Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
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.
Saturday, August 29, 2009
The Power of the U.S. Fed, Deflation and U.S. Dollar Devaluation / Currencies / US Dollar
By: Adam_Brochert
The non-federal, private federal reserve corporation has a no-bid contract to print money out of thin air and charge U.S. citizens money (interest) for this enormous privilege. Their so-called powers are legion and they are the cause of much distortion and inequality in our economy, to be sure.Read full article... Read full article...
Saturday, August 29, 2009
Global Economic Recovery Good or Bad for the U.S. Dollar? / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: If you’ve followed my commentary on currencies here in Money and Markets, you are well aware of the risk dynamic that has been driving currencies and other financial markets since the middle of last year.
In this crisis environment, market participants have been keenly focused on risk. And the dollar has served as the primary safe haven vehicle for global capital.
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Friday, August 28, 2009
A New World Currency, The Valun Mutual Money Plan As Conceived By E. C. Riegel / Currencies / Fiat Currency
By: Christopher_Quigley
The current economic crisis has brought into broad focus the failings of Government issued money. As pointed out brilliantly by E. C. Riegel in "Flight From Inflation" and "A New Approach To Freedom", the failure of a fiat currency is that it is issued by institutions that provide no enterprise value and thus cause inflation. Inflation is a tax, pure and simple. Debt monetization is deferred bankruptcy. Bankruptcy leads to usurpation. Usurpation can only lead to either of two ends: war or tyranny. Tyranny will take either of three forms: Socialism, Communism or Fascism. All three metastasize through political money. Its enemy is enterprise money.
Friday, August 28, 2009
Forex as an investment of the future, What is Forex, what is investing, what is the future? / Currencies / Forex Trading
By: Elite_E_Services
Origins of Modern Finance - We must reference regulations, because regulations are the framework that the majority of finance operates in. Theories, strategies, and products, which do not fit into regulatory framework, are only hypothetical.
Financial regulations are based on a series of laws created during and after the Great Depression, such as “The Securities Act of 1933” and “The Federal Reserve Act (of 1913) and others. In 1933:
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Thursday, August 27, 2009
British Pound in Precarious Situation, Government Debt Downgrade Coming Soon ? / Currencies / British Pound
By: Frederic_Simons
A lot has been written lately about a possible US Dollar crash. Currently, however, it looks as if a crash in the world's reserve currency has been averted for the time being. Only EUR/USD trading above 1.44 would put the US Dollar crash alert on yellow again.
Wednesday, August 26, 2009
EUR/USD - Range Bound / Currencies / Forex Trading
By: ForexPros
The pair continues to trade within a range starting a few days ago.Read full article... Read full article...
Tuesday, August 25, 2009
The U.S. Dollar is Dying / Currencies / US Dollar
By: LewRockwell
Richard Daughty writes: The Economist magazine had the Buttonwood blog titled “Law of Easy Money,” which immediately gets your hopes up that there is such a thing as “easy money,” which actually exists (just ask Connecticut’s Senator Chris Dodd!), but unfortunately not for guys like you and me who don’t have the political power and grease to extort money and skim taxpayers, which is gratuitously rude and scandalous, I agree, but which only shows the depth of my contempt for the huge, huge, cancerously huge, ridiculously and dangerously incompetent, ignorant and stupid system of governments in America, as exemplified by the despicable Congress and the even more despicable Senator Dodd.
Monday, August 24, 2009
Bottom Formation for U.S. Dollar? / Currencies / Forex Trading
By: Mike_Paulenoff
The next few days of action for the dollar index and the PowerShares DB US Dollar Bull ETF (NYSE: UUP) will be critical to the near- as well as medium-term technical outlook. The ability of the dollar to climb back towards a test of key resistance at 79.50 and 27.70/75 will tell us that the dollar in fact is “using” the month of August to create a significant bottom formation.
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Monday, August 24, 2009
Japanese Yen Fractal Path for the U.S. Dollar? / Currencies / US Dollar
By: Adam_Brochert
Though I keep hearing how we're different than Japan and their lost two decades of deflation (or as close to it as we seem to get in a fiat world), we are making the same foolish mistakes: protecting the financial/banking keiretsu that caused the current mess, burying the bad debt under a cloak of secrecy, and engaging in a massive quantitative easing campaign to "stimulate" the economy.
Monday, August 24, 2009
Euro Dollar Minor Support and Resistance Levels / Currencies / Forex Trading
By: ForexPros
Some minor support and resistance levels have developed. A break of those levels is likely to set the tone for the day.
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