Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, February 12, 2014
USD/JPY: Temporary Recovery / Currencies / Japanese Yen
By: Gregor_Horvat
USD/JPY found a support at the end of last week around 100.74 from where pair recovered for around 200 pips so we suspect that pair completed first five wave decline from 105.34 labeled as leading diagonal. As such, we believe that pair is in bearish mode, but before downtrend may resume we expect a three wave pullback, ideally up to 103.30/60 resistance area. We see pair now moving sideways in irregular wave (b) that may test 101.40/60 zone and then send price up in wave (c).
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Wednesday, February 12, 2014
U.S. Dollar Forex Trading Alert - Remains Mixed Against Major Currencies / Currencies / Forex Trading
By: Nadia_Simmons
The U.S. dollar remains mixed against major currencies after Federal Reserve Chair Janet Yellen signaled that recent soft economic data haven't swayed the central bank from a strategy of trimming its monthly bond purchases by $10 billion at each of its policy meetings this year. What impact did this event have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.
Wednesday, February 12, 2014
EUR/JPY: Yen Crosses Rallying Nicely / Currencies / Japanese Yen
By: Gregor_Horvat
Yen crosses are rallying nicely for the last few days since the S&P500 has turned up last week. We can see very tight correlation between these two markets where structures on both suggests more upside. For FX traders, the EUR/JPY will definitely be interesting for longs as pair reversed in five waves from the lows. However, patient traders will wait on pullbacks and better price entries. Ideal scenario would be a three wave set-back to 138.10-138.90 area before market turns up for wave C.
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Tuesday, February 11, 2014
Major Currencies Forex Trading Market Forecasts - Free Week / Currencies / Forex Trading
By: EWI
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Tuesday, February 11, 2014
Bitcoin Price Crash, Holders Shell-Shocked, Mt Gox Ban on Withdrawls / Currencies / Bitcoin
By: John_Rubino
Bitcoin and Gold: Currency versus Money - Bitcoin holders — especially those who bought in during the crypto-currency’s recent surge past $1,000 — are a bit shell-shocked this week:
Monday, February 10, 2014
Sure-Fire Forex Trading Setup - Look for a Triangle - Video / Currencies / Forex Trading
By: EWI
Watch this quick educational video from an Elliott wave forex expert, Jim Martens
Last fall, the editor of Elliott Wave International's Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market.
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Monday, February 10, 2014
The Split Birth of New Scheiss Dollar, Vicious Cycle & Downward Spiral / Currencies / US Dollar
By: Jim_Willie_CB
The United States is fast racking up characteristics of a Third World nation. Its finances are Third World. Its president is Third World. Its banking integrity is Third World. Its absent industry is Third World. Its decaying cities are Third World. It urgently begs for a Third World currency, but that is soon to be remedied. The nation has been a freeloader on the global reserve currency for too long. That is about to end. For the last three years, the United States has been living in a fairy tale with bailouts from the vast bond monetization. The Quantitative Easing with its amplified bond purchases and hidden channels to disguise higher volumes has been operating as an historically unprecedented Wall Street bailout and Fannie Mae fraud recycle room. Pressures are building. The USDollar held in foreign jurisdictions is beyond the legal authority of the USGovt, which cannot continue covering its debts with inflation spew in the grandest heretic experiment in history. The solution within the global currency reset is the launch of the new American Dollar, for its own usage, no longer a global reserve currency.
Thursday, February 06, 2014
Is Bitcoin a Revolutionary Monetary Game-Changer Or Financial Trojan Horse? / Currencies / Bitcoin
By: Washingtons_Blog
Bitcoin Is Going Mainstream
Reddit, Virgin Galactic, and Overstock.com now accept Bitcoin.
So do dating site OKCupid and travel site CheapAir.com. Game giant Zynga is now in the testing phase.
Two big Las Vegas hotels accept Bitcoin.
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Thursday, February 06, 2014
The Euro Is A Rearview Gauge Of Geopolitical Risk / Currencies / Euro
By: Andrew_McKillop
What Goes Up Will Go Down
Five weeks into 2014 the Eurozone-18 and even the EU-28's stock exchanges are being treated as something of a safe haven bet by investors retreating from “risk assets” in emerging economies. They also see the euro money as safe, but this is very far from sure. The president of the European Central Bank, Mario Draghi has admitted either openly or by implication many times since the 2008 crisis began, that the euro is overvalued. Since 2008 and more so today, the euro still plays the role of a geopolitical barometer. The euro rises with global risk and the opposite, but this cart and horse combination is in no way timeless. It is under attack from the real world - and even by Germany.
Wednesday, February 05, 2014
Forex Trading Alert: U.S. Dollar Declines Against Major Currencies / Currencies / Forex Trading
By: Nadia_Simmons
Earlier this week, the U.S. currency erased some losses against the euro, yen and Swiss franc. However, the greenback moved lower against the British after data showed that construction output in the U.K. rose at the fastest rate since August 2007 in January, suggesting that the economic recovery is continuing. The U.S. dollar also declined against its Australian counterpart after the Reserve Bank of Australia left rates on hold at 2.5%. What impact did these numbers have on major currency pairs? If you want to know our take on this question, we invite you to read the following part of this Forex Trading Alert.
Tuesday, February 04, 2014
Bitcoin Price Trading Range Narrows / Currencies / Bitcoin
By: Mike_McAra
Key take away from this alert: in our opinion, closing long positions is not the way to go.
On Jan. 30, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury released two additional guidelines on Bitcoin. The first takes a stance on whether Bitcoin miners are to be considered money transmitters:
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Monday, February 03, 2014
British Pound GBP USD Bearish Reversal / Currencies / British Pound
By: Gregor_Horvat
GBPUSD moved to a new swing high two weeks back but then turned sharply down from 1.6660 level so our count from the past weeks remains valid. We are tracking a complex correction from July 2013 that can be wave E), final leg of a wave (B) triangle pattern. If that is the case then market should move impulsively to the downside while 1.6780 high from April of 2011 must stay in place.
Monday, February 03, 2014
USD/CAD: Corrective Retracement Before Going UP / Currencies / Canadian $
By: Gregor_Horvat
USD/CAD has turned bearish last weeek from around 1.1220 where we see signs of a completed wave (v) of 3 with an ending diagonal formation at the end of extended move that typicaly confirms a bearish reversal. As such, we suspect that pair is now going south or at least sideways in black wave 4.
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Monday, February 03, 2014
Bitcoin Revolution or Trap? / Currencies / Bitcoin
By: James_Turk
From Chapter 18 of The Money Bubble by James Turk and John Rubino:
In the Internet's early days there was general agreement that one of the first killer apps would be some form of cyber-currency. Since money was already largely non-corporeal, existing as entries in bank accounts and ready to spend with plastic cards, the next logical step would be to move the whole thing online and dispense with paper and coins and their costly and burdensome infrastructure of banks, regulators and printing presses. The emergence of such currencies would, in this optimistic scenario, consign relics like the dollar and the Fed to history's circular file and usher in an era of trust, stability, and growth similar to what occurred under the classical gold standard.
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Friday, January 31, 2014
Iran, Pakistan, Malaysia Pathways to Increase Indian Rupee Value / Currencies / India
By: Submissions
Rangaraj Srinivasan writes: The value of the rupee hit an all time low of 68.85 on August 2013. The government and Reserve Bank of India mulled over about currency swap arrangements with its trade link countries during September 2013.Usually, India is using US dollar as its medium of exchange for its exports and imports of its goods and services like most of the other countries in the world. Currency swap arrangements refer to exchanging of their own currencies of countries for their trades instead of universally accepted currency like USD. Suppose India has export and import arrangements with Malaysia. India will receive ringgit for its exports to Malaysia and remit rupee for its imports from Malaysia.
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Friday, January 31, 2014
EUR USD Bearish Wave / Currencies / Euro
By: Gregor_Horvat
EURUSD has turned bearish at the start of January from 1.3900 spike high which we assumed it represents final part of a bullish trend. From there market fell sharply lower almost 400 pips so we assume that pair has completed an ending diagonal. However, a key for a breakdown would be move through the red wave 4) swing low that is placed around 1.3300 figure, still far away from current levels.
Wednesday, January 29, 2014
Taper Tantrums or the Start of an Emerging Markets Forex Crisis? / Currencies / Forex Trading
By: MahiFX
Unwinding the US Federal Reserve's quantitative easing programme was never going to be easy and it has barely started and some emerging market countries are already running into trouble.
So far the worst hit countries also appear to be victims of their own internal problems, such as high current account deficits and political turbulence. In effect, ultra cheap money from the Fed was papering over some serious cracks – similar to what the EUR was doing for years for peripheral Eurozone countries.
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Wednesday, January 29, 2014
USDCAD Forex Analysis - Elliott Wave 3 Near Top / Currencies / Canadian $
By: Gregor_Horvat
USDCAD is moving sharply to the upside for the last couple of weeks since pair managed to move above 1.0660 resistance zone, back from 2011. Sharp and big move in short period of time like this one on USDCAD usually occurs in the middle of wave three of an impulsive price action. As such we adjusted the wave count and around now tracking an incomplete five wave recovery, either in wave (C) or (3). In both cases we expect higher levels, up to 1.1600/1.1700 as long as 1.0600 level holds.
Tuesday, January 28, 2014
Forex Trading Alert: U.S. Dollar Erases Losses / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. currency rose against most of major currencies as expectations that the Federal Reserve will continue to scale back stimulus program this week fueled demand for the greenback. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.
Tuesday, January 28, 2014
Prepare for Currency Chaos / Currencies / Fiat Currency
By: Michael_Pento
On November the 25th I published the following warning about the effects from the Fed’s imminent tapering of asset purchases:
“There is a good chance that the beginning of tapering will lead to a reversal of the trade to sell gold ahead of the news. But the major averages have priced in a sustainable recovery on the other side of QE, which will not come to fruition. For the Dow, S&P 500 and NASDAQ the end of QE will be especially painful. A unilateral removal of stimulus on the part of the Fed will send the dollar soaring [especially against emerging market currencies] and risk assets plunging -- you could throw in emerging market equities and any other interest rate sensitive investment on planet earth.”
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