Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, June 24, 2015
When the Tide Turns Into Cash / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
Here comes the “Better than Cash Alliance”.
So unless they can find a way to exempt themselves from this madness it will die in Congress.
The tighter they grip it, the more sand falls through their fingers.
Whistling past the graveyard for as long as they can, "living in the aborted moment". This will never work for simple reason.
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Tuesday, June 23, 2015
Bitcoin Price Stays below $250 / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Barclays is interested in the Bitcoin technology and has partnered with a Bitcoin exchange to explore blockchain technologies, we read on CoinDesk:
Barclays has signed off on a proof-of-concept to trial bitcoin technology.
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Tuesday, June 23, 2015
Euro Bourses and Euro Currency's Inverse Relation Still In Play / Currencies / Euro
By: Ashraf_Laidi
The euro-Dax-bunds relationship continues in full swing, led by a rallying Dax (and rest of Eurozone bourses) resulting from the most notable steps taken by Greece towards reaching a deal with creditors in four months.
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Monday, June 22, 2015
Euro Uncertainty Reflected in COT Report / Currencies / Euro
By: Dan_Norcini
First of all, Happy Father's Day to all you Dads out there. There is no greater or fulfilling calling in life than being a dad. Everything else pales in comparison.
Secondly, Dad's must make a living to provide for their family and that forces us back to the reality of dealing with the markets and trying to get a read on what is driving what and WHY.
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Sunday, June 21, 2015
The Twilight of Cash? / Currencies / Fiat Currency
By: Andy_Sutton
Many decades ago you could walk into almost any bank with a bundle of cash and exchange it for a predetermined amount of gold and/or silver. Cash was used because of its portability, light weight, and the confidence of the citizenry that it was as good as gold. I’m sure you already know where this is going. Fast forward to present day and look around you at the plight of cash. It is now redeemable for nothing, is essentially worth nothing, has zero intrinsic value, and despite ludicrous measures, is rather easily counterfeited. So the question I’m going to pose is this: Why oh why would banks, the USGovt, and the global establishment want to outlaw and abolish something that is already a proxy for slavery and servitude? The dollar (and all paper currency for that matter) has already fulfilled its predestined purpose. A dollar buys a nickel’s worth – quite literally – and still people will break their backs, sacrifice their families, and even take the life of another all in the pursuit of pieces of paper. Why is the establishment so against cash?
Friday, June 19, 2015
The Tragedy of the Euro / Currencies / Euro
By: Arkadiusz_Sieron
The gloomy economic situation of Greece has been the topic of many Gold News Monitors – we wrote recently about it here and here, but also in the February Market Overview dedicated to European turmoil from the beginning of this year. It is high time to analyze more thoroughly the relationship between Greece’s debt crisis and gold. But first we must examine the institutional foundations of the Eurozone and its currency, as they not only did not prevent, but actually encouraged imprudent Greece’s fiscal policy, which led to the current crisis.Read full article... Read full article...
Friday, June 19, 2015
Is Bitcoin Price About to Move? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Yesterday, we wrote about how the recent hype about Bitcoin rallying "because" of Greece might be overstated and that finding a real "reason" behind a given move is extremely hard if not impossible. Today, read yet another piece on how Bitcoin can shift things around for Greece:
Read full article... Read full article...As Greece stumbles toward capital controls, bitcoin is once again proving its disruptive power within the global financial system.
Thursday, June 18, 2015
The Importance of RMB Currency Internationalization / Currencies / China Currency Yuan
By: John_Mauldin
For the last four years, I have been highlighting the idea that when Beijing floats the renminbi, the currency may go down, not up, which is the exact opposite of what those who accuse China of currency manipulation believe would happen. I had this very argument with Lindsey Graham two weeks ago at a small dinner in New York, where I listened politely to his positions on a variety of topics until he began talking about currency manipulation. Given that the preceding topic had been the Federal Reserve, and considering that the rest of the world considers the quantitative easing that the Fed did to be the epitome of currency manipulation, I found that I couldn’t sit still; and we engaged in a very, let’s call it intense, back and forth. To the Senator’s credit, and my surprise, after dinner he came over and asked if I would visit him in New York, which is now on my short list of things to do.
Thursday, June 18, 2015
USD Rally at Critical Levels / Currencies / US Dollar
By: Ashraf_Laidi
One way of grasping the latest tumble in the US dollar is to think of the following:
As expectations of a 2015 Fed hike grew increasingly cemented in the market, traders demanded a higher bar of positive US data performance, especially as macro-normalisation in Europe transitioned into outright progress. Not only most US figures failed to show a sufficient upside surprise since end of April, but business surveys and inflation data from Europe revealed evidence of progress from the ECB's QE program.
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Tuesday, June 16, 2015
USDJPY Rare 40-Month Cycle / Currencies / Japanese Yen
By: Ashraf_Laidi
While markets' attention is placed on the latest rumour from German tabloids and the habitual Greek denials, let's focus on the other USD pair.
When USDJPY hit the 125.86 high earlier this month, it was its highest level since June 2002. The 65% climb from the February 2012 lows of 76.03 lasted took 40 months to occur, matching the duration of the 85% rise from April 1995 low to this month's high.
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Friday, June 12, 2015
Bitcoin Price Stands Still but Will It for Long? / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
In an article on International Business Times, a former MasterCard employee turned Bitcoin company manager offers some comments on how credit card companies respond to the Bitcoin technology. We read:
In an interview with IBTimes UK, Roelants [Marcel Roelants, general manager in Europe for BitPay, who also worked for MasterCard for five years] made reference to Visa's V.me digital wallet and its opposite number at MasterCard, MasterPass: "They come with solutions that are inside out technology driven. I heard from a lot of merchants integrating features of V.me and MasterPass is a nightmare.
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Thursday, June 11, 2015
Japanese Yen – Is Kuroda trying to talk it up? / Currencies / Japanese Yen
By: Dan_Norcini
Last night in the Asian trading session, Bank of Japan Governor Kuroda made some remarks, which I found rather unusual.
Here is the actual quote:
“Once an increase in the U.S. interest rate is priced into the market, the actual action won’t necessarily lead to a further rise of the Dollar again the Yen”.
Wednesday, June 10, 2015
EUR/USD vs. Resistance Zone / Currencies / Euro
By: Nadia_Simmons
Although EUR/USD moved sharply lower yesterday, the exchange rate reversed and erased some of earlier gains as uncertainty over Greek debt negotiations weighed on investors' sentiment. Will we see further deterioration in the coming days?
In our opinion, the following forex trading positions are justified - summary:
EUR/USD: Short positions (stop-loss order at 1.1667)
GBP/USD: Short positions (stop-loss order at 1.5913)
USD/JPY: none
USD/CAD: Long positions (stop-loss order at 1.1706)
USD/CHF: none
AUD/USD: Short positions (stop-loss order at 0.8194)
Monday, June 08, 2015
USD, CAD, GBP, EURO,JPY and Gold Chartology / Currencies / Forex Trading
By: Rambus_Chartology
In this report I would like to show you an in depth look at some of the more important currencies on the planet to see where we’re at in the big picture and how they may affect the price of gold. In general when a currency (other than the US Dollar) is headed lower the price of gold tends to rise and just the opposite happens when a currency rises . So following the different currencies is important.
With the US dollar being the most important currency we’ll start there.
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Saturday, June 06, 2015
Japanese Yen Falls to a 17-Year Low -- Watch How It Got There / Currencies / US Dollar
By: EWI
Put differently, USDJPY is now trading at a 17-year high... but will it last?
You'll find many explanations in the news why the U.S. dollar is trading at the highest point against the Japanese yen since 2002. Most of them have one thing in common:
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Friday, June 05, 2015
China's Five Year Plan and The End of an Era / Currencies / Fiat Currency
By: Alasdair_Macleod
China is in the late stages of constructing its thirteenth five-year plan, a process that commenced over a year ago and will result in a first draft in October. While the bulk of the plan will concern regional and domestic development, it is the international aspects that will concern the rest of the world. The plan, which will produce specific goals for 2016-20, is already having an effect on China's foreign and trade policy.
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Thursday, June 04, 2015
Bitcoin “Total Crypto Breakdown” Highlights Risks To Digital Assets / Currencies / Bitcoin
By: GoldCore
- Bitcoin wallet app Blockchain suffers major security blunder
– Poor tech sees multiple accounts being created using same address
– Security lapses in electronic and digital currencies not uncommon
– Bitcoin and cryptocurrencies in infancy but are useful tools
– Physical gold offers most secure form of wealth preservation
Tuesday, June 02, 2015
Has Bitcoin Price Down Move Begun? / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
More banks are looking into the possibility to use Bitcoin's underlying technology, the blockchain, to develop their own solutions without necessary relying on Bitcoin itself, we read on the American Banker website:
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Tuesday, June 02, 2015
Greek Government Favours Drachma - Won't Bow to Blackmail / Currencies / Eurozone Debt Crisis
By: GoldCore
- Merkel, Hollande, Juncker, Lagarde and Draghi in “emergency” meeting re Greece
- Bankrupt Greece must find €1.6 billion to pay IMF in June
- First instalment of €300 million due on Friday
- Leaders of EU, IMF and ECB hold emergency summit in Brussels
- 58% of Syriza membership in favour of returning to Drachma
- Unforeseeable consequences and risks of ‘Grexit’
Monday, June 01, 2015
EURUSD Technical Outlook / Currencies / Euro
By: Austin_Galt
Let's take a bottom up approach to the analysis beginning with the daily chart.