Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Saturday, May 22, 2021
DXY Weakness: Are You in A Crowded Commodities Trade? / Currencies / US Dollar
By: Submissions
Have you been long commodities like agriculture or oil? The US Dollar has continued to weaken, but is this trade getting a little long in the tooth?
Happy Hump Day, folks. Here are some quick facts: The US dollar has been in a steep downtrend since late March. The most recent CPI print in the US was a monster. The Fed has continued with the “lower for longer” theme. The Biden administration is looking to spend trillions upon trillions with no clear path for repayment, and it doesn’t seem to matter. Has the short dollar/long commodities trade gotten “too easy"?
The answer is yes, or at least most likely. Some steam will have to come out at some point. I’m not setting off any immediate alarm bells here and don't care to theorize on whether inflation is indeed transitory, as the Fed states. However, when a trade theme has that much going for it, for so long, in leveraged markets, it usually ends suddenly or at least experiences a snapback. Just some food for thought.
The US Dollar Index (DXY) can give us some clues.
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Thursday, May 20, 2021
The Growing Market of New Crypto / Currencies / cryptocurrency
By: Submissions
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Thursday, May 20, 2021
Bitcoin CRASH! Nicehash Freezes Withdrawals in Crypto's BLOOD BATH 2021 / Currencies / cryptocurrency
By: HGR
The crypto mania bubble has finally BURST! All of the crypto's have gone into a free fall crash led by Bitcoin, Ethereum, Ripple, Doge coin and so on, all CRASHING, with exchanges and services halting withdrawals through use of BS press releases such as security hacks, much as I have been warning would happen for several months as to why no one should hold their funds with Nicehash or in any crypto's, transfer to coinbase and SPEND IT, don't HODDLE as many of the noob crypto miners have been doing, now locked into freefalling markets! Where any bounce will prove temporary to what amounts as a new bear market for most crypto's.
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Wednesday, May 19, 2021
Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! / Currencies / cryptocurrency
By: Nadeem_Walayat
The crypto mania bubble has finally BURST! All of the crypto's have gone into a free fall crash led by Bitcoin, Ethereum, Ripple, Doge coin and so on, all CRASHING, with exchanges and services halting withdrawals through use of BS press releases such as security hacks, much as I have been warning would happen for several months as to why no one should hold their funds with Nicehash or in any crypto's, transfer to coinbase and SPEND IT, don't HODLE as many of the noob crypto miners have been doing, now locked into freefalling markets!
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Wednesday, May 12, 2021
Crypto 101 for new traders – ETH or BTC? / Currencies / cryptocurrency
By: S_N_Chatterjee
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Sunday, May 09, 2021
Dripcoin Applies New Technology That Provides Faster Order Execution / Currencies / cryptocurrency
By: S_N_Chatterjee
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Wednesday, May 05, 2021
ROIMAX Trading Platform Review / Currencies / cryptocurrency
By: S_N_Chatterjee
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Tuesday, May 04, 2021
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... / Currencies / Crypto Mining
By: Nadeem_Walayat
Here is another reminder if you have not already done so to consider crypto mining in the background on your desktop PC with Nice Hash Quick Miner (payout's in Bitcoin), it's safe to do so, I do it with my desktops yielding £150 per month per pc after electricity costs, the requirement being an Nvidia GPU with at least 6gb of vram. Whilst AMD GPU's can use the regular Nice Hash miner that uses third party algorithms.
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Saturday, May 01, 2021
US Dollar Index: Subtle Changes, Remarkable Outcomes / Currencies / US Dollar
By: P_Radomski_CFA
Even the smallest moves can be of utmost importance to a number of investors. This time, the USDX was the one to give a subtle nod to the upcoming changes.
In yesterday’s analysis , I wrote about the subtle, yet very important short-term detail that likely indicated a major turnaround in the USD Index. This is huge news for the precious metals investors, as a major turnaround in the USDX (and the subsequent rallies) would be very likely to translate into a severe price slide.
Friday, April 23, 2021
Amazing Steps to avoid the common mistakes / Currencies / Forex Trading
By: Russell_Fenton
Currency trading is a very delicate profession and it requires strong devotion. Avoid repeating the mistakes as it can create huge problems. Proper preparation will help the investor to make the right decision. In this zone, if you cannot deal with the phases properly, you will face difficulties to get good outcomes. Traders need to determine the circumstances of the market so that they can ply the right techniques. There are some steps of avoiding errors that are being represented here.
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Wednesday, April 21, 2021
Ethereum EIP 1559 and Raven Coin / Currencies / Crypto Mining
By: Nadeem_Walayat
And contemplating EIP 1559 and what it means for crypto mining then as Ethereum becomes more expensive to mine then that implies a shift in market hash power to the other crypto coins where likely a large beneficiary of which will be Ravencoin that could see a significant up lift in price. So, a strategy here could be to exchange ethereum mining today for Raven coin. Current price of Raven coin is $0.18. A large switch in market hash rate to raven coin could soon see it trade to over 50 cents, and likely a lot higher when the block rewards halve in January 2022 from 5000 raven coins to 2500 coins per block mined. So I will definitely be converting surplus bitcoins (about 15% of coins mined with NiceHash) into raven coin for the long-run, held with Nicehash until Coinbase decides to list RVN, maybe soon after their imminent IPO.
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Wednesday, April 21, 2021
DogeCoin CRASH! Time to Start Mining BOODGIE Coin! Crypto Mania 2021 / Currencies / Crypto Mining
By: N_Walayat
Everyone stop mining DogeCoin! Get your rigs off Nicehash and onto the likes of Unminable and start mining BOODGIE COIN NOW! The new crypto coin that is going to change everything! BOODGIE COIN is to to fly high so get in now near the ground floor and start mining thousands of BOODGIE coins before it fly's off as DOGE coin had!
BOODGIE COIN!
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Monday, April 19, 2021
YuanPay Team Discuss The Process Of Crypto Diversification / Currencies / BlockChain
By: Mark_Adan
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Tuesday, April 13, 2021
Litecoin and Bitcoin-Which Is Better? / Currencies / BlockChain
By: Umer_Mahmood
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Monday, April 12, 2021
Rising Debt Means a Weaker US Dollar / Currencies / US Dollar
By: MoneyMetals
Americans appear to be growing more concerned about the skyrocketing national debt level – officially $28.1 trillion and counting.
The Peter G. Peterson Foundation’s monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of the Biden Administration’s latest $2 trillion stimulus package.
That $2 trillion bill is simply piled on top of already massive budget deficits.
And it adds furthers to concerns over the country’s currency, the Federal Reserve Note “dollar.”
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Monday, April 12, 2021
What Is Bitcoin Gold? / Currencies / Bitcoin
By: Umer_Mahmood
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Saturday, April 10, 2021
The History of Bitcoin Hard Forks / Currencies / Bitcoin
By: Umer_Mahmood
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Friday, April 09, 2021
What Is Bitcoin Unlimited? / Currencies / Bitcoin
By: Umer_Mahmood
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Thursday, April 08, 2021
Stronger US Dollar Reacts To Global Market Concerns – Which ETFs Will Benefit? Part II / Currencies / US Dollar
By: Chris_Vermeulen
In this second part of our exploration of the recent US Dollar rally and what it may be reacting to in relation to the current US stock market highs and continued rally, we will explore some of the underlying factors that are translating into US Dollar strength while the US stock market continues to push higher.
In the first part of this research article, we highlighted the US Dollar reaction to the 2008-09 credit market crisis and how the US Dollar actually started to bottom/rally in early 2008 – just as the rollover top in the US stock markets continued to setup. The way the US Dollar reacts to stress factors in the global markets is to strengthen as a safe haven as capital is constantly seeking the best environment for investment and profits. When the markets enter a period of turmoil, the US Dollar typically begins to strengthen before the global markets really begin to react to the fear or turmoil.
The recent news of large financial institutions and hedge funds taking large losses and closing operations is somewhat similar to the Lehman event of 2008. These types of larger corporate debt collapses have wide-range global market effects. Sometimes, these events can ripple into other global corporations who engaged in this level of financing or credit functions. For example, Credit Suisse’s attempt to recoup potential losses from the Greensill collapse may be a very complicated and fruitless process according to a recent Wall Street Journal article.
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Thursday, April 08, 2021
Ladies and Gentlemen, Mr US Dollar is Back / Currencies / US Dollar
By: P_Radomski_CFA
Previously dismissed, the USDX may now be back with a vengeance. Sentiment is swinging away from shorts and there is an uncanny historical pattern.
With a potential bearish pattern already broken, the USDX is resuming its journey northward. And why is it geared to do well? Is it because the U.S. economy is ripping head? Definitely not - that’s not happening. It’s rather because other regions (think Europe and Japan) are doing even worse.
The dollar’s imminent rise doesn’t mean that gold can’t still experience some very short-term upswing, but for the medium-term, the precious metals continue to face bearish headwinds.
With the greenback laying back and enjoying a well-deserved Easter vacation, gold, silver and the gold miners avoided a dollar-drama for at least another day. However, with the USD Index working to regain its supremacy, along with investors’ respect, the ‘death of the dollar’ narrative has quietly dissipated from the investing zeitgeist.
Case in point: the USD Index has broken above its monthly declining resistance line and has already made four new highs since the New Year. More importantly though, because the precious metals have a strong negative correlation with the U.S. dollar, the upward momentum has coincided with an 8.78% drawdown of gold, a 6.18% drawdown of silver and a 6.41% drawdown of the GDX ETF.