Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, September 17, 2009
Buy the U.S. Dollar / Currencies / US Dollar
By: Anthony_Cherniawski
Whatever happened to the Yen carry trade?
Japanese overnight interest rates are still lower that the U.S. (10 basis points versus 25 basis points). However, the three month Libor rates show that it has been cheaper to borrow dollars rather than yen. In addition, the yen has been appreciating against the dollar since 2002. So those having to buy back yen (to unwind a carry trade) have had the extra burden of currency appreciation working against them.
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Thursday, September 17, 2009
Euro Dollar Breaks Through Resistance Signaling Powerful Uptrend / Currencies / Forex Trading
By: ForexPros
The euro broke above the rising trend channel for the first time, reaching a new high for this year at 1.4746, and leaving any expectation for a correction to start in these areas, in very bad shape. A break to the upside in a rising channel is usually a signal that shows how powerful the uptrend is, which makes it only logical to expect more gains for the European single currency.Read full article... Read full article...
Wednesday, September 16, 2009
US Dollar USD Index Important September Update / Currencies / US Dollar
By: INO
My wife and I just got back from cruising the Maine coastline and we were blessed with great weather and calm seas. When I got back to my summer home and had access once again to the internet, I immediately started looking through the MarketClub charts. It was then that I realized that it has been sometime since I last did a video on the Dollar Index.
Wednesday, September 16, 2009
Euro Dollar Hits Resistnce Topping Area / Currencies / Futures Trading
By: ForexPros
Reaching the top of the channel at 1.4684, but not breaking it, the Euro is still inside the suggested area for a top. The top of the channel is slowly approaching 1.47, more accurately it is currently at 1.4691. And between here and 1.4720 we have a good resistance that can curb this slow rise. If this happens, we will break 1.4654 and head towards the short-term 61.8% Fibonacci support at 1.4607, which the euro needs to hold above to survive the expected correction.Read full article... Read full article...
Tuesday, September 15, 2009
Euro Dollar Continues Top Making Formation / Currencies / Forex Trading
By: ForexPros
The Euro held above the suggested support 1.4501 and rallied to a new top for this trend at 1.4650, which is still inside the suggested area for a top. The top of the channel is currently at 1.4682 and this will be a curtail resistance, that could stop the current rise and force a correction of good size.Read full article... Read full article...
Monday, September 14, 2009
U.S. Dollar Entering Free Fall Crash Territory / Currencies / US Dollar
By: Larry_Edelson
Martin’s off this week. So I’m writing you today from Asia with a passionate plea to our country — to its citizens and especially to our leaders in Washington.
We are now the laughing stock of Asia. Our dollars are no longer respected; our ambitions, no longer mimicked.
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Monday, September 14, 2009
Euro Dollar Corrects After Hitting Resistance / Currencies / Forex Trading
By: ForexPros
As we have expected, the rise stopped between 1.4620 & 1.4667, and from there we have seen a correction that reached 1.4515 until this very moment. We still believe that this correction is targeting 1.4459 at the very least, and that it could go all the way to 1.4357. But, before we feel over-excited for this correction we should see a break of short-term support 1.4501, and after that we can talk about the ideal targets such as 1.4459, 1.4408, or 1.4357.Read full article... Read full article...
Saturday, September 12, 2009
Governments Competing to Keep Their Currencies Weak / Currencies / Fiat Currency
By: Bryan_Rich
Many governments are warning about the risks that may undermine economic recovery. And a lot of that concern is surrounding the value of their currency.
Since March, most currencies have risen sharply against the U.S. dollar. As investor appetite for risk has progressively improved, there has been less demand for the safe haven value of holding dollars and more demand for higher risk/higher return foreign currency denominated investments.
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Saturday, September 12, 2009
Unusual Currency Market Action as U.S. Dollar Damage Results in Yen Strength / Currencies / Forex Trading
By: Ashraf_Laidi
Current price action in currencies may be sending some interesting signals. Broad dollar damage is being accompanied by broad yen strength, which is an unusual pattern when risk appetite is on the rise. This suggests that dollar weakness is not necessarily a reflection of improved risk appetite but of secular weakness in the greenback (as a result of Chinese gold purchases and most importantly hedge funds testing key dollar support levels vs. EUR (1.4620) GBP (1.67) and AUD (0.8640-50s).
Friday, September 11, 2009
U.N.’s Anti-Dollar Talk a Problem of Our Own Making / Currencies / US Dollar
By: Rep_Ed_Royce
A new report from an organization called the U.N. Conference on Trade and Development (UNCTAD) calls for the U.S. dollar to be ditched and replaced with a new global reserve currency. Why is it that the U.N. always concludes that central is better? This discussion, of course, has been prodded by our country's financial crisis and drunken sailor-like spending.
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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.