Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, October 30, 2009
Yuan Currency Swap / Currencies / China Currency Yuan
By: Mike_Hewitt
On March 23, 2009, China made public announcements to overhaul the global monetary system, thereby questioning the role of the US dollar as the reserve currency.1 Chinese officials have gone on record saying they want to move the global currency peg away from the dollar in favour of currency diversification as indicated by China's push for OPEC to price oil in a basket of currencies (including the yuan) instead of dollars.
Friday, October 30, 2009
Eastern European Currency Crisis Could Send Gold Soaring Despite a Rising Dollar / Currencies / Gold & Silver 2009
By: Mike_Shedlock
In Gold And The Watched Pot Theory I versed the following opinions on currency fluctuations:
Might the US dollar blow up? Yes it might. But so could the RMB if China floated it, and so could the British pound. No one seems to see the crisis brewing in Japan with a huge demographic problem, a shrinking population, falling exports, and no way to pay back its national debt.Read full article... Read full article...
Friday, October 30, 2009
U.S. Dollar the Coca-Cola of Monetary Brands says James Grant / Currencies / US Dollar
By: DailyWealth
Chris Mayer writes: The U.S. dollar is a sort of monetary brand.
And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their "must-have" cachet. Sometimes, a brand can disappear entirely, as did Pan American Airways or "Members Only" jackets. But there is always something else waiting to take its place. So it is with the U.S. dollar, a brand making lows in the financial markets.
Friday, October 30, 2009
Forgotten Fiat Currency Anniversary, One Hundred Years of Legal Tender / Currencies / Fiat Currency
By: Professor_Emeritus
An Address at a Fund-Raising Dinner for the benefit of the Ficino School, Auckland, New Zealand October 28, 2009
The year 2009 will most likely expire without commemorating the centenary of a most momentous event in history that figures prominently as the main cause of the Great Financial Crisis of the century. This event was the so-called legal tender legislation in 1909. The bank notes of both the Banque de France and the Reichsbank of Germany were made legal tender by law, first in France and then, a very short time later, also in Imperial Germany. The rest of the world followed suit. In this way all roadblocks were removed in the way of financing the coming world war through credits and monetizing the resulting debt through the issuance of bank notes.
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Thursday, October 29, 2009
Currency Traders Await Japan Interest Rates Decision / Currencies / Forex Trading
By: ForexPros
Traders await tomorrow’s announcement (Oct 30) by the Bank of Japan’s Monetary Policy Committee (MPC) on the new monthly short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
Wednesday, October 28, 2009
SDR Global Currency Power Shift Underway / Currencies / Global Financial System
By: Doug_Wakefield
On Monday, November 2nd, it will have been seven months since the G20 met in London to expand the international currency known as the Special Drawing Rights. If you want to brush up on the background of this international currency, our November 2008 newsletter, states:
Wednesday, October 28, 2009
EuroDollar Testing Key Near Term Support / Currencies / Euro
By: Mike_Paulenoff
The euro continues to press lower, but let’s notice that the price structure is nearing a test of important support along the March-October up trendline, now at 1.4680, which must contain the weakness to avert a press to test the rising 50 DMA, now at 1.4625. If dollar strength, commodity weakness, bond strength and equity weakness remain connected at the hip, then the results of the test of major trendline could have extremely significant near- and possibly intermediate-term consequences. The ETF for the dollar is the PowerShares DB Dollar Index Bullish (NYSE: UUP) and for gold is the SPDR Gold Shares (NYSE: GLD).
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Wednesday, October 28, 2009
U.S. Dollar Future and a World Currency / Currencies / US Dollar
By: Thomas_R_Eddlem
Some very big questions
With the USD fluttering around 76 on the US Dollar currency basket index, the USDX it’s a good time to pontificate on its near term future, and longer term future. Gold’s big rally since 2002 begs a lot of major questions.
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Wednesday, October 28, 2009
U.S. Dollar Trend Awaits Labor Initial Jobless Claims / Currencies / Forex Trading
By: ForexPros
The U.S. Department of Labor will publish the weekly Initial Jobless Claims report tomorrow (Oct 29).
The report is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
Wednesday, October 28, 2009
Will the U.S. Dollar Still be Worlds Reserve Currency in Five Years Time? / Currencies / US Dollar
By: Mike_Whitney
Interview with Menzie Chinn
Mike Whitney: What is the present composition of reserve holdings in central banks--and has there been a substantial falloff in US dollar reserves in recent years? (Are central banks ditching the dollar?)
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Tuesday, October 27, 2009
U.S. Dollar Index Elliott Wave Analysis Update / Currencies / US Dollar
By: Alistair_Gilbert
One of the wonderful things about watching and trading currencies is the frequency with which they comply to Fibonacci retracements. Part of the reason is that the foreign exchange market is the most liquid and the most widely traded on a global basis, so Elliott Wave analysis, which is based on mass crowd psychology, works best.
Tuesday, October 27, 2009
U.S. Dollar Further Positive Developments on the Forex Markets / Currencies / Forex Trading
By: ForexPros
The U.S. Census Bureau will publish the Monthly Core Durable Goods Orders report tomorrow (Oct 27th ). The report 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.
Monday, October 26, 2009
The War on the U.S. Dollar / Currencies / US Dollar
By: Martin_D_Weiss
Last week, I showed you the most shocking numbers I’ve seen in my lifetime:
Up until the day Lehman Brothers collapsed in September of last year, it took the Fed 5,012 days — 13 years and 8 months — to double the cash currency and reserves in the coffers of U.S. banks.
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Monday, October 26, 2009
The War Over the U.S. Dollar Versus Gold / Currencies / US Dollar
By: Clif_Droke
A fierce war of words has erupted in recent weeks between the two major camps in monetary circles. The first camp – the gold bulls/dollar bears – have been loudly voicing their twin belief that the gold price is poised to skyrocket while the dollar price is perched for a collapse. The other side – the gold bears/dollar bulls – are making the counter claim the gold price is setting up for a crash.
Monday, October 26, 2009
U.S. Dollar Alert, Revenge of the Greenback? / Currencies / US Dollar
By: Clive_Maund
The dollar is at a crossroads and there are two probable scenarios. One is a final plunge following the recent grinding decline to an intermediate low that is followed by an intermediate reversal. The other is that it suddenly breaks out upside from the severe downtrend it has been stuck in since early March and rallies strongly, strongly because it is likely to be juiced by a sudden wave of panic short-covering.
Monday, October 26, 2009
Please Mr. Geithner, Don't Pass the Buck on the U.S. Dollar / Currencies / US Dollar
By: Michael_Pento
It seems nobody in this country wants to take responsibility for the secular decline in the value of the U.S. dollar. When Fed Chairman Ben Bernanke is asked about the currency's decline, he refers the query to the Treasury Department. When the president is asked about the dollar, he often gives the tired old platitude that the U.S. has a strong dollar policy, but his vacuous words seem more like perfunctory utterances than a bona fide dollar-boosting strategy.
Monday, October 26, 2009
U.S. Dollar Slowly Firming Against Japanese Yen and Euro / Currencies / Forex Trading
By: ForexPros
The National Australia Bank (NAB) will publish its Quarterly Business Confidence report tomorrow (OCT 27).
The report measures the current business conditions in Australia by analyzing the economic situation in the short term.
Sunday, October 25, 2009
The Vague Future of the Russian Ruble / Currencies / Russia
By: Pravda
The "profitable" Russian ruble is trying to strengthen its position against the US dollar. The situation in the internal currency market in Russia is still affected by the external environment and speculative intentions of investors. Although the prospects of further strengthening of the Russian currency are increasingly obscure, analysts believe that the price of 29 rubles per US dollar is unattainable in the near future.
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Sunday, October 25, 2009
U.S. Dollar Collapse Update, Obama Demanding Payment in Euros! / Currencies / US Dollar
By: Mike_Whitney
The "dollar debate" on the Internet has been ferocious and emotionally-charged, but sadly lacking in logic. To oppose the "dollar will crash" theorists is like arguing a woman's right to choose with the fist-waving throng assembled outside an abortion clinic. The results are equally disappointing. To say that "minds are already made up and the issue is settled", is an understatement. For many, the dollar's transition from the world's reserve currency to a Wiemar era Deutschemark is not a question "if" but only of "when". One reader summed up the distrust that's felt for anyone who dares to challenge the prevailing dogma like this:
Friday, October 23, 2009
King Dollar Forced to Abdicate / Currencies / US Dollar
By: Peter_Schiff
For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It's only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times.