. But, some points regarding monetary policy need attention as well.
Friday, May 20, 2016
Why We Don’t Need a Gold Standard; there is a better alternative / Currencies / Fiat Currency
By: Sol_Palha
A highbrow is the kind of person who looks at a sausage and thinks of Picasso. - A. P. Herbert
The first reaction from the hard money camp would be to state we are insane or that we longer value hard money. Taking that line of thought would only set you on the wrong track; we are not against hard money or are the Gold standard. However, most of those in the hard money camp have a hard time dealing with reality. The reality is that very few even understand this concept and even fewer would be willing to embrace it. In the end, it’s the masses that determine if whether or not a new trend, fad or rule will be embraced or not. Have the masses done anything other than occasionally complain about how prices are rising? Did they embrace the Gold bull market from 2002-2011? Most of them focussed on the crash aspect and not the fact that Gold had soared significantly higher than it was back in 2002 despite the strong pullback? The answer on all fronts is no; to understand why no good deed goes unpunished, or why the masses will crucify you if you try to alter their mindset, watch Plato’s allegory of the cave. It provides a very simple and clear look into the mass mindset.
Wednesday, May 18, 2016
Precisely Wrong on US Dollar, Gold? / Currencies / US Dollar
By: Axel_Merk
Since the beginning of the year, the greenback has shown it's not almighty after all; and gold - the barbarous relic as some have called it - may be en vogue again? Where are we going from here and what are the implications for investors?
Wednesday, May 18, 2016
Bitcoin Price Remains above $450 / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
Banks are looking into the possibility to come up with their own versions of Blockchain. At the same time, none of these emerging solutions are as tested in real life as Bitcoin itself. So, the Bitcoin network has its advantages, even if you are not a Bitcoin believer. On the Bitcoin Magazine website, we read:
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Tuesday, May 10, 2016
Bitcoin Price Space for Move up Limited / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
A Swiss town is now embracing Bitcoin in an experimental move, we read on the Engadged website:
Most experiments in paying with digital currencies have come from private companies, but the Swiss town of Zug is trying something different. As of July 1st, the community is launching a trial that will let you pay for public services using Bitcoin -- as long as you're shelling out the equivalent of 200 francs ($206 US) or less, you can skip old-fashioned money. The trial will run through the rest of 2016, though whether or not it lives beyond that depends on the town council's findings.
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Tuesday, May 10, 2016
Yen Strength Sends AUDJPY Towards Multi-Year Lows / Currencies / Austrailia
By: AnyOption
Sustained inaction from the Bank of Japan combined with another round of loosening by the Reserve Bank of Australia has seen the AUDJPY continue to tumble, trending back towards multi-year lows reached back in February during the risk-asset rout. With Central Banks eagerly waiting on the Federal Reserve to act in order to alleviate pressure on local currencies, risk assets are likely to continue tumbling despite the extreme policies implemented by certain institutions. However, with the BoJ not forecast to move on policy short-term and the RBA maintaining its accommodative stance, the stage is set for further losses in the AUDJPY pair as risks to the outlook mount. Barring another round of direction intervention in the Yen from the BoJ, the current trend in the pair is likely to prevail over the medium-term amid worsening external conditions. Read full article... Read full article...