Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, May 10, 2009
Reflation Trade Continues, Euro Heading Higher / Currencies / Euro
By: Mike_Paulenoff
The developing technical set-up in the Euro-$ could have extremely bullish
potential largely because the pattern since last October can be construed as
a double bottom (Oct-Mar) followed by an initial upmove from 1.2450 to
1.3735, followed by a pullback into the April 22 low that was contained
ABOVE the double bottom lows. And then, during the last two weeks, another
rally has emerged that is pushing up against key resistance at 1.3680-1.3735
- as the price structure climbs above its 50 and 20 DMA¹s ahead of its
upside breakout!
Sunday, May 03, 2009
U.S. Dollar Index Analysis and Forecast / Currencies / US Dollar
By: David_Petch
The US Dollar Index has been experiencing weakness over the course of the past few days and is challenging present support levels, which if broken, could see a dip to 82-83. Analysis today will illustrate various trends in the USD and what to expect over the course of the next few weeks.
Wednesday, April 29, 2009
U.S. Dollar Turned Back at Yen 100 / Currencies / US Dollar
By: LiveCharts
The dollar seemed on the fast track to cruise past 100 yen and beyond recently. During the six week long stock market rally, the dollar surge to a high point of 101 yen on April 6th. However, as the Dow has flattened and held above 8,000 the last couple weeks, the dollar’s momentum against its Japanese counterpart has waned.
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Saturday, April 25, 2009
Gold and China's Global Currency Threat to the U.S. Dollar / Currencies / China Currency Yuan
By: Julian_DW_Phillips
For years now we have been warning of the decline of the $ as the globe's reserve currency. The threat is not so much that the monetary policies of the U.S. are cheapening the worth of the $, but that these are pressing so many other nations to search for ways to avoid the US $ in international dealings. China has now taken a momentous, structurally adjusting step to change matters in their favor.
Thursday, April 23, 2009
Chinese Global Currency Strategy Challenge to U.S. Dollar and Gold / Currencies / Global Financial System
By: Jim_Willie_CB
In a series of maneuvers, Chinese officials have revealed their strategy implementation in a very broad set of steps. Beijing leaders plan to establish the yuan currency as a global reserve currency. The process will be made more complete after issuance of a large volume of Chinese Govt debt securities, soon in coming. The number of policy actions is impressive. While the USGovt is busy stepping backwards with FASB rules enabling false bank accounting, gearing up Treasury programs to direct colossal elite welfare / confiscation to failed banks responsible for the crisis, covering up Wall Street fraud and regulatory lapses and debt rating agency collusion, and ordering pork like the $9 billion high speed train from Disneyland to Las Vegas, the Chinese are making important meaningful critical strides.
Thursday, April 23, 2009
U.S. Dollar Setting up for a Decline Into End of Month / Currencies / US Dollar
By: ForexPros
The USD suffered a violent whipsaw today first rising to highs during early New York trade before reversing to make lows against some pairs and end mixed. Rising to highs against the GBP, low prints were hit early as stops and aggressive selling dropped the rate to a low print 0f 1.4395 before short-covering and aggressive buying lifted the pair back to the 1.4500 handle to hold around 1.4510/20 area most of the day.
Wednesday, April 22, 2009
U.S. Dollar to Weaken Due to Underlying Fundemental Weakness / Currencies / Forex Trading
By: ForexPros
The USD ends mixed today after reaching critical S/R numbers after the open and ahead of the London fix. The BOC announced a 25 BP cut in interest rates lifting the USD/CAD sharply higher as stops over the 1.2400 area fired off topping the rate at 1.2509 before cooler heads prevailed. The rate fell back as late buyers were disappointed finding sell-stops in-range bringing the rate back under the 1.2400 handle eventually making a new low on the day at 1.2324; traders now feel the rate has completed a retracement against the recent weakness and with an inverted hammer formation on the daily charts more losses are likely.
Tuesday, April 21, 2009
U.S. Dollar Immediate Term Rally Setting Scene for Sell off Into End of the Week / Currencies / Forex Trading
By: ForexPros
The USD ends the first day of the week on a high note making gains against the majors with the exception of the Yen; analysts note that the USD/JPY is holding below the monthly opening range suggesting a technical correction is finally in play.
Sunday, April 19, 2009
Global Deflation and Currency Manipulation Boosts the U.S. Dollar / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: This week there was plenty of data to digest from the financial markets and the overwhelming theme was — more of the same.
If you missed it, here’s a run-down …
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Friday, April 17, 2009
Fed Using Currency Swaps to Boost the U.S. Dollar / Currencies / US Dollar
By: Eric_deCarbonnel
Currency swaps are of reciprocal currency agreements (swap facilities) between central banks. The officially purpose of such agreements are explicitly of short term and are intended to finance short-term capital flows believed to be seasonal or temporary in nature. Swap agreements are also misused to facilitate large interventions in foreign exchange markets, which is what is occurring with the dollar today.
Thursday, April 16, 2009
U.S. Dollar Continues to Top / Currencies / Forex Trading
By: ForexPros
The USD held minor gains against some pairs today but ended the day mixed as cross-spreaders took gains off the table and put the majors into near-term S/R; traders note that stops in range and US data today contributed to intraday volatility but by the end of the day the majors held key S/R putting the Greenback back on the defense through the end of the week.
Wednesday, April 15, 2009
U.S. Dollar Doomed as Global Demand for Dollars Slows / Currencies / US Dollar
By: Money_and_Markets
Happy Tax Day! As you fork over money to the IRS, you might want to take a closer look at the U.S. dollar. It could very well be turning into a ticking time bomb inside your wallet.
Wednesday, April 15, 2009
Risk Aversion Returns as Stock Markets Fail at Resistance / Currencies / Forex Trading
By: Ashraf_Laidi
Global risk aversion gradually returns as equity indices struggle in passing the earnings test. Our oft-mentioned 860-865 target in the S&P500 denoting the +30% rally mark from the March low was tested without success, further highlighting the significance of the implications for the latest equity rally. Although the S&P500 breached above the 50 and 100-day moving averages, these moving averages stand halfway between the 200-day MA (989) and the March low (666). Read full article... Read full article...
Tuesday, April 14, 2009
U.S. Dollar Continues to Weaken / Currencies / Forex Trading
By: ForexPros
The major pairs continued to advance during New York trade as technical traders pressed thin conditions to find reported resting stops in most pairs. Initially firming up at the start of Asia the Greenback gave back early gains as the day wore on with most traders complaining of thin conditions and patchy volumes.Read full article... Read full article...
Monday, April 13, 2009
Fundamentals Still Point to U.S. Dollar Weakness / Currencies / Forex Trading
By: ForexPros
The Easter holiday weekend continues for one more day as some Asian markets were closed overnight leaving the USD unchanged-to-lower from Thursday as traders focused mainly on the crosses into the start of New York this morning. Volumes were understandable light and traders note two-way action dominated by tech factors continued. Equities were higher overnight to start this week adding a bit to risk-acceptance putting the Greenback under slight pressure but the main focus remained the crosses with Yen rising against most of the major pairs; Read full article... Read full article...
Monday, April 13, 2009
China's Proposal for a Super-sovereign Global Reserve Currency System / Currencies / Global Financial System
By: Global_Research
Proposal of the Governor of the People's Bank of China presented to the G20 Meetings - The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate world economic growth, which was one of the purposes for establishing the IMF? There were various institutional arrangements in an attempt to find a solution, including the Silver Standard, the Gold Standard, the Gold Exchange Standard and the Bretton Woods system. The above question, however, as the ongoing financial crisis demonstrates, is far from being solved, and has become even more severe due to the inherent weaknesses of the current international monetary system.
Sunday, April 12, 2009
Are the U.S. Dollar's Safehaven Days Numbered / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: It’s not hard to understand the relationship of the dollar with human emotions like greed and fear. And that relationship is rarely more visible than it is today …
When investors are willing to take on more risk, stocks, emerging market currencies and commodities all bounce. On the other hand, when fear is prevalent, the dollar soars, Treasuries take off, and gold starts sniffing towards $1,000 an ounce.
Wednesday, April 08, 2009
U.S. Dollar Rally Lacks Conviction / Currencies / US Dollar
By: ForexPros
The USD held gains today as risk-aversion in equities prompted dollar-buying pushing the majors into key S/R at the start of the day. Although the Greenback is higher across the board today volumes were lighter and traders noted quality buying of the majors into the lows. Confirmed sovereign and semi-official names were seen buying EURO and GBP on the dips holding those pairs off their early New York lows. Read full article... Read full article...
Tuesday, April 07, 2009
Money Printing Ensures Australian and Canadian Currencies Set to Rise / Currencies / Forex Trading
By: Dudley_Baker
Listen, can you hear it?
Yes, it is the sound of printing presses going 24/7 around the world.
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Tuesday, April 07, 2009
U.S. Dollar Correction Higher Significant Selling Opportunity / Currencies / Forex Trading
By: ForexPros
The USD continued to correct higher trough today’s New York trade reaching the best levels of the day against the majors shortly after the London fix; despite the rise in the Greenback the majors held important S/R levels during the day and remains in two-way action into the close. Technical trade was the rule for the most part as the lack of economic news kept traders focused on near-time price levels with stops helping to drive most of the intraday action.Read full article... Read full article...