Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, October 10, 2014
Bitcoin Price Bumpy Ride / Currencies / Bitcoin
By: Mike_McAra
The U.S. Commodity Futures Trading Commission (CFTC) is playing-catch up with Bitcoin. The CFTC held a meeting in Washington yesterday, to learn more about the cryptocurrency, we read on CoinDesk:
Panelists for the CFTC event included Coin Center executive director Jerry Brito; New York Law School professor Houman Shadab; BitPay chief compliance officer Tim Byun; and TeraExchange president and co-founder Leonard Nuara.
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Friday, October 10, 2014
US Dollar Super Overbought / Currencies / US Dollar
By: Zeal_LLC
The US dollar has relentlessly blasted higher in recent months, achieving its longest consecutive-week rally in history. Speculators have flooded into the world’s reserve currency for a variety of reasons, ranging from Federal Reserve rate-hike hopes to festering Eurozone worries. But the resulting massive dollar surge has left it super-overbought while breeding universal bullishness, the precursors to a sharp selloff.
While only a small fraction of traders speculate in currencies, the foreign-exchange market is the largest in the world by far. Trillions of dollars change hands in currency trades every day, dwarfing all the other markets! And currency prices, particularly the fortunes of the dominant US dollar, can greatly affect everything else in the financial-market and economic realms. No one can afford to ignore the US dollar.
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Tuesday, October 07, 2014
Bitcoin Price Short-term Bottom Not Far Away? / Currencies / Bitcoin
By: Mike_McAra
In not too many words: no speculative positions.
"Buy when there's blood in the streets," or so the saying goes. And we're starting to catch first whiffs of "blood," if not streaks of it in the media coverage. There's been a marked increase in articles that focus on "Bitcoin going under $300" or ones exploring the idea that it might be all over for the currency. We read on Quartz:
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Tuesday, October 07, 2014
Bitcoin Price Swoon Illustrates Volatile, Illiquid Nature of Trading Market / Currencies / Bitcoin
By: Submissions
Steven Lord writes: The recent drop in the price of bitcoin has remindedkeepcalm many industry participants, particularly those that arrived within the last year, of the inherent volatility associated with new, immature and illiquid markets. While a clutch of bitcoin skeptics, including such luminaries as economist Paul Krugman, have touted bitcoin’s drop from the $600 range on August 1st to intra-day lows near $280 on October 6th as proof of some sort of inherent flaw, the truth is that such volatility is neither new for bitcoin nor terribly germane to its continued adoption.
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Tuesday, October 07, 2014
US Dollar is Extreme / Currencies / US Dollar
By: Gary_Tanashian
Using Tom McCellan’s article discussing a “blow off” move in the US dollar and its very bearish net short position by commercial traders as a starting point, I would like to talk about the USD and gold and how they each fit in to the global macro backdrop. We could add silver into the mix as well because its failure in relation to gold (ref. the gold-silver ratio’s breakout last week) is the other horseman (joining Uncle Buck) that would indicate a changing macro. Here’s the McClellan piece:
Monday, October 06, 2014
U.S. Dollar's Ride is About to End / Currencies / US Dollar
By: Michael_Pento
Under the stewardship of Shinzo Abe, the nation of Japan has become a global leader in debt, currency devaluation and inflation. Unfortunately for the Japanese, Abenomics is also leading Japan into a hyperinflationary depression, as the first of his three arrows has shot right through the yen and put a gaping hole in the wallets of every Japanese citizen.
Monday, October 06, 2014
GBP Still Trading Under Pressure: Can This Continue? / Currencies / Forex Trading
By: Richard_Cox
Dollar strength continues to dominate, so if there is any way to characterize the overall behavior in forex markets for the final portion of the summer, it would be done using the pronounced bullish moves that have been see against the Euro and Pound. Most of this positive activity in the greenback has been supported by risk aversion and geopolitical tensions (which were present in several major economic regions around the world). This sent the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) to new highs, and this strength came at the expense of both the Euro and British Pound (GBP), which are both trading at some of their lowest levels of the year.
Monday, October 06, 2014
GBPUSD and EURAUD Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
No change on GBPUSD; the pair is still showing a very interesting and clear bearish pattern that is pointing lower, into wave v) of (iii). On the upside price meets resistance at 1.6000 and 1.6030/50.
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Monday, October 06, 2014
Cerulean Dollars - Go Deep or Go Home / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
“We have deep depth.”-Yoga BerraThe dollar institution is much larger than the Fed, the Treasury or the entire basket of FOREX that derives relative values of backless currencies.
Market action makes market commentary. Few question price discovery -- instead they spend precious time trying to make the fundamentals fit the price. A backwards endeavour. We need to go deeper.
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Monday, October 06, 2014
Bitcoin Ebola GFC ISIS: Phase Two is Begun / Currencies / Bitcoin
By: Mark_Blair
The cryptographic-currency phenomenon is characterised by a binary that is little mentioned beyond the crypto-sphere. The binary is 'libertarian-commercial.'Thesis:
if, as seems increasingly likely, the world economy becomes significantly destabilised, the balance between libertarian and commercial crypto-use will shift significantly towards the libertarian.
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Monday, October 06, 2014
The Soaring U.S. Dollar Debate: Good, Bad, Ugly / Currencies / US Dollar
By: John_Rubino
The dollar is on a tear. And the world is scrambling to figure out what it means.
Friday, October 03, 2014
The Velocity of Money Myth… / Currencies / Money Supply
By: Alasdair_Macleod
If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity of circulation of money. Compare the following statements:
“The collapse in velocity is testament to the substantial misallocation of capital brought about by the easy money regimes of the past 20 years.” Broker’s research note issued September 2014; and
Wednesday, October 01, 2014
It’s Déjà Vu All Over Again as the Russian Ruble Crashes / Currencies / Russia
By: Money_Morning
Dr. Kent Moors writes: Battered by sanctions, the Russian ruble has fallen to historic lows against the U.S. dollar.
The last time the ruble slid this far was in the late 1990′s when I was still writing for an inside market publication called Russia Crisis Watch during theRussian financial crisis.
Three times a week Crisis would document the “real” condition of the Russian economy, while providing market intelligence from a network inside and outside the country.
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Tuesday, September 30, 2014
US Dollar Cycle Analysis / Currencies / US Dollar
By: Ed_Carlson
It seems nothing can stop the US Dollar. Since its low in April it has closed higher in four out of five months and is up almost 8.00% since then. While a run like that is in need of a rest there are some big issues that need to be considered now.
DXY broke out of a six-year triangle this month. Breaking to the upside from a triangle is bullish. That triangle is essentially a six-year base and should give DXY some serious "legs" for the future.
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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Saturday, September 27, 2014
Bitcoin's Present Low Price? It's The Mining Thing / Currencies / Bitcoin
By: Mark_Blair
Forgive any repitition, readers. The situation has become much clearer.Brief background:
The China Thing ended on April 10 ($380). Bitcoin lifted by about 65% over the following weeks. Then it dropped a little. Then more. Then, a fortnight ago, it slipped back to $380, and has been puddling about at just over $400.
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Thursday, September 25, 2014
Potential Bounce in the Japanese Yen / Currencies / Japanese Yen
By: DailyWealth
Brett Eversole writes: When the Prime Minister of Japan says he's going to debase the yen, it's hard to be on the opposite side of the trade...
Governments aren't good at a lot of things. But they are good at creating inflation and pummeling their currencies. And that's exactly what we're seeing in Japan today.
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Tuesday, September 23, 2014
A Post-Petrodollar Play for Triple-Digit Gains / Currencies / Fiat Currency
By: Money_Morning
Peter Krauth writes: It's now clear as day that both Russia and China are making concerted efforts to move off the petrodollar system.
I've previously written about this petrodollar phenomenon as a developing trend.....
Well now it's no longer developing, it's in active mode.
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Tuesday, September 23, 2014
Destroying the U.S. Dollar a Penny at a Time / Currencies / US Dollar
By: Peter_Schiff
Mike Finger writes: A recent article on the Wall Street Journal's blog draws attention to the high cost of producing a single penny - 1.6 cents each, to be exact. They blame this unsustainable price on the high cost of zinc, which makes up 97.5% of every American penny. The online publication Quartz ran with this story, giving it a new headline: "It costs 1.6 cents to make one penny because of the rising price of zinc". Time for a short economics lesson.
Monday, September 22, 2014
U.S. Dollar: The Last Hurrah? / Currencies / US Dollar
By: Ned_W_Schmidt
End of empire is a difficult time for two groups, investors and patriots. A hundred years ago the U.S. took the economic baton from England to become the most important economy in the world. No doubt some loyalists refused to recognize the shift that was taking place. From then on the world began to denominate economic activity in U.S. dollars. Holding British pounds might have been the loyal thing to do, but it was not a wise investment decision. Today, a similar situation exists for the dollar. Dollar-based investors may now be facing the "last hurrah" for the dollar, and should not ignore that possibility.