Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, December 17, 2009
Euro Traders Look to German Ifo Business Climate Index / Currencies / Forex Trading
By: ForexPros
The German Information and Foschung (Ifo) Business Climate Index determines the business sentiment and conditions in the Euro-zone.The reading is concluded from survey of about 7,000 businesses.
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Thursday, December 17, 2009
Gulf Monetary Union to Launch Petro Currency, What Does It Mean? / Currencies / Fiat Currency
By: Mike_Shedlock
After years of threats, four of six countries in the Gulf Cooperation Council (GCC) finally agreed to a monetary union with a single currency and central bank.
Saudi Arabia, Kuwait, Bahrain, and Qatar opted in. The UAE and Oman opted out of the agreement.
Wednesday, December 16, 2009
U.S. Dollar Remains Near Two Month High / Currencies / US Dollar
By: LiveCharts
The US dollar fell back a bit Wednesday (December 16) morning as analysts believe the Fed is likely to leave its key interest rate at zero. New data on consumer prices show little change after 10 months of increases, suggesting inflation is not a big enough concern at this point to warrant an immediate rise in rates.
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Wednesday, December 16, 2009
U.S. Dollar Index, End to the Downtrend? / Currencies / US Dollar
By: Guy_Lerner
Figure 1 is a weekly chart of the Dollar Index (symbol: $DXY). In our last look at the greenback I stated: "in all likelihood, this is the end of the down trend for the Dollar Index", and this is now fact! A weekly close over the high of the positive divergence bar (i.e., price bars marked in pink within gray ovals) has stymied the down trend. The highs of these positive divergence bars should act as resistance on the way back up.
Wednesday, December 16, 2009
Paper Fiat Currencies Trampoline Jumping / Currencies / Fiat Currency
By: Adam_Brochert
Watching the national paper fiat currencies rising and falling relative to one another can be interesting, but it is misleading for many of those who take it seriously. When the U.S. Dollar Index is rising, Americans are gaining in their standard of living as it takes fewer dollars to buy things, right? Not necessarily
Tuesday, December 15, 2009
Currency Markets Wait on U.S. FOMC Interest Rate Decision / Currencies / Forex Trading
By: ForexPros
The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tommorow (Dec 16) in the US.The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. Read full article... Read full article...
Monday, December 14, 2009
Currency Traders Look to German ZEW Economic Sentiment Report / Currencies / Forex Trading
By: ForexPros
German traders await publication of the ZEW Economic Sentiment Report, which will be released tomorrow (Dec 14).
The report determines sentiment among German institutional investors, with analysts expecting a slight increase from last month's 50.10 to 50.20.
Saturday, December 12, 2009
What Could Lift the U.S. Dollar? / Currencies / US Dollar
By: Bryan_Rich
The most recent employment data in the U.S. came in significantly better than what was expected. And the financial markets reacted in a different way this time. Interest rates went screaming higher, the stock market surged, gold fell and the dollar shot up.
Friday, December 11, 2009
Sterling’s Politics v the U.S. Dollar and the Euro / Currencies / British Pound
By: Seven_Days_Ahead
The Macro Trader’s view:
This week’s pre-budget report was, broadly speaking, a disappointment. It has been judged broadly fiscal neutral, with all the tough spending decisions deferred until after the General election due by May/June of next year, despite assurances to the contrary by Chancellor Darling.
Friday, December 11, 2009
EUR/USD Bears Emerging From the Woods? / Currencies / Forex Trading
By: Seven_Days_Ahead
The 2009 uptrend in EUR/USD has struggled recently, coinciding with the test of a 76.4% recovery level. There seems to be something in the wind, but the bears need to produce more before we can confidently call for a pullback phase.
Thursday, December 10, 2009
Economic Crossroads Means Opportunities for Local Currencies / Currencies / Fiat Currency
By: Richard_C_Cook
- The crisis of 2008-2009 exposed the U.S. financial system as being unstable, subject to abuse, and tending to favor the rich while putting everyone else deeper into debt.
Thursday, December 10, 2009
Currency Trading for 10th December / Currencies / Forex Trading
By: ForexPros
Fundamental Analysis: US Census Bureau
The US Census Bureau will release the Core Retail Sales report tomorrow (Dec 11).
The report is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US, excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy .
Wednesday, December 09, 2009
U.S. Dollar Weaker Whilst Japanese Yen Gains Strength on Trendline Break / Currencies / Forex Trading
By: ForexPros
Fundamental Analysis: Trade Balance Index
The US Bureau of Economic Analysis will release the Trade Balance index report Tomorrow (Dec 10), which measures the difference in worth between exported and imported goods (exports minus imports).
This is the largest component of the US's balance of payments.
Tuesday, December 08, 2009
The Coming Cyclical Collapse of the U.S. Dollar / Currencies / US Dollar
By: Bob_Clark
Ask not for whom the bell tolls
We are having our first winter blizzard, the windows were rattling all night. There are knee deep snow drifts in places. When I went out to feed the horse this morning, I found a coyote asleep in the hay. I guess he is a little bit deaf because he didn't jump up until I was on top of him. I don't know who was more scared. It was a most pitiful thing to see. Skin and bones. Mottled patchy fur with a hairless tail, except for a little tuft on the end.
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Tuesday, December 08, 2009
U.S. Dollar/ Japanese Yen on a Knife Edge / Currencies / Forex Trading
By: ForexPros
The Reserve Bank of New Zealand (RBNZ) will release its decision on short term interest rate Tomorrow (Dec 9).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
Monday, December 07, 2009
U.S. Dollar Index Bottom? / Currencies / US Dollar
By: Guy_Lerner
It's Monday, and there is no better place to start the week with the only asset that has mattered for the past 8 months - the Dollar. Although Friday's job report brought a spike in the Dollar Index, the down trend remains intact. However, the likelihood of the downtrend ending leading to a counter trend rally or consolidation is now as high as it has been in months.
Saturday, December 05, 2009
Has the Japanese Yen Topped? / Currencies / Japanese Yen
By: Bryan_Rich
The Japanese yen has been the best performing currency over the past two-and-a-half years. Since the unraveling of the subprime mortgage market and the subsequent peak in the carry trade, the yen has soared 38 percent against the U.S. dollar, 21 percent against the euro, 41 percent against the British pound and 23 percent against the well-loved high-yielder, the Australian dollar.
Thursday, December 03, 2009
Japanese Yen Reaches 14 Year High Against U.S. Dollar / Currencies / Japanese Yen
By: LiveCharts
The US dollar continues to find major low points to reach against major foreign currencies and other speculative investments. Gold is now over $1,200 with some top analysts calling for a quick move through the $2,000 level in the near future. Oil remains near $80.
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Thursday, December 03, 2009
Bear Clouds in EUR/JPY Begin to Precipitate / Currencies / Forex Trading
By: Seven_Days_Ahead
For the last few months the EUR/JPY cross rate has been range-trading, unable to push above key overhead resistance. Just recently there was a clear break of a key support area, tipping the scales in the shorter term bears’ favour.
Thursday, December 03, 2009
Currency Markets Move in Tight Range Ahead of U.S. Unemployment Rate Report / Currencies / Forex Trading
By: ForexPros
The US Bureau of Labor Statistics will publish its monthly Unemployment Rate report tomorrow (Dec 4). The report is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US.Read full article... Read full article...