Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, January 18, 2017
Long USD... Another Crowded Trade / Currencies / US Dollar
By: Anthony_Cherniawski
I just sent out a reference from ZeroHedge on the unusual number of VIX shorts there are. In other words, a very crowded trade.
That reminded me that an even more crowded trade is the USD longs.
ZeroHedge had this to say, “Until last night's Trump statement that the US dollar is overvalued, it was smooth sailing for Wall Street's momentum chasers, who happily piled into what until recently was Wall Street's most crowded trade. How crowded?
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Tuesday, January 17, 2017
Chinese Currency Manipulation Could Become A Global Problem in 2017 / Currencies / China Currency Yuan
By: John_Mauldin
This is going to be a pivotal year for China. We will see if it can levitate another year or whether it falls back to Earth in 2017. My base case is that they continue the levitation act, but we are going to see an increase in volatility.
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Monday, January 16, 2017
China RMB Currency Interventions Paving Way for Reforms / Currencies / China Currency Yuan
By: Dan_Steinbock
Recently, Chinese renminbi has depreciated substantially. In the short-term, interventions will prevail; in the longer-term, the currency will stabilize.In the past quarter, Chinese renminbi (RMB) decreased by 4%, which is significantly faster than anticipated, due to rising tensions in foreign-exchange markets over China’s rising debt and bubbling property markets. China has managed to stabilize growth, but not without capital controls, hefty lending and decisive interventions.
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Saturday, January 07, 2017
Sell those Euros. Sell'em / Currencies / Euro
By: EWI
How do you know a real FX opportunity from a fake one?
Late last Thursday night (Dec. 29), I got an insistent email from a colleague.
Jim Martens, long-time editor of our forex-focused Currency Pro Service sent me this message with only a subject line:
-------- Original message --------
From: Jim Martens
Date: 12/29/16 9:16 PM (GMT-05:00)
To: Vadim Pokhlebkin
Subject: Sell those euros. Sell'em
Friday, January 06, 2017
Bitcoin Pulls Back After Massive Price Increase / Currencies / Bitcoin
By: Jeff_Berwick
In the last month, bitcoin continued its rise, from $763 to a high of $1,153 yesterday.
Then it fell dramatically on Thursday to a low of $953 on Coindesk and has since been hovering in the $1,000 area.
All of this comes just days after the 8th anniversary of the first piece of the blockchain, known as bitcoin’s “Genesis Block” which was mined by the pseudonym known as Satoshi Nakamoto on the 3rd of January, 2009.
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Thursday, January 05, 2017
China Attempts to Crush Yuan Shorts / Currencies / China Currency Yuan
By: Anthony_Cherniawski
Yuan shorts suffered a bone crushing short squeeze over the course of this week after it hit an expected Master Cycle low on December 29. The retracement hit Intermediate-term resistance at 23.60 yesterday. Currently CYB is hovering in that zone.
CYB may go higher, but it cannot rally beyond the bottom of Wave 1 at 24.24. If it goes higher, the likely target appears to be the 50-day Moving Average at 23.74.
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Thursday, January 05, 2017
Chinese Yuan: "Manipulated" Currency Does NOT Mean "Unpredictable" / Currencies / China Currency Yuan
By: EWI
"...markets are bigger than governments."
This year's U.S. presidential election brought into focus one market you don't hear about often: the Chinese yuan, or renminbi.
"Donald Trump has been telling us all for a long time now that China is a currency manipulator. It's part of his plan for his first 100 days in office to get on with making sure that China is legally declared to be such a currency manipulator and thus start the process of doing something about it.
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Tuesday, January 03, 2017
US Dollar – The Big Picture / Currencies / US Dollar
By: Submissions
The U.S. dollar index (DXY) continues to strengthen following very positive long-term bullish price behavior. Although retracements will be seen in the short-term, upward pressure should remain for some time.
Classic bullish trend continuation price behavior:
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Monday, January 02, 2017
Bitcoin Price Breaks Above $1,000 On First Day of 2017 / Currencies / Bitcoin
By: Jeff_Berwick
In the first hours of 2017, bitcoin has surpassed the $1,000 USD mark.
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Sunday, January 01, 2017
Is China About to Demand the US Dollar Lose Reserve Currency Status? / Currencies / US Dollar
By: Graham_Summers
The biggest issue in the financial system… the issue that CNBC is completely avoiding… and 99% of professionals are ignoring is the US DOLLAR.
The US Dollar has ripped to 103.
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Saturday, December 31, 2016
Bitcoin and Friends in 2017 / Currencies / Bitcoin
By: Submissions
Greetings from Planet Krypto. We are the real deal, long-timer cryptographic-currency geeks; and today I’m gonna interview me, because I know what questions to ask. Please pardon the over-simplifications:
One: will Bitcoin continue to rise in price?
Yes, because consciousness of the deterioration of fiat currencies is growing. Three years ago, the notion that macroeconomic events would ultimately be the primary price-driver of cryptocurrency prices was almost unheard of. It’s now a no-brainer.
[And the Winklevoss Bitcoin ETF? Nooo era! Feel free to ask me.]
Saturday, December 24, 2016
Bitcoin Breaks Out To New All-Time Market Cap Highs…How High Can It Go? / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has had quite a month, rising from $725 to a high of $911 today.
Friday, December 23, 2016
Chinese Yuan: "Manipulated" Does NOT Mean "Unpredictable" / Currencies / China Currency Yuan
By: EWI
"...markets are bigger than governments."
This year's U.S. presidential election brought into focus one market you don't hear about often: the Chinese yuan, or renminbi.
"Donald Trump has been telling us all for a long time now that China is a currency manipulator. It's part of his plan for his first 100 days in office to get on with making sure that China is legally declared to be such a currency manipulator and thus start the process of doing something about it.
"The problem with this is that China really is a currency manipulator. But they're manipulating the value of the yuan up, not down. Thus returning it to the correct free market value isn't going to have the desired effect of closing America's trade deficit with China." (Forbes, Nov. 13.)
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Wednesday, December 21, 2016
Bitcoin Price Above Resistance / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
If you’re wondering how Bitcoin-based systems might influence the stock market, Overstock has just given you an example. In an article on CoinDesk, we read:
Online retailer Overstock.com has closed the first-ever Series A preferred funding round with shares sold on a blockchain.
Of the total $10.9m raised from existing shareholders, about $1.9m was raised via shares traded on the tØ blockchian platform developed by Overstock.com subsidiary Medici.
Monday, December 19, 2016
Chinese Yuan's Day of Reckoning / Currencies / China Currency Yuan
By: Michael_Pento
China's economy and markets have been defying the laws of economics since 2009. Amid a worldwide financial crisis during that year, they managed to grow their economy by 8.7%. But that growth was fueled by a $586 billion dollar government stimulus package, which was followed by an additional $20 trillion dollars in new construction spending over the next seven years.
China's economy became the envy of the world as the economy expanded through the edict of government to build massive cities that were mostly vacant. In fact, estimates are that 52 million homes in China are currently vacant and 90% of those empty units were purchased for investment purposes.
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Saturday, December 17, 2016
From Unloved & Unwanted to George Washington on Steroids: The U.S. Dollar / Currencies / US Dollar
By: EWI
From Unloved & Unwanted to George Washington on Steroids: The U.S. Dollar
Chart of the Day
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Friday, December 16, 2016
The War on Cash Rages On in India and Venezuela / Currencies / War on Cash
By: Jeff_Berwick
Imagine you roll out of bed tomorrow to find out that US $100 and $50 bills were outlawed and deemed worthless? Hard as it is to believe, this is now taking place in both Venezuela and India.
It’s a war on cash. And it’s coming soon to your doorstep.
This past Sunday, President Maduro, the tyrannical leader of the socialist paradise of Venezuela gave a three day warning that he was eliminating his country’s 100 bolivar bank note.
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Wednesday, December 14, 2016
War on Cash Spreads to India / Currencies / War on Cash
By: John_Browne
Over the past year, central banks, commercial bankers and prominent economists have expressed the view that digital money and transfers should replace large denomination cash and cash transactions. This dramatic transition has been fostered under the guise of the public interest in an effort to curb terrorism, tax evasion and criminal activity. Many observers contemplate more sinister motives that involve increased government control of economic activity. The latest country to engage in this 'war on cash' is India.
Wednesday, December 14, 2016
Forget about Fake News – Worry about Fake Money / Currencies / Fiat Currency
By: MoneyMetals
Post-election airwaves and publications today are filled with bad news, good news, and fake news.
The bad news is ‘fake news’ is very real. The good news is fake news is nothing new. The even better news for gold and silver stackers is they have learned to live with decades of fake news about sound money.
You already know all about fake news. It used to go by other names – lies, propaganda, false advertising, and brainwashing, to name a few. Now we can add polling results and agenda-driven predictions to that list.
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Monday, December 12, 2016
Euro Crisis and Contagion Almost Certain In 2017 / Currencies / Eurozone Debt Crisis
By: GoldCore
A euro crisis and contagion is almost certain in 2017, Irish economist and writer David McWilliams has warned:
Read full article... Read full article...“It is almost certain that there will be another euro crisis in 2017. The last time we had a euro crisis, the focus of attention was Greece; today the vortex is Italy.