Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Friday, April 23, 2010
China Yuan /U.S. Dollar To Peg or Not to Peg? / Currencies / China Currency Yuan
While I attended an economic conference last week in Shanghai, I found it notable - but not surprising - that two former Secretaries of the Treasury, John Snow and Hank Paulson, as well as current Treasury Secretary Tim Geither, and former President George W. Bush were then in the country at the same time. The fact that so many key American power brokers (myself not included) were in China simultaneously is no coincidence. In an overly indebted world, the $2.5 trillion that China holds in foreign reserves is acting as a center of economic gravity, inexorably pulling all market participants into its orbit.
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Friday, April 23, 2010
EUR/GBP Slip Unnerves the Bulls / Currencies / Forex Trading
A short term bull signal seen earlier this year has essentially been negated now, following a deep pullback. Latest weakness has turned focus on key supports, and increases speculation that the EUR/GBP cross could be topping out.
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Friday, April 23, 2010
U.S. Dollar Shines After Upbeat Unemployment and Housing News / Currencies / US Dollar
Two very positive reports on the economy Thursday (April 22) morning have helped strengthen the dollar against major currencies and commodities. Home sales were relatively strongly during the month of March and last week’s new jobless claims fell by 24,000 from the week before, in line with analyst estimates.
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Thursday, April 22, 2010
The Devaluation of the U.S. Dollar, Gold's Springboard / Currencies / US Dollar
The need is urgent. The recognition is broad. Supply & Demand of American debt paper demand price adjustment. The USGovt avoids the topic like the plague. The billboard fact of the matter, as USCongressional politicians like to say, is that the USDollar must be take a downward revaluation of significant magnitude in order to even begin to offer a semblance of equilibrium and balance. Natural forces are aligned against those in power who resist the adjustment. Imbalances are too magnificent. They invite continued global revolt and financial insurrection.
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Thursday, April 22, 2010
FX Refuge into USD from Greece Crisis, UK TV Election Debate / Currencies / Forex Trading
The current pullback in equities adds to the USD gains especially as the greenback benefits from Greek uncertainty and further lead in the LDP's standing in UK election opinion polls.
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Tuesday, April 20, 2010
Dollar-Yen YCS ETF Heading Higher / Currencies / Forex Trading
It is fascinating to me that USD/Yen (dollar up, yen down) hit its most recent rally peak at 94.80 on April 5 – two weeks ago – and looks like it completed a correction at yesterday’s low of 91.60. What is so fascinating about? In the financial world we currently find ourselves, equity weakness (i.e., certainly the type that was triggered last Friday by GS) and fear of the unknown still attracts money into yen (from dollars), which occurred only last Friday.
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Monday, April 19, 2010
The Search for a New World Reserve Currency / Currencies / Fiat Currency
Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well into the Cold War of being the trading world’s reserve currency. It had the mass, in terms of volumes of available currency; it had the backing of an indisputably wealthy national asset base to move away from the gold standard; it had stable governmental backing.
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Monday, April 19, 2010
U.S. Dollar Devaluation, Phase Two / Currencies / US Dollar
Recently, I’ve issued several warnings. Chief among them …
That investors everywhere are waking up to their leaders as being nothing more than emperors with no clothes. Reckless spenders with not a single clue of what they’re doing and full of false hopes.
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Sunday, April 18, 2010
Can U.S. Dollar Remain the World's Reserve Currency? / Currencies / US Dollar
Jane D'Arista: US dollar as world's reserve currency is great if you own a bank; not much good for Main St.
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Friday, April 16, 2010
EUR/CHF Trying To Reverse / Currencies / Forex Trading
Earlier this year, following a clear break lower, it looked as though bears in the EUR/CHF cross rate were running out of steam. However, a second wind saw a fresh move south which does, in fact, look like a blow-off move, with recovery prospects improved.
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Friday, April 16, 2010
U.S. Dollar Wins as $18 Billion Jobless Benefits Bill Becomes Law / Currencies / US Dollar
The dollar made gains on Thursday (April 15) against most major currencies and also put a wrap on driving oil prices and gold prices. The dollar’s strength is due partly to the rapid passing of an $18 billion extension of unemployment benefits for hundreds of thousands of people that have been struggling after their state-paid unemployment benefits ran out.
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Thursday, April 15, 2010
What I Am Watching EURUSD / Currencies / Euro
The EURUSD cross rate has been bouncing around its weekly key pivot point for several weeks now. See figure 1, a weekly chart of the EURUSD.
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Thursday, April 15, 2010
U.S. Dollar Grave Concerns Remain / Currencies / US Dollar
We continue to see risks ahead for the U.S. economy, and in particular, the U.S. dollar. Significant global imbalances remain – indeed; the recent global financial crisis has served to exaggerate many of these imbalances. Of grave concern is the unsustainable Federal budget deficit, which may have morphed out of control, with no signs of government constraint over the near-term. The U.S. current account deficit remains at a high level, and will likely weigh on the dollar for years to come.
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Thursday, April 15, 2010
Chinese Currency Manipulation is America’s Fault / Currencies / Market Manipulation
Despite the Obama administration's desperate efforts to keep the issue off the boil, Chinese currency manipulation is back in the news again. Treasury Secretary Timothy Geithner just politely postponed his official report on the question, and Beijing seems to have responded to this courtesy by hinting that it may allow some token appreciation in its currency.
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Tuesday, April 13, 2010
Washington Not China Is the Real Currency Manipulator Here / Currencies / Market Manipulation
Keith Fitz-Gerald writes: SHANGHAI, People's Republic of China - China just posted its first monthly trade deficit in nearly six years, a $7.24 billion shortfall for March that essentially torpedoes Washington's argument that the Asian giant is a "currency manipulator" of the worst kind.
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Sunday, April 11, 2010
Euro Crisis, Greek Bonds Crashing and Capital Flight as Default Risks Soar / Currencies / Euro
It’s been two weeks since the bailout speculation surrounding the Achilles’ heel of the euro zone, Greece, has had some closure.
European officials kept the balls in the air as long as they could in an attempt to distract speculators … to manage fears of a Greek and euro-zone crisis. It was a carefully orchestrated game of confusion.
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Sunday, April 11, 2010
Fed Attacks the Fed as Soros Pumps Up the Press For Another Sterling Devaluation Bet / Currencies / Fiat Currency
In a candid attack on his former colleagues, Poole Says Fed Has ‘Tilted Playing Field’
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Sunday, April 11, 2010
Currency Manipulation, Are Fixed Exchange Rates Coming Back? / Currencies / Fiat Currency
The International Monetary Fund or IMF, long a citadel of free-market thinking, conceded in a little-noticed official report in February that controls on the international movement of capital may be appropriate in some circumstances. This report deserved more attention, because this is big.
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Friday, April 09, 2010
The Yen and the Euro’s weakness / Currencies / Forex Trading
The Technical Trader’s view:
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Wednesday, April 07, 2010
Alert, Euro On Verge of Real Crisis / Currencies / Euro
Something big is up, and it’s possible the Euro is going into a real crisis within two months…Is this the next big market surprise ala Lehman? Not exactly like Lehman, but of the scale of that crisis that shook the entire world and almost caused worldwide bank shutdowns in Fall 2008? I am beginning to think so, and have been discussing this looming new worry for subscribers, IE we are right at the cusp of something big for the Euro and the European Union, not only financially but very much so politically. Imagine what a real Euro crisis would do to – everything!
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