Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, August 23, 2009
Canadian Government Economic Stimulus Threatens the Loonie / Currencies / Canadian $
By: Money_and_Markets
Bryan Rich writes: caught its cold. And the currency of this key U.S. trading partner has since become a victim of the ebb and flow of global risk appetite.
For instance, last year, when uncertainty was high and money fled to the center of the global economy, the U.S. dollar and the Canadian dollar fell sharply.
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Thursday, August 20, 2009
Euro Dollar Rally Stalls at Resistance / Currencies / Forex Trading
By: ForexPros
1.4260 proved to be a strong resistance level, stalling the EUR surge yesterday. Currently the pair appears to be forming a continuation pattern. But a break below 1.4180 is likely to see a further slide. Support is at 1.4150, 1.4120 and 1.4100.A move higher is more likely at this point. If 1.4260 is exceeded it indicates another move higher. Initial target is 1.4310 followed by 1.4380.
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Wednesday, August 19, 2009
Euro Dollar Just Above Important Support Level / Currencies / Forex Trading
By: ForexPros
The pair is currently just above an important level between 1.4130-1.4120. A drop below , especially with confirmation from penetration of 1.4100, is likely to test 1.4050. The target and support beyond is at 1.4000.
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Tuesday, August 18, 2009
Euro Pullback Downside Targets / Currencies / Forex Trading
By: ForexPros
There is a band of resistance between 1.4120-1.4140 which so far has held. There was a downward break from a longer term pattern yesterday, and this is the likely pullback point after the breakout.
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Monday, August 17, 2009
EURO DOLLAR Outlook for Today / Currencies / Forex Trading
By: ForexPros
The pair is approaching support between 1.4100 and 1.4120. A bounce off this level indicates a move higher to rest resistance between 1.4260 and 1.4280. A break above indicates another move higher and a test of further resistance at 1.4320.
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Monday, August 17, 2009
British Pound Rally Hits the Buffers But Sellers Should be Cautious / Currencies / British Pound
By: Seven_Days_Ahead
The Technical Trader’s view:
Sunday, August 16, 2009
U.S. Dollar Unusual Behaviour Despite Continuing Risk Taking Environment / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: Last week the U.S. reported better-than-expected employment data. And the markets liked it. Stocks rallied. Yields advanced. And the dollar actually moved higher.
A move higher in the dollar on good U.S. economic data might make perfect sense in most environments. But in this crisis environment, it’s unusual …
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Friday, August 14, 2009
Will NZD/USD Currency Bulls Soon Tire? / Currencies / Forex Trading
By: Seven_Days_Ahead
Continuing the theme from the last FX Update on the US Dollar Index and a possible final downleg unfolding there we look at a similar (but reversed) chart structure in NZD/USD where bulls could be steadily scraping towards the bottom of the barrel..
Friday, August 14, 2009
U.S. Dollar Bull Market Trend Forecast 2009 Update / Currencies / US Dollar
By: Nadeem_Walayat
This analysis seeks to update the existing U.S. dollar analysis of January 2009 by evaluating whether or not the U.S. Dollar bull market remains intact and to project a trend for the USD into year end. The sideways trend of the USD for the past 6 months in the wake of the "Quantitative Easing" headlines that has repeatedly brought the Dollar collapse proponents back out of hibernation on each down leg has shown little deviation from the road map of 20th Jan 09 as illustrated by the below original price chart.
Thursday, August 13, 2009
U.S. Dollar Pressure (Countdown) Toward Breakdown / Currencies / US Dollar
By: Jim_Willie_CB
The Paradigm Shift continues to displace the power centers and introduce new ones. Those bright souls who ignore the shift will be well prepared for systems that soon do not stand. The Americans are the last to know, oblivious to the global shift in progress. They continue to seek a return to normalcy, when old conditions are as gone as a baby’s innocence during teen years. The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted.
Thursday, August 13, 2009
Euro Dollar Short-term Widening Range / Currencies / Forex Trading
By: ForexPros
The pair is in a short term widening range, with bias currently to the upside. A push above 1.4250 would confirm, with a target of 1.4310. 1.4340 and 1.4380 are resistance levels beyond.Read full article... Read full article...
Wednesday, August 12, 2009
Euro Dollar Short-term Range Breakout / Currencies / Forex Trading
By: ForexPros
A rather tight range yesterday. A break above the 1.4190 indicates a short term break of the range and a target of 1.4220. The target beyond is 1.4320 if the pair continues to push higher.
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Wednesday, August 12, 2009
The U.S. Dollar Comes to the Rescue of Consumers / Currencies / US Dollar
By: Paul_J_Nolte
The almighty dollar has come to the rescue and just in the nick of time, as our hero – the consumer – was nearly out of cash and unable to spend to keep the giant economy moving. So the government waved their magic wand and poof a few billion dollars were created and tossed to those wanting to be ecology minded, who then traded in their big ugly vehicle for a nice new, more efficient one. Voila, not only do we have economic growth, but too the specter of employment to create these cars and all the other items the consumer will want now that the can spend again.
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Tuesday, August 11, 2009
EUR/USD - Continued EUR Weakness? / Currencies / Forex Trading
By: ForexPros
The EUR lost more ground yesterday dropping below support at 1.4160. That level has now become upside resistance.
A drop below the recent swing lows just above 1.4100 indicates another swing lower and a target of 1.4040. Further support is at 1.4000.
A push above 1.4170 will try to test recent swing highs at 1.4220. Target beyond this on a further rise is 1.4320.
Tuesday, August 11, 2009
Back to the Future for the US Dollar, Addendum- The Japanese Yen / Currencies / US Dollar
By: The_BullBear
This is an addendum to the recent BullBear Market Report:U.S. Dollar May Soon Confirm a Secular Bear Trap Trend Reversal
Yen Carry Trade
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Monday, August 10, 2009
U.S. Dollar Index the Key to Financial Market Dynamics / Currencies / US Dollar
By: Guy_Lerner
Over the next couple of weeks, I will attempt to put together an asset class road map that should help navigate the weeks and months ahead. In a nutshell, I would have to state that I like commodities over long term Treasury yields and equities, and the key driver will be the falling US Dollar Index.
Monday, August 10, 2009
EUR/ USD Set to Continue Fridays Fall / Currencies / Forex Trading
By: ForexPros
Charts are setting up for a continuation of Friday's fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000.
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Sunday, August 09, 2009
U.S. Dollar May Soon Confirm a Secular Bear Trap Trend Reversal / Currencies / US Dollar
By: The_BullBear
In the last BBMR we focused on the US Dollar and concluded that a major break of very long term support was imminent and that a substantial devaluation of the greenback vis-à-vis its major currency pairs and commodities was likely. It’s always healthy to revisit one’s conclusions in light of developments in the market. Recent action has caused me to reevaluate and question the bearish view on the USD and commodities as well. I think that there is a valid bullish case to be made for the Dollar as well as a bearish case for gold, silver, oil and other commodities. I will explore these views in this report.
Friday, August 07, 2009
US Dollar Index, Third and Final Bear Market Downleg? / Currencies / US Dollar
By: Seven_Days_Ahead
An earlier failed attempt to embark on a recovery phase, thwarted by a 23.6% resistance area, has seen the Dollar Index slipping lower. However, it could be that this is a final downleg…
Friday, August 07, 2009
U.S. Dollar Crash in September/ October 2009 Rumours / Currencies / US Dollar
By: Christopher_Laird
There have been disturbing stories/rumors going around that the USD is poised for a crash episode in the Fall. The stories are basically anecdotal. One suggests that US embassies have been told to gather a year’s local currency in their host country. That is one example.