Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, May 21, 2010
EUR/CHF Downmove Stalls, Again / Currencies / Forex Trading
By: Seven_Days_Ahead
Twice before, this year, the downmove in the EUR/CHF cross has shown signs of trying to find a decent support level, but with bears then driving values lower. For a third time, now, the chart has reached a point where it is worth looking closer for signs of bear fatigue.
Thursday, May 20, 2010
Bernanke’s Blackhawk Helicopter and the Global Currency-Trade War: DEFCON 2 / Currencies / Quantitative Easing
By: David_Knox_Barker
Chairman of the U.S. Federal Reserve Board, Ben Bernanke, is now famous for declaring his willingness to use a helicopter to dispense dollars to stop U.S. deflation. In the spirit of shock and awe, he promised the indiscriminate firing of dollars into the U.S. and global economy, without concern for friendly fire casualties. Granted, indiscriminate firing of dollars near innocent savers and trading partners is not friendly fire, but stick with this analogy, it gets better.
Thursday, May 20, 2010
Euro Trending Towards Parity to the U.S. Dollar, Fast! / Currencies / Euro
By: INO
Don't be surprised when one euro equals one dollar... it could happen.
As everyone in the Western World knows, Europe has been having its share of major problems. All of Europe’s trials and tribulations have had a dramatic affect on the performance of the euro, recently putting it under severe pressure.
Thursday, May 20, 2010
Euro Crisis Totally Out of Control? Implications / Currencies / Euro
By: Christopher_Laird
The evolving Euro crisis is expanding and deteriorating rapidly. In only one week since the $1 trillion EU proposed bailout, the following happened:
Wednesday, May 19, 2010
If The Euro Collapses What Will Happen to the Oil Price? / Currencies / Euro
By: Andrew_Butter
According to the IMF World GDP in nominal terms expressed in dollars was $57 trillion in 2009. The European Union accounted for 29% of that; and lets say another 10% of the world implicitly or explicitly link their currencies to the Euro (for the sake of argument I’m assuming the Pound tracks the Euro and the Yen will track the dollar more or less).
Wednesday, May 19, 2010
ECB Euro Currency Market Intervention is Inevitable / Currencies / Forex Trading
By: Ashraf_Laidi
The massive 200-pip jump in EURCHF in less than 10 minutes (13:00-13:10 BST) is the work of no other than the Swiss National Bank intervening to sell its own currency. But the 80-90 pip jump in EURUSD must also be the work of European banks intervening on behalf of the ECB to boost the ailing euro. The events of the last 2 weeks imply that coordinated central bank intervention is possible. If it took 2 days for the ECB's to make an about turn on bond-purchases and for Berlin to institute a ban on naked shorts, then the prospects for intervention are very plausible.
Tuesday, May 18, 2010
Germany, Greece and Exiting the Eurozone / Currencies / Euro-Zone
By: STRATFOR
Rumors of the imminent collapse of the eurozone continue to swirl despite the Europeans’ best efforts to hold the currency union together. Some accounts in the financial world have even suggested that Germany’s frustration with the crisis could cause Berlin to quit the eurozone — as soon as this past weekend, according to some — while at the most recent gathering of European leaders French President Nicolas Sarkozy apparently threatened to bolt the bloc if Berlin did not help Greece. Meanwhile, many in Germany — including Chancellor Angela Merkel herself at one point — have called for the creation of a mechanism by which Greece — or the eurozone’s other over-indebted, uncompetitive economies — could be kicked out of the eurozone in the future should they not mend their “irresponsible” spending habits.
Monday, May 17, 2010
We Are Still In The Early Stages Of Major Currency Devaluations / Currencies / Fiat Currency
By: Miles_Banner
For the year the gold price is up 10.25% in US dollars, 22.38% in Euros, and 27.85% in pounds (London PM fix). The HUI gold index is up 13.38% and the SPDR gold shares (GLD) is up 9.61%.
In the aftermath of the recent bail out by the IMF and ECB the markets are continuing to undermine the euro.
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Saturday, May 15, 2010
You're Not Too Late: Three Euro Trades You Can Make This Week / Currencies / Euro
By: DailyWealth
Tom Dyson writes: In March 2009, the Federal Reserve announced it would spend $300 billion buying Treasury bonds...
The Federal Reserve has immense financial power. You'd expect this announcement to cause prices to rise in the Treasury bond market. And they did. The day they made the announcement, Treasury bond prices had their biggest one-day gain in history... and continued rising for a few days after.
Saturday, May 15, 2010
Euro Crisis, The Worst is Yet To Come / Currencies / Euro
By: Sol_Palha
"If the thunder is not loud, the peasant forgets to cross himself." ~ Russian proverb
I think it is a given that Greece will have to default, everyone knows this, but they are just playing cat and mouse for now. Most Greeks are dead set against the new Austerity measures and they will likely throw this government out of power for the new changes they have instilled.
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Friday, May 14, 2010
Euro Under Extreme Pressure in Downward Death Spiral / Currencies / Euro
By: Mike_Paulenoff
If a picture is worth 1,000 words, then in the case of the enclosed 11-year weekly chart of the EUR/USD only one or two are required to put the situation into perspective: WOW! Or, alternatively, YIKES! In recent days, we have discussed the inability of the EUR to mount any sort of rally to regain Sunday evening's short-covering high at 1.3095, which at some point would bring in another round of "liquidators." Appropriately, the "long liquidators" emerged on a Friday, ahead of the European market close, and ahead of the start of the North American session. As of the open the EUR/USD was pressing into new low territory and heading for a test of the prior significant low at 1.2330 (1% beneath current levels) from Oct 2008.
Friday, May 14, 2010
EUR/USD Next Stop 2006 Lows / Currencies / Euro
By: Guy_Lerner
Well that was quick.
I definitely would have thought that the 2009 lows in the EURUSD would have provided a little bit more buying support, but that wasn't to be. As you can see from the weekly chart (figure 1) of the EURUSD, price is well below the key pivot point at 1.25674. This level is now resistance. The next stop is the 2006 lows, which reside in the zone between 1.16 and 1.19.
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Friday, May 14, 2010
U.S. Dollar, Euro and Other Fiat Currencies Beyond the Point of No Return / Currencies / Fiat Currency
By: Casey_Research
Bud Conrad writes: We're heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can't just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.
Friday, May 14, 2010
Theory of Central Banking Rapidly Falling Apart / Currencies / Central Banks
By: Mike_Shedlock
Central banks are about to learn the global economy is not Alice's Restaurant.
In case you don't know the tune, here is the crucial line: "You can get anything you want at Alice's Restaurant"
Anything you want, seems to be the attitude of central banks. The problem is, it is virtually impossible for every central bank to get what it wants at the same time, when they all want the same thing, cheaper currency relative to each other to stimulate jobs and exports.
Friday, May 14, 2010
Gold Rises as the Euro Vaporizes / Currencies / Euro
By: Andy_Sutton
This wasn’t supposed to happen. When it was introduced 11 years ago, the Euro was to be the world’s newest, biggest, and best yet currency. There were strict guidelines for getting into Club Euro and you’d better follow them if you didn’t want to be voted off the island. What became immediately clear is that there were stronger members and weaker members. That fact is becoming increasingly apparent as the real state of the Eurozone now comes into clear focus. Over the years, rules were bent, concessions made, and explanations given, all for the purposes of justifying short-term benefits such as the availability of Italian milk to the Club. Yes, Italian milk.
Friday, May 14, 2010
USD/JPY Bulls Remain Well-Positioned / Currencies / Forex Trading
By: Seven_Days_Ahead
The recovery scenario in USD/JPY recently took a knock, but bulls seem to have quickly regained their poise, and can still target higher levels, particularly on a break through the 95.00 resistance area.
Friday, May 14, 2010
The Weak Euro, Resurgent Dollar! / Currencies / Forex Trading
By: Seven_Days_Ahead
The Macro Trader’s view:
The Euro has been much in the news over recent weeks, and for all the wrong reasons. The Greek debt crisis which had refused to lie down, even after the EU/EZ/IMF put together a EUR110.0B rescue fund, threatened to engulf the entire Euro zone because traders doubted the problem could be contained.
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Friday, May 14, 2010
Euro Crash, ECB Losing Credibility as it Prints Money When It Said It Wouldn't / Currencies / Euro
By: Charles_Maley
If you really think about it, the Euro is as much of an experiment as it is a currency. As I mentioned in my previous post, the Euro idea was that 16 different countries could join hands under one united monetary policy. The trick is to accomplish this under separate cultures, political structures, and economic climates. How’s that working out?
Thursday, May 13, 2010
Does the E.U. Bailout Signal the Euro’s Death? / Currencies / Euro
By: Money_Morning
Jason Simpkins writes: Does the European Union (EU) bailout signal an end for the euro currency?
Investment icon Jim Rogers and lauded economist Nouriel Roubini think so.
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Thursday, May 13, 2010
The Demise of the Euro as a World Currency? / Currencies / Euro
By: Bob_Chapman
Greece has its immediate financing. Now the question is can they follow the prescription? In all likelihood the answer is no. The bond markets are reflecting that via a lack of confidence. In fact, some bond markets are falling apart and there is no end in sight. We have bond rating firms lowering ratings, as the rating services themselves are under serious fire and we do not believe they will be around long. The big question is why did it take two years and 10 months to react?