Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, January 07, 2010
Gold or U.S. Dollar? / Currencies / US Dollar
By: Mike_Paulenoff
The chicken or the egg? Which is which: gold or the dollar? My work is telling me to watch the $$$, and the rest will take care of itself. From a technical perspective, let's notice that the daily dollar index (DXY) has been consolidating at the high end of its Nov-Dec upleg, which has taken the form of a bullish continuation pattern. If my perception of the pattern proves accurate, then the DXY is on the verge of upside acceleration that will resume its Nov-Dec rally-- on the way to 80.00 next.
Thursday, January 07, 2010
Local Currencies, Not Washington Post Platitudes, the Key to Economic Recovery / Currencies / Fiat Currency
By: Richard_C_Cook
Steven Pearlstein, business columnist for the Washington Post, published a column on January 6 entitled, “Recession Over? Not Unless We Make a Major Shift.” The problem is that the “major shift” Pearlstein writes about won’t solve the problem even if it takes place.
Thursday, January 07, 2010
U.S. Dollar Sobers Up Despite Fed PunchBowl / Currencies / Forex Trading
By: Ashraf_Laidi
The US dollar builds on its newly acquired robustness amid the FOMCs modest economic upgrade with regards to labour markets and the reiteration of the Feb 1st 2010 deadline as the expiry for the various liquidity operations. Although the FOMC statement maintained the phrase exceptionally low levels of the federal funds rate for an extended period, the overall tone was more than sufficient for the greenback to extend its upward trajectory, especially amid the rapid concentration of Eurozone-centric credit and banking problems cast a pall on the non-USD block.
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Tuesday, January 05, 2010
Euro and Yen Currency Trading for 5th Jan / Currencies / Forex Trading
By: ForexPros
Traders of the USD await the publication of the FOMC Meeting Minutes tomorrow (Jan 6).
The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so Currency traders carefully comb them for clues regarding future interest rate shifts.
Monday, January 04, 2010
Yen Breaks Resistance as Euro Tests Support / Currencies / Forex Trading
By: ForexPros
Fundamental Analysis: German Unemployment Change
The EUR will be affected by the publication of the German Unemployment Change tomorrow (Jan 5).
The German Unemployment Change measures the change in the number of unemployed people in Germany. A rise trend indicates weakness in the labor market and has a negative affect on consumer spending and therefore on the economic growth.
Saturday, January 02, 2010
Sovereign Debt Crisis Could Cripple the Euro During 2010 / Currencies / Euro
By: Bryan_Rich
For the better part of 2009 the U.S. dollar was the world’s most hated currency. But it’s looking increasingly likely the tables could turn in 2010. And the euro could take over that unenviable title.
Wednesday, December 30, 2009
Euro Dollar Rally Unable to Maintain Momentumn / Currencies / Forex Trading
By: ForexPros
The Chicago PMI will be published tomorrow (Dec 31).
The Chicago Purchasing Managers Index determines the economic health of the manufacturing sector in Chicago region.
Any reading above 50 indicates expansion of the manufacturing sector, while a reading below 50 indicates contraction.
The Chicago PMI can be of some help in forecasting the US ISM and usually has an impressive correlation with it.
Tuesday, December 29, 2009
U.S. Dollar Collapse 2012 / Currencies / US Dollar
By: Christopher_Laird
Devolution of the USD 2012? - As the first public article for me just before 2010, it seems appropriate for me to comment on one of the biggest stories we will be all facing – that is an end game of events leading to the end of the USD. The implications for the world are no less than Armageddon – like. I mean it.
Tuesday, December 29, 2009
Euro Dollar and Japanese Yen Forex Trading for 29th December / Currencies / Forex Trading
By: ForexPros
Traders of CHF await the publication of the KOF Leading Indicators tomorrow (Dec 30).
The KoF Leading Indicators Index determines overall economic health by combining 12 indicators related to consumer confidence, banking confidence, production, new orders and housing.
Monday, December 28, 2009
EUR and JPY Currency Trading for 28th Dec / Currencies / Forex Trading
By: ForexPros
The CB Consumer Confidence report will be published tomorrow (Dec 29).
The Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism.
Saturday, December 26, 2009
British Pound GBP Forecast 2010 Targets Drop to Below £/$1.40 / Currencies / British Pound
By: Nadeem_Walayat
This is the next in a series of analysis as part of my unfolding inflationary mega-trend scenario towards the formulation of 2010 forecasts for inflation, interest rates and economy. I aim to complete the whole scenario and implications of before the end of December which will be published as an ebook that I will make available for FREE. Ensure you are subscribed to my always free newsletter to get the latest analysis in your email box and check my most recent analysis on the probable inflation mega-trend at http://www.walayatstreet.com
Thursday, December 24, 2009
Euro Dollar Attempting to Break Above Resistance / Currencies / Forex Trading
By: ForexPros
The Euro broke the resistance specified in yesterday’s report 1.4298, but it stopped half way between the support & the target, as the high in the past 24 hours was 1.4365, a few pips below short term resistance 1.4371. This morning the price came back close to this resistance that we consider as resistance of the day, and breaking it would confirm the upward direction that started by breaking the descending channel.Read full article... Read full article...
Wednesday, December 23, 2009
Euro Dollar Expected to Continue Making Fresh Lows / Currencies / Forex Trading
By: ForexPros
Traders await the announcement of the Core Durable Goods Orders tomorrow (Dec. 24).
The Core Durable Goods Orders measures the change in the total value of new orders for durable goods, excluding transportation.
Because aircraft orders are very volatile, the core number gives a better gauge of orders trends.
Higher reading indicates activity increase by manufacturers.
Tuesday, December 22, 2009
Euro Breaks Support / Currencies / Forex Trading
By: ForexPros
The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutes will be published tomorrow (Dec 23). The minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier.
It gives a picture of economic conditions in the UK.
It also records the votes of the individual members of the Committee
If the BoE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.
Monday, December 21, 2009
Euro Dollar Breaks Support Ahead of Quarterly GDP Data / Currencies / Forex Trading
By: ForexPros
Tomorrow, Dec 22, the Gross Domestic Product will be published in the UK, USA and New Zealand.
The Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the currency, while a lower than expected reading should be taken as negative/bearish for the currency.
Sunday, December 20, 2009
U.S. Dollar Grinds Higher after Convincing Breakout / Currencies / US Dollar
By: Mark_Brown
Sometimes, as traders, we need to stop and do a double-take, especially when a long-depressed commodity or currency suddenly begins to rise sharply. In the case of the US Dollar index (DX), there were most likely thousands of double-takes, as disbelieving traders took a second, third and even a fourth glance at this key currency’s daily and weekly charts. Yes, this Dollar breakout appears to be the real deal, one destined to run even higher in the weeks just ahead, and it might pay for us to invest a little time now and see if we can anticipate the Dollar’s next area of significant overhead resistance.
Sunday, December 20, 2009
Has the U.S. Dollar Bottomed? / Currencies / US Dollar
By: Bryan_Rich
For much of 2009, the dollar has been the Tiger Woods of global currencies. There has been a relentless snowball of negative sentiment. And for a period of time, seemingly everyday something new, bigger and more shocking about the buck was being circulated through the media.
As Tiger can attest, when it rains, it pours …
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Sunday, December 20, 2009
Euro Single Currency and the Pseudo Gold Standard / Currencies / Euro
By: Phill_Tomlinson
The Euros showing signs of stress lately. The Dollar climbed to $1.43, its highest in three months as the fiat race to the bottom continues. Greece's sovereign debt was downgraded with the third generation of a Papandreou residing at the helm in what looks to be another Greek catastrophe. Spain somehow continues to mask the mess it finds itself in. At some point the poison will inevitably seep through. Meanwhile with regards to the other PIIGS (yes thats two i's, Ireland and Italy) we find Ireland have launched their second cost cutting budget in an attempt to appease the other 'sounder' Euro states.
Friday, December 18, 2009
U.S. Dollar Rally for Real? / Currencies / US Dollar
By: Sy_Harding
In this column in September, I wrote of how the U.S. dollar has been in a long bear market since 2001, while investors and traders were acting as if the dollar’s decline had just begun this year. Betting against the dollar had become the talk of the financial media, with “Sell the dollar, buy the Euro” the most popular advice from analysts.
Friday, December 18, 2009
US Dollar Bulls Stirring, But Not Yet Wide Awake / Currencies / US Dollar
By: Seven_Days_Ahead
Over the last few months the US Dollar Index has continued to grind lower, recently reaching/eroding a long term 76.4% ‘support’ level. Subsequent to this there has been a positive reaction, with s/term bull signals beginning to mount.