Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Tuesday, October 06, 2009
U.S. Dollar Collapse Hysteria / Currencies / US Dollar
Robert Fisk lit the fuse with his hyperventilating narrative which appeared in Tuesday's UK Independent titled, "The Demise of the Dollar". The article went viral overnight spreading to every musty corner of the Internet and sending gold skyrocketing to $1,026 per oz. Now every doomsday website in cyber-world has headlined Fisk's "shocker" and the blogs are clogged with the frenzied commentary of bunker-dwelling survivalists and goldbugs who're certain that the world as we know it is about to end.
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Tuesday, October 06, 2009
Euro Dollar Bounces off Support Targetting Resistance / Currencies / Forex Trading
The Euro accurately reached the retest level that we specified as 1.4588 (yesterday's low 1.4592), and retested the broken channel successfully. Then it started rising and reached the important resistance 1.4720 this morning, which was specified as the most important target in yesterday's report (the high until the moment of preparing this report is 1.4716).Read full article... Read full article...
Tuesday, October 06, 2009
Ridiculous Hype Over Secret Arab Crude Oil Currency Meetings / Currencies / US Dollar
Once again everyone is hyperventilating over "secret" moves to trade oil in currencies other than the US dollar. Please consider The demise of the dollar by Robert Fisk.
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Monday, October 05, 2009
Euro /JPY Bear Pressure Mounts / Currencies / Forex Trading
Over the last few months the price action in EUR/JPY has been on the choppy side, with the 2009 recovery slowing ahead of a 50% retracement level. The Daily chart now appears to be on the cusp of giving a bear signal, which would further postpone any test/break of this key resistance.
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Monday, October 05, 2009
U.S. Dollar 50% Devaluation and IMF Part of Global Central Bank? / Currencies / US Dollar
“A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.”
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Monday, October 05, 2009
U.S. Dollar Doom or Boom?, How to Trade the Dollar Through the Stock Market / Currencies / US Dollar
Everywhere you turn, you hear pundits screaming that the U.S. dollar is ready to collapse and will be suitable only for confetti, wallpaper, and bird cage liner before you know it.
"Buy gold now before it's too late!" is heard from every goldbug and commodity investor on the planet.
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Saturday, October 03, 2009
Stock Market Reversal Bodes Well for U.S. Dollar / Currencies / US Dollar
The G-7 meets this weekend in Istanbul. So what’s on the minds of these leaders of the top industrialized countries of the world?
They’re all worried about currencies. Specifically, how currencies will impact their own recoveries and the recovery of the global economy.
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Thursday, October 01, 2009
Euro Dollar and Japanese Yen Trading for 1st October 2009 / Currencies / Forex Trading
The Euro is testing at this very moment the short-term support 1.4563, after dropping hard in the last half hour. This support is the last barrier before testing Fibonacci 50% which is at 1.4509. Short-term resistance is 1.4622, and breaking it would give another attempt to reach 1.47 (after yesterday's attempt). If 1.4563 is broken, then the falling correction will try to reach Fibonacci 50% support at 1.4509, or Fibonacci 61.8% at 1.4430.Read full article... Read full article...
Thursday, October 01, 2009
Helping the Fed Trash the U.S. Dollar / Currencies / US Dollar
Across the river is the great "City" of London...where finance is the #1 industry...
...where earnest men and women toil long hours in glass towers. What are they doing?
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Wednesday, September 30, 2009
The Supply of Oxen at the IMF / Currencies / Fiat Currency
Some years ago I penned a paper with the title "The Supply of Oxen at the Fed". I am indebted to Alan Greenspan for a great line in one of his speeches, entitled The History of Money, from where I borrowed my title. He wrote: "If fiat money falters, we may have to go back to oxen as our medium of exchange. In that event, I trust, the Federal Reserve will have an adequate inventory of oxen." My article was designed to reassure Mr. Greenspan that the supply of oxen at the Fed was very secure indeed, in no small measure due to his stewardship.
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Wednesday, September 30, 2009
U.S. Dollar Positive Divergence on the Weekly Chart / Currencies / Forex Trading
There is a strong trend. Negative divergences in an up trend or positive divergences in a down trend (between price and momentum oscillators that measure price) begin to show up on the weekly charts. Traders position themselves for a trend reversal as the divergences are indicative of slowing momentum. The reversal never comes, and the trend continues in the same direction often times accelerating as traders bail out of losing positions.
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Wednesday, September 30, 2009
Euro Dollar and Japanese Yen Forex Trading / Currencies / Forex Trading
The Euro stopped just below the most important resistance in yesterday's report 1.4639 (Asian session high was 1.4631). But even though, it is trading now above the falling channel, after it succeeded in breaking it. Still, we can spot a trendline that stopped the Euro, which is the rising trendline from inside the falling channel. We can clearly see that price stopped accurately at this line, running currently at 1.4639, the most important resistance for today as it was for yesterday.
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Tuesday, September 29, 2009
Euro Dollar Continues Short-term Trend Within Tight Channel / Currencies / Forex Trading
Moving steady inside the falling channel on the intraday charts, the Euro approached the top of the channel five times, without breaking it, which indicates that the falling trend (for the short-term is still safe. As long as price does not break this channel to the upside, the short-term downtrend will go on, and try to reach the end of the channel, which is below 1.45, during this week.Read full article... Read full article...
Tuesday, September 29, 2009
U.S. Dollar the One Investment That Might Be About to Bottom / Currencies / US Dollar
As I’ve noted several times on these pages, the US stock market and US dollar are trading at a near perfect inverse correlation. With stocks extremely overbought and reaching a critical point of potential resistance, any bounce in the dollar could kick off a rapid collapse in the US stock markets.
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Monday, September 28, 2009
Bernanke’s Grand Strategy to Let the U.S. Dollar Fall / Currencies / US Dollar
By now it should be abundantly clear to you that my warnings are coming to pass. Gold is acting firm, having made a new 12-month high above $1,000 an ounce, and within a whisker of a new record high.
And while it might not fully blast off yet, in time, it will — to well over $2,000 an ounce … then even higher to $3,000 … and ultimately, probably by the middle of the next decade, even to $5,000.
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Monday, September 28, 2009
U.S. Dollar Crashes Against Yen! Time to Act! / Currencies / US Dollar
Martin here with an urgent update on the dramatic events that took place late last week and what they could ultimately mean for you …
Just when the worldwide onslaught against the U.S. dollar seemed to be temporarily subsiding, a new round of attacks hit Friday — this time from Japan.
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Sunday, September 27, 2009
British Pound Devaluation Delusions / Currencies / British Pound
"It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued."
Harold Wilson, British Prime Minister, after the Pounds devaluation in 1967
"A weak currency arises from a weak economy which in turn is the result of a weak Government."
Gordon Brown, During the Pounds devaluation after it was withdrawn from the ERM
Friday, September 25, 2009
U.S. Dollar Forecast, Major Low in Q4 of 2011 / Currencies / US Dollar
The dollar will hit a major low in Q4 of 2011. Watch this short video and see how I came up with this bold forecast.
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Friday, September 25, 2009
US Dollar Index, What the Bulls Need To Happen / Currencies / Forex Trading
Over the last few months the Dollar Index has been grinding lower, recently reaching a Fibonacci projection we had been looking at. However, there is nothing bullish about the daily chart yet – there are certain hurdles that bulls need to get round before a recovery phase can be trumpeted.
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Friday, September 25, 2009
Does the Bank of England Want a Weak British Pound? / Currencies / British Pound
After a steep sell off against both the Dollar and the Euro in the wake of the financial crisis, the Pound began to bottom out during the 1st quarter of this year, as it became evident that other G7 economies were doing as badly as the UK, if not worse.
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