Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, February 11, 2010
Bailout of Greece and the End of the Euro Currency / Currencies / Euro
By: Philipp_Bagus
The euro has been sliding against the US dollar for weeks. Concerns about the public finances of eurozone countries Portugal, Ireland, Greece, and Spain, the so-called "PIGS," have emerged in financial markets. Greece is facing the severest crisis, with its 10-year bond yield approaching 7%. The Greek government estimates its budget deficit at 12.7% of GDP in 2009. Gross government debts amount to 113% of its GDP. If the interest rate Greece has to pay for its debts keeps rising, the country may have to default on its obligations.
Wednesday, February 10, 2010
Lessons to Learn from the Failure of the Continental Dollar / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
Although few have seen hyperinflation in their lifetimes, it can and does happen. In one of the most cited cases, the Continental currency of the United States was inflated into oblivion. In fact, the value was so diminished that towards the end of its short life, few merchants accepted it.
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Monday, February 08, 2010
Greece and Portugal Debt Crisis, Euro An Anchor of Stability? / Currencies / Euro
By: Axel_Merk
The world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers told banks to shore up their balance sheets with more sovereign debt. However, policy makers around the world have since raced to spend money in an attempt to reinvigorate their respective economies, leading to record deficits. Now everyone appears surprised that weaker countries are having difficulty financing their largesse.
Sunday, February 07, 2010
Win-Win Scenario for the U.S. Dollar / Currencies / US Dollar
By: Bryan_Rich
The debt problems in Dubai threw a wrench in the happy-go-lucky risk trade of last year. And since then, the perception of the state of the global economy has been unraveling.
All of the sudden, the world isn’t as safe a place as was thought just months ago: Global stock markets are falling, commodity markets have cracked, and foreign currencies are back in decline.
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Sunday, February 07, 2010
EURO March to Reserve Currency Status / Currencies / Euro
By: G_Abraham
Continuation of my colleagues analysis, Vishal Damor (Editor InvestingContrarian.com) dated 6 Feb 2010:
EU bonds are the safest bet. STILL!
The EURO has had its stuffing taken out of it over the last 2 months and it needs a lot of analysis and courage to back the EURO at this point of time. We do believe fundamentally that EURO is the future base currency and EU bonds are to be toast of the world central banks. Trichet has vehemently denied that EURO has no role as a reserve currency unless otherwise needed. It only means he will let the world sink the dollar and come begging for an alternative which will not be found anywhere else other than the EURO.
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Saturday, February 06, 2010
The U.S. Dollar / Currencies / US Dollar
By: Sol_Palha
"When you get into a tight place and everything goes against you, till it seems as though you could not hold on a minute longer, never give up then, for that is just the place and time that the tide will turn." ~ Harriet Beecher Stowe, 1811-1896, American Novelist, Antislavery Campaigner
This is one topic we spoke of extensively over the past few months and we are going to list excerpts from some past updates with emphasis on the Dec 16th market update.
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Friday, February 05, 2010
More Upside for U.S. Dollar / Currencies / US Dollar
By: Mike_Paulenoff
The DXY (cash dollar index) continues to leap higher in reaction to uncertainties about the sovereign debt conditions of a subset of countries referred to as the PIIGS. Let's notice that after emerging to the upside on 1/28 above 23.20, the PowerShares DB U.S. Dollar Index (NYSE: UUP) has rocketed 2% in the past 6 sessions amidst constant negative news about widening Greek, Spanish, and Portugese CDS spreads.
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Friday, February 05, 2010
EUR/USD, What Moves You? / Currencies / Forex Trading
By: EWI
Vadim Pokhlebkin writes: It's not the news that creates forex market trends -- it's how traders interpret the news.
Friday, February 05, 2010
Forex Bulls Eye Next Target in US Dollar Index / Currencies / Forex Trading
By: Seven_Days_Ahead
The expected recovery in the US Dollar is now nicely underway. With a second upleg in process our focus is on the next target/resistance area, where the uptrend is likely to pause.
Wednesday, February 03, 2010
Euro Downtrend To $1.32 Under Construction / Currencies / Euro
By: Ashraf_Laidi
We pointed out 2 weeks ago that the ongoing decline (weakening) of the once strong inverse correlation between equities and USD would lead to a scenario of prolonged US strength regardless of the evolving trend in equities. As the correlation weakened from a strong -0.94 in November to -0.26 in the 1st week of January, it enabled us to forecast further advances in the greenback irrespective of intraday or daily moves in equities. By taking the other side of the coin and using the daily relation between EURUSD and S&P500, the positive correlation has now fallen from +0.94 in November to a statistically insignificant +0.27 (9-month low).
Wednesday, February 03, 2010
Forex Forecasts for Nine Currency Pairs / Currencies / Forex Trading
By: EWI
Elliott Wave International have made available FREE Access to their PREMIUM intraday and end-of-day Forex forecasts to the Market Oracle readership right now through next Wednesday, February 10.
Tuesday, February 02, 2010
What’s Next for the U.S. Dollar? / Currencies / US Dollar
By: Axel_Merk
The Federal Reserve’s Open Market Committee (FOMC) is sticking to its course for phasing out the additional purchases of Mortgage Backed Securities (MBS). Notably however, in its statement released January 27th, reference to an improving housing market was omitted after recent bad news about the sector.
Monday, February 01, 2010
U.S. Dollar In Jeopardy Of Losing Its Value / Currencies / US Dollar
By: FutureOfDollar
The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst global recession since the 1930s. The Government’s stimulus packages, financial bailouts, the need to support liquidity in Treasuries, keeping interest rates at the lowest level under the circumstances of low economic growth, high unemployment and low tax collection make it print more dollars. This leads to a high risk of substantial inflation, or hyperinflation in a long-run.Read full article... Read full article...
Sunday, January 31, 2010
Fed’s Currency Swap Lines, A BIG deal for the U.S. Dollar / Currencies / US Dollar
By: Bryan_Rich
The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies.
Most market participants have been entranced by the Fed’s language about their target interest rates …
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Saturday, January 30, 2010
Will a Threatened Euro Affect the Gold Price? Short-term Traders Beware! / Currencies / Euro
By: Julian_DW_Phillips
Claude Trichet, head of the European Central Bank dismissed talk of Greece exiting the Euro as their national currency. The fact that he felt it necessary to issue such a statement meant that the prospect was being discussed outside the E.C.B. Instead, the EU is considering sanctions against the country to bring it into line with the E.U. The stress is high in the Eurozone!
Friday, January 29, 2010
Second Upleg in USD/CHF Well Underway / Currencies / Forex Trading
By: Seven_Days_Ahead
A recovery in USD/CHF in December provided an initial bull sign and current expectations are for a continuation higher, with some interesting resistance then likely to interrupt proceedings.
Wednesday, January 27, 2010
U.S. Dollar Gains Against Major Currencies and Commodities / Currencies / US Dollar
By: LiveCharts
dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception.
The gold price spot rate is at $1,091, after a Tuesday New York Mercantile Exchange close just below $1,100. The gold rate is well below its all time high of $1,218.25 near the end of 2009.
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Wednesday, January 27, 2010
China Currency Manipulation Global Trade Imbalances, A World Without Yuan 6.83 / Currencies / China Currency Yuan
By: Submissions
Keith Hilden writes: As countless newspapers and media outlets across China continue to reiterate that the fiscal policy of China to refuse the appreciation of the renminbi is made clear on an almost daily basis, it has been established that this policy suits China and its interests. It certainly does. But when a country makes a decision based solely on its own interests, and it negatively affects the interests of every other country in the world, what is the boundary of acceptable conduct for that country to follow in the interest of the rest of the world?
Monday, January 25, 2010
U.S. Dollar Giant Double Top Pattern Implies Bearish Outlook / Currencies / US Dollar
By: Howard_Katz
KISS is an acronym for the popular expression, keep it simple, stupid. I don’t particularly like the idea of calling others stupid. I have found that people who do so usually have an inability to express themselves, and this is because they themselves are stupid. Most people I have met in this world can do at least something better than I can, and I can benefit from their expertise. (This is what the economist calls division of labor and specialization.) At any rate, the simple part is very good. Most great ideas are simple (the 10 Commandments, Newton’s laws of motion).
Saturday, January 23, 2010
Why the U.S. Dollar Rally Has Legs / Currencies / US Dollar
By: Bryan_Rich
In December I wrote a Money and Markets column making the case for a bottom in the dollar. And since then the evidence supporting that thesis has grown. I also said there are plenty of ugly currencies out there that will likely take scrutiny away from the dollar. In fact, in recent weeks I outlined the blemishes burdening three key major liquid currencies. And those blemishes are now being exposed …