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Market Oracle FREE Newsletter

Category: Euro

The analysis published under this category are as follows.

Currencies

Wednesday, December 22, 2021

Euro: Look at This Head & Shoulders Chart Formation / Currencies / Euro

By: EWI

Learn about the "head and shoulders" measuring formula

You are probably familiar with the classic "head and shoulders" chart pattern.

But, in case you need a refresher, here's a brief description of a head and shoulders top:

The high of an initial upward move is the left shoulder. After a decline, another upward move takes prices to a higher high, or the head. A second decline follows the head. A third rally then takes prices to a peak below the high of the head, and becomes the right shoulder. The left and right shoulders are often similar in duration and extent. A trendline connecting the two lows is called the neckline. When prices penetrate the neckline, a change of trend is believed to have occurred.

Read full article... Read full article...

 


Currencies

Saturday, February 20, 2021

Technical Analysis of EUR/USD / Currencies / Euro

By: Submissions

The strength in US long-term yields is beginning to put downward pressure on the Euro as the dollar gains traction. The exchange rate is starting to edge through a critical support level, while the exchange rate is also oversold. Medium-term momentum remains negative, pointing to a lower exchange rate on the EUR/USD. The EUR/USD weekly forex trading chart shows that the currency pair topped out in January and appears to have broken through trend line support. The daily charts show a similar picture but also show that the exchange rate is oversold an might have moved too far too fast.

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Currencies

Thursday, May 23, 2019

The Euro Is Bidding Its Time: A Reversal at Hand? / Currencies / Euro

By: Nadia_Simmons

Relentlessly, the USD Index keeps pushing higher. The euro has come under pressure earlier today though it looks to have stabilized. How close are we to the euro flashing a buy signal and how strong would that have to be to make us act? Is it time to change sides and make another quick buck or two this way? And what about the rest of our profitable positions?

Read full article... Read full article...

 


Currencies

Friday, April 26, 2019

The Euro Is Down. But Is It Really Out? / Currencies / Euro

By: Nadia_Simmons

We’ve seen quite decent currency moves in recent days. And the market ain’t exactly sleepy today, either. Let’s put these moves into the picture. The implications lead us to make serious decisions. Is there a more pleasant sound than ringing a cashier’s bell? Ringing YOUR cashier’s bell, that is. Just see what we’ve exactly decided to do right now.

Read full article... Read full article...

 


Currencies

Wednesday, April 03, 2019

Euro Dollar Price Bottoming Setup / Currencies / Euro

By: Chris_Vermeulen

The Euro Futures chart is highlighting recent support and our proprietary Fibonacci price modeling systems are suggesting that a current support zone may be setting up for a decent upside move to near 1.15.  Momentum has stalled to the downside after the Brexit kerfuffle.  It is our opinion that this move to near 1.125 will likely hold as support and prompt an upside price move towards the 1.15 price level.

Volatility within the ZE is normal and this type of price rotation appears to continue.  An upside bottom/base near 1.125 may prompt a larger upside price swing in the Euro Futures because it relates a “higher low” price formation following Fibonacci Price Theory.  This set would indicate that a “lower low” attempt has failed and would suggest that the Euro Futures price would now attempt a new Higher High (above 1.155).

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Currencies

Monday, February 11, 2019

EURO Crisis Set to Intensify: US Dollar Breakout Higher / Currencies / Euro

By: FXCOT

Major U.S. indexes have crossed or are nearing their 200-day moving averages and the number of stocks setting 52-week highs is on the rise, among other indicators favored by portfolio managers and investment gurus trying to divine the market’s next move. The rally is widely seen as resulting from a more cautious rate-increase outlook from the Federal Reserve and continuing faith in the U.S. economy. But those factors haven’t quelled concerns about U.S.-China trade tensions and a potential slowdown in corporate earnings that would spell trouble for the nearly decade-old bull market.

The SPX after breaking down into the end of 2018 has now regained poise. The rally of the lows has been broad based as shown below.

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Currencies

Sunday, November 04, 2018

5 Major Factors Affecting the Direction of EUR/USD / Currencies / Euro

By: Andrew_Cioffi

The EUR/USD pair is a major trading pair at the markets. According to https://www.Forexobchodnik.sk  the volume of trade recorded each day for this pair is the highest of any other pair at the exchange market. In order to get a proper insight into what factors affect the direction of this par, a little background is important for each of the units on the pair. To start with, the Euro is the largest currency in Europe and it is the second largest in the world – only behind the US dollar/

Read full article... Read full article...

 


Currencies

Tuesday, October 09, 2018

Euro Vulnerable as Slowing Growth Reveals Underlying Issues / Currencies / Euro

By: Submissions

Deb Shaw writes:

  • Economic indicators point to a worsening slowdown in the Eurozone
  • As growth slows, cracks are beginning to appear, starting with Italian financial markets
  • After engineering a massive trade surplus, Eurozone now reliant on its trading partners

In our last commentary on the euro in late August, we wrote that the common currency was set to weaken further thanks to (1) slowing growth, (2) slowing inflation and (3) an outsized speculator long position in euro futures and options. Following the publication of our last commentary, EUR/USD has weakened from 1.1730 – 1.180 (the top-end of its trading range that we update daily on our website) down to 1.1510 (the current price on October 4).

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Currencies

Tuesday, August 28, 2018

Can EUR/JPY Recover Further in September 2018? / Currencies / Euro

By: FXOpen

The daily chart of EUR/JPY suggests that the pair formed a decent support recently and corrected higher. However, it is now approaching significant resistance at 130.60, above which there could be more gains.

Key Points

  • The Euro found support near the 124.90-125.00 zone and recovered nicely against the Japanese Yen.
  • The EUR/JPY pair is now approaching a crucial bearish trend line with resistance at 130.50 on the daily chart.
Read full article... Read full article...

 


Currencies

Friday, August 24, 2018

EUR/USD Facing Hurdles / Currencies / Euro

By: FXOpen

The daily chart of EUR/USD indicates that the pair moved into a bearish zone below 1.1600.

Key Points

  • The Euro tumbled heavily this month before buyers appeared near 1.1300 against the US Dollar.
  • There is an important bearish trend line formed with resistance at 1.1635 on the daily chart of EUR/USD.
Read full article... Read full article...

 


Currencies

Friday, August 24, 2018

EUR/GBP Remains in Uptrend / Currencies / Euro

By: FXOpen

The daily chart of EUR/GBP remains in an uptrend above the 0.8940 support.

Key Points

  • EUR/GBP is following a significant uptrend above the 0.8900 swing low.
  • There are two bullish trend lines in place with supports near 0.8940 and 0.8880 on the daily chart.
Read full article... Read full article...

 


Currencies

Wednesday, June 20, 2018

EURUSD: Why the "Next Day or Two" are Critical / Currencies / Euro

By: EWI

An Open House insight from our Currency Pro Service editor

Every week, our Currency Pro Service editor, Jim Martens, records a new video focusing on EURUSD, USDJPY and other markets. Learn why "the next day or two" should determine the next move in the euro in this clip from Jim's June 17 video.

Read full article... Read full article...

 


Currencies

Friday, June 15, 2018

The Euro Crashed Yesterday. Bearish for Euro and Bullish for USD / Currencies / Euro

By: Troy_Bombardia

The Euro crashed yesterday on the ECB’s meeting. This is the worst 1 day crash since June 2016 (Brexit).

Read full article... Read full article...

 


Currencies

Thursday, May 31, 2018

What Happens Next When the Euro Falls 6 Weeks in a Row / Currencies / Euro

By: Troy_Bombardia

The Euro has been going down recently.

  1. The EURUSD is already down 6 weeks in a row.
  2. If it closes lower this Friday than it did last Friday, the EURUSD will be down 7 weeks on a row.
Read full article... Read full article...

 


Currencies

Wednesday, May 30, 2018

Beginning of the end for the EURO Project / Currencies / Euro

By: Enda_Glynn

Fundamental analysts are all scratching their heads these days!
How can USDJPY be declining rapidly,
All the while EURUSD and GBPUSD are accelerating lower also.

So the USD is both weakening and strengthening at the same time!!

This does not compute in fundamental analysis.
However,
It is perfectly acceptable, and even predictable, with Elliott wave analysis!

And the reason is simple;
The USD is correcting lower against the YEN,
While;
The EURO and Cable are both declining against the USD in a trend move.

Read full article... Read full article...

 


Currencies

Sunday, May 27, 2018

EUR USD Forex Analysis / Currencies / Euro

By: Austin_Galt

Latest Price – 116.61

Previous analysis updated – price has continued to trade down but the overall outlook calling for a substantial rally remains unchanged.

Read full article... Read full article...

 


Currencies

Friday, March 16, 2018

EUR/USD – Something Old, Something New and… Something Blue / Currencies / Euro

By: Nadia_Simmons

Since the beginning of the month all battles between bulls and bears run in a fairly narrow area, which unfortunately doesn’t create good investment opportunities. In today's alert, we looked at the broader perspective of EUR/USD and the USD Index itself, and we already have our own types where we will likely open next positions. If you do not want to miss the levels that we think about, take a look at our analysis today.

Read full article... Read full article...

 


Currencies

Sunday, December 24, 2017

EURUSD Moved Sideways Between 1.1554 And 1.2092 / Currencies / Euro

By: Franco_Shao

EURUSD continued its sideways movement in a trading range between 1.1554 and 1.2092. The sideways move is likely consolidation of the uptrend from 1.0340 (Jan 3 low). As long as 1.1554 support holds, the uptrend could be expected to resume and another rise is still possible after the consolidation. Near term resistance is at 1.1961, a breakout of this level could take price to next resistance level at 1.2092. Above here could trigger further bullish movement towards 1.2500.

Read full article... Read full article...

 


Currencies

Wednesday, December 20, 2017

Euro Bull Market Confirmation / Currencies / Euro

By: Gary_Savage

A break of this trend line will confirm that the Euro has entered a bull market and the dollar has entered a bear market. Gold is expected to finally be released from its year-long basing pattern

Read full article... Read full article...

 


Currencies

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.

Read full article... Read full article...

 


Currencies

Thursday, November 23, 2017

Will Germany’s Crisis Affect Euro Dollar? / Currencies / Euro

By: ElliottWave-Forecast

Germany suddenly found itself in a political turmoil on Monday after the month-long talk to form a three-coalition party between Angela Merkel’s conservative bloc (CDU/CSU), the pro-business Free Democractic Party (FDP) and environmentalists Greens has failed. The crisis definitely challenges the idea that Germany is the anchor of democratic stability in Europe. FDP walked out of the negotiations on Sunday, saying they could not find a common ground on migration and environment.

Read full article... Read full article...

 


Currencies

Wednesday, November 01, 2017

EURJPY Formed A Double Top Pattern On 4-hour Chart / Currencies / Euro

By: Franco_Shao

EURJPY moved below a major bullish trend line from 122.40 to 127.56 on its daily chart, suggesting that the upside movement from 114.85 had completed at 134.49 already. Further decline would likely be seen in the coming days.

Read full article... Read full article...

 


Currencies

Monday, October 16, 2017

EURGBP Failed To Break Above 0.9045 Resistance / Currencies / Euro

By: Franco_Shao

EURGBP failed in its attempt to break above 0.9045 resistance and pulled back from 0.9032. The subsequent fall extended to as low as 0.8855, breaking below an important support level at 0.8906 on the 4-hour chart, suggesting that the short term uptrend from 0.8746 is complete.

Read full article... Read full article...

 


Currencies

Wednesday, October 11, 2017

EURJPY Stays Above Ascending Trend Line / Currencies / Euro

By: Franco_Shao

EURJPY stays above an ascending trend line on its daily chart, indicating that the price remains in the uptrend from 114.85. As long as the trend line support holds, the upside movement could be expected continue.

Read full article... Read full article...

 


Currencies

Monday, October 09, 2017

EURGBP’s Correction Rebound Extended To 0.8992 / Currencies / Euro

By: Franco_Shao

EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the coming days.

Read full article... Read full article...

 


Currencies

Friday, September 29, 2017

EURGBP Broke Out Of Price Channel And Formed Sideways Movement / Currencies / Euro

By: Franco_Shao

EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway.

Read full article... Read full article...

 


Currencies

Friday, September 15, 2017

EURGBP Broke Below Trend Line Support / Currencies / Euro

By: Franco_Shao

EURGBP recently broke below the bullish trend line at 0.9050 on its daily chart. The subsequent fall had taken price to as low as 0.8866, indicating that the upside movement from 0.8313 had completed at 0.9306 already.

Read full article... Read full article...

 


Currencies

Thursday, September 14, 2017

EURUSD Is Facing Channel Support / Currencies / Euro

By: Franco_Shao

EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the fall from 1.2092 could be treated as consolidation of the uptrend and the bullish movement could be expected to continue after the consolidation.

Read full article... Read full article...

 


Currencies

Thursday, September 07, 2017

EURJPY Might Be Forming Double Top Pattern / Currencies / Euro

By: Franco_Shao

After touching 131.39 previous high resistance, EURJPY pulled back sharply from 131.70 and broke below a major support trend line on on the 4-hour chart. The pair might be forming a double top pattern with neckline at 127.56, a breakdown below this level could confirm the pattern.

Read full article... Read full article...

 


Currencies

Monday, September 04, 2017

EURGBP Broke Below Channel Support / Currencies / Euro

By: Franco_Shao

After touching the October 2016 high of 0.9305, EURGBP pulled back from 0.9306 and broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.8891 had completed at 0.9306 already. Deeper decline could be expected over the next several days, and the target would be at the bullish trend line on the daily chart now at around 0.9005.

Read full article... Read full article...

 


Currencies

Thursday, August 31, 2017

Has the EURO Topped? / Currencies / Euro

By: SurfCity

At least in the short term anyway? Remember, that based on my USD update from yesterday, I am still looking for a 5-6 month Intermediate Cycle Low (ICL) in the USD. The Dollar has rallied hard off yesterdays low and as you would expect, the EURO is showing signs of topping here.

I have taken a trade in shorting the EURO with the EUO ETF but have not yet made this a portfolio trade as it is risky here but here are some charts on both the EURO ($XEU) and EUO.

Read full article... Read full article...

 


Currencies

Monday, August 28, 2017

EURGBP Is Facing 0.9305 Resistance / Currencies / Euro

By: Franco_Shao

EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as 0.9270, facing the resistance at the October 2016 high of 0.9305.

Read full article... Read full article...

 


Currencies

Tuesday, August 22, 2017

EURJPY Bounce Off Channel Support / Currencies / Euro

By: Franco_Shao

EURJPY rebounded from 127.56 after touching the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 114.85. As long as the price is in the channel, the fall from 131.39 could be treated as consolidation of the uptrend.

Read full article... Read full article...

 


Currencies

Monday, August 21, 2017

EURUSD Remains In Uptrend From 1.0569 / Currencies / Euro

By: Franco_Shao

EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of the uptrend.

Read full article... Read full article...

 


Currencies

Wednesday, August 09, 2017

EURJPY Dropped Sharply to 128.70 / Currencies / Euro

By: Franco_Shao

EURJPY dropped sharply to as low as 128.70 after breaking below a major support trend line at 130.35 on its 4-hour chart. Further decline is still possible in a couple of days.

Read full article... Read full article...

 


Currencies

Thursday, August 03, 2017

EURUSD Broke Above Neckline Resistance / Currencies / Euro

By: Franco_Shao

EURUSD broke above a major trend line from the August 2015 high of 1.1713 to the May 2016 high of 1.1616 at 1.1445 on the weekly chart, and extended its bullish movement to as high as 1.1908, indicating that a double bottom pattern had been formed.

Read full article... Read full article...

 


Currencies

Thursday, July 13, 2017

EURUSD Is Testing Neckline Resistance At Around 1.1450 / Currencies / Euro

By: Franco_Shao

There is a descending trend line from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, with resistance at around 1.1450, acting as the neckline of the double bottom pattern on the EURUSD’s weekly chart. If the price breaks and settles above the trend line resistance, it would confirm pattern, then the price could extend to the measured move target at around 1.2700.

Read full article... Read full article...

 


Currencies

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.

Read full article... Read full article...

 


Currencies

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.

Read full article... Read full article...

 


Currencies

Friday, June 02, 2017

EURUSD Might be Forming a Double Bottom Pattern / Currencies / Euro

By: Franco_Shao

EURUSD might be forming a double bottom pattern on its weekly chart. The first bottom is at the March 2015 low of 1.0462, the second bottom is at the January 2017 low of 1.0340, and the neckline is from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, now at around 1.1450. The price has to break through the neckline before confirming this reversal formation.

Read full article... Read full article...

 


Currencies

Friday, May 26, 2017

EURGBP: A Picture of Elliott Wave Precision / Currencies / Euro

By: EWI

The euro's recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully

Let's assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right?

Not exactly. See, there are several problems with this premise, most of all this: Investors' interpretation of the news is constantly changing. To use those events as a gauge of future price action is like trying to shoot a straight arrow in the middle of a tornado.

Read full article... Read full article...

 


Currencies

Sunday, May 21, 2017

Euro Remains Bullish Above 1.11 / Currencies / Euro

By: Richard_Cox

The EUR/USD experienced major upside moves last week with prices moving forcefully ahead of the psychological mark at 1.10. The moves are significant because the suggest that we are now seeing an end to the previous downtrend that had been in place since June 2016. 

Read full article... Read full article...

 


Currencies

Saturday, May 20, 2017

EURUSD reaches DO or DIE moment! / Currencies / Euro

By: Enda_Glynn

My Bias: short in wave 3 blue.
Wave Structure: downward impulse wave 1, 2 blue
Long term wave count: lower in wave 3 blue
Important risk events: EUR: Eurogroup Meetings. USD: FOMC Members Speak.

Read full article... Read full article...

 


Currencies

Monday, May 15, 2017

Euro Tailwinds Negative for the US Dollar, Positive for Precious Metals / Currencies / Euro

By: Donald_W_Dony

The election of Emmanuel Macron as the next president of France has only added to the on-going strength of France's CAC 40 Index and, by extension, the Euro.

The election of Macron and the defeat of the protectionist Marine sends a positive message to the common currency.

Read full article... Read full article...

 


Currencies

Friday, May 12, 2017

Macron’s French Election Triumph Removes Eurozone Political Risk / Currencies / Euro

By: ElliottWave-Forecast

By EWFHendra : Emmanuel Macron won the presidential election last Sunday, defeating Marine Le Pen, a far-right nationalist who wanted to take France out of the European Union. Markets had feared that Le Pen’s win could threaten the EU project, but Macron’s win has eliminated uncertainty regarding France’s membership of the Euro and removed the risk of near-term severe political shock to France and wider Europe. The Euro went above $1.10 briefly, but since then has pulled back. The upwards move was not dramatic than the first round of French elections as many traders have anticipated Macron’s victory and thus victory was already well priced in.

Read full article... Read full article...

 


Currencies

Thursday, March 16, 2017

It’s Time to Stop Putting a Patch on the Euro / Currencies / Euro

By: Rodney_Johnson

Andreas Georgiou can’t catch a break.

The Greek statistician moved back to his home country in 2010, at age 50, to help right the financial ship. He left Washington, where he had spent 21 years working for the International Monetary Fund, to take over the agency that reports Greece’s financial health.

Part of the problem with Greece is that no one knows exactly how big their problems are, since the numbers weren’t exactly accurate.
Read full article... Read full article...

 


Currencies

Wednesday, March 08, 2017

EURUSD: When Price Pattern Trumps Other "Reasons" / Currencies / Euro

By: EWI

Waves of market psychology often warn of trend changes before the news -- see how

This was an eventful week in politics, monetary policy and the markets -- and to many observers, the three seemed to be linked.

On Wednesday (March 1), the U.S. dollar did something it hadn't done in almost two months: It got stronger. Two reasons were behind the move, said analysts: The Fed's imminent rate hike, and, President Trump's widely-covered address to Congress:

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Currencies

Monday, February 27, 2017

A Global Eurodollar Shortage / Currencies / Euro

By: Gordon_T_Long

The World Bank just released a telling report entitled "Trade Developments in 2016: Policy Uncertainty Weighs on World Trade". Though they deflect the problems in global trade to areas such as excessive regulatory initiatives and policy uncertainty (which is true), what is to be found buried in the appendix are the two un-annotated charts below. I suspect the World Bank didn't compare them directly (they are shown separately) because it would cast a spotlight on an even larger political 'football'.

How does global trade ship ~10% more trade volume but receive ~12% less revenue over a 5 year period? The answer has traditionally been significant improvements in productivity. However, the productivity numbers by country don't even come close to supporting such a premise.

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Currencies

Tuesday, January 31, 2017

EURUSD Forex Trading Strategy Simplifies a Choppy Market / Currencies / Euro

By: Nicholas_Kitonyi

The forex market accounts for trillions worth of transactions on a daily basis, which makes it one of the most liquid markets to participate in. The EUR/USD currency pair accounts for most of those transactions but that does not make the pair immune to the rigorous volatility experienced amongst the exotic currency pairs.

Due to less liquidity, currency markets involving less popular pairs tend to be more volatile than their more popular counterparts. However, as demonstrated in the chart below, the EUR/USD pair, which is one of the most popular currency pairs in the Forex market has been very choppy of late. At least, when you look at it from the perspective of the hourly chart.
Read full article... Read full article...

 


Currencies

Friday, January 27, 2017

Going Long The Euro Could Be The Trade Of 2017 / Currencies / Euro

By: John_Mauldin

BY JARED DILLIAN : For a long time now I've held the theory that you have to be completely insane to be a successful investor. Like, right out of your tree.

Let me put it this way: Just a few weeks ago we were all sure, 100% positive that the US dollar would continue to appreciate against the euro, because the Fed was more hawkish, and the ECB was going to have negative rates and QE forever.

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Currencies

Saturday, January 07, 2017

Sell those Euros. Sell'em / Currencies / Euro

By: EWI

How do you know a real FX opportunity from a fake one?

Late last Thursday night (Dec. 29), I got an insistent email from a colleague.

Jim Martens, long-time editor of our forex-focused Currency Pro Service sent me this message with only a subject line:

-------- Original message --------
From: Jim Martens
Date: 12/29/16 9:16 PM (GMT-05:00)
To: Vadim Pokhlebkin
Subject: Sell those euros. Sell'em

Read full article... Read full article...

 


Currencies

Thursday, December 08, 2016

Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold / Currencies / Euro

By: John_Rubino

ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the seams and the only tool left to delay the inevitable is easier money. As the following chart illustrates, the euro has been declining since 2008, with the descent accelerating lately.

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Currencies

Friday, November 18, 2016

Euro Price Action Post-Election: "We Expected That" / Currencies / Euro

By: EWI

Our Currency Strategist Outlines His Long-term View of the Euro

[Editor's note: The text version of this interview is below.]

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Currencies

Wednesday, November 16, 2016

EURO Yearly Cycle Low / Currencies / Euro

By: Gary_Savage

The Euro daily cycle is now on Day 16. I’m guessing the euro will print a final yearly cycle low sometime this week.

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Currencies

Tuesday, October 18, 2016

Euro “Will Collapse” – Is “House of Cards” Warns Founder of Euro / Currencies / Euro

By: GoldCore

The Euro “will collapse” as it is a”house of cards” warned Otmar Issing, the founder and creator of the euro in an extraordinary interview on Monday.

In the explosive interview with the journal Central Banking, Professor Issing, said “one day, the house of cards will collapse”  as the European Central Bank (ECB) is becoming dangerously over-extended and the whole euro project is unworkable in its current form.

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Currencies

Friday, August 26, 2016

EUR-USD pattern still on track / Currencies / Euro

By: Ken_Ticehurst

The Euro has spent the last year consolidating against the US Dollar, however it appears as though this long consolidation was just a breather in a longer term down trend. Our updated daily forecast pattern below, shows how we think this consolidation will end during the next few months.

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Currencies

Tuesday, July 19, 2016

Waiting on the Euro to Bottom / Currencies / Euro

By: Gary_Savage

I’m just waiting for the euro to confirm a final intermediate cycle bottom. It’s now very late in the timing band at 33 weeks. So the bottom could occur at any time. My best guess is the euro will bottom and the dollar will top on, or the day before, the FOMC meeting next week.

The intermediate trend line has been broken. This needs to happen during cycle lows to get technical traders on the wrong side of the market. We are waiting for the trend line to break in gold.

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Currencies

Thursday, June 30, 2016

Forex Trading: EUR/JPY Trying to Stabilize After Drop / Currencies / Euro

By: Richard_Cox

Forex markets have been taken by surprise with the amount of volatility that has been seen in recent weeks.  There are strong fundamental reasons for why this has occurred, as it has been almost impossible to avoid media coverage of the recent ‘Brexit’ events.  But now that we have some finality in these areas, it is time to take a step back and assess what is actually happening to prices so that traders have an indication of what to expect going forward.

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Stock-Markets

Sunday, May 08, 2016

Euro Technical Analysis and the BrExit Vote / Stock-Markets / Euro

By: Austin_Galt

The Euro remains locked in a big consolidation phase and with the Brexit vote coming up I thought I’d take another look. Let’s look at one scenario on the daily chart that I think has some good potential going forward.

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Currencies

Thursday, May 05, 2016

Euro Desperation will achieve Self Destruction - MAP Wave Analysis / Currencies / Euro

By: Marc_Horn

In between migrating sites I have lost some pages and they largely appear to be from currencies!!! 

The Euro was what started me off with the development on my analysis and fortunately that was not lost and can be found here from 2012 , as that was what I used initially to explain my methods.

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Currencies

Thursday, April 14, 2016

EUR/USD Is Sending Currency Bears Message / Currencies / Euro

By: Nadia_Simmons

Earlier today, official data showed that euro zone industrial production declined by 0.8% in Feb (month-on-month), missing analysts' forecasts. Additionally, industrial production (year to year) rose less-than-expected in Feb, which pushed the euro lower against the greenback. As a result, EUR/USD declined under the Feb high, invalidating earlier breakout. How low could the exchange go in the coming days?

In our opinion, the following forex trading positions are justified - summary:

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Currencies

Friday, April 01, 2016

Forex Trading - EUR/USD Increases – What About USD/CAD? / Currencies / Euro

By: Nadia_Simmons

Yesterday, the greenback moved sharply lower against the Canadian dollar despite bullish ADP report and declining crude oil prices as sentiment on the U.S. dollar remained weak after Janet Yellen’s speech. As a result, USD/CAD dropped under important support line. How low could the exchange rate go in the coming days?

In our opinion, the following forex trading positions are justified – summary:

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Currencies

Friday, March 25, 2016

EUR/USD Likely to Fall Back Below 1.10 / Currencies / Euro

By: Richard_Cox

The EUR/USD has fallen under the radar in recent weeks, as overall volatility in the currency space as slowed significantly.  There are a few different reasons for why this is happening, as recent central bank statements have clarified what we are likely to start seeing from both the US Federal Reserve and the European Central Bank (ECB).  To some extent, we are seeing dovish alterations in many of the previous expectations that most analysts had for both central banks.  So, it would not be entirely surprising to see some accompanying trend changes in the weeks ahead.

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Currencies

Friday, February 26, 2016

Why the Euro Is a Doomed Currency / Currencies / Euro

By: Casey_Research

By Doug Casey

For a long time, I’ve advocated that the world’s governments should default on their debt. I recognize that this is an outrageous-sounding proposal.

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Currencies

Monday, December 21, 2015

Euro Rally Likely to Reverse / Currencies / Euro

By: Richard_Cox

As we move into the end of this year, we have seen some surprising moves in the currency markets that have likely taken many traders by surprise.  Perhaps the best example here is the shorter-term rally in the EUR/USD, which has quickly risen to near important psychological levels at 1.10.  This commonly traded pair has spent most of its recent activity roughly 5 big-figures below this area, so the it is difficult to argue against the fact that these moves have been substantial. 

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Currencies

Friday, December 11, 2015

Forex Trading Alert: EUR/USD - North or South? / Currencies / Euro

By: P_Radomski_CFA

Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending December 4 rose by 13,000 to 282,000, missing analysts' forecasts. As a result, the USD Index moved slightly lower, but did it change anything in the short-term picture of the euro?

In our opinion, the following forex trading positions are justified - summary:

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Currencies

Sunday, November 01, 2015

Why The Super Bearish Gold and Silver COTs Portend a Plunging Euro... / Currencies / Euro

By: Clive_Maund

It was ironic that when Dr Watson complained to his companion Sherlock Homes that he had a stomach ache, Holmes clarified the situation at once by saying "Alimentary, my dear Watson". More generally, the legendary sleuth of Victorian London would make light of his accomplishments after solving cases that baffled the police, by remarking "Elementary, my dear Watson". Doubtless this expression was deeply irritating to his arch-enemy Moriarty.

Today we are going make light of what to other analysts may be abstruse and possibly baffling, by "joining the dots" to demonstrate the linear connection between an extremely bearish silver COT and an imminent crashing euro, so that by the conclusion of this article, you, dear reader, will have a clear understanding of what is set to unfold, and will be able to explain to other confused souls that it really is elementary.

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Currencies

Friday, October 23, 2015

Bye, Bye Euro / Currencies / Euro

By: Dan_Norcini

So how does it fell Mr. Euro to get smacked upside the head by your supposed caretaker?

Mario Draghi must be taking lessons from the Bank of Japan because this is one of the best verbal whoopin’s I have seen put on a currency.

Mario yanked the rug out hard; so hard, that the basement is now evident.

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Currencies

Monday, September 14, 2015

Euro To Fail Above 1.14 / Currencies / Euro

By: Richard_Cox

Currency markets have had difficulty in showing much consistency over the last few weeks of the summer but now that markets are once again returning to full strength it it more likely that we will start to see a resumption of the broader global trends.  The Euro will continue to be one of the most important assets to watch in this class, given the fundamental uncertainty that still surrounds a good portion of the region. 

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Currencies

Wednesday, September 02, 2015

Euro vs. U.S. Dollar: See Why "Excitement Is Yet to Come" - Video / Currencies / Euro

By: EWI

Elliott Wave International's Chief Currency Strategist discusses the EURUSD 1,200-pip "roundtrip"

Stocks and oil weren't the only markets going berserk last week. Eurodollar, or EURUSD -- the world's biggest and most popular forex market -- first rallied 700+ points (or pips) higher and then crashed about 500 pips back to earth, all in a matter of a few days.

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Currencies

Tuesday, August 04, 2015

EURUSD: An Ending Diagonal Triangle in Action / Currencies / Euro

By: EWI

See how beautifully recent trading in the euro followed a high-confidence Elliott wave pattern

Remember how during the time of the Greek bailout a couple of weeks ago, the euro didn't seem to "know" which way to go next? There is a reason for that, says The Wall Street Journal -- carry trade:

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Currencies

Tuesday, July 21, 2015

Now that Greece is Guaranteed in the Euro, the Euro is Down / Currencies / Euro

By: Atlantic_Perspective

One of the mantras repeated to exhaustion over the last few months was “if Greece leaves the Euro, the Euro is over”. Is it? The charts say the opposite. When the prospect of Grexit reached its peak, the Euro didn´t crash. Quite the opposite, it got stronger. Now that Greece seems “secure” in the Euro, the Euro is down. Could the Grexit mantra be wrong?

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Currencies

Tuesday, July 14, 2015

After the Rally, What's Next? - Video / Currencies / Euro

By: EWI

Get new forecasts for the euro from Elliott Wave International's Senior Currency Strategist

Think the recent rally in the euro was the result of "good news" from Greece? Think again.

Watch our Currency Pro Service editor, Jim Martens, explain what's really behind the moves.

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Currencies

Tuesday, June 23, 2015

Euro Bourses and Euro Currency's Inverse Relation Still In Play / Currencies / Euro

By: Ashraf_Laidi

The euro-Dax-bunds relationship continues in full swing, led by a rallying Dax (and rest of Eurozone bourses) resulting from the most notable steps taken by Greece towards reaching a deal with creditors in four months.

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Currencies

Monday, June 22, 2015

Euro Uncertainty Reflected in COT Report / Currencies / Euro

By: Dan_Norcini

First of all, Happy Father's Day to all you Dads out there. There is no greater or fulfilling calling in life than being a dad. Everything else pales in comparison.

Secondly, Dad's must make a living to provide for their family and that forces us back to the reality of dealing with the markets and trying to get a read on what is driving what and WHY.

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Currencies

Friday, June 19, 2015

The Tragedy of the Euro / Currencies / Euro

By: Arkadiusz_Sieron

The gloomy economic situation of Greece has been the topic of many Gold News Monitors – we wrote recently about it here and here, but also in the February Market Overview dedicated to European turmoil from the beginning of this year. It is high time to analyze more thoroughly the relationship between Greece’s debt crisis and gold. But first we must examine the institutional foundations of the Eurozone and its currency, as they not only did not prevent, but actually encouraged imprudent Greece’s fiscal policy, which led to the current crisis.

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Currencies

Wednesday, June 10, 2015

EUR/USD vs. Resistance Zone / Currencies / Euro

By: Nadia_Simmons

Although EUR/USD moved sharply lower yesterday, the exchange rate reversed and erased some of earlier gains as uncertainty over Greek debt negotiations weighed on investors' sentiment. Will we see further deterioration in the coming days?

In our opinion, the following forex trading positions are justified - summary:

EUR/USD: Short positions (stop-loss order at 1.1667)
GBP/USD: Short positions (stop-loss order at 1.5913)
USD/JPY: none
USD/CAD: Long positions (stop-loss order at 1.1706)
USD/CHF: none
AUD/USD: Short positions (stop-loss order at 0.8194)

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Currencies

Monday, June 01, 2015

EURUSD Technical Outlook / Currencies / Euro

By: Austin_Galt

Let's take a bottom up approach to the analysis beginning with the daily chart.

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Currencies

Thursday, May 28, 2015

This New Currency Could Wipe Out the Euro / Currencies / Euro

By: Investment_U

Sean Brodrick writes: Greece, the cradle of Western civilization, is poised to rock the world again.

For a country with gross domestic product equivalent to the Miami metropolitan area, that’s no small feat. But it could rock the financial world in an old-fashioned way that many historians would recognize - by printing money.

The situation in Greece is much more dire than most people realize. You may have heard that Greece recently made a $494 million payment on $32 billion that it owes the International Monetary Fund (IMF).

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Currencies

Thursday, May 28, 2015

Euro Sclerosis / Currencies / Euro

By: Alasdair_Macleod

There appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency. Furthermore, since today’s macroeconomists have chosen to deny Say’s Law[1], otherwise known as the laws of the markets, they have little hope of grasping the more subtle aspects of the role of money in price formation. It would appear that this potentially important issue is being ignored at a time when the Eurozone faces growing systemic risks that could ultimately challenge the euro’s validity as money.

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Currencies

Tuesday, May 26, 2015

Should We Dump the Euro? / Currencies / Euro

By: Frank_Hollenbeck

The Greek drama continues to unfold with the risk of a “Grexit” becoming increasingly likely. Yet, a large majority of the Greek people want to keep the euro. This would force the Greek government to live within its means, which isn’t a bad thing. With anti- austerity parties gaining strength continent wide, Greece may be the first, and not the last, to leave. Yet, the problem in Europe is not the euro, but excessive government regulations, spending, and taxation.

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Currencies

Friday, May 15, 2015

EUR/USD 1.15 Remains Key Level / Currencies / Euro

By: Richard_Cox

For most of this year, the Euro currency has been one of the weakest assets in any of the financial markets.  This is significant for a number of reasons because there have been very few assets (of any type) experiencing more weakness across the same number of denominative measures.  Against the British Pound, the Euro has quickly weakened to the 1.40 mark but there has been even more pronounced weakness against the US Dollar.

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Currencies

Monday, May 11, 2015

Debt Scenarios Still Weighing on Euro / Currencies / Euro

By: Richard_Cox

When we hear the words “sovereign debt crisis” it might seem as though we are reading financial news headlines from several years ago.  But when we look at the underlying fundamental activity in the Eurozone, it quickly starts to become clear that this is simply not the case.  If we look at the region as a whole, there are some significant discrepancies that are negatively impacting some regions more than others.  This can have a catastrophic on a regional economic that is trying to use the same monetary system, so it should still be clear at this stage that the region’s debt issues are far from over.

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Currencies

Friday, May 08, 2015

EURAUD Technical Outlook / Currencies / Euro

By: Austin_Galt

The EURAUD currency pair hasn’t been covered for a while instead preferring to let it go about its corrective business. Let’s now revisit it and see if we can get a grip on a potential price path going forward using the weekly and monthly charts.

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Currencies

Sunday, April 12, 2015

EURUSD and USDJPY Double Tops / Currencies / Euro

By: Austin_Galt

Recent double tops tell the tale for these two currencies. The EURUSD has a bearish double top in place while the USDJPY has a bullish double top in place. A bit confused? Let's get clarity by viewing the daily charts of each currency.

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Currencies

Thursday, April 09, 2015

EURUSD: Why Recent Ups and Downs Are NOT Random / Currencies / Euro

By: EWI

How Elliott wave analysis can bring some certainty into the oh-so-uncertain world of forex trading

How do you know what "your" forex market will do tomorrow?

You don't. We don't. Nobody does. All anyone can do is guess. But some guesses are more "educated" than others.

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Currencies

Thursday, March 12, 2015

U.S. Dollar, Euro May be in a Reversal / Currencies / Euro

By: Anthony_Cherniawski

The US dollar hit its Master Cycle high overnight, rising to 100.05 before dropping down to an early morning low of 98.65. The reversal is coming very late at day 254 in the current Master Cycle. This leads me to believe that there may be a strong down draft in USD over the next 3 weeks.

USD/JPY is retreating this morning. It is still at 120.94 after reaching a high of 122.02 on Monday. The Yen carry trade will likely start to unwind beneath USD/JPY 120.00.

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Currencies

Wednesday, March 11, 2015

How Low Can The Euro Go? Or Is That The Wrong Question? / Currencies / Euro

By: John_Rubino

The euro is tanking again, as the ECB starts buying bonds for its long-promised "whatever it takes" QE program. Today's exchange rate move is dramatic enough to generate headlines like this, from Forbes: Euro Nears Parity With U.S. Dollar

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Currencies

Wednesday, March 11, 2015

Market insight: U.S. Dollar at 11-Year High Against Euro / Currencies / Euro

By: EWI

And why now may not be the best time to bet on the greenback

By Elliott Wave International

Editor's note: You'll find a text version of this story below the video.

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Currencies

Tuesday, March 10, 2015

Euro Damaged, Kiwi Panics / Currencies / Euro

By: Ashraf_Laidi

A new 12-year low in the euro against the US dollar and another hit to the New Zealand dollar re-emerged in global markets as Greece and the EU put off talks to another day, while stock traders let the shine of Apple's iWatch presentation wane after it was revealed that the battery life of the much awaited accessory lasted no more than 18 hours.

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Currencies

Thursday, February 19, 2015

Euro Currency Bulls May Soon Have Their Day in the Sun / Currencies / Euro

By: EWI

Our "Pro Service Outlook 2015" FREE video event introduces you to the near- and long-term forecast for the world's most popular FOREX markets -- and so much more

As the euro clings to the guardrail of a 7- (no, wait) 9- (Doh! there it goes again) now 11-year low, debate over the future of the eurozone's currency rages on. And in the mix, the ultimate four-letter FOREX word just reared its ugly head: PARITY.

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Currencies

Tuesday, February 17, 2015

Good News for Euro Single Currency / Currencies / Euro

By: Nadia_Simmons

Earlier today, the ZEW Centre for Economic Research showed that its index of German economic sentiment rose by 4.6 points to 53.0 this month from January’s reading of 48.4, which is the highest reading since February 2014. Thanks to these positive numbers, EUR/USD bounced off this week’s lows and climbed above 1.1400. Will we see the exchange rate above 1.1500 later this week?

In our opinion, the following forex trading positions are justified - summary:

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Currencies

Wednesday, February 04, 2015

Euro Time For Recovery / Currencies / Euro

By: Nadia_Simmons

Earlier today, the U.S. Census Bureau showed that factory orders dropped by 3.4% in December, missing expectations for a decline of 2.2%. Thanks to these numbers, EUR/USD moved sharply higher, breaking above important resistance levels. Will we see a comeback above 1.1600 in the coming days?

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Currencies

Wednesday, January 07, 2015

Euro is in Free Fall / Currencies / Euro

By: Anthony_Cherniawski

The Euro appears to be in free-fall as Greece threatens to exit the Euro (GREXIT). The question is, who has the most leverage and who will be hurt the most if a default on Greek bonds is made?.

There are 20 days left until the Greek general election, which corresponds nicely to a Primary (panic) Cycle coming to a close at the end of January. A Master Cycle low is also due then, possibly Intermediate Wave (3).

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Currencies

Tuesday, January 06, 2015

Are Central Banks Dumping Euros? / Currencies / Euro

By: Ashraf_Laidi

The euro began the first full trading week of 2015 by breaking below the $1.20 level for the first time in four years to end up hitting a nine-year low of $1.1864. The latest reasons of the renewed slump are rising probability that the Greek anti-bailout left alliance will win the Jan 25 elections, a combination of apparent tolerance from German Chancellor Merkel over the possibility of a Greek exit and emerging consensus that even if outright QE of euro sovereign bonds were agreed upon by the European Central Bank, the plan would fail to ridding the Eurozone from deflation.

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Currencies

Thursday, December 18, 2014

Euro Succumbs to ECB QE Expectations and FOMC / Currencies / Euro

By: Dan_Norcini

Now that the dust from today's wild ride, we can take a look-see how the Euro fared. In watching the initial reaction to the actual FOMC statement itself, the Euro began to move well off its session lows. It reflected the confusion that was in the minds of traders (there was certainly a lot of that in my mind when I read the statement) who felt that it struck an extremely dovish theme at initial glance. That threw same water on the fire for those expecting a sooner rather than later shift in policy expectations for the FOMC in regards to raising interest rates.

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Currencies

Thursday, November 27, 2014

ECB tentatively edges closer to QE in 2015; more EUR weakness likely / Currencies / Euro

By: MahiFX

The characterisation of Europe as “elderly and haggard” by Pope Francis is an accurate one, but on December 4 the European Central Bank could lay the groundwork to try and revitalise the region's sagging economy.

If was down to European Central Bank President Mario Draghi, the Eurozone would already be on the receiving end of a substantial quantitative easing programme and likely the EUR would be even weaker than it is now – but Draghi's time could yet come, as early as December 4th.

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Currencies

Wednesday, November 26, 2014

EUR/USD – Currency Bulls Don’t Give Up / Currencies / Euro

By: Nadia_Simmons

Earlier today, the Conference Board showed that its index of consumer confidence dropped to 88.7 in November, missing analysts’ expectations for an increase to 95.9. In a response, the U.S. dollar moved lower, which pushed the EUR/USD pair to an important resistance line. Will we see a breakout and further improvement?

In our opinion, the following forex trading positions are justified - summary:

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Currencies

Friday, October 31, 2014

EUR/USD - Double Bottom Or New Lows? / Currencies / Euro

By: Nadia_Simmons

Yesterday, the U.S. dollar strengthened against other major currency pairs after the Fed said it would end its monthly bond-buying program but keep rates near zero for "considerable time". As a result, EUR/USD declined below the medium-term resistance zone, which triggered a sharp decline to sligthly above the recent lows. Will they withstand the selling pressure and we'll see a double bottom in the coming days?

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Currencies

Sunday, September 28, 2014

Currency Wars and the Death of the Euro - Audio / Currencies / Euro

By: Videos

Jeff Deist and Patrick Barron discuss what's going on in the EU, how Germany in particular suffers from being yoked to the other Eurozone nations, and what the comeback of the Deutsche Mark might mean for Europe—and for America.

Patrick Barron is a private consultant in the banking industry. He teaches in the Graduate School of Banking at the University of Wisconsin, Madison, and teaches Austrian economics at the University of Iowa,

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Currencies

Saturday, August 09, 2014

EURUSD Time For A Bear Rally / Currencies / Euro

By: Austin_Galt

Recently I've been a bit out of whack on this pair, the EURUSD. I feel confident in the longer term projections. It's the daily machinations that I'm still trying to get in-synch with. Sometimes you just need to step back and let the market do its thing, not forcing the issue. And then out of the blue, that desired clarity appears. And that just may be happening now.

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Currencies

Tuesday, August 05, 2014

EUR/USD - Time for Rebound? / Currencies / Euro

By: Nadia_Simmons

On Friday, the common currency rebounded sharply after disappointing U.S. employment data, which showed that the U.S. economy added 209,000 jobs in July, missing expectations for an increase of 233,000. As a result, EUR/USD erased over 20% of recent declines and came back above 1.3400. Will currency bulls manage to push the pair higher?

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Currencies

Thursday, July 24, 2014

EUR-AUD Heads Into The Danger Zone / Currencies / Euro

By: Austin_Galt

I’ve been watching the EURAUD for quite a while and finally its next big play opportunity looks about to present itself. Let’s take a look at the charts to see what exactly that is. We’ll go with my top down approach beginning with the yearly chart.

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Currencies

Monday, July 21, 2014

EURUSD To Rally Or Not To Rally? / Currencies / Euro

By: Austin_Galt

The EURUSD has recently come down to test major support. So now it has to decide whether to bust on through that support or rally from here. Let's take a closer look to see what its decision will be.

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Currencies

Wednesday, June 25, 2014

Where is the Bottom in the Euro? / Currencies / Euro

By: Richard_Cox

In the last few weeks, the Euro has reversed a good portion of the gains made during the early parts of this year as the monetary policy outlook at the ECB looks to be changing at a rate that is more aggressive than previously expected.  Looking at specific forex rates, the EUR/USD hit an initial high just below the 1.40 mark before making a violent turn to the downside that has pushed traders to an alternate viewpoint where the shared Euro currency is looking much more attractive as a sell on rallies rather than as a buy on dips.  These trends are being aided by new positives in the US economic, and a good portion of the market is now using the Dollar as a means for exiting long positions in the Euro itself. 

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Currencies

Friday, June 20, 2014

EURUSD On The Cusp / Currencies / Euro

By: Austin_Galt

Let's begin the analysis by looking at the yearly chart.

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Currencies

Tuesday, May 27, 2014

EUR/USD Currency Bears Are Still in Charge / Currencies / Euro

By: Nadia_Simmons

The euro declined against the U.S. dollar as positive housing and consumer confidence data supported the greenback. Earlier today, the Commerce Department reported that core durable goods orders (without volatile transportation items) increase 0.1% in April, missing expectations for a 0.3% increase. Despite this disappointing data, U.S. durable goods orders rose 0.8% in the previous month, beating expectations for a 0.5% fall. Additionally, the Conference Board reported that its consumer confidence index rose to 83.0 this month from 81.7 in April, while the Standard & Poor’s/ Case-Shiller house price index rose 12.4% in March from a year earlier, above expectations for a gain of 11.8%. Thanks to these solid numbers, the common currency dropped to its nearest support zone. Will it withstand the selling pressure once again?

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Currencies

Thursday, May 01, 2014

ECB Draws a Line in the Sand for Euro Currency at $1.40 / Currencies / Euro

By: Gary_Dorsch

Two years ago, the big worry in the global markets was the possibility that Greece would opt to leave the Euro, which in turn, would set off a chain reaction, in which Portugal, Ireland, Greece, Spain, and Italy might also choose to do the same. The Euro’s credibility was at risk as it plummeted towards US$1.200. Nervous investors were thinking about withdrawing monies held on deposit with European banks. A mini-flight of capital was already underway. Businesses and households had withdrawn 80-billion ($103-billion), from banks in Greece, Ireland, Italy, Portugal, and Spain, during the first five months of 2012.

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Currencies

Monday, March 31, 2014

How to Profit from ECB’s Attempts to End Economic Depression / Currencies / Euro

By: DailyGainsLetter

Mohammad Zulfiqar writes: Remember what happened in the U.S. economy when the financial system was about to collapse? The banks weren’t lending to each other, businesses, or even consumers. The U.S. economy was in a deep economic slowdown. Investment banks like the Lehman Brothers had already collapsed and more would follow. Something had to be done or else it would be a disaster situation.

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Currencies

Friday, March 07, 2014

Mario Draghi Boosts Euro, Rebuffs Disinflation / Currencies / Euro

By: Ashraf_Laidi

Another euro-positive ECB presser highlights the reasons for lower inflation, with the implication that low prices are of temporary nature. The conference re-affirms the ECB is in no hurry to use up its eroding interest rate armory to tackle disinflation risks without first considering unsterilising its money market operations.

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Currencies

Thursday, February 13, 2014

EUR/JPY Bounces From 138.00/50 / Currencies / Euro

By: Gregor_Horvat

Yen crosses are rallying nicely for the last few days since the S&P500 has turned up last week. We can see very tight correlation between these two markets where structures on both suggests more upside. For FX traders, EURJPY will definitely be interesting for longs as pair rallied in five waves from the lows. However, patient traders will wait on pullbacks before they may look to get involved on the bullish side. Ideal scenario would be a three wave set-back to 138.10-138.90 area before market turns up for wave C.

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Currencies

Thursday, February 06, 2014

The Euro Is A Rearview Gauge Of Geopolitical Risk / Currencies / Euro

By: Andrew_McKillop

What Goes Up Will Go Down
Five weeks into 2014 the Eurozone-18 and even the EU-28's stock exchanges are being treated as something of a safe haven bet by investors retreating from “risk assets” in emerging economies. They also see the euro money as safe, but this is very far from sure. The president of the European Central Bank, Mario Draghi has admitted either openly or by implication many times since the 2008 crisis began, that the euro is overvalued. Since 2008 and more so today, the euro still plays the role of a geopolitical barometer. The euro rises with global risk and the opposite, but this cart and horse combination is in no way timeless. It is under attack from the real world - and even by Germany.

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Currencies

Friday, January 31, 2014

EUR USD Bearish Wave / Currencies / Euro

By: Gregor_Horvat

EURUSD has turned bearish at the start of January from 1.3900 spike high which we assumed it represents final part of a bullish trend. From there market fell sharply lower almost 400 pips so we assume that pair has completed an ending diagonal. However, a key for a breakdown would be move through the red wave 4) swing low that is placed around 1.3300 figure, still far away from current levels.

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Currencies

Thursday, November 14, 2013

The One Dollar Euro / Currencies / Euro

By: Andrew_McKillop

NOT A CENT MORE
In the years preceding the introduction of the euro dozens of meetings, conferences, books and PhD theses were focused on what rate against the dollar would be optimal. The favored figure was $1.17 but given today's macroeconomic, fiscal and geopolitical context $1 would suffice. To be sure, when the ECB has to raise interest rates, this may push the euro back up. Conversely, an euro held at an artificially high rate against the dollar can only further intensify Europe's economic slump and deflation crisis, and the directly related “bad bank” crisis.

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Currencies

Tuesday, November 12, 2013

Elliott Wave Counts Suggests EUR/USD Heading Lower / Currencies / Euro

By: Gregor_Horvat

The EUR/USD reversed sharply to the downside in the last few days, clearly in five waves from above 1.3800 with a daily and weekly close price beneath the channel line connected from July lows. This break indicates a change in trend, and possible completion of a larger three wave rally in wave E. But, as always we are focused on minimum expectations for the next few days and weeks, and that is a three wave decline from the top which is also expected on the alternate count which shows an incomplete wave E from 2012 low.

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Currencies

Monday, November 04, 2013

USD Index and US Treasury Notes Suggest More EUR Weakness / Currencies / Euro

By: Gregor_Horvat

A sharp reversal from the highs could be an early sign for a bearish trend on EURUSD which sooner or later will occur if we consider that rally from 1.2050 low is corrective. A decline from 1.3832 made last week looks impulsive so based on minimum expectations EURUSD will now move down in three legs, but ideally this is a start of a significant EUR weakness in impulsive fashion.

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Currencies

Monday, October 28, 2013

EUR-CAD Retracement Would Be Opportunity To Long Positions / Currencies / Euro

By: Gregor_Horvat

Last week EURCAD has been published after very strong EUR against the USD and weak CAD against the same currency. In fact, EURCAD has much better and cleaner structure and EURUSD, so keep an eye on that pair may not be a bad idea. We however need some deeper retracement before we may look for any long entry. I will keep an eye on three wave retracement which is normally a, b, c, back to base channel line. If we get it then we will look for an opportunity to take long positions on EURCAD.

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Currencies

Monday, October 21, 2013

EUR/USD: Looking For Bullish Opportunities Within Accelerating Price / Currencies / Euro

By: Gregor_Horvat

EUR/USD accelerated to the upside in the last few weeks and touched 1.3700 few days back which means that pair is trading extremely close to January high so it seems that rally from 2012 low is still unfolding. We are tracking an updated which shows a completed running triangle in wave (B) followed by a recent push out of the pattern that is now pointing higher, for a five wave rise in wave (C) towards and above 1.4000.

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Currencies

Thursday, October 03, 2013

Euro's October Seasonals and Gold Shutdown / Currencies / Euro

By: Ashraf_Laidi

Euro rallies across the board on breaking political and monetary news as:

  • Italian PM Letta wins a confidence vote in the Senate following Berlusconi's U-turn to support the incumbent government after 25 dissidents from his party gave Letta's government the numbers he needed for maintaining majority.

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Currencies

Monday, September 30, 2013

EURUSD: Bullish Contracting Triangle In Progress / Currencies / Euro

By: Gregor_Horvat

EURUSD accelerated to the upside in the last few hours from the lower side of a trading range. As such, with the latest time we see triangle as the best labeling in wave four, but we still need wave (e) before pattern is complete. Ideal support zone for end of wave (e) comes in at 1.3490-1.3510 region. If we are correct then we will see more impulsive ride on Euro in this week.

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Currencies

Tuesday, September 03, 2013

EUR-USD Could Be Forming A Major Turning Point For The Year / Currencies / Euro

By: Gregor_Horvat

EURUSD is trading nicely lower for the last week or so which could be start of a new larger impulsive bearish trend. However, decline from 1.3450 is actually still in three waves so corrective outlook must not be ignored but we will stay with current sentiment and focus on the bearish scenario as long as 1.3400 holds.

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Currencies

Monday, August 19, 2013

Euro Advance Since April Low Looking Corrective, Be Aware Of New Sell-off / Currencies / Euro

By: Gregor_Horvat

EURUSD reversed higher few weeks back from around 1.2750 level, but recovery since early April still has a corrective look. With that said, we think that move is complex correction, probably a flat and that larger trend will continue lower, especially if we consider a five wave decline from 1.3700 and the start of the year. If we are correct then current bullish leg should stop somewhere around current 1.3400 -1.3450 resistance area.

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Currencies

Monday, May 20, 2013

EUR/USD: Bearish Cycles Remains In Play / Currencies / Euro

By: ForexPros

The EUR/USD reversed slightly higher on Thursday from 1.2840 support but not for long. Recovery found resistance very soon, so it was probably just a fourth wave within larger wave 3 down. Our bias remains unchanged and we are looking for a weaker EUR/USD, towards 1.2800 as a next projected target, where we could see a temporary low and a wave 4 pull-back. Short-term critical level is at 1.2935, as wave four must not trade into the territory of a wave one.

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Currencies

Tuesday, March 19, 2013

Buy or Sell the Euro? Chaos Investing Unplugged / Currencies / Euro

By: Axel_Merk

When we called the euro the potential “rock star of 2013”, we knew it might be a rocky ride. Are we underestimating the incompetence of policy makers? The Europe that is shaping up is much like the old Europe, with implications for the dollar, the euro, and investors’ portfolios.

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Currencies

Wednesday, February 20, 2013

Euro Signs Of Caution For Upside Move / Currencies / Euro

By: Michael_Noonan

Oftentimes, first impressions are the best because the perceived information strikes the mind unfiltered by second and third impressions that may begin to second-guess the first. The weekly and daily charts of the Mar Euro are first impression expressions.

Many will look at this weekly chart, well, maybe not so many, but of those who do, they will see that the recent high rallied above the February 2012 swing high and conclude the Euro is acting well. We would disagree, and here is why.

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Currencies

Friday, February 08, 2013

Why the Euro is Headed Higher / Currencies / Euro

By: Money_Morning

Jeff Uscher writes: European Central Bank President Mario Draghi warned about excessive euro strength at a press conference today (Thursday) following his announcement that the ECB had left interest rates unchanged, as expected.

In response to a reporter's question on whether there was a currency war in progress, Draghi said, "I think we should have in mind one thing: changes in the exchange rates that we see today are not really deliberate competitive devaluations. They are more the effect of macroeconomic policies that are meant to revamp the economies - for example, very low interest rates, promises to stay low for a very long time.

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Currencies

Tuesday, February 05, 2013

Euro Currency, Rock Star of 2013? / Currencies / Euro

By: Axel_Merk

After we referred to "Draghi's Genius" last August we received pity and ridicule as feedback. It is no longer taboo to be bullish on the euro, but in our 2013 outlook we took it a step further, predicting the euro will be a "rock star." Despite the recent run-up, we may not have seen anything yet. Let me explain.

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Currencies

Thursday, December 20, 2012

The Road to the Euro: Birth Pangs of Globalism / Currencies / Euro

By: Rob_Kirby

From an historical context – it may be argued that global domination begins and endsFIRST - with control of Europe.  The unification of Europe, or global domination as a concept, is perhaps as old as war itself.  Put simply, you cannot ‘rule the world’ unless you first ‘rule Europe’.  History is littered with many examples of ‘would-be’ aggressors ***** oppressors who have set their sights on European conquest.  While not exhaustive – here’s a list of a few:

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Currencies

Friday, December 07, 2012

EUR/USD at double support level / Currencies / Euro

By: Forex_Blog

1) 38.2% retracement of the uptrend which took place between Nov. 13th and Dec. 5th.
And
2) 22-Day EMA support level.

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Currencies

Monday, December 03, 2012

Euro-US Dollar (EUR/USD) Analysis / Currencies / Euro

By: Submissions

ForexAbode writes: EUR/USD Outlook For This Week:
Euro-US Dollar (EUR/USD) lost some momentum but has been still inching upward. The currency pair has been mainly staying over 5-day EMA. The sharp downward spike on November 29th found support near 22-day EMA (1.2880). The pair went as high as 1.3027 before closing for the week at 1.2985.

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Currencies

Thursday, October 11, 2012

Getting Out of the Euro Is Easy / Currencies / Euro

By: DailyWealth

"It's not true, what all the politicians are saying about the disaster in exiting the euro..."

Czech Republic president Vaclav Klaus published an article in Bloomberg BusinessWeek magazine this week. "I have a unique position being the last finance minister of a dissolving monetary union," he wrote.

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Currencies

Friday, September 07, 2012

The Euro Quacks Like a Fiat Currency, To Print or Not to Print / Currencies / Euro

By: Axel_Merk

Best Financial Markets Analysis ArticleIf it looks like a duck, quacks like a duck, it just might be a duck. We are talking about the euro: it now looks like a currency, acts like a currency, it might as well be yet another currency. The new framework of the European Central Bank (ECB) morphs the euro from a currency of nations to a currency of the United States of Europe. This has major implications on how to value the euro and with it, the U.S. dollar and other currencies.

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Currencies

Monday, July 30, 2012

The Inevitable Death of the Euro / Currencies / Euro

By: Alasdair_Macleod

On Thursday the European Central Bank’s Mario Draghi was moved to defend the euro, after Spain’s government bond yields rose dramatically through the 7% level. And when Valencia asked the central government for a bailout, followed by indications that other cities and regions have similar problems, it became clear that Spain is in deep trouble. We have got used to the concept of too-big-to-fail; now we have too-big-to-rescue.

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Currencies

Monday, July 23, 2012

Euro Shorts Smell Blood / Currencies / Euro

By: Alasdair_Macleod

Within the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy; at the other there is zero or negative interest rates for Germany, the Netherlands and Finland. Doubtless the first group begets the second, as captive investors in euros have to buy government bonds, and this requirement is being funnelled away from risk into safety.

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Politics

Monday, July 02, 2012

At Long Last the Euro Is Finally Being Saved / Politics / Euro

By: Christopher_Quigley

Best Financial Markets Analysis ArticleFriday the 29th of June 2012 will go down as one of the most important dates in the history of the Euro
currency. In the early hours of that fateful morning German resistance to a rational and comprehensive
resolution to the Euro crisis was finally crushed. It will take some time for the full implications of this
historic result to filter through to the markets but the fact that the dark cloud of dissolution of the Euro is
now passing can only be positive.

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Economics

Sunday, June 24, 2012

An Austrian Defense of the Euro, Hayek versus Keynes / Economics / Euro

By: MISES

Diamond Rated - Best Financial Markets Analysis ArticleIntroduction: The Ideal Monetary System
Jesús Huerta de Soto writes: Theorists of the Austrian School have focused considerable effort on elucidating the ideal monetary system for a market economy. On a theoretical level, they have developed an entire theory of the business cycle that explains how credit expansion unbacked by real saving and orchestrated by central banks via a fractional-reserve-banking system repetitively generates economic cycles. On a historical level, they have described the spontaneous evolution of money and how coercive state intervention encouraged by powerful interest groups has distanced from the market and corrupted the natural evolution of banking institutions. On an ethical level, they have revealed the general legal requirements and principles of property rights with respect to banking contracts, principles that arise from the market economy itself and that, in turn, are essential to its proper functioning.[1]

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Currencies

Wednesday, June 13, 2012

How to Save the Euro / Currencies / Euro

By: Axel_Merk

Best Financial Markets Analysis ArticleThe management of the Eurozone debt crisis is dysfunctional. In our assessment, to save the Euro, policy makers must focus on competitiveness, common sense and communication. If policy makers strived to achieve just one of these principles, the Euro might outshine the U.S. dollar.

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Currencies

Friday, June 08, 2012

Will The Euro Survive? / Currencies / Euro

By: Puru_Saxena

Best Financial Markets Analysis ArticleBIG PICTURE - Europe's debt problems are driving the world's financial markets and investors are trying to figure out whether the single currency will survive. Furthermore, the mainstream media is currently awash with scary forecasts about the impending collapse of the Euro and many pundits are now predicting a Greek or Spanish default.

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Currencies

Friday, May 25, 2012

Euro to Surge / Currencies / Euro

By: Zeal_LLC

Best Financial Markets Analysis ArticleThe fortunes of Europe’s beleaguered euro currency have been heavily influencing US markets.  Both stocks and commodities have been battered down recently by overwhelming euro bearishness.  This has proven seriously vexing for traders trying to focus on fundamentals.  But the extreme euro pessimism worrying everyone is actually very bullish.  This loathed, oversold currency is due to surge again.

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Currencies

Friday, May 25, 2012

Euro/Swiss Franc Exchange Rate Technical Update / Currencies / Euro

By: Dr_Volkmar_G_Hable

As most investor are aware the Swiss National Bank put a floor of 1.20 CHF into the exchange rate in September 2011 and has stated on a couple of occasions that it will do everything to defend that level. The move was necessary in order to stop the free fall of the Euro against the CHF. Speculators trying to push it since then have been quickly caught by the Swiss National Bank since then.

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Currencies

Thursday, May 24, 2012

German Economic Locomotive Being Dragged Down, Euro's Cyclical Path / Currencies / Euro

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleMore evidence of the German locomotive dragged down by the rest of the European continent as German manufacturing PMI dips to 45.0, its lowest figure since May 2009. The French version of manufacturing PMI hit 44, also a 36-month low. EURUSD hits a fresh low on the year at $1.25, down 3.3% year-to-date, and down 7.0% from its February highs. Our warning that the PMIs were a more effective leading indicator than the IFO or ZEW was first made in March, stating the reasons in more detail.

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Currencies

Tuesday, May 08, 2012

Greece Will Leave Euro this Summer / Currencies / Euro

By: Bloomberg

Best Financial Markets Analysis ArticleJohn Taylor, founder of the world's largest currency hedge fund FX Concepts, spoke with Bloomberg TV's Erik Schatzker and Sara Eisen and said that Greece will leave the euro this year. He went on to say that, "this summer I think is very likely...the Europeans aren't going to give them money, the IMF's not going to give them an OK. They will be out of money in June."

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Currencies

Monday, April 30, 2012

Is the US Killing the Euro? / Currencies / Euro

By: Dr_Volkmar_G_Hable

Diamond Rated - Best Financial Markets Analysis ArticleIn 2004 for the first time it was reported that criminals were shunning US-Dollars in favor of Euros. Near Acapulco (Mexico) on Wednesday, December 8th, 2004, two armed men hijacked a bus threatening to blow it up with explosives unless their demands were met, one of which being a ransom payment of two million Euros (LA Times, 11th December 2004, p7). Obviously, the actions of these hijackers are deplorable, but it demonstrated a turning point for the Euro and  just how great the disdain for the United States Dollar has been. Even hijackers shun US Dollars. The reason for such behavior can be found in the chart below:

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Currencies

Monday, April 23, 2012

Is There No Escape from the Euro? / Currencies / Euro

By: Philipp_Bagus

Diamond Rated - Best Financial Markets Analysis ArticleAs I discussed recently, the costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible? Intuitively, the exit from the euro should be as easy as the entrance. Joining and leaving the club should be equally simple. Leaving is just undoing what was done before. Indeed, many popular articles discuss the prospects of an exit of countries such as Greece or Germany.[1] However, other voices have rightly argued that there are important exit problems. Some authors even argue that these problems would make an exit from the euro virtually impossible. Thus, Eichengreen (2010) states, "The decision to join the euro area is effectively irreversible." Similarly, Porter (2010) argues that the large costs of an exit would make it highly unlikely. In the following we address the alleged exit problems.

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Politics

Sunday, April 08, 2012

Hey Joe Get Over It …They Won’t Throw the Euro-Baby Out with the Bathwater / Politics / Euro

By: Andrew_Butter

Best Financial Markets Analysis ArticleWatching the gurus strut their stuff on Bloomberg and CNBC it’s hard not to feel there is an undercurrent of glee that the Euro is in trouble. Finally the focus has shifted from the economic havoc wrought by the unholy and unnatural alliance between the state and the private sector which created the U.S. housing bubble, which created a multi-trillion hole in the balance sheets of U.S. and incidentally, Euro-zone and British, banks, pension funds and insurance companies.

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Currencies

Wednesday, March 07, 2012

Where is the Euro Headed? / Currencies / Euro

By: Submissions

Best Financial Markets Analysis ArticleMarc Horn writes: The Euro composite started as a basket index and then became the Euro Index and is pretty much as close to textbook of Andrews pitchforks. When combined with MAP waves, an alternative wave counting method base on many principles of Elliot waves, it gives good results as to approximately where the market will move.

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Currencies

Thursday, February 09, 2012

Will Currency Devaluation Fix the Eurozone? / Currencies / Euro

By: Frank_Shostak

Best Financial Markets Analysis ArticleThe NYU professor of economics Nouriel Roubini said in Davos, Switzerland, on January 25, 2012, that tight policies are making the recession in the eurozone worse. According to Roubini what Europe needs is less austerity and more growth. In particular, the NYU professor is concerned about the deep recession in the eurozone's peripheral countries: Spain, Portugal, Greece — all are on a strict regime of austerity. For instance, in Spain the yearly rate of growth of government outlays stood at minus 12.4 percent in November against minus 15.7 percent in the month before. In Portugal the yearly rate of growth stood at minus 3.6 percent in December against minus 2.5 percent in November. In Greece the yearly rate of growth fell to 2.9 percent in December from 6.2 percent in the prior month.

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Currencies

Wednesday, December 21, 2011

Eye on Euro and Gold / Currencies / Euro

By: Mike_Paulenoff

Well, wouldn't we all like to know what new ECB head Draghi is thinking about Mr. Market's response to his "cheap money give-away" right about now.

EUR/USD has plunged from 1.3200 to 1.3030/40, which has dragged down all the sympathetic and synchronized global equity and commodity markets too -- all in the last two hours or so!

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Currencies

Friday, December 16, 2011

Where the Euro Should be Trading / Currencies / Euro

By: Bloomberg

Best Financial Markets Analysis ArticleJohn Taylor, founder of the world's largest currency hedge fund FX Concepts LLC, spoke to Bloomberg TV's Lisa Murphy. Taylor talked about what currencies his fund is currently investing in and gave his thoughts on the euro and USD.

On where he thinks the euro should be trading:

"It seems to me that [the euro] should be a lot lower than it is."

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Currencies

Tuesday, December 06, 2011

Euro most expensive in Greece / Currencies / Euro

By: Pravda

The euro is overvalued in several countries of Southern Europe. The joint European currency is undervalued in other countries of the European continent, particularly in the north and in the center of the EU. The euro is most expensive in Greece and least expensive in Belgium, experts said.

Europe's southern states, which have debt problems, are supposed to be interested in a weaker euro. However, it is impossible to do it in one separate state since the currency is common for many other countries.

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Currencies

Tuesday, November 29, 2011

Euro May Not Survive Christmas / Currencies / Euro

By: Pravda

The European debt crisis is gathering pace. The debt of the Eurozone countries totals 89 percent of the GDP vs. the required 60 percent. The crisis has hit both secondary and primary economies. The public debt of Greece makes up 166 percent of the GDP, Portugal - 106 percent. The largest economies of the region also exceed the limit: Germany - 83 percent of the GDP, France - 87 percent, Spain - 67 percent of the GDP.

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Politics

Friday, November 18, 2011

Germany and France Divided: End of The Road for The Euro? New Beginning for the Deutsche Mark? / Politics / Euro

By: DK_Matai

Best Financial Markets Analysis Article1. Divisions between Germany and France have widened significantly in regard to a common Eurozone solution as borrowing costs outside of Germany rise to euro-era records;

2. The German government is standing firm in its opposition to deploying the European Central Bank (ECB) for the bailout of faltering Eurozone sovereigns;

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Currencies

Wednesday, November 16, 2011

Is Germany Eyeing the Euro Exit? / Currencies / Euro

By: Ben_Traynor

Best Financial Markets Analysis ArticleGerman leaders talk about "more Europe"…but are they just buying time…?

THIS IS just an idea – but perhaps Germany is only pretending to want more European integration.

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Currencies

Tuesday, November 15, 2011

Why Is There a Euro Crisis? / Currencies / Euro

By: Philipp_Bagus

Best Financial Markets Analysis ArticleOn Thursday, October 28, 2011, prices of European stocks soared. Big banks like Société Générale (+22.54%), BNP Paribas (+19.92%), Commerzbank (+16.49%) or Deutsche Bank (+15.35%) experienced fantastic one-day gains. What happened?

Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing. The banks' survival depends on privileges and government interventions. Such an intervention explains the unusual stock gains. On Wednesday night, an EU summit had limited the losses that European banks will take for financing the irresponsible Greek government to 50 percent. Moreover, the summit showed that the European political elite is willing to keep the game going and continue to bail out the government of Greece and other peripheral countries. Everyone who receives money from the Greek government benefits from the bailout: Greek public employees, pensioners, unemployed, subsidized sectors, Greek banks — but also French and German banks.

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Currencies

Tuesday, November 15, 2011

Odds Stacked Against Eurozone, Euro Currency Likely to Sink / Currencies / Euro

By: John_Mauldin

Diamond Rated - Best Financial Markets Analysis ArticleWhat do the “Big Fitz,” the largest ship ever to sail the Great Lakes, and the Eurozone have in common? Hint: the former sank without a trace. Or, as Grant Williams so eloquently puts it, in his Things That Make You Go Hmmm... for Nov. 13 (this week's Outside the Box), “One can't help but think ... that this week may well have brought us to the wall at the end of the road down which Europe has been kicking the can for quite some time now.”

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Currencies

Tuesday, October 25, 2011

What Do Wave Charts Say About the Euro? / Currencies / Euro

By: Glenn_Neely

This article is Part 1 of a 3-part interview series with Glenn Neely, founder and president of NEoWave Institute.  In these 3 interviews, conducted by blogger Bud Fox, Glenn Neely looks ahead at 3 specific trading markets (Euro, Gold, and Treasuries) through the lens of Wave structure and explores what Wave theory tells us about the next 5-10 years.

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Currencies

Wednesday, October 12, 2011

The Euro is Dead. Long Live the Euro / Currencies / Euro

By: Axel_Merk

Best Financial Markets Analysis ArticleTo ensure the European sovereign debt crisis doesn’t go to waste, the markets have kept policy makers and bankers on their toes. The naysayers of a European turnaround have become so overwhelming that it is stunning Europe hasn’t submerged into the Atlantic Ocean yet. It appears that German Chancellor Angela Merkel, the cautious woman with the checkbook, is about to turn the tide.

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Politics

Friday, October 07, 2011

European Politicians Fiddling While the Euro Burns / Politics / Euro

By: John_Browne

Last week, eurozone finance ministers postponed, yet again, the most difficult decisions on the Greek debt crisis. The assembled powers could have forced an orderly Greek default or they could have taken steps to push Greece out of the union. Instead, they simply bought time until the next major rollover of Greek debt - which comes due in November. I don't expect much to come from the brief respite.

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Currencies

Friday, September 30, 2011

What the Euro Will Look Like in Five Years / Currencies / Euro

By: Money_Morning

Best Financial Markets Analysis ArticleSean Hyman writes: Believe it or not, there was a time when investors saw the euro as the savior currency of the world.

People talked about how the euro would replace the dollar as the world's reserve currency - and there was plenty of proof to support that opinion.

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Politics

Thursday, September 29, 2011

Enron-i-sation of Europe; Is the Euro "Beyond Rescue"? / Politics / Euro

By: Mike_Shedlock

Best Financial Markets Analysis ArticleSteen Steen Jakobsen, chief economist for Saxo bank in Denmark discusses the Enron-i-sation of Europe in an Email "Macro Brief"

The Enron-i-sation of Europe: Finding solutions through SPV’s speak for themselves. Apart from the inability to being implemented (if German constitutional court is heard) it’s also a slippery road towards permanent aid. Hiding debt in more and more obscure vehicles is similar to Enron having 1000s of SPV hiding the “real issue”. Debt is debt. It needs to be paid back or someone needs to take a loss!

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Currencies

Thursday, September 22, 2011

Fed's Twist, ECB's Turn, Euro Shouts / Currencies / Euro

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleThe FOMC has done what was expected via Operation Twist; buying the same amount of Treasuries ($400 bln) as much it will sell, thereby maintaining the size of its balance sheet at $2.87 trillion. This explains today's jump in USD. And the fact that the Fed stayed away from cutting interest rate on overnight reserves is another positive for USD & negative for equity indices.

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Currencies

Tuesday, September 20, 2011

Potential Euro Collapse and Rapid Redistribution Of Personal Wealth / Currencies / Euro

By: Dan_Amerman

Diamond Rated - Best Financial Markets Analysis ArticleThere is a significant chance that the Euro itself will collapse in the coming weeks or months.  Although the highly likely Greek government default may act as the trigger, the collapse of the European Monetary Union (EMU) and its currency is a quite different event from a single minor member defaulting on its debts.  As discussed herein, the potential rapid annihilation of what used to be a global reserve currency could lead to one of the fastest and sharpest redistributions of wealth in financial history.  If catastrophe takes down Europe's economy and banking system, then we may see repeated tidal waves of business collapse and spiking unemployment spreading out from the EU, and slamming into the already weak but tightly interlinked economies of the US, Japan, Canada, Australia and others. 

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Currencies

Tuesday, August 30, 2011

Why the Euro is Not a Good Short / Currencies / Euro

By: Capital3X

Best Financial Markets Analysis ArticleNo matter how bad the situation in EU zone is, the current price action is speaking a different language. Euro is not a good short at these levels. On the contrary, EUR/USD and EUR/GBP are building up a tremendous consolidation last seen probably in 2007. We know what happened then as it broke away to hit all time highs at 1.62. We are not saying it will do so now but the case to do so exists.

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Currencies

Monday, July 25, 2011

Eye on Euro / Currencies / Euro

By: Mike_Paulenoff

It is interesting that the EUR/USD is circling unchanged this morning while spot gold price continue to climb in reaction to the ongoing impasse in the U.S. debt ceiling debate. You would think that if the desperate elements within the EC political structure managed to find common ground to deal with (quarantine) Greece during a crisis, that U.S. politicians would be able to put aside some of their differences to end this game of brinkmanship to avert an unprecedented crisis.

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Currencies

Friday, July 15, 2011

EUR/USD Next Bear Leg Now in Process / Currencies / Euro

By: Seven_Days_Ahead

Our previous Update on EUR/USD highlighted a key reversal week in early May, which has marked the start of a consolidation/correction phase. Following renewed weakness we look at where the next supports reside.

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Currencies

Wednesday, July 06, 2011

EURO Set to Soar Over Next 5 Years, Reason 10 year Debt Schedule of Europe / Currencies / Euro

By: Submissions

Diamond Rated - Best Financial Markets Analysis ArticleMany are going to receive this with skepticism. EURO is set to soar esp against the US dollar and UK pound.

As per the EU stat released debt maturity schedule of PIIGS, a total of 370 bn euros was paid in 2010 while 328 is set to be paid in 2011. What is important to understand though is that the amount due to be retired decreases to 96.5 bn euros in 2016.

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Currencies

Friday, July 01, 2011

Is the Euro in the Clear? / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Greek Parliament has voted to accept the austerity measures demanded by the IMF/EU/EZ in return for additional financial assistance, is the crisis for the Euro zone over or is it just a sticking plaster applied to a deeper wound?

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Currencies

Thursday, June 30, 2011

Euro Maintains Upper Hand Against U.S. Dollar / Currencies / Euro

By: Mike_Paulenoff

For all of the trepidation about a Greek default, and the possible dis-integration of the euro, it appears to still have the upper hand in its relationship with the dollar.

Perhaps Chairman Bernanke would not want it any other way at the moment?

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Currencies

Monday, June 27, 2011

The Twin Spiral USD And EUR Collapse / Currencies / Euro

By: Andrew_McKillop

Best Financial Markets Analysis ArticleBYE-BYE THE EURO, HELLO THE DOLLAR
The basic problem of the Eurozone-17 nation group using the euro dates from long before the euro's creation and its proven unworkability was well known in advance. There is no excuse for this. From the often crisis-wracked EMU system (European Monetary Union) starting with the 1980s Ecu system and becoming the EMU in 1992, the creation of the ECB central bank from the central banks of Eurozone member countries, closely linked with non-members like the UK, only intensified political playacting and meddling in the economy. The excuse for this was supposedly to foster federal-type political integration of the European Union and achieve the goals of mostly forgotten treaties (except to Eurocrats) such as the coal and steel community and Euratom.

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Currencies

Wednesday, June 01, 2011

The Breakup of the Euro and Euro-zone? / Currencies / Euro

By: Michael_Hudson

Best Financial Markets Analysis ArticleLast month Iceland voted against submitting to British and Dutch demands that it compensate their national bank insurance agencies for bailing out their own domestic Icesave depositors. This was the second vote against settlement (by a ratio of 3:2), and Icelandic support for membership in the Eurozone has fallen to just 30 percent. The feeling is that European politics are being run for the benefit of bankers, not the social democracy that Iceland imagined was the guiding philosophy – as indeed it was when the European Economic Community (Common Market) was formed in 1957.

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Currencies

Saturday, May 21, 2011

Euro Peering Over the Abyss, What will the E.U. Do? / Currencies / Euro

By: John_Mauldin

Diamond Rated - Best Financial Markets Analysis ArticleI have been doing a lot of reading this week, and today we look at some of the thoughts that keep coming to my mind. We'll think about the declining importance of economic theory (which is a tragedy) and then cast our eyes to Europe, where a truely tragicomic drama is being performed. Who needs the movies when you have the EU? There is a lot to talk about.

But first, some of my thinking has been deeply colored by some recent Conversations I have had with Neil Howe, Lacy Hunt, Dylan Grice, and George Friedman. Those audios and transcripts will soon be on the Conversations website, and others will join them shortly.

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Currencies

Friday, May 13, 2011

EUR/USD Negative Key Reversal Gives Bulls Pause / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThis year’s uptrend recently neared a 76.4% recovery level, but a sell-off last week has stopped bulls in their tracks for now, with current risk of further losses shorter term.

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Currencies

Wednesday, May 11, 2011

Why the Euro Currency is Doomed / Currencies / Euro

By: Money_Morning

Best Financial Markets Analysis ArticleJack Barnes writes: The Eurozone project has seen better days, which is why the future of the euro isn't a bright one.

In fact, as all the latest speculation about Greece either abandoning the euro currency - or being booted out of the Eurozone outright - is demonstrating, "the market" is about to apply a level of pressure well beyond what the Eurozone and European Union (EU) were designed to handle.

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Currencies

Friday, April 01, 2011

Bulls in EUR/JPY Remain a Driving Force / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleLong term support in EUR/JPY remains around a 76.4% pullback level (recently retested), and a better recovery is still a prospect following the recent brief sell-off.

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Currencies

Wednesday, March 16, 2011

ECB Peripheral Divergence and EUR/USD / Currencies / Euro

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleThe primary reason for the currency's stabilization earlier this year and the subsequent 10% rally from early Jan was the ECB's hawkish rhetoric in the face of rising inflation. 2.4% annual inflation was a sufficiently good reason for the ECB to make a hawkish twist, especially as it underwent the awkward task of having to buy Irish and Portuguese bonds, while preaching monetary discipline and price stability. Bernanke's constant reiterations to maintain QE2 into June did not help the US dollar and neither did the low-volume surge in global equities to fresh 2 ½ year highs.

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Currencies

Thursday, March 03, 2011

Euro Nears $1.40 as Global Tensions Soften / Currencies / Euro

By: LiveCharts

Major financial markets are reacting early Thursday (March 3) morning to word from the Arab League that it is seeking ways to end the crisis in Libya.

Heightened revolution and political tension in the Middle East has dominated global news during the last few months. It has also impacted speculation in many investment markets.

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Currencies

Tuesday, February 08, 2011

Which Currency Will Crash First? / Currencies / Euro

By: Rosanne_Lim

Best Financial Markets Analysis Article2010 was an exciting year for currencies. The dollar, euro, the yen, and the yuan all went under the spotlight. Except for the yuan, each experienced drastic swings wrought about by internal or external factors. But overall, these events underwhelmed confidence in paper money. The main reason is because of the sovereign debt crisis that swept the world.

Most of the developed nations including the United States, Japan, and a number of European countries have unsustainable debt. The US and Japan, for example, are heading towards insolvency. Meanwhile, the only reason why several countries in the EU haven’t defaulted is the bail-out by stronger EU members.

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Currencies

Sunday, January 30, 2011

Why Japan Needs a Weaker Yen, and How You Can Play It / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleStandard & Poor’s downgraded Japan’s sovereign debt rating this week. It was the first cut in Japan’s rating in nine years. Japan now joins Greece, Ireland, Portugal, Spain — all of which have been downgraded in the past twelve months; hardly the kind of company a country wants to keep.

I’ve said many times that in a world mired in debt and deficits, it’s only a matter of time until Japan has its turn under the spotlight of global scrutiny. And with this downgrade, it could be sooner rather than later.

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Currencies

Wednesday, January 26, 2011

China Plays Europe Card, Ramifications of Chinese Dollar Swap Facility / Currencies / Euro

By: Jim_Willie_CB

Diamond Rated - Best Financial Markets Analysis ArticleWhether Americans and Westerners in general like it or not, the Chinese have become and will remain the key drivers to many economic and financial market developments, progress, and averted wreckage. The intrepid lapdog US press, loyal to the syndicate, is a critical element to maintain distractions. Of course, China must adapt and react to their own stumbles and accidents, assured since for years they have maintained a tight link in monetary policy. Doing so has linked their asset bubble expansion and bust cycle to the deadly one in the United States, and filled their coffers with US$-denominated toxic debt securities.

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Currencies

Monday, January 24, 2011

Euro's Reversal of Fortune & Outlook / Currencies / Euro

By: Dian_L_Chu

Best Financial Markets Analysis ArticleThe Euro closed up Friday`s session at 136.13, and looks poised to make a run up to test the 140 level in February. I, among many, was thinking the Euro would next test the 125 level, and things started heading well in that direction with the Euro moving down to 129, and appearing on a downward slope.

So what happened? Well, there have been quite a few new developments that prompted this reversal of the euro fortune.  

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Currencies

Friday, January 21, 2011

European Debt Crisis: How to Profit No Matter What Happens / Currencies / Euro

By: Money_Morning

Best Financial Markets Analysis ArticleShah Gilani writes: Since the European debt crisis first emerged in early 2010, it has dominated headlines, roiled the world financial markets, and has kept investors in a perpetual state of alert as they wait for the next shoe to drop.

But let me share with you a little-known secret: Investors who understand where the "fault lines" are forming in this Eurozone debacle can transform the biggest sovereign-debt crisis in years into a major profit opportunity.

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Currencies

Monday, January 17, 2011

Medium Term EUR/GBP Downtrend Resuming / Currencies / Euro

By: Seven_Days_Ahead

A medium term bear signal in the EUR/GBP cross was given in the first half of 2010, with subsequent recovery finding good technical resistance last October. Renewed weakness now looks like the resumption of the main downtrend.

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Currencies

Sunday, January 09, 2011

Falling Euro May Offer the Best Investment OPPORTUNITY of 2011 / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleAs we start the New Year, the global investment climate looks remarkably similar to this time last year. The world is getting more bullish on the outlook for the U.S. Meanwhile, the unfolding sovereign debt crisis in Europe threatens to squash global risk appetite and send not only Europe back into recession, but perhaps trigger another global financial crisis.

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Currencies

Thursday, January 06, 2011

Euro Currency New Year, New Challenges / Currencies / Euro

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleOne interesting aspect of todays blow out +297K rise in Dec ADP is the cautious interpretations circulated for Fridays release of Dec Nonfarm payrolls. Recall the disappointing 39K increase in Nov payrolls from +172 in Oct despite the unexpectedly strong +92K ADP in Nov. Nonetheless, both the US dollar and 10 year yields are rallying across the board of further growth recovery in the US. Noting that Fed Chairman Bernanke will testify to Congress 1 hour after Friday's jobs report, we would expect the Chairman to reiterate the case for buying the entire $600 bln in QE2 even in the event that Dec payrolls show a blowout number with similar proportions to today's ADP (above 220K-250K). Yet despite those reiterations of QE2, bond yields will likely hold on to their upward trajectory eyeing 3.80% before ultimately regaining 4.10-15% in late Q1, which should help support USD vs. EUR, GBP and JPY.

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Currencies

Wednesday, December 22, 2010

Europe's New Plan to Save the Euro / Currencies / Euro

By: STRATFOR

Diamond Rated - Best Financial Markets Analysis ArticleEurope is on the cusp of change. An EU heads-of-state summit Dec. 16 launched a process aimed to save the common European currency. If successful, this process would be the most significant step toward creating a singular European power since the creation of the European Union itself in 1992 — that is, if it doesn’t destroy the euro first.

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Currencies

Monday, December 20, 2010

Is this the week which brings “bad” fortune to Euro? / Currencies / Euro

By: Bari_Baig

Best Financial Markets Analysis ArticleIt seems just about everyone has forgotten about the EU Debt Crisis which couldn’t get enough air time several weeks ago. Now, all of a sudden everyone’s attention is towards U.S or as the holiday season is approaching no one wants to look at the bad side of the picture [But] does that mean all is well?

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Currencies

Friday, December 10, 2010

Ominous Euro Divergence From Rising US and European Equities / Currencies / Euro

By: Ashraf_Laidi

China's latest action to raise banks' reserve requirement ratios is no longer weighing on market sentiment as participants expect the more aggressive option of higher interest rates (borrowing and lending). The overnight decision to hike RRR for the 6th time this year is seen as part of a broader tightening.

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Currencies

Tuesday, December 07, 2010

EUR/USD Targets 1.25 / Currencies / Euro

By: Bari_Baig

Last week on Dec 2nd after the ECB’s press conference Euro found additional strength on news that three months were being extended in the QEI program and by Friday’s close Euro had traded upward to 1.343s. Euro then rallied from 1.298s to 1.343s which is 5 Big figures and we had termed the move a bounce even before it took place as we wrote in our article [The Good Days [Euro] dated Dec 1st on www.marketprojection.net and [Euro, USD, Gold, and Stock Index Analysis] on Dec 1st on www.marketoracle.co.uk that “Edited note “summary”: coming two days would be good for Euro and we are “Bulls” as we find Euro extremely over sold at this point however, after 2 days the downside opens up even more and we’d therefore sell on strength” regardless of what we had anticipated we are willing to give all this credit to Mr. Trichet. Why? Because the only obvious effect of Mr. Trichet’s statement was on Euro and it too was further aided by weak employment data from the U.S on Friday which resulted in U.S Dollar falling fast.

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Currencies

Friday, December 03, 2010

Is Euro really that Strong or it’s just a Bounce? / Currencies / Euro

By: Bari_Baig

Okay, let’s be fair, past two days have been wondrous for Euro without a doubt! It is difficult to understand how quickly war wounds are forgotten when the going gets “simple” and [apparently] things are going smooth, word of focus is “apparently”.  Euro Bulls are cheering and well they have all the right to do so but should we also cheer with them? To an extent, yes as we wrote in our article [Euro, USD, Gold and Stock Index Analysis] dated Dec 1st on www.marketprojection.net that “We say [Go Bulls] for 2 days” and we further went on to define the move that Euro would take in coming two days with the top side at 1.337s as the Single European currency seemed too oversold to us.

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Currencies

Thursday, December 02, 2010

ECB Will Do Whatever it Takes to Save the Euro / Currencies / Euro

By: Axel_Merk

The one thing worse than a fire in a building is a fire in a building when emergency exits are bolted shut: a panic in the market is exacerbated when liquidity dries up. It appears the European Central Bank (ECB) embraces this view: in today's press conference by ECB head Trichet, he re-iterated a number of times that non-standard measures are there to permit appropriate transmission of standard measures. In plain English, this means that whatever emergency support is given to the market is a) temporary in nature and b) designed to allow monetary policy and thus economies to function.

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Currencies

Tuesday, November 30, 2010

Could Gold Replace the Euro? / Currencies / Euro

By: Bari_Baig

The pace at which things are changing in this ever changing world is very interesting. Less than two weeks ago Irish government was reluctant to admit to a problem with the Irish Banking system. Outcome; Mr. Cowen panicked he did not just agree to the bailout package but to keep the fragile coalition in place he announced re-elections in January. Everyone touts about being democratic however, coalition governments seldom work [well] even when all seems to be going fine whereas Mr. Cowen has work cut out for him as he’s frantically juggling to keep things in place most importantly the Budget.

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Politics

Friday, November 26, 2010

Euro Fatally Wounded by Serial Sovereign Debt Bailouts / Politics / Euro

By: Mike_Shedlock

Best Financial Markets Analysis ArticleI have been warning since 2007 that European banks were in at least as bad a shape as US banks. Recent events in Greece, Ireland, Portugal, and Spain should make it clear to even the Euro bulls just how severe the stress on the Euro is.

One would think this would have caused the dollar-centric hyperinflationists and those who thought the Euro would be the world's next reserve currency to go into hiding, but instead several hyperinflation proponents have attracted followings by calling for hyperinflation in the US by the end 2011. One even offered seminars on how to deal with it.

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Currencies

Friday, November 26, 2010

EUR/CHF Bear Wind Blows / Currencies / Euro

By: Seven_Days_Ahead

We last looked at EUR/CHF when bears seemed fully in control, but subsequent action has suggested that that tide is on the wane, with the first positive indication recently seen. The current pullback could prove temporary, with a fresh attempt on the upside to come.

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Currencies

Monday, November 22, 2010

Is the Euro Finished? / Currencies / Euro

By: Kevin_George

In 2008, Irish finance minister proclaimed that in shoring up their toxic banks that it was “The cheapest bank bailout in the world!” Two years later and this cost was ‘expected’ to rise to €34bn. Fast forward to the present and the confirmation that Ireland has been forced to seek assistance from the EU/IMF totalling around €80bn.

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Currencies

Friday, November 19, 2010

EUR/USD Bounce Closing in on Stronger Resistance / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe recovery in EUR/USD from the Jun low has, so far, been a 3-wave affair and recently found good resistance. There is now the risk that further weakness will mean curtains for the bulls as upward momentum seeps away.

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Currencies

Sunday, November 14, 2010

The Euro Back Under the Microscope, PIIGS Debt Crisis Round3 / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleInvestors, politicians and the media have had tunnel vision for the better part of the past five months. And it’s been directed squarely on the United States.

The world has been transfixed on the dollar. Experts have tirelessly surmised how the Fed’s recent decision to launch another round of quantitative easing was reckless. And they’ve claimed this action will do irreparable damage to the buck — the world’s primary reserve currency.

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Currencies

Tuesday, November 09, 2010

QE2's Done, Now Euro and European Debt Crisis To Take Center Stage / Currencies / Euro

By: Dian_L_Chu

Diamond Rated - Best Financial Markets Analysis ArticleOver the past month or so, world`s focus, currency markets in particular, has been centered mainly on the U.S. over QE2, the November elections, and the Job`s Report. As such, there have been some interesting headlines coming out of Europe that went quietly under the radar as Wall Street became infatuated with their own bullish sentiment.

Now, with QE2 and mid-term election pretty much behind us, guess where the market’s attention will shift to next?

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Currencies

Saturday, October 23, 2010

Don't Fear the Euro Currency / Currencies / Euro

By: Michael_Pento

Best Financial Markets Analysis ArticleWhen the euro hit a low of $1.1917 against the US dollar on June 7th, 2010, the airwaves crackled with assertions that the European common currency, beset by Greek debt problems and intra-union discord, was destined to trade at parity with the greenback. They were wrong. Since then, the euro has risen over 17% against the dollar, hitting $1.3961 today. The current upswing, delivered courtesy of the Fed, has at least temporarily silenced the euro's critics. It should also serve to impugn the notion that the US dollar holds a permanent position as the world's reserve currency.

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Currencies

Monday, October 11, 2010

EUR/USD Bounce Closing in on Stronger Resistance / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe recovery in EUR/USD from a Jun low has turned out impressive, with a second bull leg now well underway. This has started to reach certain interesting resistance levels which the market could find tough to overcome.

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Currencies

Wednesday, September 22, 2010

Top Building Period for Euro / Currencies / Euro

By: Mike_Paulenoff

We are long U.S. dollars against the euro now, to go along with our long dollar model portfolio position against the yen, which is a toe-dipping expedition ahead of what I think is an approaching period of lower gold prices, falling oil prices, and correcting equity prices...or in other words, a respite for the "risk-on" trade.

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Currencies

Wednesday, September 22, 2010

Euro nears $1.34 following Fed meeting announcements / Currencies / Euro

By: LiveCharts

Central Bank leaders elected to leave interest rates alone following their monetary policy meeting on Tuesday (September 21). The move extended weakness in the dollar and helped push the euro and pound higher.

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Currencies

Thursday, September 16, 2010

Euro Moves Higher Against U.S. Dollar / Currencies / Euro

By: LiveCharts

The euro traded as high as $1.3038 earlier Wednesday (September 15) and currently sits at $1.3011 after upbeat US data this week has cause some speculators to move away from the dollar and into more high risk investments.

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Currencies

Wednesday, September 08, 2010

Euro Falls Hard on Renewed European Sovereign Debt Crisis Concerns / Currencies / Euro

By: LiveCharts

The euro has dropped sharply in the last 36 hours after new data showed risky debt held by European banks could be a bigger problem than was previously indicated.

The stress test of European banks performed by the European Union in July found that lenders would holding plenty of risky debt. The report indicated that German’s top 10 banks were $135 million below new capital requirements based on their debt situations.

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Currencies

Sunday, September 05, 2010

China Knows the Fate of the Euro / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleThis week, the U.S. Commerce Department gave China another pass on its currency manipulation, ruling against charges it was undercutting U.S. aluminum makers.

This puts China’s currency back on the radar for the politicians and others who, last June, were coaxed into thinking that China was making concessions on its weak currency policy. That’s when China announced they would be de-pegging the value of the yuan from the U.S. dollar.

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Currencies

Friday, August 20, 2010

Slip Back in EUR/JPY Currently Assumed Temporary / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleAfter EUR/JPY found interesting support from a long term 76.4% level earlier in 2010, initial bull signs appeared. The current s/term slip back might unnerve the early bulls but it is worth them keeping the faith for now.

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Currencies

Saturday, August 14, 2010

Fed’s Wake-Up Call Gives the Euro a Dose of Reality / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleThe Fed surprised many people this week when it announced it would respond to the deteriorating economy with more efforts to stimulate.

It was a splash of cold water on the face of the world, a wake-up call that hammered home the reality of the economic climate: The recession wasn’t normal, the recovery wasn’t real, and we’re only half way through what will likely be described as a global depression.

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Currencies

Friday, August 13, 2010

Has the short-term move in the Euro Yen clarified the long-term outlook? / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleFor most of May and June the Yen was a strong buy against the Euro, as traders sought safe havens to protect against the Euro zone Sovereign debt crisis. At that time, the Yen and Dollar were considered safe trades, especially the Yen, even though Japan runs a very high debt to GDP ratio and continues to struggle with deflation. But unlike the Dollar, Japan runs a healthy trade surplus, has foreign exchange reserves in excess of US$1.0T and most of her government bonds are owned domestically.

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Currencies

Thursday, July 22, 2010

Euro Currency Follow Up Analysis / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleLate last week we produced a video on the euro (which was posted on our blog on Monday), making a case that the currency was very close, if not at its highs. Since then, we have had two significant events fall into place which made the dollar skyrocket against the euro.

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Currencies

Monday, July 19, 2010

Is the Euro on Shaky Ground? / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleIn this short video we take an in-depth look at the euro and its relationship to the US dollar. The recent sharp rally in the euro, up from the 1.19 level, may be coming to an end.

We look at several indicators that are close to confirming that this market may be set to head lower.

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Currencies

Friday, July 16, 2010

Euro Currency Rally Good for Gold / Currencies / Euro

By: Mike_Paulenoff

The euro rally versus the dollar has really started to gain steam, propelling the euro to retest a major resistance plateau (formerly support) at 1.2880, which if hurdled and sustained will argue for additional strength that next should confront the sharply declining 200 DMA, now at 1.3315.

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Currencies

Thursday, July 15, 2010

How the ECB Engineered the Euro’s Recovery / Currencies / Euro

By: Gary_Dorsch

Diamond Rated - Best Financial Markets Analysis ArticleTrying to pick a winning trade in the foreign exchange market is similar to judging a “reverse beauty” contest. In other words, one must be able to identify the least ugly currency among its peers, at any given moment in time. All paper currencies are considered to be ugly, when compared to the “king of currencies” – Gold, since the central bankers are apt to print vast quantities of fiat currency, at the behest of government officials who have appointed them to run the printing presses.

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Currencies

Thursday, July 15, 2010

Proshares Ultra Short EUO Euro ETF Trend Analysis / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleHere's an ETF that you may want to take a look at...

I just finished a new short video on an ETF that's looking very interesting. The video runs a little over two minutes and gets right to the meat and potatoes of this market.

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Currencies

Sunday, July 11, 2010

Euro Rally Profit Selling Opportunity / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleOver the past month, the talk from European officials about the sovereign debt crisis has gone relatively quiet.

Meanwhile, the euro has bounced aggressively from 1.1877 to over 1.27 versus the dollar.

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Currencies

Friday, July 09, 2010

Is the Squeeze Over in the Dollar Euro? / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleDespite the Dollar’s recent weakness against the Euro, we sense the market is undergoing a correction rather than a trend reversal. The situation in the Euro zone remains delicate. Indeed, the only thing that has changed in recent weeks is that the endless stream of negative commentary about the Euro zone has virtually dried up.

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Currencies

Friday, July 02, 2010

The Euro Makes a Stand / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleAfter dipping just below the 1.20 level, the euro had a brief rally that pushed this currency back up to the 1.24/1.25 area. This corrective rally did not change the longer-term outlook for this market.

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Currencies

Friday, July 02, 2010

EUR/USD Trying to Establish a Base / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleEarlier in June the Daily EUR/USD chart had shown signs of bear fatigue, although subsequent action proved muted on the upside. However, Thursday’s strength re-focuses attention on nearby resistances, through which a better, albeit temporary, recovery beckons.

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Currencies

Tuesday, June 29, 2010

Why I'm 100% Certain the Euro Will Fall / Currencies / Euro

By: DailyWealth

Best Financial Markets Analysis ArticleTom Dyson writes: I call it my "broken dam" indicator...

Imagine trying to dam a powerful river. You build the thickest dam you can afford. For a while, the dam holds the water back and a reservoir forms. As the reservoir gets bigger, the water's pressure grows. Eventually, the weight of the reservoir exceeds the strength of the concrete, and the dam starts crumbling. Sooner or later, the reservoir ends up in the valley... along with your dam.

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Currencies

Wednesday, June 23, 2010

Euro Under Pressure Means Forex Trading Should Not be Foreign to You / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleIt's the biggest market in the world and is traded 24 hours a day, 6 days a week, and therefore one that is impossible to ignore. I'm speaking, of course, about the forex market.

The question is, is this the tail that's wagging the dog? Meaning, is the forex market, mainly the euro, dictating the trend in American and European equity markets.

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Currencies

Tuesday, June 22, 2010

Euro to Fall Further and Gold Breaks Traditional Relationship With Dollar / Currencies / Euro

By: Miles_Banner

Best Financial Markets Analysis ArticleThe devaluation of the euro in recent months, which has continued in spite of huge political attempts to reverse the trend, has recently accelerated.

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Currencies

Friday, June 18, 2010

Euro Declines on a Sea of Bankruptcy and Paper Promises / Currencies / Euro

By: LewRockwell

Richard Daughty writes: Do you ever get the feeling that you are in some kind of weird dream, where someone is holding a pillow over your face so that you can’t breathe, and you can dimly hear your children asking, “Is he dead yet, mom?” and I am thrashing around and yelling out, “No, I’m not dead, you morons!” but nobody is paying attention? Me, too!

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Currencies

Thursday, June 17, 2010

Euro Stabilized as Worst Credit Fears Subside / Currencies / Euro

By: LiveCharts

The Euro appears to be relatively stable this week, with a current rate of $1.2304.  It actually reached a Wednesday morning (June 16) high of $1.2355 before receding a bit in the mid morning trade.

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Currencies

Friday, June 11, 2010

It's Time to Close Out Your Short Euro Trade / Currencies / Euro

By: DailyWealth

Dr. Steve Sjuggerud writes: Six months ago, in my newsletter True Wealth, I told readers it was time to bet against the euro:

This type of opportunity doesn't come along very often. It's time to bet against the euro. It's overpriced. A mountain of factors is against it. And a downtrend has been established – so it's time to make the trade.

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Currencies

Friday, June 11, 2010

ECB Inflexibly Flexible, A Turning Point for the Euro? / Currencies / Euro

By: Axel_Merk

Following the European Central Bank's (ECB) press conference following its monthly meeting, President Trichet's main task was to boost credibility. As Trichet makes abundantly clear, the ECB is"inflexibly attached to price stability." To achieve its goal, however, he could have added the ECB needs to be inflexibly flexible. When quizzed on the ECB bond purchase program, a program that may take the ECB down a slippery road of money printing should it not be properly neutralized, Trichet discussed three elements: the purpose, the design and observation of the program.

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Currencies

Thursday, June 10, 2010

Russia Clings onto Euro Currency Reserves Despite Plunge / Currencies / Euro

By: Pravda

Best Financial Markets Analysis ArticleRussia still trusts the European currency, Prime Minister Vladimir Putin told Agence France-Presse and France 2 TV channel prior to his visit to Paris.

“We trust and believe in the euro. We wouldn’t keep so much of our reserves, gold and foreign currency reserves in the European currency otherwise,” Putin said.

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Currencies

Saturday, June 05, 2010

Prechter Bearish on Euro and Gold / Currencies / Euro

By: EWI

Best Financial Markets Analysis ArticleThe euro's recent loss has been the dollar's gain, which means that it's not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn't such a good buy either. Watch the second excerpt from Robert Prechter's May 20 interview with Yahoo! Finance Tech Ticker host Aaron Task to hear what Prechter thinks is in store for the U.S. currency and gold.

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Currencies

Wednesday, June 02, 2010

The Euro Zone Has Failed, Czech Republic President / Currencies / Euro

By: Mike_Shedlock

Best Financial Markets Analysis ArticleHas the Euro Zone "project" been a success or a failure? Václav Klaus, president of Czech Republic makes a solid case 'The Euro Zone Has Failed'

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Currencies

Saturday, May 29, 2010

Euro Crash And Real Resource Bancor / Currencies / Euro

By: Andrew_McKillop

Best Financial Markets Analysis ArticleFrom as early as mid-year 2008 it was possible to predict the overvalued Euro, always able to gain from intrinsic US dollar weakness, was itself heading for a fall. Unsurprisingly and until late 2009 speculators first shifted to buying the traditional hedges, Gold and Oil, rather than directly attack the Euro. This strategy was however soon troubled by the arrival of the sovereign debt overhang from global economic recession. Contrary to first impressions, the US sovereign debt crisis is at least as irremediable as European national debts.

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Currencies

Friday, May 28, 2010

Euro Crisis, The Hidden Agenda / Currencies / Euro

By: Sol_Palha

"Watch out for emergencies. They are your big chance." ~ Fritz Reiner

While everyone is focusing on the so called obvious factors, they have missed the most important factor; the real reason behind the crisis. The crisis started in Greece and the top EU members knew they were going to bail out Greece and potentially any other member that needed help, but they pretended that they would not. One of the obvious reasons for the bailout was not to protect Greece, but to save the bond holders; most of the bond holders are foreigners. That's the same reason the banks were bailed out in the US, to protect the large shareholders; it's all a game of smoke and mirrors.

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Currencies

Thursday, May 27, 2010

Critical Juncture - Update on the Euro, Australian Dollar and Japanese Yen / Currencies / Euro

By: Axel_Merk

Our long-term outlook on the euro remains more positive than that of many market participants. There are numerous reasons for our view, amongst others because it is more difficult to print and spend money in the eurozone. Fiscal coordination is rapidly improving in the eurozone, addressing the euro area's key deficiencies. Since the announcement of the $1 trillion credit line less than 3 weeks ago, Spain, Portugal and Italy have all passed substantial fiscal consolidation measures. Germany is also seizing the opportunity, proposing to reform labor markets.

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Currencies

Sunday, May 23, 2010

Euro Collapse Looms? Panic Ban On Naked Short Selling / Currencies / Euro

By: F_William_Engdahl

Best Financial Markets Analysis ArticleGermany's Chancellor Angela Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed. It comes as stock markets in Europe and Asia tumbled on the surprise news that Berlin was banning types of 'short selling' where investors profit by betting that shares will drop in value.

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Currencies

Saturday, May 22, 2010

Euro Gains as Germany Finalizes Eurozone Support Package / Currencies / Euro

By: LiveCharts

German lawmakers have moved very quickly to officially put into a place a loan assistance package for debt ridden European Union countries.  Citing the growing despair in the marketplace, German leaders noted that making the support package official was important to concerned consumers and investors.

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Currencies

Friday, May 21, 2010

Euro Panic Buying Opportunity / Currencies / Euro

By: Zeal_LLC

Best Financial Markets Analysis ArticleThe condition of Europe has become the psychological linchpin governing the world’s financial markets.  Even the notoriously insular American investors are fretting about Europe’s woes on an hour-by-hour basis, which is incredible.  The euro currency has become the focus of the global Europe fears, trying unsuccessfully to shoulder this crushing burden.  The result is the euro’s recent panic-like plunge.

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Currencies

Thursday, May 20, 2010

Euro Trending Towards Parity to the U.S. Dollar, Fast! / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleDon't be surprised when one euro equals one dollar... it could happen.

As everyone in the Western World knows, Europe has been having its share of major problems. All of Europe’s trials and tribulations have had a dramatic affect on the performance of the euro, recently putting it under severe pressure.

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Currencies

Thursday, May 20, 2010

Euro Crisis Totally Out of Control? Implications / Currencies / Euro

By: Christopher_Laird

Best Financial Markets Analysis ArticleThe evolving Euro crisis is expanding and deteriorating rapidly. In only one week since the $1 trillion EU proposed bailout, the following happened:

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Currencies

Wednesday, May 19, 2010

If The Euro Collapses What Will Happen to the Oil Price? / Currencies / Euro

By: Andrew_Butter

Best Financial Markets Analysis ArticleAccording to the IMF World GDP in nominal terms expressed in dollars was $57 trillion in 2009. The European Union accounted for 29% of that; and lets say another 10% of the world implicitly or explicitly link their currencies to the Euro (for the sake of argument I’m assuming the Pound tracks the Euro and the Yen will track the dollar more or less).

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Currencies

Saturday, May 15, 2010

You're Not Too Late: Three Euro Trades You Can Make This Week / Currencies / Euro

By: DailyWealth

Best Financial Markets Analysis ArticleTom Dyson writes: In March 2009, the Federal Reserve announced it would spend $300 billion buying Treasury bonds...

The Federal Reserve has immense financial power. You'd expect this announcement to cause prices to rise in the Treasury bond market. And they did. The day they made the announcement, Treasury bond prices had their biggest one-day gain in history... and continued rising for a few days after.

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Currencies

Saturday, May 15, 2010

Euro Crisis, The Worst is Yet To Come / Currencies / Euro

By: Sol_Palha

Best Financial Markets Analysis Article"If the thunder is not loud, the peasant forgets to cross himself." ~ Russian proverb

I think it is a given that Greece will have to default, everyone knows this, but they are just playing cat and mouse for now. Most Greeks are dead set against the new Austerity measures and they will likely throw this government out of power for the new changes they have instilled.

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Currencies

Friday, May 14, 2010

Euro Under Extreme Pressure in Downward Death Spiral / Currencies / Euro

By: Mike_Paulenoff

Best Financial Markets Analysis ArticleIf a picture is worth 1,000 words, then in the case of the enclosed 11-year weekly chart of the EUR/USD only one or two are required to put the situation into perspective: WOW! Or, alternatively, YIKES! In recent days, we have discussed the inability of the EUR to mount any sort of rally to regain Sunday evening's short-covering high at 1.3095, which at some point would bring in another round of "liquidators." Appropriately, the "long liquidators" emerged on a Friday, ahead of the European market close, and ahead of the start of the North American session. As of the open the EUR/USD was pressing into new low territory and heading for a test of the prior significant low at 1.2330 (1% beneath current levels) from Oct 2008.

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Currencies

Friday, May 14, 2010

EUR/USD Next Stop 2006 Lows / Currencies / Euro

By: Guy_Lerner

Well that was quick.

I definitely would have thought that the 2009 lows in the EURUSD would have provided a little bit more buying support, but that wasn't to be. As you can see from the weekly chart (figure 1) of the EURUSD, price is well below the key pivot point at 1.25674. This level is now resistance. The next stop is the 2006 lows, which reside in the zone between 1.16 and 1.19.

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Currencies

Friday, May 14, 2010

Gold Rises as the Euro Vaporizes / Currencies / Euro

By: Andy_Sutton

Best Financial Markets Analysis ArticleThis wasn’t supposed to happen. When it was introduced 11 years ago, the Euro was to be the world’s newest, biggest, and best yet currency. There were strict guidelines for getting into Club Euro and you’d better follow them if you didn’t want to be voted off the island. What became immediately clear is that there were stronger members and weaker members. That fact is becoming increasingly apparent as the real state of the Eurozone now comes into clear focus. Over the years, rules were bent, concessions made, and explanations given, all for the purposes of justifying short-term benefits such as the availability of Italian milk to the Club. Yes, Italian milk.

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Currencies

Friday, May 14, 2010

Euro Crash, ECB Losing Credibility as it Prints Money When It Said It Wouldn't / Currencies / Euro

By: Charles_Maley

Best Financial Markets Analysis ArticleIf you really think about it, the Euro is as much of an experiment as it is a currency. As I mentioned in my previous post, the Euro idea was that 16 different countries could join hands under one united monetary policy. The trick is to accomplish this under separate cultures, political structures, and economic climates. How’s that working out?

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Currencies

Thursday, May 13, 2010

Does the E.U. Bailout Signal the Euro’s Death? / Currencies / Euro

By: Money_Morning

Best Financial Markets Analysis ArticleJason Simpkins writes: Does the European Union (EU) bailout signal an end for the euro currency?

Investment icon Jim Rogers and lauded economist Nouriel Roubini think so.

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Currencies

Thursday, May 13, 2010

The Demise of the Euro as a World Currency? / Currencies / Euro

By: Bob_Chapman

Best Financial Markets Analysis ArticleGreece has its immediate financing. Now the question is can they follow the prescription? In all likelihood the answer is no. The bond markets are reflecting that via a lack of confidence. In fact, some bond markets are falling apart and there is no end in sight. We have bond rating firms lowering ratings, as the rating services themselves are under serious fire and we do not believe they will be around long. The big question is why did it take two years and 10 months to react?

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Currencies

Thursday, May 13, 2010

Breaking News, Germany to Leave the Euro This Weekend? / Currencies / Euro

By: Mac_Slavo

Best Financial Markets Analysis ArticleThe internet, and especially gold forums, are getting excited over the possibility of very big news from Germany this Friday.

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Currencies

Wednesday, May 12, 2010

Trillion Shmillion, Euro Europe’s “Common Currency” Is Still Doomed / Currencies / Euro

By: Justice_Litle

Best Financial Markets Analysis ArticleAs far as the euro goes, the trillion-dollar "shock and awe" program was a shocking disappointment. Here's why.

"...while Europeans no longer fear foreign armies, they are starting to fear foreign bondholders. Europe's existence as a "lifestyle superpower' has depended on an ample supply of credit..."

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Currencies

Monday, May 10, 2010

Shock and Awe Euro Short Squeeze, Then What? / Currencies / Euro

By: Mike_Shedlock

Best Financial Markets Analysis ArticleThe ECB, IMF, and now the Fed have come out with bazookas blazing in all hands. The amount of ammunition the fools are willing to throw at "Defending the Euro" is now up to $962 billion.

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Currencies

Sunday, May 09, 2010

Europe WANTS a Lower Euro / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleThe euro is in devaluation mode … in a sharp 17 percent decline against the dollar over the past five months. And I’ve written extensively on why, and why it still has further to go.

Now I believe a covert policy decision has been made by the European Central Bank (ECB) to use currency devaluation as a tool for the European monetary union (Emu) to survive.

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Currencies

Sunday, May 09, 2010

E.U. Finance Ministers Battle to Defend the Euro Against Speculators / Currencies / Euro

By: Mike_Shedlock

Best Financial Markets Analysis ArticleEU finance ministers are meeting this weekend in a mad race to Defend the Euro, whatever it takes.

On Friday, French President Nicolas Sarkozy Vowed to "Confront Speculators Mercilessly" via Secret Plans he could Reveal.

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Currencies

Saturday, May 08, 2010

Euro Crisis, Central Bankers Dream of Economic Decoupling / Currencies / Euro

By: Michael_S_Rozeff

Best Financial Markets Analysis ArticleIt begins with government fiat. Money is mostly electronic. It is mostly "e". It is mostly a series of 0s and 1s in memory banks. Everyone by fiat must accept e-money in payments. It is made into legal tender.

We live in a world of central banks and fiat money. Central bankers are at the core of one portion of a larger government-created political economy. They are the department given the power to create and destroy the electronic bank reserves of ordinary banks. These reserves are nothing more than an e-credit asset account in an ordinary bank's computer memory and an offsetting e-liability account in the central bank's hard drive.

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Currencies

Friday, May 07, 2010

Lower Support Sought in EUR/USD After 76.4% Failure / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleIn this week’s FX Specialist Guide we had been looking closer for evidence of support, on the approach to 1.3000. However, in a sign of bears’ current strength, this level was quickly violated, calling for lower chart levels in what looks to be developing nicely into a second medium term bear leg.

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Currencies

Thursday, May 06, 2010

What if the EuroZone Breaks Up? Looking to the Collapse of the Soviet Union for Answers / Currencies / Euro

By: John_Mauldin

Diamond Rated - Best Financial Markets Analysis ArticleLet's have a thought game. What if the Eurozone breaks up? My friend and very serious philosophical thinker Charles Gave (of GaveKal) thinks that would be a positive event. To quote his conclusion:

"But we return to the most simple of questions, namely: Was the end of the USSR a negative event? When Americans stopped wasting capital building empty condos in Florida or Arizona, was that bad news? If, like us, our reader answers "no" to the above questions, then the Greek crisis should be seen as a reason for hope, rather than despair."

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Currencies

Tuesday, May 04, 2010

Euro in Decline, Possible Headwind for Gold GLD ETF / Currencies / Euro

By: Mike_Paulenoff

Best Financial Markets Analysis ArticleLet's notice that the euro has pressed below the up trendline that originated in 2002, and cuts across the price axis this week at 1.3080. Today's plunge to a new bear phase low at 1.3020 has violated the trendline; however, in that this is a weekly chart, it remains to be seen if euro/dollar will close the week beneath 1.3080. If yes, then the euro should head still lower into the area of the Nov. 2008 to March 2009 lows, in the vicinity of 1.2800 down to 1.2400.

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Currencies

Saturday, May 01, 2010

The Euro Is Screwed, Investors Seek Gold Safe Haven / Currencies / Euro

By: David_Galland

Best Financial Markets Analysis ArticleKevin Brekke and David Galland, The Casey Report write: On April 22, Eurostat, the statistical arm of the European Union, released figures on EU member states’ government deficits and debt for 2006-2009. The European Commission requires member states to report certain data every April.

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Economics

Saturday, May 01, 2010

Where'd the Greek Money Go? How to Flee the Worst Currency Crisis in Three Decades... / Economics / Euro

By: Adrian_Ash

THERE IS NO last mover advantage in fleeing a debt default. Not least when it's so clearly flagged in advance.

So whether or not the Greek government has to restructure its finances – screwing one set of creditors or another – you can't blame Greek savers for moving a chunk of their money out of the country since New Year.

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Currencies

Friday, April 30, 2010

Euro Crisis a Death by A Thousand Day Trades / Currencies / Euro

By: Christopher_Quigley

Best Financial Markets Analysis ArticleLabour unrest, collapsing employment, bankrupt public coffers, riots and sovereign debt default.

This all might seem unexpected however in 1995 a former European Union economist Bernard Connolly foretold it all in his classic book “The Rotten Heart of Europe.”  Connolly was hounded out of his elite job for telling the truth about the lies and obfuscation regarding the ERM (Exchange Rate Mechanism), the forerunner of the Euro. He knew that his instincts and training as a professional economist were telling him that the Euro would be a disaster for Nation States yet he was not allowed to articulate his genuine concerns.

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Currencies

Friday, April 30, 2010

Is It All Over for the Euro? Forex Trading Video / Currencies / Euro

By: INO

Best Financial Markets Analysis ArticleThings have been bad in Europe recently. Between the travel restrictions due to the volcano and ash, as well as Greece not wanting to conform to strict fiscal policies, problems are adding up and adding weight onto the euro.

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Currencies

Monday, April 26, 2010

The Fall Of The Euro / Currencies / Euro

By: Howard_Katz

Best Financial Markets Analysis ArticleMany a weekend since the beginning of the year has been occupied by a “crisis” in the euro.  But this weekend’s “crisis” seems to be the mother of them all.  As such, it will probably put an end to them, and the gold market will pull out of its funk and resume its bull trend.

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Currencies

Thursday, April 15, 2010

What I Am Watching EURUSD / Currencies / Euro

By: Guy_Lerner

The EURUSD cross rate has been bouncing around its weekly key pivot point for several weeks now. See figure 1, a weekly chart of the EURUSD.

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Currencies

Sunday, April 11, 2010

Euro Crisis, Greek Bonds Crashing and Capital Flight as Default Risks Soar / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleIt’s been two weeks since the bailout speculation surrounding the Achilles’ heel of the euro zone, Greece, has had some closure.

European officials kept the balls in the air as long as they could in an attempt to distract speculators … to manage fears of a Greek and euro-zone crisis. It was a carefully orchestrated game of confusion.

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Currencies

Wednesday, April 07, 2010

Alert, Euro On Verge of Real Crisis / Currencies / Euro

By: Christopher_Laird

Best Financial Markets Analysis ArticleSomething big is up, and it’s possible the Euro is going into a real crisis within two months…Is this the next big market surprise ala Lehman? Not exactly like Lehman, but of the scale of that crisis that shook the entire world and almost caused worldwide bank shutdowns in Fall 2008? I am beginning to think so, and have been discussing this looming new worry for subscribers, IE we are right at the cusp of something big for the Euro and the European Union, not only financially but very much so politically. Imagine what a real Euro crisis would do to – everything!

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Currencies

Thursday, March 25, 2010

Euro Currency Bashing, How Perceptions Have Changed / Currencies / Euro

By: Claus_Vogt

Best Financial Markets Analysis ArticleNot long ago the euro was rising, and everybody seemed to hate the U.S dollar. During that market phase I constantly asked a rhetorical question: Why do you think the euro is any better than the dollar?

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Currencies

Saturday, March 20, 2010

Next Down Leg for the Euro / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleThere are two major issues facing global currencies in the months ahead. And both have escalated in the past week.

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Currencies

Tuesday, March 16, 2010

Feldstein and Goldman Sachs Say Buy Euro's Now / Currencies / Euro

By: Dian_L_Chu

Best Financial Markets Analysis ArticleFormer European Commission President Romano Prodi this week said the worst of Greece’s financial crisis is over and other European nations won’t follow in its path.

The Sunday Telegraph also reported the European Union (EU) nations were preparing a “bailout package” for Greece that could exceed $34.4 billion as early as Monday the 15th, with Germany and France the main cash backers.

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Currencies

Saturday, March 06, 2010

George Soros Wants To Destroy the European Currency / Currencies / Euro

By: Pravda

George Soros, a billionaire and philanthropist, was accused of masterminding the financial plot, the goal of which is to send the European currency, the euro, down.

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Currencies

Friday, February 26, 2010

Short-term Bottom for Euro / Currencies / Euro

By: Mike_Paulenoff

As we noted Thursday, the technical set-up of the Euro/$US exhibits the requisite conditions for the establishment of a near-term bottom, followed by a relief rally to 1.3750-1.3800 in the upcoming hours/days. Let’s notice now that the euro is approaching initial resistance at 1.3720/50, which should give us a good gauge as the strength of the euro rally.

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Currencies

Friday, February 26, 2010

Awaiting EUR/USD Reaction At 61.8% Level / Currencies / Euro

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe EUR/USD has continued to grind lower, reluctant to embark on any meaningful rebound phase. Earlier supports have given way but, now, the 61.8% pullback level has been neared, offering sidelined bulls another chance.

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Currencies

Thursday, February 25, 2010

Gold Euro Record High, Euro-zone Crisis as Economies Cannot Devalue Against Each Other / Currencies / Euro

By: Adrian_Ash

Best Financial Markets Analysis ArticleIt wasn't called the "irrevocable exchange rate" for nothing...

PRICING YOUR money in gold – in a world where everyone else does the same, and at fixed exchange rates, too – makes for a big problem if the welfare state begins gobbling up more wealth, year after year, than it earns in taxation.

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Currencies

Sunday, February 21, 2010

The Future of the Euro Currency in Question / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleAt the beginning of this year, I wrote a Money and Markets column entitled “Will the Euro Become the Most Hated Currency for 2010?

At that time, the euro/dollar exchange rate was about 5 percent off of its 2009 highs. And we were just months removed from hearing the constant and broadly espoused opinions suggesting the euro would become the world’s next primary reserve currency — replacing the troubled U.S. dollar.

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Currencies

Thursday, February 18, 2010

Eight Financial Fault Lines Appear In The Euro Experiment! / Currencies / Euro

By: Gordon_T_Long

Diamond Rated - Best Financial Markets Analysis ArticleTremors were heard across Europe and around the world last week. There was little mistaking the clear fracturing sounds of the European Monetary Union.

Receiving less fanfare than the political hyperbole of EU solidarity, was surfacing evidence of serious fissures that exposed similar financial schemes which took the US to the financial abyss.

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Currencies

Wednesday, February 17, 2010

Euro Is Not Gold, May Collapse Plunging Eurozone into Chaos / Currencies / Euro

By: Adrian_Ash

Best Financial Markets Analysis ArticleBorrowing at low German-style rates, the Eurozone states forgot to apply German-style limits...

ALTHOUGH hedge funds keep confusing the two, the Euro is not gold.

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Politics

Wednesday, February 17, 2010

Europe's PIGS Gorging on Free Euros as ECB Bankrolls the Incontinent Subcontinent / Politics / Euro

By: Gary_North

Diamond Rated - Best Financial Markets Analysis ArticleThe wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth (Psalm 37:21).

The question arises: How wise is it to lend to wicked people? Not very. What about lending to national governments, whose representatives were elected in order to show mercy to certain voting blocs with taxpayers' money? Not very. Yet this is what has been done on a massive scale.

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Currencies

Sunday, February 14, 2010

Why Worry About The Euro? / Currencies / Euro

By: Andrew_McKillop

Best Financial Markets Analysis ArticleFrom as early as first quarter 2008 it was possible to predict the overvalued Euro, always able to gain from intrinsic US dollar weakness, was itself heading for a fall. Through 2008-2009 this was delayed, with speculators first making unsurprising bets on the traditional hedges, Gold and Oil, rather than mount direct attacks on the Euro. The recession also slowed the move to full frontal attack on the Euro, since the fantastic national budget deficit of the USA, overseas debt, and Obama bailout spending for Wall Street made, and make a weak dollar more than rational. The Euro reached its all-time high against the Dollar in Oct 2009 at a little more than $1.50.

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Currencies

Thursday, February 11, 2010

Bailout of Greece and the End of the Euro Currency / Currencies / Euro

By: Philipp_Bagus

Best Financial Markets Analysis ArticleThe euro has been sliding against the US dollar for weeks. Concerns about the public finances of eurozone countries Portugal, Ireland, Greece, and Spain, the so-called "PIGS," have emerged in financial markets. Greece is facing the severest crisis, with its 10-year bond yield approaching 7%. The Greek government estimates its budget deficit at 12.7% of GDP in 2009. Gross government debts amount to 113% of its GDP. If the interest rate Greece has to pay for its debts keeps rising, the country may have to default on its obligations.

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Economics

Wednesday, February 10, 2010

Euro Trashed? / Economics / Euro

By: John_Browne

Best Financial Markets Analysis ArticleThe European experiment with a trans-sovereign currency is facing its first acid test. The flashpoint today is Greece, which looks set to default on its debt barring some outside intervention. While many commentators have been squawking about the immediate crisis as if it were the end of life on Earth, I would like to zoom out and discuss the history and longer-term outlook for the euro and its parent, the European Union.

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Currencies

Monday, February 08, 2010

Greece and Portugal Debt Crisis, Euro An Anchor of Stability? / Currencies / Euro

By: Axel_Merk

Best Financial Markets Analysis ArticleThe world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers told banks to shore up their balance sheets with more sovereign debt. However, policy makers around the world have since raced to spend money in an attempt to reinvigorate their respective economies, leading to record deficits. Now everyone appears surprised that weaker countries are having difficulty financing their largesse.

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Currencies

Sunday, February 07, 2010

EURO March to Reserve Currency Status / Currencies / Euro

By: G_Abraham

Diamond Rated - Best Financial Markets Analysis ArticleContinuation of my colleagues analysis, Vishal Damor (Editor InvestingContrarian.com) dated 6 Feb 2010:
EU bonds are the safest bet. STILL!

The EURO has had its stuffing taken out of it over the last 2 months and it needs a lot of analysis and courage to back the EURO at this point of time. We do believe fundamentally that EURO is the future base currency and EU bonds are to be toast of the world central banks. Trichet has vehemently denied that EURO has no role as a reserve currency unless otherwise needed. It only means he will let the world sink the dollar and come begging for an alternative which will not be found anywhere else other than the EURO.

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Currencies

Wednesday, February 03, 2010

Euro Downtrend To $1.32 Under Construction / Currencies / Euro

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleWe pointed out 2 weeks ago that the ongoing decline (weakening) of the once strong inverse correlation between equities and USD would lead to a scenario of prolonged US strength regardless of the evolving trend in equities. As the correlation weakened from a strong -0.94 in November to -0.26 in the 1st week of January, it enabled us to forecast further advances in the greenback irrespective of intraday or daily moves in equities. By taking the other side of the coin and using the daily relation between EURUSD and S&P500, the positive correlation has now fallen from +0.94 in November to a statistically insignificant +0.27 (9-month low).

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Currencies

Saturday, January 30, 2010

Will a Threatened Euro Affect the Gold Price? Short-term Traders Beware! / Currencies / Euro

By: Julian_DW_Phillips

Best Financial Markets Analysis ArticleClaude Trichet, head of the European Central Bank dismissed talk of Greece exiting the Euro as their national currency. The fact that he felt it necessary to issue such a statement meant that the prospect was being discussed outside the E.C.B. Instead, the EU is considering sanctions against the country to bring it into line with the E.U. The stress is high in the Eurozone!

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Currencies

Saturday, January 02, 2010

Sovereign Debt Crisis Could Cripple the Euro During 2010 / Currencies / Euro

By: Bryan_Rich

Best Financial Markets Analysis ArticleFor the better part of 2009 the U.S. dollar was the world’s most hated currency. But it’s looking increasingly likely the tables could turn in 2010. And the euro could take over that unenviable title.

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Currencies

Sunday, December 20, 2009

Euro Single Currency and the Pseudo Gold Standard / Currencies / Euro

By: Phill_Tomlinson

Best Financial Markets Analysis ArticleThe Euros showing signs of stress lately. The Dollar climbed to $1.43, its highest in three months as the fiat race to the bottom continues. Greece's sovereign debt was downgraded with the third generation of a Papandreou residing at the helm in what looks to be another Greek catastrophe. Spain somehow continues to mask the mess it finds itself in. At some point the poison will inevitably seep through. Meanwhile with regards to the other PIIGS (yes thats two i's, Ireland and Italy) we find Ireland have launched their second cost cutting budget in an attempt to appease the other 'sounder' Euro states.

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Currencies

Wednesday, October 28, 2009

EuroDollar Testing Key Near Term Support / Currencies / Euro

By: Mike_Paulenoff

The euro continues to press lower, but let’s notice that the price structure is nearing a test of important support along the March-October up trendline, now at 1.4680, which must contain the weakness to avert a press to test the rising 50 DMA, now at 1.4625. If dollar strength, commodity weakness, bond strength and equity weakness remain connected at the hip, then the results of the test of major trendline could have extremely significant near- and possibly intermediate-term consequences. The ETF for the dollar is the PowerShares DB Dollar Index Bullish (NYSE: UUP) and for gold is the SPDR Gold Shares (NYSE: GLD).

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Currencies

Sunday, May 10, 2009

Reflation Trade Continues, Euro Heading Higher / Currencies / Euro

By: Mike_Paulenoff

Best Financial Markets Analysis ArticleThe developing technical set-up in the Euro-$ could have extremely bullish potential largely because the pattern since last October can be construed as a double bottom (Oct-Mar) followed by an initial upmove from 1.2450 to 1.3735, followed by a pullback into the April 22 low that was contained ABOVE the double bottom lows. And then, during the last two weeks, another rally has emerged that is pushing up against key resistance at 1.3680-1.3735 ­- as the price structure climbs above its 50 and 20 DMA¹s ahead of its upside breakout!

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Currencies

Saturday, March 07, 2009

Euro in Freefall as European Monetary Union Faces Collapse / Currencies / Euro

By: Money_and_Markets

Diamond Rated - Best Financial Markets Analysis ArticleBryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. Having just celebrated its 10th birthday in a free-fall, the euro is being exposed for all of its structural weaknesses.

The euro is managed with a common monetary policy. But a fractured fiscal and political structure has left it without a full toolbox to fight hard times. And this chink in the armor is threatening to make the euro's life-span short.

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Currencies

Saturday, February 21, 2009

European Monetary System at Breaking Point / Currencies / Euro

By: Money_and_Markets

Best Financial Markets Analysis ArticleWhen others were fawning over the European Union and its committee creation of the euro, Milton Friedman made this prescient and brilliant comment: “It seems to me that Europe, especially with the addition of more countries, is becoming ever-more susceptible to any asymmetric shock. Sooner or later, when the global economy hits a real bump, Europe's internal contradictions will tear it apart.”

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Currencies

Tuesday, February 17, 2009

Euro Currency Fractures as European Bond Markets Diverge on Default Risks / Currencies / Euro

By: Gary_Dorsch

Diamond Rated - Best Financial Markets Analysis ArticleFor almost a decade, yields on bonds issued by different Euro-zone governments moved close together. By joining the Euro-bloc currency regime, every member state could suddenly reap the benefits of “free-riding” in the Euro-zone bond market, or borrowing at almost the same interest rates as Germany , irrespective of whether the country's economic fundamentals justified the lower rate.

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Currencies

Tuesday, February 03, 2009

Euro Impact of a Euro-zone Country Defaulting on its Debt / Currencies / Euro

By: Victoria_Marklew

Best Financial Markets Analysis ArticleThis question has been triggered by the fact that the price of insurance against debt default by Euro-zone members Ireland, Greece, Italy, Spain, and even Belgium, has jumped in recent weeks; that yield spreads against German bunds have ballooned; and that the sovereign debt ratings of Greece, Portugal, and Spain have recently been downgraded. These developments do not reflect an increased risk of default by any Euro-zone member, but rather show that investors have finally woken up to the fact that not all Euro-zone sovereigns are equal. The global credit crunch has led to an overdue market re-evaluation of the Euro-zone members.

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Currencies

Tuesday, February 03, 2009

Euro Doomed to Fail as Governments Pull in Opposite Directions / Currencies / Euro

By: John_Mauldin

Diamond Rated - Best Financial Markets Analysis ArticleMilton Friedman famously predicted that the euro would not last past their first economic crisis. This week we look at commentary by Niels Jensen that explores the news from Euroland. Can the euro survive? He explores a number of options which are most definitely not on the radar screen for most investors. It is good to get a perspective from those outside of our own back yard. Note that when he says "our country" he is referring to Great Britain.

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Currencies

Saturday, December 13, 2008

Euro Set to Fall Against the U.S. Dollar / Currencies / Euro

By: Money_and_Markets

Best Financial Markets Analysis ArticleJack Crooks writes: There's been a strong move against the U.S. dollar this week. But am I envious of the euro right now? Definitely not.

Technically the dollar is extremely overbought. So I expect a decent, near-term correction upward in the euro. However, according to my analysis, the euro is set to weaken substantially against the U.S. dollar over the next several months.

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Currencies

Monday, October 06, 2008

Credit Crisis Actions Risk Collapse of European Monetary Union / Currencies / Euro

By: John_Mauldin

Diamond Rated - Best Financial Markets Analysis ArticleMany of us in the US are focused on our own woes. But this is a global credit crisis. In today's Outside the Box, we take a look at the currency markets, which are in an historic upheaval and also look at what is going on in Europe. I suspect that Europe is in for a period of much distress, as the world begins to deleverage That is why one government after another will back the deposits of banks within their countries, for otherwise capital will flee to countries like Ireland and Germany which ARE guaranteeing the deposits for all banks in their borders. . Many European banks are leveraged 50 to 1 (not a misprint). I suspect that more government will do like Belgium and the Netherlands and inject capital directly into their local banks deemed too big to fail.

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Currencies

Tuesday, July 22, 2008

Will the Euro Escape the Maladies Inflicting the U.S.Dollar ? / Currencies / Euro

By: Julian_DW_Phillips

Best Financial Markets Analysis ArticleLast week all was well, as no less a person as Paulson, the Treasury Secretary reassured us all that Fannie Mae and Freddie Mac were sufficiently capitalized. Last weekend a plan was put into effect to ensure their survival. The second largest bank failure ever in the States Indy Bank went bust. Many believe that we will see up to 150 U.S. banks go down in this worsening credit crunch.

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Currencies

Friday, June 20, 2008

EUR USD: Pattern for Profits / Currencies / Euro

By: Black_Swan

Best Financial Markets Analysis ArticleLots of times trading will reward you if you find patterns in historical price data and bet on it occurring again. It’s kind of like the whole “History repeats itself!” motto. Of course, history doesn’t keep on repeating itself, especially in financial markets. But there is another motto to remember: “The trend is your friend!”

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Currencies

Saturday, May 31, 2008

Debt and Demographics to Drive Euro Back to Parity Against the US Dollar / Currencies / Euro

By: John_Mauldin

  • Best Financial Markets Analysis Article The Problem with the Euro
  • Swapping out Commodities
  • The Euro at Par with the Dollar

Last week I wrote that we could see a drop in the price of oil as speculators seemed to be storing oil in very large tankers and "slow steaming" them to port in a bet that prices would rise. When everyone is on the same side of the trade, the time is right for a reversal. This is especially true when there is a large potential supply sitting on the sidelines.

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Currencies

Tuesday, May 27, 2008

The Euro's Relentless Climb into Uncharted Territory / Currencies / Euro

By: Black_Swan

Best Financial Markets Analysis ArticlePinpointing support and resistance levels in price charts usually isn’t too difficult. It simply involves finding previous points where prices bottomed out or topped out. But the task becomes a bit more difficult when there are no historical prices to target.

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Currencies

Monday, February 11, 2008

US Dollar Strengthening as the EURO's Technical Picture is Deteriorating! / Currencies / Euro

By: Money_and_Markets

Best Financial Markets Analysis ArticleJack Crooks writes: "The trend is your friend." I'm sure you've heard this market adage a thousand times before. And the wisdom behind that saying has, more often than not, proven absolutely correct. It's a lot easier to profit when you have the wind behind your sails.

When it comes to currencies, the trend has been "dollar down, euro up." For about the last five years, in fact, traders have been getting out of greenbacks and going international.

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Currencies

Sunday, February 03, 2008

Gold to Soar in EURO's, as ECB Set to Track US Dollar Lower to Avoid Recession / Currencies / Euro

By: Julian_DW_Phillips

Best Financial Markets Analysis ArticleAll markets, in their search for a reliable formula that satisfies the scientific and mathematical belief that market relationships are precisely measurable in something else, believe that gold is responding in an opposite way to the $. The corollary to that is, therefore it must be moving in synch with the €? In fact, in the € it has been rising. It is important to look a little more closely at this formula and the realities behind it.

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Currencies

Wednesday, May 16, 2007

Euro Currency Toast and The Race to Debase, Part II / Currencies / Euro

By: Adrian_Ash

"...The €500 note is more bling than a gold-plated Uzi. No wonder it's become so popular with gangsters in Moscow ..."

FOREIGN AFFAIRS magazine just called for the "end of national currency". Maybe it matters.

After all, " Foreign Affairs is the most important and influential journal of international relations in the world," as Cryptogon.com points out.

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Currencies

Thursday, May 10, 2007

Euro Currency toast & the race to debase, Part I / Currencies / Euro

By: Adrian_Ash

"...If you think the Dollar looks weak on the charts, wait 'til you see what's wrong with the Euro..."

SERIOUS ECONOMISTS never much liked the Euro. Then again, serious economists never much bothered to make money from trading. John Maynard Keynes just goes to prove it.

World-famous scourge of both gold and "the long run", Keynes averaged nearly 13% per year trading the funds of Kings College , Cambridge , during the Depression. London 's stock market, meantime, ticked lower by half-a-per cent per annum.

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Currencies

Thursday, April 12, 2007

Euro to Rally on Further ECB Interest Rate hikes and Yen Carry Trade / Currencies / Euro

By: Jim_Willie_CB

Hardly a dull moment in the currency market these days. Much attention centers upon central bank actions. The Bank of Japan held steady, as world speculators thank heavens. The Euro Central Bank held steady, as the US bankers thank heavens. But the ECB aint done hiking. The Bank of England held steady, just like the ECB, but earlier. The Reserve Bank of Australia held steady, from Down Undah. The Bank of Canada held steady, but now markets think they could hike soon. We live in a bond driven world, totally divorced from economic fundamentals, trade deficits, mismanaged economies, and bankrupt policies.

Some brief points are provided on currency matters, each detailed more fully in the April Hat Trick Letter due out over next weekend, the US income tax deadline. They all are pertinent to gold. From the other side of the chasm is the housing & mortgage crisis, another impetus for gold. Let it be known we have a 3-SIGMA event on our hands, a credit derivative early stage in the meltdown.

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