Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, June 30, 2017
Blinded by the Money Illusion - chronology of panics, manias, crashes and collapses / Currencies / Financial Crash
By: Michael_J_Kosares
"Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our lifetimes and I don't believe it will be." – Fed chair Janet Yellen
With those words, Janet Yellen put investors around the world on notice, though probably not in the way she intended. In the past, such smug assurances have been enough to send contrarian villagers heading for the safety of the near-by woods. The informed student of financial history knows that panics, manias, crashes and collapses are as common to investment markets as thunderstorms are to placid summer afternoons. To think that suddenly we have banished their recurrence for "our lifetimes" smacks of the kind of misguided hubris that contributed directly to the 2008 meltdown and subsequent untold financial hardship. Just about the time most everyone came to the conclusion nothing could go wrong, everything went wrong. . . and in a hurry.
Read full article... Read full article...
Thursday, June 29, 2017
USD Intermediate Cycle Update / Currencies / US Dollar
By: SurfCity
USD Cycle Status/Outlook: Short term is a bit cloudy but my preferred count is day 10. Longer term, it is clear that the USD is still seeking out its Yearly Cycle Low (YCL). If my last ICL is correct, we are now nearing the 5 month timeframe is a normal 5-6 mont ICL timing band.
Once the YCL is found, my expectations are that future rallies will be still be corrective in nature against the longer term cycle trend which should now be down. Out of the next ICL, the next IC High should be a lower high.
Read full article... Read full article...
Thursday, June 29, 2017
India Is Likely to Become the First Digital, Cashless Society / Currencies / War on Cash
By: John_Mauldin
BY STEPHEN MCBRIDE : The top news out of India over the past 12 months has been President Modi’s move to ban 85% of the currency in circulation. However, something much more far-reaching has happened.
It’s called India Stack.
Read full article... Read full article...
Thursday, June 29, 2017
GBPUSD rebounded from 1.2589 / Currencies / British Pound
By: Franco_Shao
Being supported by the 20-weekly moving average on its weekly chart, the GBPUSD pair rebounded from 1.2589, suggesting that lengthier consolidation for the long term downtrend from the July 2014 high of 1.7190 is needed.
Wednesday, June 28, 2017
USDCAD Broke Below Channel Support On Weekly Chart / Currencies / Forex Trading
By: Franco_Shao
USDCAD’s fall from the May 5 high of 1.3793 extended to as low as 1.3137 and broke below the bottom support trend line at 1.3230 of the price channel on its weekly chart, suggesting that the uptrend from the May 2016 low of 1.2460 had completed at 1.3793 already.
Read full article... Read full article...
Tuesday, June 27, 2017
USDCNH Broke Above Key Resistance / Currencies / Forex Trading
By: Franco_Shao
USDCNH’s bullish movement from the June 1 low of 6.7210 extended to as high as 6.8583 and broke above the key resistance at the March 15 low of 6.8450, suggesting that the long term uptrend from the January 2014 low of 6.0152 has resumed.
Read full article... Read full article...
Monday, June 26, 2017
EURGBP Is Facing Neckline Resistance / Currencies / Euro
By: Franco_Shao
EURGBP’s bullish movement from the April 18 low of 0.8313 extended to as high as 0.8866. After touching the resistance of the January 16 high of 0.8851, the pair pulled back and formed a sideways movement in a trading range between 0.8719 and 0.8866.
Sunday, June 25, 2017
Dollar May Become “Local Currency of the U.S.” Only / Currencies / US Dollar
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear part one of an amazing two-part interview with Jim Rickards, author of Currency Wars, The New Case for Gold and The Road to Ruin. Jim shares his insights on the Fed’s supposed plan to unwind its balance sheet and what it will mean for the economy and for gold prices. He’ll discuss some potential fireworks involving the U.S. dollar as it continues losing its reserve currency status. Don’t miss a must-hear interview with Jim Rickards, coming up after this week’s market update.
Read full article... Read full article...
Thursday, June 22, 2017
NZDUSD Is Testing Trend Line Resistance / Currencies / Forex Trading
By: Franco_Shao
The NZDUSD pair is facing the resistance of the descending trend line from the September 2016 high of 0.7484 to the February 7 high of 0.7374, now at around 0.7275 on its daily chart. After touching the trend line resistance, the pair pulled back from 0.7319 and formed a sideways movement. All we can do now is to wait for the breakout to occur.
Thursday, June 22, 2017
Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! / Currencies / British Pound
By: Marc_Horn
Our future is endless possibility only limited by our imagination.... our future reality depends on our choices and actions of today!
In December of 2012 MAP Wave Analysis confirmed a long term bull market which is not yet over!
In February 2016 MAP Wave Analysis projected the low in gold is not yet in.
In April 2016 MAP Wave Analysis projected BREXIT will not be achieved and Pound Sterling must make a new historic low. The BREXIT vote narrowly won, but as most are beginning to realise just over a year later that it was a scam and there will never be a break from Europe. Just the rate and commitments of the UK with the EU army are evidence that any "exit agreement" will not return sovereignty to the UK.
Read full article... Read full article...
Thursday, June 22, 2017
Steem Hard Forks & Now People Are Making Even More Money On Blockchain Steemit / Currencies / BlockChain
By: Jeff_Berwick
It has been a year since I first heard the word “Steemit”.
Being involved in the world of cryptocurrencies I hear a lot of things on a daily basis. So much so that I really only have the time and energy to look into a small portion of the interesting things I hear about every day.
And, so it was with Steem. It was last June that a few people began to mention it to me. “You need to take a look at this,” was the general comment.
Read full article... Read full article...
Wednesday, June 21, 2017
Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... / Currencies / Bitcoin
By: Jeff_Berwick
A few days ago, cryptocurrencies sold off quite dramatically.
Bitcoin fell around 25% on average and Ethereum fell around 15% on average across major exchanges.
And as a whole, the entire altcoins market capitalization fell over 20% excluding bitcoin.
At the same time we put out our article, “The US Government Clamps Down on Ability of Americans To Purchase Bitcoin”
Read full article... Read full article...
Wednesday, June 21, 2017
Bitcoin Price Rebound after Correction / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is down from the all-time high but not really down significantly. In an article on CNBC, we read:
Bitcoin quickly bounced back from the lows of June, amid improved sentiment about the future of the digital currency.
Bitcoin traded higher Saturday near $2,680, up more than 20 percent from a June low of $2,185.96 hit Thursday that had erased gains for the month, according to CoinDesk.
Tuesday, June 20, 2017
EURUSD Broke Below Trend Line Support / Currencies / Euro
By: Franco_Shao
Under pressure by the resistance of the November 2016 high of 1.1299, the EURUSD pair pulled back from 1.1295 and broke below the major bullish support trend line at 1.1160 on its daily chart, indicating that a short term top had been formed. Sideways movement in a trading range between 1.1070 and 1.1295 would likely be seen over the next several days.
Monday, June 19, 2017
USDJPY Broke Above Trend Line Resistance / Currencies / Forex Trading
By: Franco_Shao
The USDJPY pair failed to break below the April 17 low of 108.13 and recently moved above the bearish trend line from 111.71 to 110.81 at 110.15 on its 4-hour chart, suggesting that the bearish movement from the May 11 high of 114.36 had completed at 108.81 already. As discussed before, as long as 108.13 support holds, the fall from 114.36 would possibly be correction of the uptrend from 108.13, and another rise to retest the resistance of the March 10 high of 115.50 is still possible after the correction.
Read full article... Read full article...
Sunday, June 18, 2017
The US Government Clamps Down on Ability of Americans To Purchase Bitcoin / Currencies / Bitcoin
By: Jeff_Berwick
You have to feel sorry for Americans. They are some of the most financially enslaved people in the world.
The bankrupt US government has been instituting capital controls for years now and have ensured that Americans can’t open a bank account nor even a bitcoin exchange account outside of the US through things like the Foreign Account Tax Compliance Act (FATCA) and just outright threatening to attack any bank or bitcoin exchange in the world who accepts Americans as clients.
This leaves Americans in the “land of the free” with very few options for bitcoin exchanges.
Read full article... Read full article...
Friday, June 16, 2017
USDCNH Rebounded Away From Channel Support / Currencies / Forex Trading
By: Franco_Shao
After breaking above the bearish trend line from 6.8876 to 6.8351 on its 4-hour chart, the USDCNH pair continued to break above the major resistance at the June 2 high of 6.7918, and is now trades in 6.8200 area, indicating that the bearish movement from the May 9 high of 6.9171 had completed at 6.7210 already.
Friday, June 16, 2017
USDJPY Still Under Pressure / Currencies / US Dollar
By: Franco_Shao
USDJPY stays below the bearish trend line from 111.71 to 110.81 with resistance at around 110.20 on its 4-hour chart, suggesting that the pair remains in bearish movement from the May 11 high of 114.36. As long as the pair is below the trend line, the bearish move could be expected to continue, and next target would be at the April 17 low of 108.13. A breakdown below 108.13 support will indicate that the longer term downtrend from the December 2016 high of 118.66 has resumed, then the pair will find next support at the 61.8% Fibonacci retracement taken from the June 2016 low of 98.97 to 118.66 at around 106.50.
Read full article... Read full article...
Thursday, June 15, 2017
The War On Cash Is Now Becoming The War On Cryptocurrency / Currencies / Bitcoin
By: Jeff_Berwick
The US government is the most bankrupt government in the history of the world. At $19.9 trillion, nothing even comes close. The next closest are the EU and Japan with approximately $9 trillion in debt… not even half as much as the US!
And, when you add up all US government debt and liabilities - which are things already spent but which need to be paid for in the future - it works out to somewhere between $100 and $200 trillion.
Read full article... Read full article...
Thursday, June 15, 2017
The US Dollar Bull Case / Currencies / US Dollar
By: Rambus_Chartology
I see just about everyone has their own theory or trading discipline on where the US dollar is headed next. It’s all these different ideas that make the markets work. Everyone can’t be bullish at the bottom or bearish at the top, it’s just the way it has to be.
For my 2 cents worth I’m still looking at the possible fractal, bullish rising wedge as a halfway pattern to the upside. I did an in depth report on currencies and the US dollar several months ago in which I showed how it could play out. Since that report the US dollar has declined down to the point, where if the fractal is going to work, now is the time for the US dollar to put in its bottom.
Read full article... Read full article...