Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, September 11, 2009
Axel Merk Makes a Case for Diversified Currency Funds / Currencies / Fiat Currency
By: The_Gold_Report
Having pioneered the currency asset class as head of Merk Investments, LLC, Axel Merk suggests that these times�with inflation looming, the U.S. dollar failing, equity markets remaining volatile and economic recovery stumbling�might call for investors to further diversify their portfolios with baskets of foreign currencies. Axel, who strongly recommends The Gold Report as a "brilliant resource" in his about-to-be released book (Sustainable Wealth: Achieving Financial Security in a Volatile World of Debt and Consumption), looks at the wider picture too. For instance, he tells us that while a world reserve currency is impractical, ungovernable, unworkable and unlikely, diversification within each country's reserves would make sense in the global economy.
Friday, September 11, 2009
Currency Market Forecasts for U.S. Dollar, Canadian Dollar and Australian Dollar / Currencies / Forex Trading
By: David_Petch
The daily chart of the Canadian dollar index is shown below, with the index in closer proximity to the upper 21 and 34 MA Bollinger bands…not that lower 21 and 34 MA Bollinger bands are in close proximity to the index. This suggests that a breakout to the upside or downside from the consolidation over the past month is probable. The lower 55 MA BB is starting to rise up, suggestive that a decline is probable over the course of the next month.
Friday, September 11, 2009
Fibonacci Projection in EUR/USD Finally Reached / Currencies / Forex Trading
By: Seven_Days_Ahead
For many weeks in the FX Trading Guide we have had a Fibonacci projection marked in on the Daily chart at 1.4545. It has been reached/modestly exceeded this week and we are now waiting to see what reaction now occurs – we have been assuming that a final bull leg was unfolding.
Thursday, September 10, 2009
Euro Dollar Rally Five Wave Mode Rally / Currencies / Forex Trading
By: ForexPros
The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of the channel, which is slowly approaching 1.47. The resistance which stopped yesterday's rise is actually 1.4592 (yesterday's high was 1.4600), and we will adopt it as resistance of the day.Read full article... Read full article...
Wednesday, September 09, 2009
USD Bearish Clamour, The Dollar Won't Go Quietly / Currencies / US Dollar
By: Christopher_Laird
As gold tries to break and hold $1000 it brings up the larger question of how long the USD has to last. At the very least, after the markets digest the debate over deflation which is USD bullish, the question becomes: how long can the USD hold together before it falls in value drastically.
Wednesday, September 09, 2009
Euro Dollar Break Major Resistance / Currencies / Forex Trading
By: ForexPros
The 1.4440-1.4450 was broken yesterday as rates pushed above 1.4500. A successful hold above and/or re-test of the 1.4440 level would confirm another swing higher. This is in alignment with the longer term trend.Read full article... Read full article...
Tuesday, September 08, 2009
U.S. Dollar Tumbles as Euro Dollar Breaks Out / Currencies / Forex Trading
By: ForexPros
The Euro has broken the falling trendline from Aug 27th high, and stayed above it the whole time. That is why, there is still a big probability to surpass 1.4405 and head towards areas above 1.45 for the first time this year, where targets such as 1.4510 and 1.4572 are waiting. We need to see a break of the close resistance 1.4346 to increase confidence. If the opposite happens and we break the 1.4302 support, then we will see a correction of Friday's rise, targeting 1.4245 ideally.Read full article... Read full article...
Monday, September 07, 2009
Forex Trading Trend Lines and Channels Attempted Breaks / Currencies / Forex Trading
By: ForexPros
The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be a big probability to surpass 1.4405 and head towards areas above 1.45 for the first time this year, where targets such as 1.4510 and 1.4572 are waiting.
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Sunday, September 06, 2009
British Pound in a Position of Weakness / Currencies / British Pound
By: Bryan_Rich
In the past month we’ve seen statistics that indicate the recession for major economies will be ending this year. And in some countries, like Germany, France and Japan, their recessions technically ended in the second quarter.
But do these statistics mean better times are ahead for consumers … more jobs … friendlier lending policies? Does a positive quarterly GDP, rising from the steepest global economic contraction in 60 years, mean that the risk of another shock to the global system has diminished?
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Friday, September 04, 2009
USD/CAD, A Recovery from Fibonacci Support? / Currencies / Forex Trading
By: Seven_Days_Ahead
In early June a recovery attempt proved short-lived, with a new downtrend low made at the start of August. This was just above a long term 61.8% retracement level and support is emerging here. It is worth considering recovery possibilities now.
Thursday, September 03, 2009
Euro Dollar Survives Test of Support, USD/ JPY Remains in Downtrend Channel / Currencies / Forex Trading
By: ForexPros
The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important resistance" in yesterday's report. The above mentioned support at 1.4183 will still be the most important for short-term, because a break here will give way to an attempt to reach a lower bottom, below Aug 17th low 1.4045. On the other hand, EURSUD could continue correcting the last drop, and if this move up is corrective as we suspect, it should not break 1.4300, as we can say that this is the most important resistance for the time being. If broken, this move up cannot be classified as a short-term correction, and it will have the ability to fly above 1.44 before the end of the week.Read full article... Read full article...
Wednesday, September 02, 2009
Euro Dollar and JPY Forex Trading for 2nd Sept 09 / Currencies / Forex Trading
By: ForexPros
The Euro dropped from 1.4376 until it reached and tested Fibonacci 61.8% support for the whole move from 1.4045 to 1.4405. The above mentioned Fibonacci support at 1.4183 will be the most important for the short-term, after it survived yesterday's test (yesterday's low 1.4176) , because a break of this specific support will open the door to a trial to find a new bottom below Aug 17th low 1.4045 within this week. Any attempt to go up will have to break through 1.4252 (short-term 38.2% Fibonacci Resistance), and if this attempt is corrective, it should not go higher than 1.4300, as we can surely say that this is the most important resistance for the moment.Read full article... Read full article...
Tuesday, September 01, 2009
Driving a Fiat Currency into a Tree / Currencies / Fiat Currency
By: LewRockwell
Richard Daughty writes: Floy Lilley at the Mises Institute, in her essay at LewRockwell.com, notes that the gold-standard dollar “provided us with nothing less than relative peace and prosperity over a span of 136 years” until that fateful year, 1913.
Tuesday, September 01, 2009
U.S. Dollar on the Move / Currencies / US Dollar
By: Mike_Paulenoff
The PowerShares DB Bull US Dollar Fund ETF (NYSE: UUP) not only is oversold, but also appears to be the beneficiary of flight-to-safety money flows that is reminiscent of last year's stock market plunge. Concurrent with equity market weakness, the dollar has steadily climbed this morning, which has a familiar ring to it from last year’s stock market debacle, which attracted investors into the “safety” of the U.S. currency.
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Tuesday, September 01, 2009
How Will China Handle The Yuan? / Currencies / China Currency Yuan
By: Mike_Shedlock
Inquiring minds are asking "How Will China Handle The Yuan?"
It's a good question, too. Lance Lewis has a conversation with Professor Ryan Krueger in index/a/24294" target="_blank">How China Will Handle the Yuan describing how it might play out. Please click on the above link for one possibility.
Tuesday, September 01, 2009
The U.S. Dollars 2009 Slide, Banana Ben Strikes Again / Currencies / US Dollar
By: Michael_Pento
Just when you thought it was safe to hold dollars, even for just a little while, Fed Chairman Ben Bernanke once again climbed aboard his helicopter and spread some more confetti (US dollars) across the sky.
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Monday, August 31, 2009
September Crucial Month for U.S. Dollar, Fall or Rise? / Currencies / US Dollar
By: EliteGlobal
September 2009 is a crucial period for US dollar because technically it formed a triangular pattern and its breakout will determine the direction of US dollar movement. Most of investors and researchers predicted that the US dollar will depreciate on longer run against Euro but there is possible for either side breakout which is shown below.
Monday, August 31, 2009
Euro Dollar Indecision, USD/JPY Over the Cliff / Currencies / Forex Trading
By: ForexPros
Friday corrected a major portion of the move up on Thursday, and early trading this week has been mixed forming a range.Minor resistance has formed at 1.4310 with further resistance at 1.4320. A climb above will likely target 1.4350 followed by 1.4380 and 1.4400-1.4410.
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Monday, August 31, 2009
U.S. Dollar Crash Count Down Madness / Currencies / US Dollar
By: Mike_Shedlock
It never ceases to amaze me what hype people will believe. The latest is a series of posts by Jim Sinclair who on August 14, started a countdown to dollar oblivion.
Monday, August 31, 2009
British Pound Renewed Weakness / Currencies / British Pound
By: Seven_Days_Ahead
The Macro Trader’s view:
On the 30th July, 4 weeks ago, we wrote a piece entitled “How vulnerable is Sterling”, our conclusion at the time was that we thought it not very vulnerable against the Euro, since we judged, based on available macro economic data available at that time, that the UK looked closer to emerging from recession, than did the Euro zone, and in some respects the UK economy compared favourably against the US economy too.