Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
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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Tuesday, September 01, 2015
What Is The Future For The U.S. Dollar? / Currencies / US Dollar
By: Rodney_Johnson
China, the biggest foreign creditor of the United States, owns a truckload of our government bonds. Over the past several weeks, it’s been selling some of those bonds to prop up their currency, the yuan. This is supposed to signal the end of the dollar. As the Chinese put our bonds out for the bid, interest rates are going to shoot higher, driving down the value of the greenback and making imports unaffordable. At least, that’s what dollar haters have expected for years.Read full article... Read full article...
Tuesday, September 01, 2015
Chinese Yuan Revolution? / Currencies / China Currency Yuan
By: Axel_Merk
Once you think of China as a teenager in her "awkward stage," it may become easier to understand the unfolding dynamics. When it comes to foreign exchange, China's latest move may be best explained by her desire to play with the grown-ups. This may have implications that go far beyond the U.S. dollar and China’s Yuan ("CNY" or also the Renminbi or "RMB").
Monday, August 31, 2015
The Most Important Market Chart on The Planet / Currencies / US Dollar
By: Rambus_Chartology
Sorry goldbugs, it is not the gold chart. There are a lot of opinions out there on the US Dollar. Many of them are bearish in the short medium and long term time frames.
So lets see what the Charts are whispering.
With all the volatility this week in markets around the world the US dollar made an interesting move. The long term daily chart below shows the five point rectangle, at the bottom left hand side of the chart, that launched the big breakout and impulse move higher in May of 2014. If you look at reversal point #5 with a question mark on it you'll see the comment I made at the time which I noted, this could be a false breakout to the downside and we might see a big move in the opposite direction, which was up. Keep in mind the chart was much bigger back then and the false breakout also looked much bigger. As you can see that indeed was a false breakout to the downside which led to the impulse move up we found ourselves in until the US dollar topped out earlier this year and has been building out the next consolidation pattern.
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Friday, August 28, 2015
China's Yuan Devaluation: Why It Was "Expected" / Currencies / China Currency Yuan
By: EWI
Why the yuan devaluation was not a "surprise" -- and what Elliott waves suggest for China's currency next
China's economy is slowing. Its stock market began to crash back in July. And, the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.
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Friday, August 28, 2015
Is this it for U.S. Dollar Bulls? / Currencies / US Dollar
By: Ashraf_Laidi
US dollar bulls couldn't have asked for a better scenario -- Just as the USD index (basket of 6 currencies largely weighed vs EUR) was about to test a 3-month trendline support, the currency recovers. And just as EURUSD had broken above its 200-DMA for the first time in 13 months and above its 55-WMA for the first time in 12 months in a matter of 4 days, the single currency crashes back below these key levels later in the same week. But CAD, AUD, NZD and NOK have all outperformed USD thanks to a broad bounce in energy.
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Thursday, August 27, 2015
How to Profit from China's Currency War / Currencies / Currency War
By: ...
MoneyMorning.com Peter Krauth writes: The People’s Bank of China uses its massive reserves to buy or sell the yuan to maintain a desired exchange rate. It’s been pegged to the U.S. dollar in some way for decades.
So, a strong dollar has often meant a strong yuan.
That hurts Chinese exports, and it’s been a sticking point in China’s ongoing negotiations to secure the yuan’s “reserve currency status” at the International Monetary Fund (IMF).
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Thursday, August 27, 2015
How China's Currency Policies Will Change the World / Currencies / China Currency Yuan
By: STRATFOR
The recent fluctuations in China's currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated as they were by vast distances and difficult terrain. It would, for instance, take months or even years for news of China to reach Europe across the great Silk Road trading route during the height of its use some 1,000 years ago. Even then, the communities along that route could hardly be considered entirely coherent.
Tuesday, August 25, 2015
Liftoff Setback Leads to U.S. Dollar Pullback / Currencies / US Dollar
By: AnyOption
The US dollar has experienced a tremendous rally over the last year as the end of quantitative easing and prospect of interest rate normalization led to upside momentum in the currency. Expectations were largely set for a September rate hike with many FOMC voting members forecasting two rate increases before the end of 2015. However, with recent inflation data and the growing emerging market turmoil, the Federal Reserve might be forced to hold off with its most well intentioned plans, sapping downside strength and building the case for a deeper technical pullback in the US dollar index.Read full article... Read full article...
Wednesday, August 19, 2015
Asia's Whirling Dervish of Devaluations Has Encircled China's Exports / Currencies / Currency War
By: Keith_Hilden
Much digital ink has been spilled to the catalyst of China's sudden thrice devaluation of the CNY, a move trumpeted to be a unilateral action by China. It makes for good headlines, but this simply is not the case: China has been responding to stealthy and not-so-stealthy devaluation of its Asian neighbors, and is responding to these actions to maintain competitiveness of its exports. Hence a whirling dervish of devaluations has started in unlikely small countries such as Malaysia and Thailand, as well as larger economies like Japan, and China has only recently taken its place in the spiraling revelry that is set to ensue. And this has effectively economically encircled China's exports-- and the balance sheets of Chinese companies show it.
Wednesday, August 19, 2015
Who Wins in a Currency Devaluation War? / Currencies / China Currency Yuan
By: BATR
The paradox in the question of who wins in a currency war presupposes that any participating combatant can actually claim victory. If winning means ending up with the most cash, when the value of the money as a store of tangible wealth is debased, it is doubtful anyone can be declared the victor. The absurdity of lowering the purchasing power of a countries currency to enable exports to be more competitive is economic sacrilege that the heretical “Free Trade” mythos is based upon. Without a reliable standard of objective comparison, floating currencies maneuver their exchange rates to disguise internal imbalances in their own political and economic expenditures.
Tuesday, August 18, 2015
UK CPI and GBPUSD vs TWI Divergence / Currencies / British Pound
By: Ashraf_Laidi
Sterling hit fresh 2-month highs as UK inflation improved in July, with headline CPI edging up to 0.1% y/y from June's 0.0%, and beating the Bank of England's 0.0%. The notable increase was in core CPI, which rose to a 5-month high of 1.2% vs expectations of 0.9% and a June reading of 0.8%.
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Monday, August 17, 2015
USDJPY At Critical Juncture / Currencies / Japanese Yen
By: Austin_Galt
Previously, I thought the high for the USDJPY was in place and a correction was now underway. It still may be. Price is now at a critical juncture and the potential exists for one last marginal false break high. Let's examine the situation using the weekly chart.
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Sunday, August 16, 2015
The World's Most Hated Major Currency Hits an 11-Year Low / Currencies / Canadian $
By: DailyWealth
Dr. Steve Sjuggerud writes: Crashing oil prices, crashing commodity prices, and a super-strong U.S. dollar – these three have been the trifecta of pain for the Canadian dollar in recent years.
All three of these together have pushed the Canadian dollar to an 11-year low.
In today's essay, I'll show you why the Canadian dollar could bottom out soon and start a solid rally...
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Saturday, August 15, 2015
The China Dollar Shot Not Heard Around the World / Currencies / US Dollar
By: Peter_Schiff
China's recent move to devalue the yuan has sent shock waves through the global financial markets and has convinced most observers that a new front in the global currency wars has begun. The move has caused many observes to envision a new round of competitive devaluations around the globe in which the race to the bottom will intensify. In this scenario they envision that the U.S. dollar will solidify its standing as the only strong currency. This misses the point entirely.
Thursday, August 13, 2015
The Fiat Yuan / Currencies / China Currency Yuan
By: Michael_J_Kosares
Seth Lipsky/The New York Sun/8-11-2015
“If the Communist Chinese devalue the yuan against a dollar that is appreciating against gold, has the yuan gone up or down? We ask because the leading story on the New York Times Web site this morning reports not only that the Chicom authorities ‘sharply devalued’ the renminbi but also that the move ‘could raise geopolitical tensions and weigh on growth elsewhere.’ We ran the Times’ entire text through the Sun’s old hand-crank Von Mises brand language-specie prose separator. It failed to find any mention of — or even allusion to — gold.”
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Thursday, August 13, 2015
U.S. Dollar/Chinese Yuan (USD/CNY) Surges Following China’s Devaluation / Currencies / China Currency Yuan
By: MarketsToday
Following China’s devaluation on Tuesday of the yuan, the U.S. dollar/Chinese yuan currency pair (USD/CNY) has surged, reaching as high as 6.4485 so far today (Wednesday). It has now reached the most overbought level on a weekly basis since 2001 (based on weekly 14-period Relative Strength Index (RSI) momentum indicator), and is extremely overbought based on the daily chart, getting close to the maximum reading of 100.
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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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Monday, August 03, 2015
Five Currencies' Positioning in One Chart / Currencies / Fiat Currency
By: Ashraf_Laidi
Combining the net speculative futures positions of all 5 major currencies against the USD, we find CHF positioning to remain the only net long against USD, ever since the SNB decision end its EURCHF peg in January. GBP positioning is the only currency to show steady improvement against USD. Currency-by-currency analysis below.
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Tuesday, July 28, 2015
China Major Devaluation Coming / Currencies / China Currency Yuan
By: John_Rubino
The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s biggest infrastructure program.