Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Friday, July 31, 2009
U.S. Dollar Collapse Starting Next Monday ? / Currencies / US Dollar
The trading week finished with a further attack against the US Dollar, reversing a short-lived strenghening of the US Dollar that could be observed during the last two days.
Read full article... Read full article...
Thursday, July 30, 2009
Early Reversal Signs in EUR/USD / Currencies / Forex Trading
Following an early July high of 1.4337 we had, for various technical reasons, adopted a somewhat speculative bear stance in EUR/USD. After an initial move down (to our first ‘profit-taking’ level) subsequent consolidative action eventually sidelined us – but now, the negative signs are creeping back again…
Read full article... Read full article...
Thursday, July 30, 2009
Euro Breaks Below Support / Currencies / Forex Trading
The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.
Read full article... Read full article...
Wednesday, July 29, 2009
One World Currency is Inevitable / Currencies / Global Financial System
I know it sounds impossible, but the world is being forced to a point of having to implement a one world currency. Or at least a one world currency among the major economies – maybe Tunisia might escape.
Read full article... Read full article...
Wednesday, July 29, 2009
EUR vs. USD Currency Forecast Into 2010 / Currencies / Forex Trading
EUR vs. USD formed a rectangular pattern during July 2008 to till date and awaiting for the upside breakout at 1.44 levels. Once it breaks the 1.44 levels, US dollar will depreciate to 1.64 against euro. Due to global economic recovery, investor seeking commodities and equities rather than invest in US dollar.
Read full article... Read full article...
Wednesday, July 29, 2009
The Forex Trading Conundrum / Currencies / Forex Trading
It’s difficult to know what one can say publicly about Forex. If performance is mentioned, it should first be approved by the NFA (as should any marketing material). Comments from insiders and partners are told in trust that it will not be repeated.
Read full article... Read full article...
Tuesday, July 28, 2009
EUR/USD Range Trading Continues / Currencies / Forex Trading
Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed.Read full article... Read full article...
Tuesday, July 28, 2009
Why Weekly Charts are Crucial for Trading Forex Markets / Currencies / Forex Trading
Today I'm going to be looking into why weekly charts are so important in the Forex market.
Read full article... Read full article...
Monday, July 27, 2009
EUR/USD Range Breakout? / Currencies / Forex Trading
We are still in a range which started last Monday, and we have seen two false breakouts in that time.Read full article... Read full article...
Monday, July 27, 2009
British Pound Remains Under Threat of Another Bear Phase / Currencies / British Pound
As with other markets GBP/USD has been broadly consolidative during June and July, with upside attempts being successfully repelled so far. In recent FX Trading Guides we have wondered if the 30-Jun spike to 1.6744 and drop back marked a blow-off move, in preparation for a better bear phase – and we still believe this is a prospect.
Read full article... Read full article...
Saturday, July 25, 2009
U.S. Dollar Became the World's Reserve Currency 65 Years Ago / Currencies / US Dollar
The historic conference in Bretton Woods ended on July 22, 65 years ago. The members of the conference agreed to establish a system of payment based on the US dollar and established the dollar peg with gold. The conference also resulted with the establishment of the International Monetary Fund and the World Bank.
Read full article... Read full article...
Saturday, July 25, 2009
Follow the Money: EuroDollar at Critical Juncture / Currencies / Forex Trading
After a 12% nearly vertical run to new highs in the SPX every trader and investor is asking whether the markets can continue higher or whether we are at or near a top of some kind. For some time I have been using intermarket analysis to help gauge market trend. In particular I have been tracking the relationship between the forex and equities markets and found that a "follow the money" approach is very useful.
Read full article... Read full article...
Friday, July 24, 2009
Euro Poised to Take off! / Currencies / Forex Trading
Purely from a technical perspective, the euro is poised to take off against the dollar. All week long, the euro has consolidated in a tight range roughly between 1.4290 and 1.4100, which resembles a Bull Flag formation readying itself for an upside thrust. If such a thrust unfolds, then we should expect EUR/USD to climb to 1.4400-1.4500 next.
Read full article... Read full article...
Thursday, July 23, 2009
Abandoned U.S. Dollar and Paradigm Shift / Currencies / US Dollar
A paradigm shift is underway, unrecognized inside the US kettle. Its water level is falling and its temperature is rising, even as fewer foreign born cooks stir its contents. The US banking and political leaders errantly pursue a path toward a return to normalcy, when all pathways have been washed out by powerful storms that to do abate and will worsen. Several key developments point to a new global order taking shape, as the Chinese actively work to plant global seeds that result in the Yuan currency serving more of a role in global trade. They will eventually de-throne the USDollar from its primal perch. The USDollar will be used less in global trade. The US$-based assets are being diversified. These developments are gaining traction, power, and publicity.
Read full article... Read full article...
Thursday, July 23, 2009
Towards Integration of the U.S. Dollar and the Euro into a New Global Currency / Currencies / Global Financial System
Michel Chossudovsky writes: With a view to restoring financial stability, World leaders have called upon the Group of 20 countries (G-20) to instigate a new global currency based on the IMF's Special Drawing Rights (SDRs).
The media has presented the global currency initiative as a consensus building process, in which BRIC countries (Brazil, Russia, India and China) would participate in the revamping of the international monetary system.
Thursday, July 23, 2009
US Dollar Collapse Imminent / Currencies / US Dollar
We don't like to make bold predictions. But this time, it is different (famous last words).
You might have seen that we at Crossroads FX tend to trade in a very systematic way, using signals of our proprietary trading system without asking too many questions. But you know, from time to time patterns emerge where you cannot resist.
Read full article... Read full article...
Thursday, July 23, 2009
EUR/USD Trading Sideways Ahead of Upside Breakout / Currencies / Forex Trading
The pair continues to range (so far) within in a 120 pip range over the last couple of days. A breakout will eventually occur, with the bias being higher overall.
Read full article... Read full article...
Wednesday, July 22, 2009
Analyzing the Australian Dollar, Up, Down, and Under / Currencies / Forex Trading
Viewed from the outside, trading in the arcane world of foreign exchange might appear to be quite glamorous. However, attempting to anticipate the next major move in the Euro, yen, or British pound, can be injurious to one’s mental health or pocketbook, especially when schizophrenia often rules the day. Yet despite the enigma that surrounds the $4-trillion per day FX market, when staring at the weekly price charts, the outside observer will notice established and methodical price trends in the currency markets that can last for weeks, months, or even years.
Read full article... Read full article...
Wednesday, July 22, 2009
How to Trade the US Dollar vs. Japanese Yen Video / Currencies / Futures Trading
Today's short video is a follow-up to the video that I published on July 10th for this particular cross rate. MarketClub's "Trade Triangle" technology alerted our members of a sell signal today (7/21) and I wanted to share it with you. The video is short, to the point and shows what I expect will happen to the dollar vis-a-vis the yen in the next several weeks.
Read full article... Read full article...
Monday, July 20, 2009
EUR Pushes Higher Against U.S. Dollar / Currencies / Forex Trading
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level.Read full article... Read full article...