Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Monday, June 01, 2015
EURUSD Technical Outlook / Currencies / Euro
Let's take a bottom up approach to the analysis beginning with the daily chart.
Read full article... Read full article...
Friday, May 29, 2015
Two of the World's Best Investors Want You to Own This Currency / Currencies / Gold and Silver 2015
By Brian Hunt and Ben Morris: They're not all household names like Warren Buffett...
But they're superstars in the money-management business... And you can learn a lot by looking at how they're investing.
One of the main goals in our DailyWealth Trader service is to pass along insights, strategies, and actionable ideas from top money managers. These elite investors have decades of experience, high-level contacts, huge research budgets, and long track records of success.
Friday, May 29, 2015
Tense Days for Bitcoin / Currencies / Bitcoin
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
Barry Silbert, a Bitcoin investor, might think that companies in the like of Western Union and MoneyGram will be devastated by Bitcoin, we read on the Entrepreneur website:
Read full article... Read full article...The near-demise of Kodak is a famous parable in business circles, illustrating the need for deeply-entrenched organizations to adapt in the face of evolving technology.
Thursday, May 28, 2015
This New Currency Could Wipe Out the Euro / Currencies / Euro
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).
Read full article... Read full article...
Thursday, May 28, 2015
Euro Sclerosis / Currencies / Euro
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.
Read full article... Read full article...
Tuesday, May 26, 2015
USD Seems Quite Strong Against GBP and JPY / Currencies / US Dollar
Cable is not so aggressively down at the start of this week, but still bearish with no overlaps. We see an impulse in progress towards lower levels, within an extended blue wave (iii).
GBPUSD 1h Elliott Wave Analysis
Read full article... Read full article...
Tuesday, May 26, 2015
Should We Dump the Euro? / Currencies / Euro
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.
Read full article... Read full article...
Saturday, May 23, 2015
Bitcoin Price Short Trade / Currencies / Bitcoin
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
Bitfinex, one of the leading Bitcoin exchanges, may have been compromised. On the exchange's website, we read:
Read full article... Read full article...Urgent action required
Monday, May 18, 2015
Payments, Currencies, and Broken Money / Currencies / Fiat Currency
“If you want a vision of the future, imagine a boot stamping on a human face – forever.”- George Orwell
As an advocate for sound money, I am forever tormented by the egregious and overt growth of asset confiscation. The indirect tax from monetary inflation, bank bail outs and coming bail-ins, moral hazard, two tiers of justice accompanied by the gradual conditioning of the masses toward acceptance and true self denial.
Read full article... Read full article...
Monday, May 18, 2015
The Money Illusion: What This Picasso Tells Us About the Dollar / Currencies / US Dollar
MoneyMorning.com Michael E. Lewitt writes: With the purchase of Picasso's Les Femmes d'Alger dans leur appartement (Version O) for $179 million, the world was served up another piece of evidence that money has lost all value.
Some will argue that such a price is justified for such a one-of-a-kind object, but what is really going on is not that the value of art is increasing but that the value of the paper currencies being used to buy it is being destroyed by central banks who print trillions of dollars of money around the clock.
Read full article... Read full article...
Saturday, May 16, 2015
Bitcoin Price to Slump? / Currencies / Bitcoin
In short: no speculative positions.
A new fund is being launched in the Bitcoin space, we read on CoinDesk:
A new fund has been launched on equity CrowdFunding platform BnkToTheFuture.com that allows investors to benefit from the growth of the Crypto Currency sector.
Read full article... Read full article...The new fund, called Bitcoin Capital will be managed by financial journalist, virtual currency inventor, entrepreneur and investor Max Keiser, and Simon Dixon, an ex-investment banker, investor, entrepreneur and co-founder of Bnk To The Future.
Friday, May 15, 2015
EUR/USD 1.15 Remains Key Level / Currencies / Euro
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.
Read full article... Read full article...
Thursday, May 14, 2015
British Pound Set To Overcome 1.40 Against Euro / Currencies / British Pound
For most of this year, the Pound has had mixed results depending on your frame of reference. For example, against the US Dollar the Pound is hitting new lows as expectations for rising interest rates from the US Federal Reserve have supported the greenback. For these reasons, it is largely unsurprising to see that the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) is rallying as there have not been many stronger currencies during most periods of this year.
Read full article... Read full article...
Wednesday, May 13, 2015
EUR/USD Meets Resistance Zone As Greece Meets IMF Loan Repayment Deadline / Currencies / Forex Trading
Earlier today, Greece repaid a €770 million loan installment to the International Monetary Fund, easing worries that the country was on the verge of default, which in combination with a renewed selloff in European government bond pushed EUR/USD sharply higher. In this way, the exchange rate reached its important resistance zone, but will we see further improvement?
In our opinion, the following forex trading positions are justified - summary:
Read full article... Read full article...
Wednesday, May 13, 2015
Bitcoin Price Short-term Outlook Soon to be Clarified / Currencies / Bitcoin
In short: no speculative positions.
The technology underlying Bitcoin might prove to be what is needed to change the face of payments, record keeping and the way stock market is functioning, we read on Wired:
Read full article... Read full article...James Angel compares bitcoin to MySpace, the social network that paved the way for far more influential services like Facebook and Twitter.
Today's bitcoin digital currency, says Angel, a professor of finance at Georgetown University, is too flawed to replace existing currencies. But the basic ideas underpinning the technology, he believes, can significantly change how the financial world operates. This is already starting to happen.
Monday, May 11, 2015
Debt Scenarios Still Weighing on Euro / Currencies / Euro
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.
Read full article... Read full article...
Friday, May 08, 2015
Is Bitcoin Price in Bullish Territory? / Currencies / Bitcoin
In short: no speculative positions.
The first Bitcoin has become the first U.S. entity to be regulated by banking laws, we read on CNBC:
A New York City-based bitcoin exchange itBit has become the first to receive a charter under New York banking laws. (…)
ItBit is a commercial exchange that trades the virtual currency. Thursday's announcement makes it the first company to receive a charter from the New York State Department of Financial Services (NYDFS).
Read full article... Read full article...
Friday, May 08, 2015
U.S. Dollar Danger Zone / Currencies / US Dollar
The US dollar has been the world’s reserve currency since Bretton Woods – about 70 years. The power and importance of Middle-East oil and the US economy and military have supported the dollar for about 40 years. Quick story:
- The world buys oil in dollars. (Thank you Saudi Arabia and Kissinger.)
- Therefore the world must purchase (support) dollars to obtain oil.
- The US supports the oil producing nations with military might.
- The oil producing nations collect dollars in exchange for oil and recycle those petrodollars back into US T-bonds and equities thereby supporting the dollar and the US stock and bond markets.
Friday, May 08, 2015
EURAUD Technical Outlook / Currencies / Euro
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.Read full article... Read full article...
Wednesday, May 06, 2015
What's Next for The U.S. Dollar and Currencies? / Currencies / US Dollar
In anticipation of higher U.S. rates and lower rates elsewhere, the greenback had enjoyed a dramatic rally. Has the tide turned, or is the dollar merely taking a breather? We believe there are threats and opportunities hidden underneath recent market action. Below is a closer look in an effort to allow investors to better understand the dynamics that might be unfolding.
Read full article... Read full article...