Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, December 10, 2017
Bitcoin Doesn’t Exist – Forks and Mad Max / Currencies / Bitcoin
By: Raul_I_Meijer
Dr. D: Well, all parts of the system rely on accurate record-keeping. Look at voting rights: we had a security company where 20% more people voted than there were shares. Think you could direct corporate, even national power that way? Without records of transfer, how do you know you own it? Morgan transferred a stock to Schwab but forgot to clear it. Doesn’t that mean it’s listed in both Morgan and Schwab? In fact, didn’t you just double-count and double-value that share? Suppose you fail to clear just a few each day. Before long, compounding the double ownership leads to pension funds owning 2% fake shares, then 5%, then 10%, until stock market and the national value itself becomes unreal. And how would you unwind it?
Saturday, December 09, 2017
Bitcoin Doesn’t Exist – Putting the Banks Out of Business / Currencies / Bitcoin
By: Raul_I_Meijer
Dr. D: The money, the unaccountable, uninhibited release of tokens can do more than just buy centuries of hard labor in seconds, it‘s also a method of control. Banks, our present issuers of money, can approve or destroy businesses by denying loans. They can do this to individuals, like denying loans to unpopular figures, or to whole sectors, like gun shops. They can also offer money for free to Amazon, Facebook, and Tesla, which have no profitable business model or any hope of getting one, and deny loans to power plants, railroads, farms, and bridges as they fall into the Mississippi.
Friday, December 08, 2017
Bitcoin Parabolic Mania / Currencies / Bitcoin
By: Zeal_LLC
Bitcoin’s meteoric skyrocketing this year has been astonishing, captivating traders across the globe. This once-obscure cryptocurrency has exploded into the world’s hottest market. With fortunes being won on paper, everyone is talking about bitcoin. But with its price shooting parabolic, unfortunately this wild ride has all the hallmarks of a classic popular speculative mania. And those all end badly, totally collapsing.
In the annals of financial-market history, the word “mania” is never used lightly. These are very-rare events where some market blasts higher so radically that it captures the popular imagination. The dictionary definitions of mania include “an excessively intense enthusiasm, interest, or desire” and “a pathological state characterized by euphoric mood, excessive activity or talkativeness, and impaired judgment”.
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Thursday, December 07, 2017
Bitcoin Just Smashed Through $12k… Wait, $13k… Now $14k… This Is Getting Ridiculous! / Currencies / Bitcoin
By: Jeff_Berwick
It was less than a week ago that we posted, “Bitcoin Smashes Through $10k... Wait... $11k! What The Fk Is Going On?”
Now, in the last 24 hours, it has smashed through $12k, then $13k and now $14k to a new all-time high over $14,200.
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Thursday, December 07, 2017
Bitcoin Doesn’t Exist – 2 / Currencies / Bitcoin
By: Raul_I_Meijer
Chapter 1 of this five-part series by Dr. D is here: Bitcoin Doesn’t Exist – 1
Chapter 3 will follow shortly.
Dr. D: You have to understand what exchanges are and are not. An exchange is a central point where owners post collateral and thereby join and trade on the exchange. The exchange backs the trades with their solvency and reputation, but it’s not a barter system, and it’s not free: the exchange has to make money too. Look at the Comex, which reaches back to the early history of commodities exchange which was founded to match buyers of say, wheat, like General Mills, with producers, the farmers. But why not just have the farmer drive to the local silo and sell there? Two reasons: one, unlike manufacturing, harvests are lumpy. To have everyone buy or sell at one time of the year would cripple the demand for money in that season. This may be why market crashes happen historically at harvest when the demand for money (i.e. Deflation) was highest. Secondly, however, suppose the weather turned bad: all farmers would be ruined simultaneously.
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Wednesday, December 06, 2017
British Pound Sterling Volatility In Crucial Week of Brexit Talk / Currencies / British Pound
By: ElliottWave-Forecast
Sterling fell versus the dollar earlier this week as Brexit talk between the UK and EU falter at the last minute. British Prime Minister Theresa May is on the race to break the deadlock on the issue of Irish border. Irish border is one of the three key issues required to be settled before the U.K can move on to the next stage of Brexit talk. The next phase of talk involves trade negotiation at the crucial EU summit on December 14.
Tuesday, December 05, 2017
Bitcoin Doesn’t Exist / Currencies / Bitcoin
By: Raul_I_Meijer
A while ago, I asked a regular commenter at the Automatic Earth, who goes by the moniker Dr. D, to try and write an article for us. Not long after, I received no less than 31 pages, and an even 12345 words. Way too long for today’s digital attention spans. We decided to split it into 5 chapters. After we work through those 5, we’ll post it as one piece as well. Dr. D, who insists on sticking with his nom de plume, picked his own topic, and it’s -fittingly- bitcoin. A topic about which one can cover a lot of ground in 12345 words.
Tuesday, December 05, 2017
The Loonie Takes Flight -- BUT a "Labor Miracle" is NOT the Reason Why / Currencies / Canadian $
By: EWI
One day before the jobs numbers went viral, Elliott wave analysis already called for a USDCAD decline
Friday December 1 was a lucky break for loonie bulls. That day, the government agency Statistics Canada revealed the nation's economy added 79,500 new jobs in November, "blowing past" the 10,000 that economists expected. As one major news source described it:
"Canadian dollar posted its biggest gain in nearly three months against its U.S. counterpart on Friday after a stronger-than-expected domestic jobs data fueled expectations for further Bank of Canada interest rate hikes early next year..."
"The labor miracle in Canada continues." (Dec. 1 Reuters)
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Monday, December 04, 2017
Understanding Real Time Forex Trading / Currencies / Forex Trading
By: Kavinesh_A
Forex traders аlѕо trade іn rеаl tіmе. Forex realtime trading іѕ dоnе аt thе foreign exchange rate.
Thе buy оr sell order іѕ рlасеd оn thе live exchange rate. Thіѕ type оf forex іѕ traded bу anticipating currency pair prices based оn thеіr technical analysis аnd оthеr market fundamentals.
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Friday, December 01, 2017
Bitcoin Possible Correction / Currencies / Bitcoin
By: Mike_McAra
Bitcoin might be expensive according to Vítor Constâncio, Vice President of the European Central Bank. In his interview with CNBC, we read:
Investors flocking into bitcoin are taking a risk by buying at such high prices, the vice president of the European Central Bank (ECB) Vitor Constancio told CNBC Wednesday.
"It's a very particular asset, it's a speculative asset by definition looking to the developments in its price. Investors are taking that risk of buying at such high prices," Constancio noted.
Thursday, November 30, 2017
Long-tail Pin Bar On BTCUSD Daily Chart Suggests Trend Reversal / Currencies / Bitcoin
By: Submissions
Bartosz Kali writes: After a phenomenal and very surprising run, the price of Bitcoin in relation to the US dollar is showing signs of retreating into a inevitable correction.
On a daily chart of BTCUSD as shown by price data from Bitstamp, we can clearly see a long-tail Pin bar indicating a trend reversal.
Long-tail pin bars are usually an indication of a strong rejection of a bullish run by the market and it is very often followed by a period of trend reversal.
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Thursday, November 30, 2017
US Dollar Index Monthly Chart / Currencies / US Dollar
By: Austin_Galt
5 point broadening top in play with recent low at 91.01 likely the point 4 low. If correct, price now headed to point 5 high. Could even develop into very bearish 7 point broadening top in time.
Recent low around support from the 88.6% angle of the bullish Fibonacci Fan and the 76.4% angle from the bearish fan. Next resistance likely to be around the 88.6% angle from the bearish fan.
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Thursday, November 30, 2017
Three USD Markets Point One Way! / Currencies / US Dollar
By: Enda_Glynn
Hi everyone,
We got an indication today of how much the idea of Bitcoin has penetrated society.
FOMC member Dudley says that the Fed is starting to think about its own digital currency.
I found that ironic,
Seen as the lions share of FIAT currency itself is digitally generated
through credit emission in the banking system and monetized government debts!
Simply put;
The USD is the biggest digital currency, and it dwarfs bitcoin by several orders of magnitude.
It seems that the FED itself does not realize its own game.
Wednesday, November 29, 2017
GBPJPY Failed To Break Below 146.93 Support / Currencies / British Pound
By: Franco_Shao
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation of the uptrend from 135.59 and another rise could be expected after the consolidation.
Tuesday, November 28, 2017
Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive / Currencies / Bitcoin
By: GoldCore
– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017
– Irrational exuberance arguably main driver of price performance
– Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning
– Buyers need to be aware of hacking and security risks
– Other primary risks to widespread adoption is volatility and liquidity risk
– World’s largest online trading platform IG Markets suspends BTC trading
– Volatility of cryptocurrencies and risky world of fiat make gold attractive
Sunday, November 26, 2017
Bitcoin Soars To Nearly $9,000 As Cryptos Continue Massive Surge / Currencies / Bitcoin
By: Jeff_Berwick
Another day, another $20 billion rise in the value of the cryptocurrency space.
Ethereum and Bitcoin Cash played a big role in the rise of the space as a whole over the last few weeks and most cryptos were heavily in the green again today. But, today’s big rise in the overall market cap of the crypto space is mainly attributed to bitcoin rising another 8% today.
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Sunday, November 26, 2017
EURUSD Weekly Analysis / Currencies / Euro
By: Franco_Shao
EURUSD extended its bounce from 1.1554 to as high as 1.1944, breaking above 1.1879 resistance. Further rise to test test 1.2092 resistance would likely be seen in the coming days, a breakout of this level will confirm that the uptrend from 1.0340 (Jan 3 low) has resumed, then next target would be at 1.2500 area.
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Saturday, November 25, 2017
Cryptocurrencies Continue To Break All-Time Highs / Currencies / Bitcoin
By: Jeff_Berwick
In the last 24 hours, cryptocurrencies have risen $12 billion in value to $264 billion.
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Saturday, November 25, 2017
Bitcoin Price Moves above $8,000 to All-time High / Currencies / Bitcoin
By: Mike_McAra
The recent action in Bitcoin probably makes it relatively easy for the media to write stories about the currency. For some time now, we have consistently seen titles on Bitcoin’s sequence of all-time high and sometimes the move up is linked to the denial of a proposed change in the network, called SegWit2x. In an article on CNBC, we read:
Bitcoin hit a fresh all-time high Monday above the $8,000 mark after a wild week for the cryptocurrency.
On Monday around 12:25 p.m. London time, it hit a record high of $8,121.56, according to data from industry website CoinDesk. Bitcoin first broke the $8,000 handle on Sunday.
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Friday, November 24, 2017
Cryptocurrencies Happy Thanksgivine Blast Through A Quarter Trillion Dollar Market Cap / Currencies / Bitcoin
By: Jeff_Berwick
For some reason, most people are only thankful for a few days every year. Why they aren’t thankful and grateful for everything they have every day is anyone’s guess.
But, today is the day that most people celebrate a government mandated holiday based on mostly lies about how Europeans committed genocide on the North American continent.
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