Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, December 01, 2010
Fiat Currencies Versus Gold: Will China and Russia Quit using the US Dollar? / Currencies / Fiat Currency
By: Bob_Chapman
The Federal Reserve’s balance sheet grew a 4th straight week to $2,328 trillion, up $31 billion in a week. In May the balance sheet was $2,333 trillion.
Holdings of government securities totaled $901.24 billion, and rose $27.62 billion. Mortgage holdings were unchanged and Agency holdings fell slightly.
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Wednesday, December 01, 2010
U.S. Dollar USD Index Deja-Vu from 52 Weeks Ago? / Currencies / US Dollar
By: Ashraf_Laidi
US dollar stabilizes up as US bond yields push higher following the 93K increase in Nov ADP (highest since Nov 2007) and the October revision to +82K from +43K. US 10 year yields jump to 2.91% from 2.79% earlier, further boosting the "good-data-is positive-for-USD" reaction, which was not always apparent. Although the euro is holding firm, general FX dynamics are increasingly similar to exactly a year ago when USD strengthened in early December 2009 on a combination of strong US Nov jobs report (released on December 4, 2009 at -11k vs expectations of -130K) and the triple downgrades of Greece later in the month (Fitch, S&P and Moodys). Are we witnessing a Déjà vu from exactly 52 weeks ago? Such would be the case in the event of double positive surprise (strong NFP, falling unemployment rate) and possibly upside revisions.
Tuesday, November 30, 2010
U.S. Dollar's Rally From the End of Inverted Parabolic Formation is Bearish for Gold and Silver / Currencies / US Dollar
By: Ned_W_Schmidt
Really need to start drinking more coffee, perhaps. Must have fallen asleep and missed the demise of the U.S. dollar. For when we looked this morning, it was still there trading away. Something must have happened while we were nodding off.
Tuesday, November 30, 2010
Could Gold Replace the Euro? / Currencies / Euro
By: Bari_Baig
The pace at which things are changing in this ever changing world is very interesting. Less than two weeks ago Irish government was reluctant to admit to a problem with the Irish Banking system. Outcome; Mr. Cowen panicked he did not just agree to the bailout package but to keep the fragile coalition in place he announced re-elections in January. Everyone touts about being democratic however, coalition governments seldom work [well] even when all seems to be going fine whereas Mr. Cowen has work cut out for him as he’s frantically juggling to keep things in place most importantly the Budget.
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Tuesday, November 30, 2010
Why I Still Like the U.S. Dollar in a Crisis / Currencies / US Dollar
By: DailyWealth
Jeff Clark writes: "Where the heck is our emergency cash?" I asked, looking squarely at my wife...
The mountain of $20 bills I stashed away last year was now nothing more than a mole-hill.
Tuesday, November 30, 2010
Four Ways to Monitor the U.S. Dollar and Risk Trade / Currencies / US Dollar
By: Chris_Ciovacco
With European debt markets getting little relief thus far from the Ireland bailout, we need to keep a continued eye on the U.S. dollar. A weaker U.S. dollar tends to provide tailwinds for stocks, commodities, gold, and silver. Therefore, a longer-than-expected rally in the greenback may provide headwinds for these assets, with gold being the possible exception in the near-term.
Tuesday, November 30, 2010
Currency Manipulation, Two Sides to Every Coin / Currencies / US Dollar
By: Axel_Merk
Recently, currency manipulation has garnered headline attention. We have been constantly bombarded with rhetoric out of Washington: “China isn’t allowing its currency to appreciate fast enough”; “China’s exchange rate policies are stealing jobs from America”; “We’re playing fair, why can’t China?” More often than not, the more vociferous proponents come from politicians who, in our opinion, are simply posturing for votes; attempting to provide catchy sound bites they believe will resonate with their constituents, without fully grasping the underlying fundamentals at play. The situation itself is truly paradoxical – akin to a major corporation thanking its largest creditor by insulting them.
Monday, November 29, 2010
U.S. Dollar Rally, Gold and the Art of Speculation / Currencies / US Dollar
By: Howard_Katz
The rally in the dollar over the past few weeks serves as a good illustration of what it takes to be a good speculator. I can remember when I was new to the art of speculation. It was the early 1970s, and Richard Nixon, unilaterally and illegally, abolished the U.S. gold standard (or at least the slender, connection to gold which still existed at that time and was known as the Bretton Woods System).
Sunday, November 28, 2010
The Double Edged Sword of Euro-zone Debt Crisis and Unrest in Korean Peninsula / Currencies / Global Debt Crisis
By: Bari_Baig
Two perfect storms seem to be brewing up fast, one in Far East and the other in Western Europe with both having the potential of becoming category 5 storms[Maximum rating for a storm] and at their mercy lies the global investment world. These storms are bigger and meaner and their head on collision with one another is expected to take place sometime this coming week. Each storm system has a different impact on majority of the investments however; there is one exception and that being of Euro’s fate.
Friday, November 26, 2010
EUR/CHF Bear Wind Blows / Currencies / Euro
By: Seven_Days_Ahead
We last looked at EUR/CHF when bears seemed fully in control, but subsequent action has suggested that that tide is on the wane, with the first positive indication recently seen. The current pullback could prove temporary, with a fresh attempt on the upside to come.
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Wednesday, November 24, 2010
Bitcoin The Electronic Currency of the Future / Currencies / Fiat Currency
By: EWI
What is Bitcoin?
Cryptography expert Satoshi Nakamoto[1] has created the first completely decentralized, anonymous, electronic currency, called Bitcoin. Bitcoins are divisible digital tokens that can be exchanged across the internet or stored on disk. Bitcoin differs greatly from traditional government issued fiat currency and regulated banking in several important aspects:
Wednesday, November 24, 2010
Nouriel Roubini Academic Economist Ignores Fiat Money Failures / Currencies / Fiat Currency
By: Richard_Daughty
Unfortunately, it is not only Robert Zoellick of the World Bank that has notoriously turned against a gold standard, but The DailyBell writes about similar sentiments from Nouriel Roubini, university professor, in their article "Roubini: Here's Why a Gold Standard Won't Work."
Naturally, I can't believe my eyes! The fact is that the gold standard is the only system that HAS worked all through history, and you would think that Mr. Roubini would know that! Wow!
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Tuesday, November 23, 2010
U.S. Dollar Bounce Continues, Days of the [benefactors] are numbered now / Currencies / Forex Trading
By: Bari_Baig
The U.S Dollar Index is bouncing back from low 78s and at the moment there seems no hurdle then in its path to stop it from breaking over 79.6 which shall give rise to a move upwards to 81s. Unlike a few weeks back when even a finger snap would send the U.S Dollar and the Index hurling down now things are very different and it seems for now that this [new] development of pro U.S Dollar is going to stay for a while longer! When a crisis like situation erupts then [Safe Haven] is U.S Dollar and Yen however, today we are observing Gold to be in the same league but we’d get to Gold in a little while.
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Monday, November 22, 2010
Fiat Currencies in Crisis, U.S. Dollar Surpluses Conversion into Gold / Currencies / Fiat Currency
By: Bob_Chapman
Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time.
Western powers have tried to destroy gold as a backing for currencies for many years. Presently the major media won’t touch the story and that is understandable.
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Monday, November 22, 2010
Is the Euro Finished? / Currencies / Euro
By: Kevin_George
In 2008, Irish finance minister proclaimed that in shoring up their toxic banks that it was “The cheapest bank bailout in the world!” Two years later and this cost was ‘expected’ to rise to €34bn. Fast forward to the present and the confirmation that Ireland has been forced to seek assistance from the EU/IMF totalling around €80bn.
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Friday, November 19, 2010
The Great Currency Wars, Return of 1930’s Style Protectionism? / Currencies / Protectionism
By: Andy_Sutton
On 9/18/2009 I wrote an editorial called ‘The Quiet Grab’. It discussed China’s deal cutting on the natural resources front, specifically in the rare earth element and petroleum sectors. The article pointed out that the Chinese were quietly provisioning ready supplies of strategic assets for the turmoil that lay ahead, particularly arising from a disdain and mistrust of paper instruments, especially currencies. With the USFed’s second iteration of quantitative easing now underway, the currency battles are starting to heat up and so is the rhetoric. This week we take a look at the ongoing (and intensifying) currency wars, strategic assets, and why we are behind the proverbial eight ball.
Friday, November 19, 2010
EUR/USD Bounce Closing in on Stronger Resistance / Currencies / Euro
By: Seven_Days_Ahead
The recovery in EUR/USD from the Jun low has, so far, been a 3-wave affair and recently found good resistance. There is now the risk that further weakness will mean curtains for the bulls as upward momentum seeps away.
Thursday, November 18, 2010
The U.S. Dollar Survives Again / Currencies / US Dollar
By: John_Browne
Given all that stress that the Federal Reserve's currency debasement program is laying on the global economy, last week's G-20 summit in South Korea should have been the monetary equivalent of a military degradation for the U.S. dollar. The greenback should have been slapped across the face, stripped of its medals, and cashiered from the ranks of respected currencies. Instead the dollar escaped unscathed, retaining its privileged status as the world's reserve.Read full article... Read full article...
Thursday, November 18, 2010
U.S. Dollar, USD Index Rally? / Currencies / US Dollar
By: Christopher_Laird
Why the USD is rallying
Well why can the USD rally now with another $600 billion of US QE? Basically it is argued by some, including me, that since the US has the defacto world reserve currency, that even if the US wants to abuse it and print a lot of money, since they print it, and issue the USD, they can win any argument on currency rates.
Wednesday, November 17, 2010
U.S. Dollar Trend Puts Gold Under Pressure / Currencies / US Dollar
By: Jeb_Handwerger
Last week I warned that the U.S. Dollar was reaching three year lows and to expect a dollar bounce. The dollar has bounced higher as risk aversion has returned with Ireland on the verge of needing a bailout and China raising interest rates to combat rising inflation. There are growing concerns of the Fed needing to raise interest rates ahead of schedule. The previous euphoria in commodities appears to be waning and the technicals are demonstrating the fundamental challenges facing commodities.