Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, May 10, 2010
EES Abandons CHF – is EUR/CHF Controlled by the SNB? / Currencies / Forex Trading
By: Elite_E_Services
The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0945 level and was supported around the CHF 1.0840 level. Data released this weekend confirmed the Swiss National Bank has spent more than CHF 40 billion to buy euro this year with CHF 30.2 billion in franc sales in the first quarter alone. Data Swiss National Bank President Hildebrand last week said the SNB will continue to counter any “excessive” gains of the franc, noting there would be a “negative impact” if the franc appreciates “sharply due to its role as a safe haven currency.” Read full article... Read full article...
Sunday, May 09, 2010
Europe WANTS a Lower Euro / Currencies / Euro
By: Bryan_Rich
The euro is in devaluation mode … in a sharp 17 percent decline against the dollar over the past five months. And I’ve written extensively on why, and why it still has further to go.
Now I believe a covert policy decision has been made by the European Central Bank (ECB) to use currency devaluation as a tool for the European monetary union (Emu) to survive.
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Sunday, May 09, 2010
E.U. Finance Ministers Battle to Defend the Euro Against Speculators / Currencies / Euro
By: Mike_Shedlock
EU finance ministers are meeting this weekend in a mad race to Defend the Euro, whatever it takes.
On Friday, French President Nicolas Sarkozy Vowed to "Confront Speculators Mercilessly" via Secret Plans he could Reveal.
Saturday, May 08, 2010
Euro Crisis, Central Bankers Dream of Economic Decoupling / Currencies / Euro
By: Michael_S_Rozeff
It begins with government fiat. Money is mostly electronic. It is mostly "e". It is mostly a series of 0s and 1s in memory banks. Everyone by fiat must accept e-money in payments. It is made into legal tender.
We live in a world of central banks and fiat money. Central bankers are at the core of one portion of a larger government-created political economy. They are the department given the power to create and destroy the electronic bank reserves of ordinary banks. These reserves are nothing more than an e-credit asset account in an ordinary bank's computer memory and an offsetting e-liability account in the central bank's hard drive.
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Friday, May 07, 2010
Lower Support Sought in EUR/USD After 76.4% Failure / Currencies / Euro
By: Seven_Days_Ahead
In this week’s FX Specialist Guide we had been looking closer for evidence of support, on the approach to 1.3000. However, in a sign of bears’ current strength, this level was quickly violated, calling for lower chart levels in what looks to be developing nicely into a second medium term bear leg.
Thursday, May 06, 2010
What if the EuroZone Breaks Up? Looking to the Collapse of the Soviet Union for Answers / Currencies / Euro
By: John_Mauldin
Let's have a thought game. What if the Eurozone breaks up? My friend and very serious philosophical thinker Charles Gave (of GaveKal) thinks that would be a positive event. To quote his conclusion:
"But we return to the most simple of questions, namely: Was the end of the USSR a negative event? When Americans stopped wasting capital building empty condos in Florida or Arizona, was that bad news? If, like us, our reader answers "no" to the above questions, then the Greek crisis should be seen as a reason for hope, rather than despair."
Wednesday, May 05, 2010
The Fiat Money End Game / Currencies / Fiat Currency
By: Michael_S_Rozeff
Jim Sinclair has a slogan "QE to infinity." That's "Quantitative Easing to infinity." That's inflation to infinity. That's the case for gold and silver in a nutshell. I think he's right. I'd like to explain why I think he's right, but in a roundabout way that gives me a chance to express some of my thoughts on the financial crisis we are observing.
Wednesday, May 05, 2010
America's Failed Dollar Strategy, Greek Debt Crisis Will Slow the Yuan's Advance / Currencies / US Dollar
By: Money_Morning
Keith Fitz-Gerald writes: Poor Tim Geithner.
Pushed by angry U.S. legislators anxious to brand China as a "currency manipulator," the U.S. Treasury secretary tried to strong-arm China into revaluing the yuan - all because of an assumption that the Asian giant wasn't allowing its currency to appreciate.
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Tuesday, May 04, 2010
Euro in Decline, Possible Headwind for Gold GLD ETF / Currencies / Euro
By: Mike_Paulenoff
Let's notice that the euro has pressed below the up trendline that originated in 2002, and cuts across the price axis this week at 1.3080. Today's plunge to a new bear phase low at 1.3020 has violated the trendline; however, in that this is a weekly chart, it remains to be seen if euro/dollar will close the week beneath 1.3080. If yes, then the euro should head still lower into the area of the Nov. 2008 to March 2009 lows, in the vicinity of 1.2800 down to 1.2400.
Monday, May 03, 2010
U.S. Dollar Doomsday Crash 2010, Protect Your Wealth With Gold / Currencies / US Dollar
By: Larry_Edelson
If you think that what’s happening to the bankrupt economies of Greece, Portugal, and Spain are merely a sideshow in this great financial crisis, it’s only fair to warn you:
The facts I reveal in this bulletin are shocking … shameful … and, to anyone who cares as much about this nation as I do, deeply disturbing.
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Saturday, May 01, 2010
The Euro Is Screwed, Investors Seek Gold Safe Haven / Currencies / Euro
By: David_Galland
Kevin Brekke and David Galland, The Casey Report write: On April 22, Eurostat, the statistical arm of the European Union, released figures on EU member states’ government deficits and debt for 2006-2009. The European Commission requires member states to report certain data every April.
Friday, April 30, 2010
If the Euro Collapses, What Will Happen to Fiat Currencies? / Currencies / Fiat Currency
By: Julian_DW_Phillips
Let us start off by saying that we do not see the Euro collapsing and being shelved, at least not yet, anyway. No exit process was written into their rules anyway. But it is technically possible, so better to be forewarned. What would prompt such a collapse? The future of the Euro lies in the hands of its members, especially Germany - the richest and strongest member of the Eurozone. It would be because the leading member [Germany]) felt it to be in their national interest(s) to let it fall.
Friday, April 30, 2010
Euro Crisis a Death by A Thousand Day Trades / Currencies / Euro
By: Christopher_Quigley
Labour unrest, collapsing employment, bankrupt public coffers, riots and sovereign debt default.
This all might seem unexpected however in 1995 a former European Union economist Bernard Connolly foretold it all in his classic book “The Rotten Heart of Europe.” Connolly was hounded out of his elite job for telling the truth about the lies and obfuscation regarding the ERM (Exchange Rate Mechanism), the forerunner of the Euro. He knew that his instincts and training as a professional economist were telling him that the Euro would be a disaster for Nation States yet he was not allowed to articulate his genuine concerns.
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Friday, April 30, 2010
USD/CAD Slide Stalls At Long Term 76.4% / Currencies / Canadian $
By: Seven_Days_Ahead
USD/CAD bears have continued to dominate, with recovery attempts soon petering out. A long term 76.4% pullback level has now been reached, with the market pausing here, and we currently await better reaction.
Friday, April 30, 2010
Is It All Over for the Euro? Forex Trading Video / Currencies / Euro
By: INO
Things have been bad in Europe recently. Between the travel restrictions due to the volcano and ash, as well as Greece not wanting to conform to strict fiscal policies, problems are adding up and adding weight onto the euro.
Thursday, April 29, 2010
Chart Du Jour Greek Drachma vs Euro / Currencies / Global Debt Crisis
By: Dian_L_Chu
Europe's hopes of containing the crisis dimmed as Spain became the third euro-zone nation to be hit with an S&P downgrade in just two days, following steeper cuts on Portugal and Greece.
Thursday, April 29, 2010
U.S. Dollar Mixed After Fed Leaves Interest Rates Unchanged / Currencies / US Dollar
By: LiveCharts
The Fed concluded its Board meeting Wednesday afternoon (April 28) by announcing that it was leaving interest rates unchanged with the key funds rate near zero per cent. The announcement is not surprising given most of the Central Bank leaders’ commitment to leave rates low for an ‘extended period’, but it is interesting to see following a month long crusade by a few economists and leaders to advocate for raising rates to stave off inflation.
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Tuesday, April 27, 2010
Implications of Chinese Yuan Currency Appreciation / Currencies / China Currency Yuan
By: Axel_Merk
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, April 26, 2010
The Fall Of The Euro / Currencies / Euro
By: Howard_Katz
Many a weekend since the beginning of the year has been occupied by a “crisis” in the euro. But this weekend’s “crisis” seems to be the mother of them all. As such, it will probably put an end to them, and the gold market will pull out of its funk and resume its bull trend.
Sunday, April 25, 2010
A Closer Look at China's Currency Manipulation / Currencies / Fiat Currency
By: MISES
Jonathan Finegold Catalán writes: There is much disagreement on how the United States should deal with China's persistent devaluation of the yuan. Worse, there is still substantial confusion on the actual effects of an undervalued yuan on capital markets, "trade deficits", and the economy in general. The most widely accepted and common theory goes something like this: currency devaluation helps China by boosting its exports, and hurts the United States by widening the "trade deficit." Indeed, President Barack Obama recently suggested that the United States needed "to make sure our goods are not artificially inflated in price and their goods are not artificially deflated in price; that puts us at a huge competitive disadvantage."