Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, May 05, 2015
Bitcoin Stage for Price Declines Is Being Set / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
We’ve repeatedly written that Bitcoin needs two things to hit off with a wider audience: security and ease of use. Case, a Bitcoin startup, is aiming to bring both of them, we read on TechCrunch:
You shouldn’t trust anyone with your bitcoins, and Case is well aware of that. Over the past few years, Mt.Gox, Bitstamp and countless other centralized services have suffered serious security breaches. But Case is about to put an end to all this, as this startup has built one of the most secure hardware bitcoin wallets in the world. The startup is launching onstage today at Disrupt NY.
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Tuesday, May 05, 2015
Japanese Yen and U.S. Dollar / Currencies / Japanese Yen
By: EWI
A different way to look at familiar forex markets
Elliott Wave International's Alexandra Lienhard recently sat down with the editor of our Currency Pro Service, Jim Martens.
Learn what Jim sees next for such popular forex markets as Japanese yen (USDJPY) as well as the U.S. dollar.
Tuesday, April 28, 2015
Bitcoin Price Counterintuitive Signs / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Overstock, a U.S. online retailer already accepting Bitcoin, is now making a move to issue stock based on a ledger system, we read on the Wired website:
Read full article... Read full article...On Friday, the Salt Lake City-based online retailer filed a prospectus with the Securities and Exchange Commission that indicates it may issue up to $500 million in stock or other securities using technology akin to the online software system that underpins bitcoin. "We may decide to offer securities as digital securities...the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies," the filing reads.
Saturday, April 25, 2015
Bitcoin Price Provides Traders with Hints / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Customers of Starbucks in Hong Kong are now able to pay for their coffee with Bitcoin, we read on newsBTC:
Read full article... Read full article...Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U.S. startup that is affiliated with the Bitcoin Association of Hong Kong.
Friday, April 24, 2015
What Will Happen to You When the U.S. Dollar Collapses? / Currencies / US Dollar
By: Casey_Research
Jeff Thomas writes: Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it.
The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. No government has ever been able to control hyperinflation. If it occurs, it does so quickly and always ends with a crash.
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Friday, April 24, 2015
Why 2 of U.S. Dollar's Recent Bottoms Have 1 Thing In Common / Currencies / US Dollar
By: EWI
In 2009 and 2014, a simple chart pattern enabled us to turn bullish the dollar, just in time for HUGE rallies. Learn to use this pattern now.
Imagine you're on an airplane, mid-air, when the intercom from the cockpit accidentally turns on. You and the entire cabin crew overhear the pilot say this to his copilot:
"I know we're heading northeast at 430 mph. But... I have no idea when or where I'm supposed to land."
That's when you cough up your bag of peanuts!
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Tuesday, April 21, 2015
Bitcoin Recent Low Price Volatility Might Be Deceptive / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
We frequently comment on new initiatives in the startup scene, and today we also read and interesting press release on the Market Watch website:
BitGo, the leader in bitcoin security, today announced a partnership with online cryptocurrency data provider TradeBlock. The combination of TradeBlock’s execution and analysis tools and BitGo’s trustless multi-signature security products create a complete security and transaction solution for private and institutional Bitcoin traders.
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Friday, April 17, 2015
The Over-Valued U.S. Dollar / Currencies / US Dollar
By: GoldMoney
There are two connected reasons usually cited for the current dollar strength: the US economy is performing better than all the others, leading towards relatively higher US dollar interest rates, and that this is triggering a scramble for dollars by foreign corporations with uncovered USD liabilities. There is growing evidence that the first of these reasons is no longer true, in which case the pressure to buy dollars should lessen considerably.
Friday, April 17, 2015
Sound Money on the Drifting Sands of Belief / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
My kids just exited the stage where they still believe pretty much whatever I say. We had a decent track record for a while. It seems like just a moment ago when my son actually believed that I could fly. Belief can be constructive, powerful, and sometimes blinding. They arise from experience shaped by the stories we tell about them. Often the stories are told for us; and without contemplation we run with them.
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Thursday, April 16, 2015
Sharp Decline in USD/CAD and Its Consequences / Currencies / Forex Trading
By: Nadia_Simmons
Yesterday, the Bank of Canada left its monetary policy unchanged (the overnight cash rate at 0.75%), which in combination with a sharp increase in crude oil pushed the Canadian dollar higher against its U.S. counterpart. As a result, USD/CAD broke below important support levels, confirming a bearish formation. How low could the exchange rate go?
In our opinion, the following forex trading positions are justified - summary:
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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.
Saturday, April 11, 2015
Is Bitcoin Price Going down Some More? / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
Samsung is partnering with IBM to work on new potential applications for the technology underlying Bitcoin - the blockchain, we read on Bloomberg:
Samsung Electronics Co. is working with International Business Machines Corp. to use bitcoin technology for new applications.
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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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Tuesday, March 31, 2015
Bitcoin Price Down Move Still in the Cards / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
The development of Bitcoin shares traits with the development of the financial system as we know it. The problems which marred some Bitcoin exchanges seem similar to the ones which contributed to the introduction of deposit insurance. In a way, Bitcoin exemplifies both the troubles that the financial system encountered in the past but also the opportunities it offered. We actually saw an interesting piece on the Quartz website drawing parallels between the organization of stock trading and the Bitcoin system:
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Tuesday, March 31, 2015
US Dollar Forecast / Currencies / US Dollar
By: Ed_Carlson
With no break of the 34-dma and a cycle low due this week it is beginning to look like the bulk of the expected correction is behind us and DXY will soon begin what is expected to be the last leg of its rally prior to this September.
April looks bullish for the dollar with short-term cycles pointing to highs near both Apr. 15 and Apr. 30.
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Friday, March 27, 2015
Bitcoin Price Still in Important Territory / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
This week the U.S. Securities and Exchange Commission (SEC) adopted new rules regulating small companies' access to capital, we read on CoinDesk:
On Wednesday, the US Securities and Exchange Commission (SEC) adopted regulations permitting crowdfunding for business startups.
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Thursday, March 26, 2015
USD JPY Shorts Break Down / Currencies / Japanese Yen
By: Ashraf_Laidi
The charts below show net speculative shorts in JPY vs. USD have broken out of a 4-year channel (signifying a potential turn), while the chart on the right shows protracted yen weakness will inevitably restore the trade balance into surplus for the first time in 4 years.
Wednesday, March 25, 2015
US Dollar - Americas Phoenix / Currencies / US Dollar
By: John_Mauldin
“Just a little patience, yeah…” - Guns N’ Roses
Lastweek the FOMC essentially removed forward guidance and placed all options back on the table, and at the end of the day they’ve opened the door for further tightening. As Yellen recently explained in advance, the removal of the word patience from the Fed’s guidance amounts to fair warning to the rest of the world’s central banks: an interest rate hike is on the horizon. Govern your actions accordingly. (My personal guess, for those interested, is September, with the Fed proceeding exceedingly slowly and cautiously thereafter.)
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Tuesday, March 24, 2015
Bitcoin Price Gearing Up for a Fall / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
Nasdaq is going to provide a new Bitcoin exchange with technology allowing its future users to trade Bitcoin, we read on the Wall Street Journal website:
Read full article... Read full article...Nasdaq OMX Group Inc. has agreed to provide New York-based startup Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade bitcoin and related digital-currency assets.
Tuesday, March 24, 2015
Global Currencies Teeter as Bonds Offer “Return-Free Risk” / Currencies / Fiat Currency
By: MoneyMetals
Stefan Gleason writes: Never before has holding bonds denominated in national currencies been more risky and less rewarding. That may seem like a provocative statement, but it’s not hyperbole. It’s the reality investors around the world now face.
Sovereign debt issued by Western governments sport record-low yields – in some cases, negative yields! Earlier this year the yield on the U.S. 30-year Treasury dipped to an all-time low of 2.25%. Meanwhile, despite talk of rate hikes to come, the Federal Reserve continues to keep short-term rates near zero.
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