Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Wednesday, August 04, 2010
EURIBOR, Euro and USD Index / Currencies / US Dollar
Many have expressed scepticism with strength of the euro at a time when EURIBOR and EUR-Libor rates remained on the rise. EUR 3-month LIBOR stands at 12-month high of 0.83%, up 46% from its March lows. Yet unlike in April-May when rising Eurozone rates resulted from plummeting inter-bank confidence and falling liquidity in the system, the recent strengthening in Eurzone interbank rates has been partly boosted by improved macroeconomic/bank earnings figures, as well as a stabilizing currency.
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Monday, August 02, 2010
US Dollar Index Declines as Eurodollar Short Squeeze Ends / Currencies / US Dollar
Dollar LIBOR is the 'tell' as european banks scramble to obtain US dollars to satisfy customer demand, they drive the 'price' of the dollar higher. The cause of the squeeze was the euro uncertainty based on ratings downgrades on Greece, and the hedge funds determined selling of the euro, which created a sell off in euros.
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Wednesday, July 28, 2010
U.S. Dollar Stress Next? / Currencies / US Dollar
The crisis is dead! Long live the crisis! In an attempt to address the debt crises swirling around the globe, policy makers have responded with a mishmash of somewhat questionable approaches:
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Wednesday, July 28, 2010
Evolving Global Financial Crisis, U.S. Dollar Heading Down Again / Currencies / US Dollar
As we long ago predicted, 2005 was the beginning of the collapse of the housing bubble. The result was financial chaos and a credit crisis that enveloped the US, Europe and eventually the world. Some would like us to believe that materialism and selfishness were the reasons for bubbles, but the causes go far deeper than that. US, UK and European central banks, due to their greed for power, and a desire for world government, allowed debt to get totally out of control.
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Thursday, July 22, 2010
Euro Currency Follow Up Analysis / Currencies / Euro
Late last week we produced a video on the euro (which was posted on our blog on Monday), making a case that the currency was very close, if not at its highs. Since then, we have had two significant events fall into place which made the dollar skyrocket against the euro.
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Thursday, July 22, 2010
Positive Corporate Eearnings Reports Boost U.S. Dollar / Currencies / US Dollar
The dollar has been getting hammered in recent weeks as renewed concerns about the economy caused many to get out of long dollar positions. However, several positive earnings reports to start the week have helped give the greenback a boost against most major currencies.
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Tuesday, July 20, 2010
Switzerland Under Siege, Free Markets May Yet Save the Swiss Franc / Currencies / Credit Crisis 2010
Efforts are underway to undermine Switzerland’s rock solid reputation as a safe haven. The alpine nation, famous for its readiness against enemies with citizens storing military assault rifles at their homes, is under attack. The attack, however, comes from one of their own, the guardian of the Swiss franc: the Swiss National Bank (SNB). In any other country, a central bank may have the power to derail the currency; in Switzerland, however, efforts to undermine the franc may be more appropriately characterized by a Don Quixotian battle by a lone warrior, a warrior armed with a license to print money.
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Monday, July 19, 2010
Is the Euro on Shaky Ground? / Currencies / Euro
In this short video we take an in-depth look at the euro and its relationship to the US dollar. The recent sharp rally in the euro, up from the 1.19 level, may be coming to an end.
We look at several indicators that are close to confirming that this market may be set to head lower.
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Saturday, July 17, 2010
What the Big Mac Can Tell You about Currencies / Currencies / Forex Trading
Currencies have experienced a massive wave of volatility in the past three years. Driving some of that volatility are the early stages of a sovereign debt and currency crisis.
As I laid out in my June 26 Money and Markets column, history suggests many of the sovereign debt problems in the world will likely be responded to with competitive currency devaluations. So it’s reasonable to expect large moves in currencies.
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Saturday, July 17, 2010
Japanese Yen Draws Safe Haven Share / Currencies / Japanese Yen
As long as US economic data shows fresh round of deterioration, and the Eurozone is able to supress event risk on the sovereign front, the Japanese yen shall cotinue to draw the lion's share of risk-aversion flows away from the USD. But let's first go over the USD's recent decline before further dissecting the yen flows.
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Friday, July 16, 2010
Time for U.S. Dollar Bounce as Peter Schiff Forecasts Dollar Rout / Currencies / US Dollar
The time for a dollar bounce is at hand. One reason I make that statement is the single best contrarian indicator on the US dollar has spoken.
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Friday, July 16, 2010
Fresh Support in EUR/CHF Now Visible / Currencies / Forex Trading
So far in 2010 the bears in EUR/CHF have been the clear dominant force. Any support found has proved fleeting. Recently a temporary halt in downtrend was seen, so it is appropriate to take stock of the technical position.
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Friday, July 16, 2010
British Pound Perks Up, Can the Uptrend Be Sustained? / Currencies / British Pound
The Pound suffered a steep sell-off against both the Euro and the Dollar during the financial crisis/recession as the UK’s public finances deteriorated at a faster pace than other developed economies.
Indeed, as the recession seemed to go on longer than in many other G7 economies, the Pound at one point looked at risk of breaking par against the Euro and approaching lows not seen since the mid 1980’s against the Dollar.
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Friday, July 16, 2010
Euro Currency Rally Good for Gold / Currencies / Euro
The euro rally versus the dollar has really started to gain steam, propelling the euro to retest a major resistance plateau (formerly support) at 1.2880, which if hurdled and sustained will argue for additional strength that next should confront the sharply declining 200 DMA, now at 1.3315.
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Thursday, July 15, 2010
How the ECB Engineered the Euro’s Recovery / Currencies / Euro
Trying to pick a winning trade in the foreign exchange market is similar to judging a “reverse beauty” contest. In other words, one must be able to identify the least ugly currency among its peers, at any given moment in time. All paper currencies are considered to be ugly, when compared to the “king of currencies” – Gold, since the central bankers are apt to print vast quantities of fiat currency, at the behest of government officials who have appointed them to run the printing presses.
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Thursday, July 15, 2010
Proshares Ultra Short EUO Euro ETF Trend Analysis / Currencies / Euro
Here's an ETF that you may want to take a look at...
I just finished a new short video on an ETF that's looking very interesting. The video runs a little over two minutes and gets right to the meat and potatoes of this market.
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Wednesday, July 14, 2010
Liquidations & Devaluation Nations, BIS Data Points to Currency Collapse 2011 / Currencies / Fiat Currency
Hey Mike, what would you do if you were elected the head of the U.S. Federal Reserve today?
"The first thing I would do is quit the second I got elected! I wouldn't want to be in charge of the Federal Reserve right now."- Mike Maloney
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Tuesday, July 13, 2010
The Case for the Yuan: Why China’s Currency Isn’t the Problem Policymakers Make it Out to Be / Currencies / China Currency Yuan
Jason Simpkins writes: By allowing the yuan to appreciate, China at least temporarily placated foreign trade partners that had expressed concern about the currency's value. However, the decision has done little to quell criticism from many U.S. policymakers and trade groups who are angry that the Obama administration refuses to brand China a "currency manipulator."
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Monday, July 12, 2010
Is it time for the U.S. Dollar Index to Rally? / Currencies / US Dollar
The dollar index, which put in a strong performance in the first six months of the year, pulled back from its recent highs and appears to be in defensive mode.
If you are not familiar with the US dollar index (USDX), it is an index, or measure, of the value of the United States dollar relative to a basket of foreign currencies.
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Sunday, July 11, 2010
Euro Rally Profit Selling Opportunity / Currencies / Euro
Over the past month, the talk from European officials about the sovereign debt crisis has gone relatively quiet.
Meanwhile, the euro has bounced aggressively from 1.1877 to over 1.27 versus the dollar.
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