Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Saturday, November 08, 2014
When Deflation Comes Knocking at the Door / Currencies / Deflation
By: Alasdair_Macleod
There is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies. Understanding what this risk actually is, as opposed to what the talking heads say it is, will be central to financial survival, particularly for those with an interest in precious metals.
The economic establishment associates deflation, or falling prices, with lack of demand. From this it follows that if it is allowed to continue, deflation will lead to business failures and ultimately bank insolvencies due to contraction of bank credit. Therefore, the reasoning goes, demand and consumer confidence must be stimulated to ensure this doesn't happen.
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Friday, November 07, 2014
Bitcoin Price Volatility / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $377, take-profit at $307.
Mark Wetjen, a member of the Commodity Futures Trading Commission (CFTC), wrote an opinion piece for The Wall Street Journal in which he highlighted the potential of Bitcoin:
Read full article... Read full article...With a market capitalization of around $4.4 billion, Bitcoin represents a tiny fraction of the U.S. financial system. But as Jerry Brito, director of the think tank Coin Center, said at our public meeting, Bitcoin has the potential to provide tremendous benefits to the under-banked and un-banked, particularly in emerging markets where traditional financial services often are not available. Bitcoin is likely to be an especially powerful resource for people who rely on mobile-payment systems on their smartphones.
Thursday, November 06, 2014
Forex vs. Stocks: What's "better" to Trade? / Currencies / Forex Trading
By: EWI
As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI's currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks.
Wednesday, November 05, 2014
Ron Paul Says: Watch the Petrodollar / Currencies / US Dollar
By: Casey_Research
By Nick Giambruno, Senior Editor, InternationalMan.com
The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.—Ron Paul
Dr. Paul is referring to the petrodollar system, one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.
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Wednesday, November 05, 2014
AUD/USD - Double Bottom / Currencies / Austrailia
By: Nadia_Simmons
Earlier today, official data showed that retail sales in Australia increased by 1.2% in September, beating expectations for a 0.4% rise. As a result, AUD/USD bounced off a one-month low and came back above the short-term support. Will we see a post-double bottom rally?
In our opinion, the following forex trading positions are justified - summary:
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Tuesday, November 04, 2014
Bitcoin Price Move to $300 Might Be Closer Than It Appears / Currencies / Bitcoin
By: Mike_McAra
Briefly: speculative short positions, stop-loss at $377, take-profit at $307.
The British government is looking to have a discussion with the Bitcoin community on how to deal with the cryptocurrency, we read on the Guardian website:
Read full article... Read full article...The Treasury will be looking at examples of regulation in other countries, but emphasises that the lead will come from responses to its own call for information. "Digital currencies and digital currency exchanges are currently unregulated in the UK," said a Treasury spokesman.
Monday, November 03, 2014
Forex Markets Chart Analysis for USD, GBP, JPY, CDW, XAD... / Currencies / Forex Trading
By: Gary_Tanashian
In light of the news from the land of the rising sun and the sinking currency, let's reserve NFTRH 315's only real charting for a big picture monthly view of currencies, to which we usually give just a brief update, and then some misc. big picture monthly charts [not included in this excerpt] as we try to gain perspective on things that may seem illogical to our rational minds.
Friday, October 31, 2014
More Weakness in Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
To the point: speculative short positions, stop-loss at $377, take-profit at $307.
Jon Matonis, the executive director of the Bitcoin Foundation has resigned, we read on the NY Times website:
The Bitcoin Foundation announced on Thursday that Jon Matonis, one of the foundation's founding board members, was stepping down as its executive director, effective on Friday. Mr. Matonis will remain on the foundation's board until Dec. 31.
Read full article... Read full article...Mr. Matonis, who was named executive director in July 2013, will be succeeded by Patrick Murck, the foundation's general counsel.
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?
Friday, October 31, 2014
The End Of An Era: Is The US Petrodollar Under Threat? / Currencies / US Dollar
By: OilPrice_Com
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.
The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China's need to secure long-term energy supplies. However, a consequence of closer economic ties between Russia and China could also mean the beginning of the end of dominance for the U.S. dollar, and that could have a profound impact on energy markets.
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Wednesday, October 29, 2014
Bitcoin Price Narrow Range, Might Not Be for Long / Currencies / Bitcoin
By: Mike_McAra
To the point: no speculative positions.
Bitcoin companies are already working on various issues regarding regulatory compliance. Arthur Levitt, a former SEC chairman, is now advising two Bitcoin-related companies, we read on the Wall Street Journal Website:
Read full article... Read full article...Arthur Levitt, the longest-serving chairman of the Securities and Exchange Commission, is joining the advisory boards of two bitcoin-focused companies.
Saturday, October 25, 2014
Bitcoin Price Decline Stopped, Possibly Temporarily / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
CeX, a British second hand goods chain, is starting to accept Bitcoin, we read on CoinDesk:
Read full article... Read full article...Technology exchange and retailer CeX is set to become the first high street retailer in the United Kingdom to integrate bitcoin payments nationwide.
CeX will roll out bitcoin payments at 30 of its 266 UK stores beginning today. More stores will join the initial group in coming weeks as staff are trained, the firm told CoinDesk.
Wednesday, October 22, 2014
Bitcoin Stock Exchange Could Be "More Valuable than Alibaba" / Currencies / Bitcoin
By: Money_Morning
David Zeiler writes: When Overstock.com Inc. (Nasdaq: OSTK) Chief Executive Officer Patrick Byrne launched a wiki page to explore the possibility of a Bitcoin stock exchange, it was hard to imagine the project getting past the idea stage.
But Patrick Byrne is a man on a mission.
Driven by a deep mistrust of Wall Street, Byrne has announced the creation of a division within his company charged with making this dream a reality.
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Tuesday, October 21, 2014
Bitcoin Price Goes Up and Down / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Coinbase’s co-founder Brian Armstrong has highlighted the difficulties in convincing the banks to work with Bitcoin businesses in a conversation with the Telegraph, we read on the paper’s website:
Originally launched in the US, it [Coinbase] recently announced that it had secured banking and regulatory approval to launch in Europe, opening its services up to 18 new markets. But the UK was not among them.
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Tuesday, October 21, 2014
Goodbye War On Drugs, Hello Libertarian Utopia. Bitcoin The Future of Money? / Currencies / Bitcoin
By: John_Rubino
Now that bitcoin has subsided from speculative bubble to functioning currency (see the price chart below), it’s safe for non-speculators to explore the whole “cryptocurrency” thing. So…is bitcoin or one of its growing list of competitors a useful addition to the average person’s array of bank accounts and credit cards — or is it a replacement for most of those things? And how does one make this transition?
Saturday, October 18, 2014
Crude Oil Price Blues (Read: Dangers) for Some / Currencies / Crude Oil
By: Steve_H_Hanke
As the price of crude oil continues its downward tumble towards $80 per barrel, I am reminded of a similar scenario from near the end of the Cold War in the 1980s. When Saudi Arabia announced in 1985 that protecting oil prices was no longer its main priority, oil production surged and prices fell off a cliff, briefly plunging below $10 per barrel, as I had correctly predicted.
Lower prices delivered a fatal blow to the Soviet economy, which ended up seeing $20 billion per year in oil revenues evaporate. The resulting fiscal shortfalls proved to be a dagger in the heart of the U.S.S.R.
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Saturday, October 18, 2014
Bitcoin Price Fall to $350? / Currencies / Bitcoin
By: Mike_McAra
Briefly: no speculative positions.
Marc Andreessen, founder of Netscape and, currently, founder and partner at Andreessen Horowitz, a venture capital firm invested in Bitcoin startups, expressed his views on Bitcoin and Apple Pay, we read on CoinDesk:
Read full article... Read full article...Apple Pay is the next big thing that's "freaking out" financial services companies right now, but, in the long term, bitcoin will prove to be the real innovation, Marc Andreessen has said.
Wednesday, October 15, 2014
We Can Police the Dark Web / Bitcoin / Currencies / Bitcoin
By: Bloomberg
Ben Lawsky, Superintendent of the New York State Department of Financial Services, spoke with Bloomberg TV's Trish Regan today on the future of Bitcoin and virtual currencies on the internet and the ability of law enforcement to police their use as they become more anonymous.
When asked whether the dark web can really be policed, Lawsky said: "Yeah, I think so...I think prosecutors will eventually bring the hammer down if these sites are being abused and people are dealing in illicit drugs, just like they would do if it was happening in the real world, not the virtual world."
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Tuesday, October 14, 2014
U.S. Dollar Sea Change / Currencies / US Dollar
By: John_Mauldin
You don’t need a weatherman
To know which way the wind blows.
– Bob Dylan, “Subterranean Homesick Blues,” 1965
Full fathom five thy father lies.
Of his bones are coral made.
Those are pearls that were his eyes.
Nothing of him that doth fade,
But doth suffer a sea-change
Into something rich and strange.
– William Shakespeare, The Tempest
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Sunday, October 12, 2014
Mr Osborne’s Bew Pound Design Challenge / Currencies / British Pound
By: Submissions
Tom Naysburn writes: I was excited to read about Mr Osborne’s new design competition, so I decided to submit my suggestion. I am conservative by nature, I dislike waste and excess, and see untapped potential everywhere, but I don’t expect that to sway his decision.
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