Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Monday, October 31, 2011
Yen plunges on BOJ intervention / Currencies / Forex Trading
The main news this morning is the Bank of Japan's direct intervention in currency markets to haul the yen back from record highs against the US dollar. The intervention sent the USD/JPY soaring with a knock on effect on other yen and dollar pairs. The USD/JPY is up 4.00%, touching a high of 79.53 after the pair hit record lows last week. There are similar moves on other yen pairs with the GBP/JPY up 3.45%.
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Friday, October 28, 2011
High Corn Prices Burning Meat Companies But Agribusiness Will Thrive / Currencies / Agricultural Commodities
David Zeiler writes: High corn prices are creating misery for meat processing companies that are getting squeezed on profits and consumers who are getting squeezed in their wallets.
Just about the only group to benefit from high corn prices will be agribusiness companies that make the equipment and supplies farmers will need to grow more corn.
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Wednesday, October 26, 2011
Bet Against the U.S. Dollar as a Store of Value / Currencies / US Dollar
In this excerpt from the Casey Summit When Money Dies, seasoned resource investor/broker Rick Rule discusses risk management and explains why the greatest risk you face as an investor is located to the left of your right ear and to the right of your left ear.
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Wednesday, October 26, 2011
Is Occupy Wall Street A Threat to the U.S. Dollar? / Currencies / US Dollar
On its face, suggesting that the Occupy Wall Street movement may threaten the U.S. dollar may appear like a tall order. However, simply dismissing Occupy Wall Street as a fad may be a big mistake, just as it is a mistake to dismiss the Tea Party movement. Regardless of your political stance, and with no offense intended to supporters of either group, we believe they may be two sides of the same coin – quite literally. To determine where policy makers and with it, the U.S. dollar, may be heading, it is important to understand that the driving forces behind both movements have common roots.
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Tuesday, October 25, 2011
Euro and Forex Markets Analysis / Currencies / Forex Trading
Many believe that EUR action is all about Dollar Index. We disagree. The times we live in now are no more led by Dollar action but rather by EUR action given the tremendous implications of what is happening in EU zone. Who would have thought that a disparate group of politicians, each subservient to their political goals and with a tinge in common between them would chart a path to common fiscal union. We had doubts as did markets. But for the first time, we feel that fiscal union and treaty change are now a matter of time rather than whether they will happen!
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Tuesday, October 25, 2011
What Do Wave Charts Say About the Euro? / Currencies / Euro
This article is Part 1 of a 3-part interview series with Glenn Neely, founder and president of NEoWave Institute. In these 3 interviews, conducted by blogger Bud Fox, Glenn Neely looks ahead at 3 specific trading markets (Euro, Gold, and Treasuries) through the lens of Wave structure and explores what Wave theory tells us about the next 5-10 years.
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Sunday, October 23, 2011
Yuan Gold Contacts a Step toward Reserve Currency / Currencies / China Currency Yuan
On Monday, the first gold contracts denominated in the Chinese Renminbi (also known informally as “yuan”) came to the Hong Kong market. Analysts have been quick to note the implications of a yuan-denominated contract, realizing that the new contract could drive nearly three times as much demand as the dollar-denominated contract.
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Saturday, October 22, 2011
Global Trade and the Yuan Chinese Currency / Currencies / China Currency Yuan
"How soon will the Chinese natural resource demand decrease? The Chinese population is significantly larger than every individual country's population in the world (except India)." Is China the New North? Assessing the Impact of Chinese Trade with Latin America, Brookings Institution
"In terms of long-term structural trends, demand is now driven by an urbanization process that is far more structural than consensus generally believes. On our analysis, China is only 20 to 25 per cent along the path towards being a mature materials market and it may take at least six to nine years before demand intensity peaks." Andrew Keen, Thorsten Zimmermann and Lourina Pretorius, analysts at HSBC
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Friday, October 21, 2011
What Currency Charts Say About European Debt Crisis / Currencies / Global Debt Crisis
We have a pending news driven event out of the EU this weekend or maybe just more extend and pretend. So expect a lot of rumbles into it and of course misinformation and rumors too. What is going to happen is going to happen. We have no clue as to what though with the circus parade over there.
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Thursday, October 20, 2011
Europe still looking for the Bazooka / Currencies / Forex Trading
Title: Europe still looking for the BazookaThis morning financial markets are on the back foot following last night's evening session sell off. Markets are still looking European officials to bring out the 'Bazooka', a plan that will put to bed the Eurozone worries once and for all. Up until now officials have provided solutions that do little more than buy time, but now its crunch time and markets are demanding a meaningful solution. The omens weren't good last night when an FT story suggested that European banks would only have to raise 100 bn euros, less than a third of what the market things they really need. In addition, European lawyers have questioned the legality of proposals to leverage up the EFSF under the 'no bailout' clause.
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Thursday, October 20, 2011
U.S. Dollar Index, The Big Picture / Currencies / US Dollar
When markets are volatile it often pays to take a step back and look at the big picture. A monthly chart shows the Dollar Index ranging between 70 and 90 since 2003, with the 80 level alternating as mid-range support/resistance. The index recently pulled back from resistance at 80 and will now either re-group for another attempt or medium-term support will give way, signaling a test of long-term support.
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Thursday, October 20, 2011
Analyzing the Australian Dollar, Up, Down, and Under / Currencies / Austrailia
With the Sword of Damocles hanging over the Euro currency by a thread, many speculators in the foreign exchange markets are flocking to the currency Down Under – the Australian dollar, attracted to its free wheeling and dealing, and its heightened volatility. The Aussie dollar offers much higher interest rates than other Asian currencies, such as the Hong Kong dollar and Japanese yen, whose exchange rates are essentially fixed by their governments though daily market intervention, making the Aussie a favorite target for carry traders.
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Thursday, October 20, 2011
U.S. Dollar and Euro Review and Outlook / Currencies / Forex Trading
With so many global dynamics playing out, and the world’s financial markets fixated on the political process (or lack thereof) in the Eurozone, driving market sentiment around the world, it may be a good time to take a deep breath, take a look back at where we’ve come from, and assess the likely implications going forward. Specifically, what are the implications for the U.S. dollar and currencies globally?
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Sunday, October 16, 2011
Currency Intermarket Insights, YEN, UST2Y, DXY, EURO / Currencies / Forex Trading
Key counter trends this week has challened many of the established trends of the last 3 months. We will look at key pairs and intermarket to understand on their trends.
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Thursday, October 13, 2011
Aussie Dollar Extends Rally / Currencies / Forex Trading
This morning, the AUD/USD is extending the run that has seen it rally over 7.50% since the lows of September. In the same period the NZD/USD has gained 6.5% and the EUR/USD 5%. The Aussie is rallying today after better than expected employment change and unemployment data.
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Wednesday, October 12, 2011
Betting on the Dollar Versus Yen / Currencies / US Dollar
Rumors are circulating that in an effort to enable its exporters to compete effectively with China, Japanese authorities are considering some sort of currency "peg," perhaps to a basket of currencies, or vis-a-vis the Yuan, or maybe even in part to gold.
In addition, there are currently heated discussions in Congress about declaring China a "currency manipulator," or otherwise coercing China to allow its Yuan to appreciate faster to enable American business to compete more effectively on a global basis.
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Wednesday, October 12, 2011
The Euro is Dead. Long Live the Euro / Currencies / Euro
To ensure the European sovereign debt crisis doesn’t go to waste, the markets have kept policy makers and bankers on their toes. The naysayers of a European turnaround have become so overwhelming that it is stunning Europe hasn’t submerged into the Atlantic Ocean yet. It appears that German Chancellor Angela Merkel, the cautious woman with the checkbook, is about to turn the tide.
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Monday, October 10, 2011
Fiat Money and the Euro Crisis / Currencies / Fiat Currency
In September I participated in the amazing Supporters Summit, held at the prestigious National Academy of Sciences in Vienna, where Eugen von Böhm-Bawerk once lectured. After my visit to Austria, I piggybacked an excursion to adjacent Slovakia where I was surprised to discover a large number of fans of the Mises Institute and Ron Paul.
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Friday, October 07, 2011
Aussie leads the way ahead of NFP / Currencies / Forex Trading
This morning the US dollar is under some pressure with the Aussie and Kiwi dollars bursting higher in early trading. The AUD/ USD is up 0.75% with the NZD/ USD up 0.65%. The British pound is not far behind with the GBP/ USD up 0.62%.
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Tuesday, October 04, 2011
Bernanke’s Plot To Overthrow the US Dollar / Currencies / US Dollar
Where’s the Bastille…?
The Great Correction has a lot of work to do – there are so many things that need correction. And it will take time to do it. Meanwhile, your goal as an investor is to lose less money than everyone else. He who loses least wins!
Stocks should go down. Real estate should go down. Even gold should go down…as the dollar goes up!
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