Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Monday, July 20, 2009
EUR Pushes Higher Against U.S. Dollar / Currencies / Forex Trading
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level.Read full article... Read full article...
Monday, July 20, 2009
China's Unfair Currency Advantage, 29% of International Reserve Assets / Currencies / China Currency Yuan
Bryan Rich writes: China’s the largest country in the world by population, the third-largest economy and the third-largest exporter. It’s also the owner of over $2 trillion in foreign currency reserves.
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Friday, July 17, 2009
Currency Crisis, the Yuan to go Global! Gold will Rise! / Currencies / China Currency Yuan
Suddenly the pressure from China to change the world’s monetary order is pressing. At the G-8 China asked for the forum to debate proposals for a new global reserve currency! They were largely ignored! China’s rising presence in the global economy [$2 trillion reserves now] and the threatening weakness of the $ is prompting China to act in this way and with speed. Not only the Chinese but the French, Finance Minister and Central Bank President called for greater currency stability and a system to avoid piling up currency reserves as we see with the $. It is clear that more and more countries are objecting to the debasement of the U.S. $ through Trade deficits and Quantitative Easing.
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Friday, July 17, 2009
Fundamental Driver For the U.S. Dollar's Downfall? / Currencies / US Dollar
David A. Rosenberg, chief economist and strategist for Gluskin Sheff and Associates, writes a very nice (and free) almost daily commentary about the markets and economy. I am sure many of you read Mr. Rosenberg, but if you don't, you can sign up here.
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Friday, July 17, 2009
U.S. Dollar/ Yen Downside Risk / Currencies / Forex Trading
Last week important supports in USD/JPY were violated, swinging the directional bias in favour of shorter term bears. Now that the dust has settled we take a look at the current technical position of this market.Read full article... Read full article...
Thursday, July 16, 2009
Euro vs. the U.S. Dollar / Currencies / Forex Trading
Today I'll be looking at the Euro versus the US dollar.
The big question is, are all the "Trade Triangles" lined up for this trade? The answer is yes, and then some. In my new video I step you through a detailed analysis of this market.
Thursday, July 16, 2009
Imminent Erosion of U.S. Dollar Seawall / Currencies / US Dollar
The globe is losing patience with leadership and management of the USGovt ship at sea. They simple refuse to offer a credible solution to the primary keynote crack in the hull, falling housing prices and cratered mortgages, each of which work their destructive magic to wreck the banks. The home loan modifications are a farce, a travesty not designed to modify but rather to frame a series of loan forbearances. The motive for not fixing the mortgage mess is mysterious to the masses, but not here. Jackass claims have been consistent, that effective loan modifications would alter the underlying mortgage bonds drastically.
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Thursday, July 16, 2009
EUR/USD and USD/JPY Pairs Trading Update / Currencies / Forex Trading
EUR/USD The pair did push above some resistance within the longer term range yesterday which indicates a push towards 1.4200 is likely.
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Wednesday, July 15, 2009
What's Going on With the US Dollar Index / Currencies / US Dollar
While the US dollar was supposed to lose ground against its counter parties, the market has remained surprisingly stubborn and trapped in a sideways trading range.
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Wednesday, July 15, 2009
U.S. Dollar at Risk of Unraveling / Currencies / US Dollar
The Dollar Index (symbol: $DXY) is trading significantly lower this morning, and it is at risk of closing the week below three pivot points as seen on the weekly chart in figure 1.
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Wednesday, July 15, 2009
EUR/USD and USD/JPY Currency Trading for 15th July / Currencies / Forex Trading
EUR/USD The pair continued it's doldrums yesterday moving in a choppy fashion once again. Being in the middle of the range this is likely to continue.
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Monday, July 13, 2009
The U.S. Dollar Bear Market Trend into 2012 / Currencies / US Dollar
Larry Edelson writes: No doubt you’ve heard about last week’s G-8 Meeting in L’Aquila, Italy. And no doubt you’re hearing a lot of sound bites from the G-8 and the media about the U.S. dollar being a very hot topic at the meeting.
To be sure, the dollar is the central topic on most leaders’ minds right now. After all …
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Sunday, July 12, 2009
Financial Markets Giving Key Clues on Currency Trends / Currencies / Forex Trading
Bryan Rich writes: The financial markets have been highly inter-related since the current crisis unleashed fear and uncertainty starting in late 2007. And investors around the world went running for the doors … out of risky assets and into safety.
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Saturday, July 11, 2009
How To Create a New World Reserve Currency / Currencies / Fiat Currency
Gary North writes: For several months, there have been news reports of announcements by bureaucrats in China and politicians in Russia about the need for a new reserve currency to replace the U.S. dollar. One suggestion: substitute the non-currency known as the SDR (special drawing rights) of the non-governmental, non-central bank IMF (International Monetary Fund).
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Saturday, July 11, 2009
Forex Trading USD vs AUD / Currencies / Forex Trading
We are taking a trip down under today.
It has been sometime since we last looked at the relationship between the US dollar and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our "Trade Triangle" technology.
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Friday, July 10, 2009
What's Next for the U.S. Dollar Japanese Yen Relationship / Currencies / Forex Trading
Today we are looking at a market we have not looked at for quite some time. I am of course referring to the Japanese Yen US dollar relationship.The video I have just completed is less than four minutes long and it will give you a good idea as to what the next major direction will be for the dollar against the Yen.
Friday, July 10, 2009
Bull Signal in U.S. Dollar /Rand / Currencies / Forex Trading
In Tuesday’s FX Trading Guide we noted several bullish clues in the USD/ZAR chart. We had switched from a Bearish to Sidelined stance and now, following the gains seen this week, we are able to Go Bullish.
Wednesday, July 08, 2009
Japanese Yen, JPY Moving Higher / Currencies / Japanese Yen
After having remained in a seemingly directionless trading range within the last few weeks, the price of the Japanese Yen is currently behaving in a bullish way, as evidenced by its rising prices in the last days (rising prices in the Japanese Yen Future are mirrored by falling prices in USD/JPY).
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Wednesday, July 08, 2009
EUR/USD Recent Lows Hold / Currencies / Forex Trading
The pair once again tested the support area in early trading today after choppy trading yesterday.
The lows have been tested and appear to have succeeded in holding, which means the bias is upwards for today.
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Tuesday, July 07, 2009
How Long Can the U.S. Dollar Defy the Law of Gravity? / Currencies / US Dollar
In the midst of the longest and deepest, post World-War II recession, America’s financial position with the rest of the world has deteriorated sharply. Three decades of massive trade deficits have turned the United States from the world’s top lender to the world’s largest debtor, - and dependent upon the whims of the so-called emerging nations, laden with huge foreign currency reserves, to finance the bailout of Wall Street Oligarchs, and President Barack Obama’s social programs.
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