Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Friday, March 19, 2010
EUR/USD Recovery Off 61.8% Support Feeble So Far / Currencies / Forex Trading
We last looked at EUR/USD when the downmove was approaching a 61.8% retracement/ support level. It has proved effective in halting the bears but there has so far been a lack of enthusiasm to push through first key resistance and set in motion a better recovery phase.
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Wednesday, March 17, 2010
Fiat Currencies Devalue or Die Era is Picking Up Steam / Currencies / Fiat Currency
"It is a wise person that adapts themselves to all contingencies; it's the fool who always struggles like a swimmer against the current." ~ Source Unknown
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Tuesday, March 16, 2010
Feldstein and Goldman Sachs Say Buy Euro's Now / Currencies / Euro
Former European Commission President Romano Prodi this week said the worst of Greece’s financial crisis is over and other European nations won’t follow in its path.
The Sunday Telegraph also reported the European Union (EU) nations were preparing a “bailout package” for Greece that could exceed $34.4 billion as early as Monday the 15th, with Germany and France the main cash backers.
Monday, March 15, 2010
Is The U.S. Dollar Reversing Again? / Currencies / US Dollar
It's been a while since we did a video on the euro/dollar relationship. This relationship may be reversing again based on recent price action. In today's short video I point out some of the changes we see happening in this market.
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Monday, March 15, 2010
Strong Yuan Currency in China's Interest / Currencies / China Currency Yuan
The U.S. has pressured China for some time to allow its currency, the yuan, to appreciate. China, in our assessment, will not allow the yuan to appreciate at the request of U.S. policy makers, but rather when China deems it to be in its own national interest. Indeed, we believe this time has come.
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Monday, March 15, 2010
British Pound Heading for Another Black Wednesday Currency Crash? / Currencies / British Pound
Jon D. Markman writes: Outside of the earthquake rescue efforts in Chile and the Greek-rescue efforts in Brussels, the big news in the world economy last week occurred in currencies.
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Sunday, March 14, 2010
The Four Stages of the Prospective U.S. Dollar Bull Market / Currencies / US Dollar
Since last November, the dollar has climbed steadily against a basket of currencies — most notably against the euro. And based on my analysis, I think it’s just the early stages of this trend.
In fact, for many of the reasons I’ve discussed in past Money and Markets columns, the weight of evidence suggests that we’ve likely seen the bottom in the dollar, with a multi-year bull market ahead.
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Saturday, March 13, 2010
Marc Faber Says Cash is High Risk, U.S. Dollar Will Eventually Fall to Zero / Currencies / US Dollar
Marc Faber, publisher of the Gloom, Boom & Doom Report, reveals his views on the inflation/deflation, of the US dollar. Marc says, cash and treasury bond will lose and the winners will be foreign currency and commodities. Equities have some power to hedge inflation.
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Friday, March 12, 2010
U.S. Dollar Bulls Beware / Currencies / US Dollar
By late 2009, as the U.S. dollar flirted with multi-year lows against most foreign currencies, big investment players crowded into trades that shorted the greenback. Commentators noted that the anti-dollar momentum had taken on a life of its own and that the trade had become too crowded. It is true that markets have a nasty tendency to move against the crowd. When a lot of traders agree on a particular trade, it's more likely that in the short-run the opposite trade will be a winner.Read full article... Read full article...
Friday, March 12, 2010
Euro Sterling is Set to Go Further / Currencies / British Pound
The Euro has recently suffered a very pronounced period of weakness against both the US Dollar and the Japanese Yen but against Sterling it has remained strong throughout. Why is that?
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Friday, March 12, 2010
Potential Support in EUR/JPY Towards 76.4% / Currencies / Forex Trading
A bear move finally got going this year, after a prolonged choppy period in 2009. There are, though, signs that bears could be temporarily tiring now, so we begin to look closer for a recovery phase.
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Wednesday, March 10, 2010
Selling the Japanese Yen / Currencies / Japanese Yen
Apart from the fact that apparently the equity market never goes down anymore, the potentially most exciting technical set-up is selling YEN (buying USD/YEN) or being long, or adding to longs, in the UltraShort Yen ProShares (NYSE: YCS).
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Saturday, March 06, 2010
British Pound in for a Sharp Fall? / Currencies / British Pound
In my December 26 Money and Markets column I focused on the outlook for 2010, and the looming threats to global risk appetite. I warned that sovereign debt problems posed a major threat to global economic recovery. And I concluded that this threat represented a catalyst for a return of global risk aversion.
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Saturday, March 06, 2010
George Soros Wants To Destroy the European Currency / Currencies / Euro
George Soros, a billionaire and philanthropist, was accused of masterminding the financial plot, the goal of which is to send the European currency, the euro, down.
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Friday, March 05, 2010
EUR/CHF Bulls Waiting in the Wings? / Currencies / Forex Trading
After a dramatic breakdown at the end of 2009 the move lower has notably slowed this year. Clear technical support has recently been found, but bulls so far remain reluctant to move from the shadows.
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Thursday, March 04, 2010
Is the U.S. Dollar Really Safer Than the Euro? / Currencies / Fiat Currency
The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, while also serving to reinforce the notion of the USD’s position as the world’s reserve currency.
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Wednesday, March 03, 2010
Chinese Yuan v The U.S. Dollar: In The Case of Global Reserve Currency / Currencies / US Dollar
The practice of accumulating dollar reserves by the central banks has become more pronounced after the 1997 Asian financial crisis, when currency speculators hastened a balance of payments crisis in Thailand, Indonesia and South Korea by demanding dollars for local currency, depleting the central banks’ dollar reserves.
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Wednesday, March 03, 2010
U.S. Credit Turns to Debt, Will The U.S. Devalue The Dollar? / Currencies / US Dollar
The ability to wage war on credit gave the West an insurmountable advantage over the East. The West’s credit, however, has now turned to debt and the West has lost its advantage. But the return to parity will not be easy.
The three hundred year economic expansion fueled by debt-based capital markets is coming to an end and with it, the hegemony of the West over the East. During that period, debt-based paper money propelled first England then the US to world dominion because of the ability to wage war on credit and to print money ad infinitum.
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Tuesday, March 02, 2010
British Pound GBP Australian Dollar AUD Currency Analysis and Forecast 2010 / Currencies / British Pound
In response to a number of requests for an analysis of the Australian Dollar, this article seeks to conclude towards a forecast trend for the British Pound against the Australian Dollar for 2010. Thought readers should note that I neither track nor trade this currency cross and nor do I have the time to spend several weeks performing an in depth analysis of the Australian economy, therefore I am instead will relying upon existing analysis of the U.S. Dollar and GBP as a relative guide in terms of currency trends.
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Tuesday, March 02, 2010
Euro Dollar Cross Currency Analysis / Currencies / Forex Trading
We ended 2009 with the overriding consensus that the dollar was going to be under pressure and keep moving lower against the euro. Well guess what, the euro proved to be even weaker than the US dollar as it moved to levels not seen since May of 2009.
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