Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, February 20, 2011
Chinese Renminbi Announced As New World Reserve Currency After Emergency G20 Meeting / Currencies / China Currency Yuan
By: D_Sherman_Okst
Dated [xx/xx/201x]: Fill in the future date of this article/press release by using your own common sense or Ouija board.
China’s President Hu Jintao and China Central Bank Advisor Xia Bin called an emergency meeting of the G-20 Member Countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States and the European Union) this weekend.
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Saturday, February 19, 2011
Japanese Yen Bear Run Begins? / Currencies / Japanese Yen
By: Justin_John
John Thomas, Mad Hedge Fund Trader, loathes YEN. He has been negative for over 6 months. I do not disagree with him. I think YEN is putting in a major top in place for maybe years and we can see a near 30-40% correction in YEN over the next 24 months. The return could be higher against the EURO which is probably going to be the best performing currency in the next 24 months with constant rate hikes to fight a surging commodity inflation.
Friday, February 18, 2011
AUD/USD Uptrend Looking Tired / Currencies / Forex Trading
By: Seven_Days_Ahead
The upmove in AUD/USD from the May-10 low exceeded the major 2008 peak, but started to lose momentum in November. Bulls are now cautious and we here look at what the danger signs could be.
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Friday, February 18, 2011
British Pound is Poised / Currencies / British Pound
By: Seven_Days_Ahead
The Bank of England quarterly inflation report released yesterday had been anticipated by market players as the starting signal for the Bank to begin hiking interest rates sometime in the next few months.
Thursday, February 17, 2011
U.S. Dollar on the Edge of the Abyss / Currencies / US Dollar
By: Toby_Connor
The dollar is now poised on the edge of the abyss.
The current intermediate cycle has rolled over and is making lower lows and lower highs. The current daily cycle has formed a swing high and is in jeopardy of rolling over into a left translated cycle. If the dollar breaks below the November intermediate bottom of 75.63 it will be an incredibly bearish sign as not only will the current intermediate cycle have topped in only 4 weeks but the larger yearly cycle will also have topped in only 4 weeks.
Tuesday, February 15, 2011
Fed's Gold Bullish Script, Destroying the Dollar and Demolishing the United States / Currencies / US Dollar
By: Jeff_Berwick
What If We Had a Bubble and Nobody Came?
You could not have written a better script for gold. It is almost as if the US Government and the Federal Reserve are trying to destroy the dollar and demolish the country – and taking most of the western world with it.
At the beginning of this gold bull market, in 2000, no one had ever heard of Barack Obama or Ben Bernanke. But, 11 years later, and an outright socialist profligate spender is President of the US and a College professor who believes in crackpot Keynesian theories about how money printing can save economies is the Chairman of the Federal Reserve.
Monday, February 14, 2011
Currency Trading Update, Yen is the Pick to Short / Currencies / Japanese Yen
By: Justin_John
YEN and Nikkei Trade: Where is YEN going?
Yen is at 120 levels which represent a multi decade high. There are very few things out there which are hitting a multi decade tops. Yen was 120 levels in 1995 after which it took a wild swing down to hit a bottom at 1998. After nearly 9 years of consolidation, YEN broke out and ran away to 120 levels in the last 4 years. It has been an extraordinary run, one which has confused many. Bill Gross has been on record saying that Japan is worthless piece of crap. Yen needs to be shorted against every high yielding currency.
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Sunday, February 13, 2011
China Takes Tentative Steps Towards Global Currency / Currencies / China Currency Yuan
By: Trader_Mark
The move of the yuan as a global currency is a very important one in the long run, as it will have potentially dramatic effects on the U.S. dollar as the sole reserve currency but for now things are going along at a snail pace. In the interim, the Chinese currency is essentially pegged to the U.S. dollar (for better or worse). Until the % of growth in China from exports is reduced, and they are far more reliant on internal consumption I don't see this loose peg changing anytime soon. Longer term, with 3 ugly ducklings (euro, dollar, yen) dominating the world's FX markets, the cart will eventually be turned over when a country (or region) coming from a position of fiscal strength rather than weakness enters the fray. Via NYT:
Sunday, February 13, 2011
Major Currency Trends For Potential For Major Gains, Yen and Dollar / Currencies / Forex Trading
By: Chris_Vermeulen
Over the past few years Forex traders have really had to step up their game in order to continue making money in the currency market. Back in the day before currency trading was main stream, currencies used to trend in a direction for a long period of time with a low level of volatility. But with so many individuals now involved speculating on price action coupled with international concerns in most countries, the once slow and steady currency market now moves like the stock market with large price swings on a weekly and even daily basis.
Saturday, February 12, 2011
U.S. Dollar Gains on Global Political Uncertainty / Currencies / US Dollar
By: LiveCharts
It is a amazing that despite some improving signs on the domestic economy, it is developments in Egypt that have helped prop up the dollar in early Friday (February 11) currency trade.
Egyptian President Hosni Mubarak has once again refused demands that he step down in lieu of a political uprising in the country. The uncertainty surrounding developments in Egypt have weighed on global equities, but the greenback has made a slight comeback.
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Tuesday, February 08, 2011
Which Currency Will Crash First? / Currencies / Euro
By: Rosanne_Lim
2010 was an exciting year for currencies. The dollar, euro, the yen, and the yuan all went under the spotlight. Except for the yuan, each experienced drastic swings wrought about by internal or external factors. But overall, these events underwhelmed confidence in paper money. The main reason is because of the sovereign debt crisis that swept the world.
Most of the developed nations including the United States, Japan, and a number of European countries have unsustainable debt. The US and Japan, for example, are heading towards insolvency. Meanwhile, the only reason why several countries in the EU haven’t defaulted is the bail-out by stronger EU members.
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Friday, February 04, 2011
Food Prices Aren't Rising, Fiat Currencies Are Collapsing, Massive Monetary Inflation / Currencies / Fiat Currency
By: Jeff_Berwick
It has been a most interesting month of January. A likely presage to an interesting year to come.
In these pages we have spoken often about what will be the first real domino to fall in causing a chain reaction ending up in massive global political and financial change. Often we follow our predictions with a statement something along the lines of, “but, in actuality, the defining primary event will likely come from somewhere that no one expects”.
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Thursday, February 03, 2011
The U.S. Dollar Index, How Low Can You Go? / Currencies / US Dollar
By: Guy_Lerner
When looking at the Dollar Index, I am reminded of the song the "Cha Cha Slide"when the performer says, "How low can you go?" There is no question investors believe that the Dollar is going down and that equities are only going up all courtesy of Federal Reserve Chairman Bernanke and his QE 2 policy. Yesterday's rally in equities and concurrent drop in the Dollar served to remind me of the fact that currency devaluation and increasing liquidity remain the drivers for equities. It has been that way since 2007, and why should it stop now? For the record, the Dollar Index was down a hefty 0.86% yesterday while stocks enjoyed a strong trend day.
Wednesday, February 02, 2011
New China Yuan Policy Presents Investors with the "Trade of the Century" / Currencies / China Currency Yuan
By: Money_Morning
Keith Fitz-Gerald writes:
When the state-owned Bank of China Ltd. (BOC) recently announced that it would begin allowing U.S.-based customers to trade the Chinese yuan here, it represented the biggest step yet in China's ongoing campaign to build global acceptance for its currency.
That desire to boost interest in the yuan in the global currency and trade markets is bolstered by the fact that Beijing's foreign-exchange reserves have now reached a staggering $2.8 trillion.
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Monday, January 31, 2011
Swiss Franc … CHFUSD / Currencies / Forex Trading
By: Tony_Caldaro
We have been tracking on stockcharts eight currencies now for a few years: AUD, CAD, CHF, EUR, GBP, JPY, USD and the ZAR. The charts we offer are all in relation to the USD, and we track the DXY index for the USD. Some time ago we expanded our long term time cycle analysis to include currencies. We have posted about this 34 year secular cycle in the past, and some of its components.
Sunday, January 30, 2011
Why Japan Needs a Weaker Yen, and How You Can Play It / Currencies / Euro
By: Bryan_Rich
Standard & Poor’s downgraded Japan’s sovereign debt rating this week. It was the first cut in Japan’s rating in nine years. Japan now joins Greece, Ireland, Portugal, Spain — all of which have been downgraded in the past twelve months; hardly the kind of company a country wants to keep.
I’ve said many times that in a world mired in debt and deficits, it’s only a matter of time until Japan has its turn under the spotlight of global scrutiny. And with this downgrade, it could be sooner rather than later.
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Friday, January 28, 2011
Could Bernanke Spark a Run on the U.S. Dollar? / Currencies / US Dollar
By: Mike_Whitney
Treasury yields are "blinking red", but the Fed keeps acting like nothing's wrong. What's the deal?
Let's explain: Fed chairman Ben Bernanke's bond purchasing program (QE2) has sent the yield on the 30-year Treasury skyrocketing. At the same time, the the 2-year Treasury is stuck at a lowly 0.61. That means, the "yield curve" between the two bonds has grown steeper, which normally happens at the beginning of a recovery because investors are moving out of "risk free" bonds to riskier assets like stocks. Typically, the yield on the long-term bond will start to go down on its own because investors expect the Fed to raise short-term rates to curb potential inflation. But that's not happening this time. Why? And why should we care?
Friday, January 28, 2011
More EUR/CHF Recovery Needed to Cast Bear Doubts / Currencies / Forex Trading
By: Seven_Days_Ahead
The chart of the EUR/CHF cross remains weak, with previous recovery attempts only proving short-lived affairs. At present the current bounce is relatively unexciting, but we are looking at certain overhead levels that, if breached, could signal better bull interest.
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Wednesday, January 26, 2011
China Plays Europe Card, Ramifications of Chinese Dollar Swap Facility / Currencies / Euro
By: Jim_Willie_CB
Whether Americans and Westerners in general like it or not, the Chinese have become and will remain the key drivers to many economic and financial market developments, progress, and averted wreckage. The intrepid lapdog US press, loyal to the syndicate, is a critical element to maintain distractions. Of course, China must adapt and react to their own stumbles and accidents, assured since for years they have maintained a tight link in monetary policy. Doing so has linked their asset bubble expansion and bust cycle to the deadly one in the United States, and filled their coffers with US$-denominated toxic debt securities.
Monday, January 24, 2011
Euro's Reversal of Fortune & Outlook / Currencies / Euro
By: Dian_L_Chu
The Euro closed up Friday`s session at 136.13, and looks poised to make a run up to test the 140 level in February. I, among many, was thinking the Euro would next test the 125 level, and things started heading well in that direction with the Euro moving down to 129, and appearing on a downward slope.
So what happened? Well, there have been quite a few new developments that prompted this reversal of the euro fortune.