Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, April 06, 2016
Currency Wars, The Truth About Currency Devaluation, Why They Fail / Currencies / Currency War
By: Steve_H_Hanke
In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade advantage. As he put it to the Financial Times, “we’re in the midst of an international currency war, a general weakening of currency. This threatens us because it takes away our competitiveness.”
That was then. Now the Brazilians are conspicuously silent, because the shoe is on the other foot. The Brazilian real has lost a whopping 25% against the RMB since January 2015. The currency wars continue and are every bit as intense as they were back in 2010, when Mantega coined the phrase.
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Wednesday, April 06, 2016
Forex Trading Alert: EUR/USD – Time for Correction? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, official data showed that German factory orders dropped by 1.2% in Feb, which weighed negatively on investors’ sentiment and pushed the euro lower against the greenback. As a result, EUR/USD slipped under the Feb high. What does it mean for the exchange rate?
In our opinion, the following forex trading positions are justified – summary:
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Sunday, April 03, 2016
Canadians Switch Out of Canadian Dollars Into U.S. Dollars Now!!... / Currencies / Canadian $
By: Clive_Maund
As a Brit I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the time to "put your money where your mouth is" when it comes to admiring the Yanks, by changing your Canadian dollars immediately into US dollars, the prime reason being that the Canadian looks set to drop after a big rally from mid-January, while the US dollar looks set to surprise by rallying away from the danger zone of the support around 93 on the dollar index.
Friday, April 01, 2016
Bitcoin Edging Towards Declines / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
If you have been wondering what kinds of applications there might be for Bitcoin on Wall Street, apart from settlement work, a new idea has been just highlighted. In an article on the Wall Street Journal website, we read:
Read full article... Read full article...Depository Trust & Clearing Corp., a firm at the center of Wall Street's trading infrastructure, is about to give the technology behind bitcoin a big test: seeing whether it can be used to bolster the $2.6 trillion repo market.
Friday, April 01, 2016
Forex Trading - EUR/USD Increases – What About USD/CAD? / Currencies / Euro
By: Nadia_Simmons
Yesterday, the greenback moved sharply lower against the Canadian dollar despite bullish ADP report and declining crude oil prices as sentiment on the U.S. dollar remained weak after Janet Yellen’s speech. As a result, USD/CAD dropped under important support line. How low could the exchange rate go in the coming days?
In our opinion, the following forex trading positions are justified – summary:
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Wednesday, March 30, 2016
What Currency Has the Highest Purchasing Power? / Currencies / Fiat Currency
By: BATR
Establishment economists are the first vindicators that having a weak currency is essential to foster international trade. The utter absurdity that a nation can prosper when their coin of the realm buys less is inherently illogical. Yet, for the globalists, maintaining the myth that promoting exports in a system that is designed around transporting our domestic manufacturing capacity overseas is intellectually incongruent. So what is the essential argument for having a strong currency?
Tuesday, March 29, 2016
Currency Wars, the Devaluation Delusion / Currencies / Currency War
By: Steve_H_Hanke
In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade advantage. As he put it to the Financial Times, “we’re in the midst of an international currency war, a general weakening of currency. This threatens us because it takes away our competitiveness.” Read full article... Read full article...
Friday, March 25, 2016
Fiscal and Monetary Madness / Currencies / Fiat Currency
By: DeviantInvestor
Global Currencies Madness:
When central banks and politicians “manage” global currencies, we can expect:
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Friday, March 25, 2016
EUR/USD Likely to Fall Back Below 1.10 / Currencies / Euro
By: Richard_Cox
The EUR/USD has fallen under the radar in recent weeks, as overall volatility in the currency space as slowed significantly. There are a few different reasons for why this is happening, as recent central bank statements have clarified what we are likely to start seeing from both the US Federal Reserve and the European Central Bank (ECB). To some extent, we are seeing dovish alterations in many of the previous expectations that most analysts had for both central banks. So, it would not be entirely surprising to see some accompanying trend changes in the weeks ahead.
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Thursday, March 24, 2016
US Dollar Rebound Spells Further Downside for the Kiwi Dollar / Currencies / Forex Trading
By: AnyOption
With rhetoric for US rates hikes ramping higher while other advanced economies across the globe consider the merits of additional accommodation, the US dollar has found itself on the mend after several weeks of softness. Even though US macroeconomic data has been mixed and at times disappointing, first quarter growth is projected to be strong, paving the way for additional tightening while countries such as New Zealand contemplate lowering benchmark rates even further. Read full article... Read full article...
Wednesday, March 23, 2016
Two Short-Term Forex Market Trading Strategies That Can Make You Money / Currencies / Forex Trading
By: Nicholas_Kitonyi
There is much debate amongst experts about whether a buy-and-hold strategy or active short-term trading will earn you higher returns in the long run. There are numerous stories about people successfully turning a few thousand dollars into over a million dollars, by sitting at home in front of their computers and actively trading the market every day. On the other hand, many financial experts believe that buy-and-hold is the way to go as the majority of actively managed funds do not outperform their benchmark indices.
Wednesday, March 23, 2016
GBP/USD - Currency Bears in Charge / Currencies / British Pound
By: Nadia_Simmons
Earlier today, official data showed that the U.K. rate of consumer price inflation increased by 0.3% in Feb, missing analysts' forecasts. Additionally, although month-over-month consumer prices rose by 0.2% in the previous month, the data disappointed market participants, which pushed GBP/USD under 1.4300. How low could the pair go in the coming days?
Tuesday, March 22, 2016
Bitcoin Trading Alert: $400 Level Becoming More Important / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515
It has been known for some time that Bitcoin transactions are not really anonymous. Now, a company focused on Blockchain surveillance has received significant venture capital funding, we read on The Telegraph website:
Read full article... Read full article...A British technology company that attempts to fight crime by spotting suspicious Bitcoin deals has raised $5m (£3.5m) as banks and regulators begin to take the blockchain technology that backs up the virtual currency seriously.
Friday, March 18, 2016
GBPJPY And EURGBP Elliott Wave Analysis / Currencies / British Pound
By: Gregor_Horvat
GBPJPY
On the intraday chart of GBPUSD, we are looking at a possible three wave structure, labeled as A-B-C, that started from recent highs at 164.098 region, and is now trading midway through it's completion in wave B. That said wave B could be near finished, as price is unfolding near 61.8 fibo. ratio measured from wave A highs. The ideal turning point into lower levels would then be around 161-162.40 area.
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Thursday, March 17, 2016
Forex Big Reaction to Little Action / Currencies / Forex Trading
By: Nadia_Simmons
Yesterday, the Fed announced that it had decided to leave the interest rates unchanged. However, this doesn't mean that nothing changed. There was something that the Fed said that altered the outlook.
What was it? The Fed now signals two rate hikes in 2016 instead of four. Some investors even say that the Fed's tightening cycle is over. Either way that's a bearish piece of information for the USD Index, so yesterday's move lower in it may (!) be followed by a few additional daily downswings (and it appears that we are seeing one now).
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Thursday, March 17, 2016
US Dollar Important Chart / Currencies / US Dollar
By: Rambus_Chartology
Last week I showed you this potential H&S top forming on the USDU which is a more evenly balanced index for the US dollar which actually trades as an ETF.
http://www.wisdomtree.com/etfs/fund-details-currency.aspx?etfid=91
I built this chart using a line chart and then leaving the trendlines in place I converted to a bar chart. As you can see it has been backtesting the neckline for the last week or so along with the 200 dma. This chart shows a reversal pattern which sets up a downtrend of some kind. This is an important development.
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Wednesday, March 16, 2016
U.S. Dollar Outlook: Peak Dollar? / Currencies / US Dollar
By: Axel_Merk
Is the dollar's seemingly relentless rise in recent years coming to an end? What are the implications not only for the greenback, but other currencies and markets around the world?
Wednesday, March 16, 2016
USD/JPY - Short-term Consequences of Long-Term Resistance / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the Bank of Japan kept interest rates unchanged at -0.10% which pushed the yen higher against the greenback. What does it mean for USD/JPY?
In our opinion, the following forex trading positions are justified - summary:
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Tuesday, March 15, 2016
Bitcoin Price Not Far from $400 / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
Microsoft has dropped Bitcoin from its Microsoft Store, we read on the Fortune website:
Back at the end of 2014, Microsoft started allowing many people to pay money into their accounts using bitcoins. However, it has now quietly removed the option.
The change applies to both Windows 10 and Windows 10 Mobile, meaning people won’t be able to top up their balances with bitcoins in order to buy games, music and so on.
It’s not clear why Microsoft has suddenly gone cool on Bitcoin, but it is worth noting that it never went all in — the feature never saw a wide geographical rollout, and Microsoft never accepted bitcoin for its own products and services.
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Saturday, March 12, 2016
US Dollar Strength is a Manifestation of US Dollar Shortage / Currencies / US Dollar
By: Gordon_T_Long
FRA Co-Founder Gordon T.Long and Jeffrey Snider, Head of Global Investment Research at Alhambra Investment Partners discuss a broad array of Global Macro subjects in this 48 minute video discussion with supporting slides.
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. Jeff joined Atlantic Capital Management, Inc., in Buffalo, NY, as an intern while completing studies at Canisius College. After graduating in 1996 with a Bachelor’s degree in Finance, Jeff took over the operations of that firm while adding to the portfolio management and stock research process.
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