Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, June 21, 2010
Implications of Chinese Yuan Appreciation / Currencies / China Currency Yuan
By: Axel_Merk
Axel Merk and Kieran Osborne write: Recently, there has been a lot of news and evidence supporting the likelihood of the Chinese authorities allowing the Chinese currency, the yuan or renminbi (CNY), to trade within a wider trading band.
Monday, June 21, 2010
Why New China Flexibility of the Yuan Will Not Mean its Appreciation, Nor Gold's Fall / Currencies / China Currency Yuan
By: Julian_DW_Phillips
With China dropping the 'peg' to the U.S. $, the financial world is expecting it to appreciate up to 30% over time. But we don't expect this at all. China has interests and will do no-one favors unless they are in China's interests. There are some who say it is in China's interests as they may well need to cap rising inflation or cheapen imports. More expensive Chinese exports can still effectively penetrate world markets? But China is a very different economy to any in the West and economic rules that apply to the West have to be modified in the East. So, what will happen to the Yuan now?"
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Monday, June 21, 2010
U.S. Dollar Top Forecast, How to Play the Bear Side / Currencies / US Dollar
By: Money_Morning
Larry D. Spears writes: In spite of an assortment of economic uncertainties at home, the U.S. dollar has been the star of the currency world for most of 2010. Spooked by persistent and seemingly insurmountable debt problems east of the Atlantic and the specter of unsustainable growth and potential inflation on the Pacific side of the globe, savers and investors fled European and Asian currencies for the relative safe haven of the dollar.
Monday, June 21, 2010
China Yuan Currency Climbs Most in 20 Months / Currencies / China Currency Yuan
By: Mike_Shedlock
Stock and commodities futures are up headed into Monday's trading on news that China has "unpegged" the Yuan. Please consider Yuan Climbs Most in 20 Months After China Signals End to Peg.
Monday, June 21, 2010
Asian Currency Crisis, Indonesia Moves to Tame Speculative Capital Flows / Currencies / Asian Economies
By: Global_Research
Kavaljit Singh writes: Within three days of South Korea imposing currency controls, Indonesia (a member of G-20) unveiled several policy measures to regulate potentially destabilizing capital flows. The policy announcement by Indonesia is the latest initiative by emerging markets to tame speculative money which could pose a threat to their economies and financial systems.
Monday, June 21, 2010
British Pound GBP/USD Testing Long Term 76.4% Support / Currencies / British Pound
By: Seven_Days_Ahead
The downtrend in GBP/USD tested a long term 76.4% retracement level, where the initial reaction has been positive, though muted so far. There are certain levels on the Daily chart that must be negotiated before we are able to look for a better recovery phase.
Monday, June 21, 2010
Chinese Yuan Bent But Not Bowed, Trade War Still On / Currencies / China Currency Yuan
By: Dian_L_Chu
The currency issue has been a constant tension in relations between the United States and China. Many analysts had expected the Chinese central bank to announce a one-off revaluation in the yuan to appease critics of the exchange rate policy.
However, on Sunday, the People's Bank of China (PBOC) has ruled out the one-off revaluation that US politicians had sought. This was seen as a largely political move to deflect criticism of its fixed exchange rate ahead of the G20 meeting next week.
Sunday, June 20, 2010
China Announces Yuan Exchange Rate Flexibility / Currencies / China Currency Yuan
By: EconGrapher
So China has just announced that it will "Further Reform the RMB Exchange Rate Regime and Enhance the RMB Exchange Rate Flexibility". See the full statement here.
Friday, June 18, 2010
Euro Declines on a Sea of Bankruptcy and Paper Promises / Currencies / Euro
By: LewRockwell
Richard Daughty writes: Do you ever get the feeling that you are in some kind of weird dream, where someone is holding a pillow over your face so that you can’t breathe, and you can dimly hear your children asking, “Is he dead yet, mom?” and I am thrashing around and yelling out, “No, I’m not dead, you morons!” but nobody is paying attention? Me, too!
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Thursday, June 17, 2010
Euro Stabilized as Worst Credit Fears Subside / Currencies / Euro
By: LiveCharts
The Euro appears to be relatively stable this week, with a current rate of $1.2304. It actually reached a Wednesday morning (June 16) high of $1.2355 before receding a bit in the mid morning trade.
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Thursday, June 17, 2010
Mr. Denninger and Gold, A Rebuttal to All Fiat Money Apologists / Currencies / Fiat Currency
By: Gordon_Gekko
The last post saw almost a holy war break out between the opposing camps of paper-bugs and the gold bugs (truth-bugs, really) resulting in a record number of comments (1) (645 at last count) the highest for any post on ZH – ever (pending Marla’s confirmation of course. Where are you, Marla?). I wish to thank everybody who participated in the discussion for their insightful comments and feedback.
Saturday, June 12, 2010
The U.S. Dollar’s Bull Market Is Just Getting Started! / Currencies / US Dollar
By: Bryan_Rich
The dollar index has surged 20 percent since last November. And this week, it was sniffing around its 2009 high!
That’s pretty impressive, especially given that the 2009 high was driven by an across the board, global flight to the dollar … underpinned by one of the worst combinations of financial crisis and global economic recession on record.
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Friday, June 11, 2010
Attacking Eurozone Core, USD Index and Swiss Knife / Currencies / Forex Trading
By: Ashraf_Laidi
The 1.2% decline in US April retail sales deals a rude awakening to the low-volume rally in equities as well as the recent bounce in the euro. Just when EURUSD was attempting to make its 4th daily increase (EUR hasnt had more than 3 straight daily gains since December), the risk aversion stands in the way. EURUSD would have had to close Friday above $1.21 in order to overcome its inability to post 4 consecutive daily gains this year.
Friday, June 11, 2010
It's Time to Close Out Your Short Euro Trade / Currencies / Euro
By: DailyWealth
Dr. Steve Sjuggerud writes: Six months ago, in my newsletter True Wealth, I told readers it was time to bet against the euro:
This type of opportunity doesn't come along very often. It's time to bet against the euro. It's overpriced. A mountain of factors is against it. And a downtrend has been established – so it's time to make the trade.
Friday, June 11, 2010
ECB Inflexibly Flexible, A Turning Point for the Euro? / Currencies / Euro
By: Axel_Merk
Following the European Central Bank's (ECB) press conference following its monthly meeting, President Trichet's main task was to boost credibility. As Trichet makes abundantly clear, the ECB is"inflexibly attached to price stability." To achieve its goal, however, he could have added the ECB needs to be inflexibly flexible. When quizzed on the ECB bond purchase program, a program that may take the ECB down a slippery road of money printing should it not be properly neutralized, Trichet discussed three elements: the purpose, the design and observation of the program.
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Thursday, June 10, 2010
Russia Clings onto Euro Currency Reserves Despite Plunge / Currencies / Euro
By: Pravda
Russia still trusts the European currency, Prime Minister Vladimir Putin told Agence France-Presse and France 2 TV channel prior to his visit to Paris.
“We trust and believe in the euro. We wouldn’t keep so much of our reserves, gold and foreign currency reserves in the European currency otherwise,” Putin said.
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Thursday, June 10, 2010
U.S. Dollar's Days are Numbered / Currencies / US Dollar
By: Money_Morning
Keith Fitz-Gerald writes: The U.S. dollar has been one of the world's strongest currencies in the first part of 2010, posting double-digit gains through the end of May.
And little wonder. The Greek debt crisis continues to threaten Europe's overall health, and could unleash an entirely new contagion on the rest of the global economy. Then there's China, - the engine of world growth during much of the financial crisis - which now appears to face the near-term triple threat of slowing growth, accelerating inflation and workplace unrest. Add in concerns about commodity prices and global debt levels and it's easy to see why currency investors have sought the safe haven of the U.S. dollar.
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Wednesday, June 09, 2010
New Financial world 2012 and the End of Days Prophecy / Currencies / US Dollar
By: Christopher_Laird
We talked several months ago about how our estimate of when the USD really hits the fan came to be around 2012. That was an accident, not intentional. We mentioned then that we found that very intriguing. That is because the USD is so central to our present financial world that, if it fell apart, the outcomes would be so severe that the financial world, and even just how money works, would be turned upside down.
Tuesday, June 08, 2010
Weaker Euro May Kill Russian Ruble and Industry / Currencies / Fiat Currency
By: Pravda
The dollar rate may drop from the current level of 31 to 28 rubles per dollar by the end of 2012, whereas the Russian ruble may grow against major currencies of the world by 20 percent, a report from the Ministry for the Economic Development of the Russian Federation said. The growth of the Russian currency may occur even faster due to the weakening of the euro, the ministry’s moderately optimistic forecast for 2011-2013 said.
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Monday, June 07, 2010
Why a Rising U.S. Dollar Is Horrible News for China / Currencies / US Dollar
By: DailyWealth
Tom Dyson writes: Hugh Hendry is the famous British hedge-fund manager who predicted the banking crisis and made 40% in 2008. Every few months, Hendry writes a letter to his investors, called the Eclectica Monthly Letter. It's among the best financial commentary you'll find anywhere on the Internet.