Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, February 03, 2014
British Pound GBP USD Bearish Reversal / Currencies / British Pound
By: Gregor_Horvat
GBPUSD moved to a new swing high two weeks back but then turned sharply down from 1.6660 level so our count from the past weeks remains valid. We are tracking a complex correction from July 2013 that can be wave E), final leg of a wave (B) triangle pattern. If that is the case then market should move impulsively to the downside while 1.6780 high from April of 2011 must stay in place.
Monday, February 03, 2014
USD/CAD: Corrective Retracement Before Going UP / Currencies / Canadian $
By: Gregor_Horvat
USD/CAD has turned bearish last weeek from around 1.1220 where we see signs of a completed wave (v) of 3 with an ending diagonal formation at the end of extended move that typicaly confirms a bearish reversal. As such, we suspect that pair is now going south or at least sideways in black wave 4.
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Monday, February 03, 2014
Bitcoin Revolution or Trap? / Currencies / Bitcoin
By: James_Turk
From Chapter 18 of The Money Bubble by James Turk and John Rubino:
In the Internet's early days there was general agreement that one of the first killer apps would be some form of cyber-currency. Since money was already largely non-corporeal, existing as entries in bank accounts and ready to spend with plastic cards, the next logical step would be to move the whole thing online and dispense with paper and coins and their costly and burdensome infrastructure of banks, regulators and printing presses. The emergence of such currencies would, in this optimistic scenario, consign relics like the dollar and the Fed to history's circular file and usher in an era of trust, stability, and growth similar to what occurred under the classical gold standard.
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Friday, January 31, 2014
Iran, Pakistan, Malaysia Pathways to Increase Indian Rupee Value / Currencies / India
By: Submissions
Rangaraj Srinivasan writes: The value of the rupee hit an all time low of 68.85 on August 2013. The government and Reserve Bank of India mulled over about currency swap arrangements with its trade link countries during September 2013.Usually, India is using US dollar as its medium of exchange for its exports and imports of its goods and services like most of the other countries in the world. Currency swap arrangements refer to exchanging of their own currencies of countries for their trades instead of universally accepted currency like USD. Suppose India has export and import arrangements with Malaysia. India will receive ringgit for its exports to Malaysia and remit rupee for its imports from Malaysia.
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Friday, January 31, 2014
EUR USD Bearish Wave / Currencies / Euro
By: Gregor_Horvat
EURUSD has turned bearish at the start of January from 1.3900 spike high which we assumed it represents final part of a bullish trend. From there market fell sharply lower almost 400 pips so we assume that pair has completed an ending diagonal. However, a key for a breakdown would be move through the red wave 4) swing low that is placed around 1.3300 figure, still far away from current levels.
Wednesday, January 29, 2014
Taper Tantrums or the Start of an Emerging Markets Forex Crisis? / Currencies / Forex Trading
By: MahiFX
Unwinding the US Federal Reserve's quantitative easing programme was never going to be easy and it has barely started and some emerging market countries are already running into trouble.
So far the worst hit countries also appear to be victims of their own internal problems, such as high current account deficits and political turbulence. In effect, ultra cheap money from the Fed was papering over some serious cracks – similar to what the EUR was doing for years for peripheral Eurozone countries.
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Wednesday, January 29, 2014
USDCAD Forex Analysis - Elliott Wave 3 Near Top / Currencies / Canadian $
By: Gregor_Horvat
USDCAD is moving sharply to the upside for the last couple of weeks since pair managed to move above 1.0660 resistance zone, back from 2011. Sharp and big move in short period of time like this one on USDCAD usually occurs in the middle of wave three of an impulsive price action. As such we adjusted the wave count and around now tracking an incomplete five wave recovery, either in wave (C) or (3). In both cases we expect higher levels, up to 1.1600/1.1700 as long as 1.0600 level holds.
Tuesday, January 28, 2014
Forex Trading Alert: U.S. Dollar Erases Losses / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. currency rose against most of major currencies as expectations that the Federal Reserve will continue to scale back stimulus program this week fueled demand for the greenback. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.
Tuesday, January 28, 2014
Prepare for Currency Chaos / Currencies / Fiat Currency
By: Michael_Pento
On November the 25th I published the following warning about the effects from the Fed’s imminent tapering of asset purchases:
“There is a good chance that the beginning of tapering will lead to a reversal of the trade to sell gold ahead of the news. But the major averages have priced in a sustainable recovery on the other side of QE, which will not come to fruition. For the Dow, S&P 500 and NASDAQ the end of QE will be especially painful. A unilateral removal of stimulus on the part of the Fed will send the dollar soaring [especially against emerging market currencies] and risk assets plunging -- you could throw in emerging market equities and any other interest rate sensitive investment on planet earth.”
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Monday, January 27, 2014
America's Biggest Bank Wants In on Bitcoins / Currencies / Bitcoin
By: Money_Morning
Peter Krauth writes: As we know, most fiscal history has been dominated by a web of central banks.
The central banks are in a race to debase, a trend that's rapidly accelerated over the past decade.
There's a lot of money to be made by issuing money.
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Monday, January 27, 2014
Is the Canadian Dollar This Currency Losing Its “Safe” Status? / Currencies / Canadian $
By: DailyGainsLetter
Mohammad Zulfiqar writes: Not too long ago, I wrote about an economic slowdown in the Canadian economy and how it could take the value of the Canadian dollar even lower. (Read “How American Investors Can Profit from the Canadian Economy’s Demise.”) By no surprise, the Canadian dollar (also referred to as the “loonie”) looks to be in a freefall. Take a look at the following chart.
Saturday, January 25, 2014
Currency Wars Massacre in Emerging Markets, Venezuela, Argentina, Turkey... / Currencies / Currency War
By: PhilStockWorld
By Pater Tenebrarum of Acting Man : Both Venezuela (socialist worker's paradise) and Argentina (nationalist socialist paradise) have a problem with their foreign exchange reserves. In both cases it stems from trying to keep up the pretense that their currencies are worth more than they really are. The central banks of both countries are (and have been for some time) printing money like crazy, and inflation is galloping with gay abandon. Their governments publish misleading economic statistics, that inter alia attempt to hide the true extent of the monetary debasement – in short, their inflation statistics are even more bogus than those of other governments (we are leaving aside here that the mythical 'general price level' cannot really be measured anyway).
Tuesday, January 21, 2014
The Golden China Yuan Currency Is Coming – Here's How to Play It / Currencies / China Currency Yuan
By: Money_Morning
Peter Krauth writes: The U.S. dollar has been the world's de facto reserve currency for almost 90 years.
But this financial dominance may be nearing its end.
In recent years, China's been floating the idea the yuan should take on the dollar's role as the world's reserve currency.
In fact, the Chinese have already negotiated numerous bilateral trade deals that completely bypass it.
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Friday, January 17, 2014
U.S. Dollar Looks Bullish / Currencies / US Dollar
By: Gregor_Horvat
USD Index Weekly
Dollar Index is slow choppy and overlapping within two contracting trendlines for the last few years which we think it represents a triangle pattern, most likely placed in wave B) position. The reason is a five wave rally in wave A) from 2008 low which is first leg of a three wave A)-B)-C) recovery. As such, we will be looking up in wave C) after a completion of a triangle pattern. For now that's not the case yet, as we will need waves D and E before we may turn immediately bullish. In the next few weeks we however expect move up in wave D up to the upper trendline of the pattern.
Thursday, January 16, 2014
Bitcoin Is Defeating Governments and Making Investors Rich / Currencies / Bitcoin
By: Money_Morning
Michael A. Robinson writes: The world's two fastest-growing economies came down hard on Bitcoin in recent weeks.
Dips followed, but ultimately the virtual currency began to slough off the news and continued to gravitate toward a loose, but tightening, trading range.
And as a former senior advisor to a Silicon Valley venture capital firm, I've seen a lot of opportunities to make a killing on technology over the years.
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Tuesday, January 14, 2014
U.S. Dollar, Currencies and Gold Outlook 2014 / Currencies / US Dollar
By: Axel_Merk
Rarely has the future been so clear. Really?? A lot of money has been lost jumping on the bandwagon. Let’s do a common sense check on the greenback to gauge where risks might be lurking and where there might be profit opportunities for investors.
Monday, January 13, 2014
GBP USD Bearish Reversal / Currencies / British Pound
By: Gregor_Horvat
GBPUSD found some resistance recently around 1.6600 figure where we think that pair will form a top even if just temporary. Our primary count suggests that GBPUSD will fall in impulsive fashion because of a big picture with a bearish triangle. But for this confirmed scenario we need an impulsive sell-off back to 1.5500. For us the most important is probability on short-term swings. As such, we are also tracking the second wave count, which is different on a big scale but same on the short-term. We see a completed five waves up that now suggests a three wave retracement back to 1.5900. As such, it seems that GBPUSD will be weakening in the next few weeks.
Sunday, January 12, 2014
GBP/EUR The Currency Pair to Watch for in 2014? / Currencies / British Pound
By: Submissions
Liron Levy writes: It is crystal clear that employment is the economic sector that appears to drive the currency exchange market. No country or economic zone is today boasting that they are out of the woods as to the 2008 global recession. However, the GBP is benefiting from current figures that continue to confirm a strong ongoing improvement in the employment sector. The jobs picture in the UK exhibits falling unemployment, along with a seventh consecutive month of healthy increases in hiring.
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Friday, January 10, 2014
The Parameters of the Coming U.S. Dollar Collapse / Currencies / US Dollar
By: Dr_Jeff_Lewis
Hyperinflation is a dynamic process - much like a positive feedback loop that, once entered, is almost impossible to exit. The process can go on for years. In the feedback cycle, the more central banks print money and buy bonds, the less other entities want to hold bonds.Simultaneously, the less others choose to hold bonds, the more the central bank is forced to buy so that the government has enough money to spend.
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Wednesday, January 08, 2014
Reasons Why The U.S. Government Is Destroying The Dollar / Currencies / US Dollar
By: Dan_Amerman
Overview
The United States government has six interrelated motivations for destroying the value of the dollar:
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Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression, and overt depression with unemployment levels potentially rivaling those seen in the Great Depression of the 1930s.
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It is the most effective way to not just pay down current crushing debt levels using devalued dollars, but also to deal with the rapidly approaching massive generational crisis of paying for Boomer retirement promises.