Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, March 29, 2009
China Zhou Xiaochuan: We Need An International Currency / Currencies / Global Financial System
By: Ronald_R_Cooke
China wants to divorce the dollar. Good move. The dollar is on the brink of considerable depreciation. Premier Wen Jiabao is concerned looming inflationary pressures will sharply decrease the value of American debt held in Chinese banks. In order to encourage create greater monetary stability, Zhou Xiaochuan wants to create an international currency unit that can be used in trade as well as a standard against which other currencies can be pegged.Read full article... Read full article...
Sunday, March 29, 2009
An International Reserve Super Currency? Bretton Woods the Third / Currencies / Global Financial System
By: Oxbury_Research
March 24 (Bloomberg) -- China 's call for a new international reserve currency may signal its concern at the dollar's weakness and ambitions for a leadership role at next week's Group of 20 summit, economists said. Central bank Governor Zhou Xiaochuan yesterday urged the International Monetary Fund to create a “super-sovereign reserve currency.” The dollar weakened after the Federal Reserve said it would buy Treasuries and the U.S. government outlined plans to buy illiquid bank assets. Read full article... Read full article...
Thursday, March 26, 2009
U.S. Dollar Expected to Extend Losses Ahead of Negative GDP Data / Currencies / Forex Trading
By: ForexPros
A violent day was had by all today as the USD whipsawed in big ranges before ending the day mixed. Comments by Treasury Secretary Geithner combined with better-than-expected US data combined to confuse traders in both directions but USD bears appear to prevail into the end of the New York session. Speaking on the possibility raised by the Chinese of a one-world economic currency were deflected by Geithner into a possibility of increasing SDR money through the IMF were misinterpreted on face-value throwing the USD into a big slide against the majors extending lows back under important intraday S/R; the Greenback recovering against some pairs but not others as the day wore on.Read full article... Read full article...
Tuesday, March 24, 2009
U.S. Dollar Short-term Strength Evaporates / Currencies / Forex Trading
By: ForexPros
After a brief foray into positive territory the USD is back under threat heading toward the low end of the recent ranges in late New York. Traders note that today’s action has been mostly stop driven by small accounts attempting to run with momentum but getting caught both ways. Aggressive buyers of USD from the overnight session were rewarded by new lows in the majors into the London fix but large accounts were using the dip to add to working longs and the majors reversed back toward the mid-to-high end of their ranges today; USD/CAD making lows in the process. Read full article... Read full article...
Tuesday, March 24, 2009
U.S. Dollar Imminent Collapse.. Again? - Update 5 / Currencies / US Dollar
By: Nadeem_Walayat
The fall in the U.S. Dollar in the wake of the "Quantitative Easing" headlines has brought the Dollar collapse proponents back out of hibernation. However the actual dollar trend has shown little if any deviation from the road map of 20th Jan 09 as illustrated by the below original price chart which therefore at this point in time does not warrant an indepth update.Read full article... Read full article...
Monday, March 23, 2009
Currency Market Mayhem Amdist Stocks Bear Market Short Squeeze Rally / Currencies / US Dollar
By: David_Petch
Currency mayhem this week caused a rally in most commodities as the US dollar broke trend line support and headed lower in a sharp decline. Analysis today will clue into the expected trend of the US dollar over the coming weeks ahead. Read full article... Read full article...
Monday, March 23, 2009
U.S. Dollar Short-term Bounce Before Next Leg Lower / Currencies / Forex Trading
By: ForexPros
The USD opens New York mixed this morning, higher against Yen and lower against other pairs. Overnight equities were firmer lending some support to EURO and stocks are called higher to open New York suggesting better tolerance for risk after a quiet weekend. Overnight comments from ECB president Trichet were seen as positive for the EURO also but traders note the action so far has been largely technical two-way trade. High prints at 1.3737 again drew sellers with lows at 1.3611 attracting buyers on the dips. Russian names seen on the offer traders say suggesting a possible re-balancing of the Ruble basket. Read full article... Read full article...
Sunday, March 22, 2009
How China Could Use Currency as a Weapon / Currencies / China Currency Yuan
By: Money_and_Markets
Bryan Rich writes: China's currency policy is pretty far down the list of priorities for the U.S. Treasury staff. But it could be the turning point in this economic crisis — and for the worse.
Pressures on China to join the free market global economy on an equal playing field have intensified over the years. That's because during the last few decades, the artificially weak yuan had given China a distinct and unfair trade advantage, which helped propel its economy to become the third largest in the world.
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Thursday, March 19, 2009
U.S. Fed Buying Treasuries Triggering Massive Exodus Out of U.S. Dollar / Currencies / US Dollar
By: ForexPros
Is everybody happy? The US Fed today announced that they will be buying US Debt in huge amounts starting today and the result was a massive exodus out of the USD. Equities responded positively although more will need to be seen if investors view the progress as net-positive for equities near-term. Read full article... Read full article...
Wednesday, March 18, 2009
Economic Reflation Investing – Which Currencies Benefit? / Currencies / US Dollar
By: Axel_Merk
Reflation refers to policy makers' attempts to “reflate” the economy, to prop up what many would consider a broken system. Federal Reserve (Fed) Chairman Ben Bernanke made it very clear in his March 15 interview on 60 Minutes that he will attempt to stem the tide of market forces: Read full article... Read full article...
Wednesday, March 18, 2009
U.S. Dollar to Weaken on FOMC Announcement / Currencies / Forex Trading
By: ForexPros
The USD continued to consolidate today reaching highs against the majors in early New York but failing to advance into key bullish levels. The majors recovered after the London fix rising off lows and in some pairs flirting with highs into the close. Today’s PPI and Housing Data was benign helping to underpin the possibility that inflation is not a problem and housing is beginning to recover but more data will be needed according to most analysts. Read full article... Read full article...
Tuesday, March 17, 2009
British Pound Short Squeeze Possible Towards £/$1.50 Target / Currencies / Forex Trading
By: ForexPros
The USD ended the New York session lower but off early weakness as two-way technical trade dominated after US news this morning. A weaker NY Man. Index was offset by flat housing data today helping to keep a bid tone to equities lifting the major indices to key resistance during the day; USD traders sold the Greenback as risk-aversion mitigated a bit allowing the majors to hold moderate gains into the end of day.Read full article... Read full article...
Monday, March 16, 2009
U.S. Dollar Weakens as Flight to Safety Lightens / Currencies / Forex Trading
By: ForexPros
The USD is mixed to open New York today after starting mildly better in Asia overnight; traders note initial disappointment from the G-20 meeting which announced nothing new and appeared to be simply a re-hash of the current economic situation created a brief push higher for the Greenback. After testing previous resistance levels across the board the USD began a slide through European trade and is weak at the start of New York with the exception of USD/JPY. The rate is still holding the 98.00 handle after testing the 98.50 area of reported supply with stops noted above but offers continue to hold the rate back into an inside-range day so far. Read full article... Read full article...
Thursday, March 12, 2009
U.S. Dollar Topping, Aggressive Traders Should Sell the Dollar / Currencies / Futures Trading
By: ForexPros
Volatility was the rule again today but USD action was not as pronounced as yesterday’s whipsaw and the USD ended mixed against the majors to finish New York today. Most of the majors ended after testing important S/R areas and finishing the other side suggesting that the USD is continuing to top around current levels. Ending near the highs after a pullback during the day was GBP and EURO. Read full article... Read full article...
Wednesday, March 11, 2009
Forex Markets High Short-term Volatility / Currencies / Forex Trading
By: ForexPros
It was a wild ride in the major pairs today as the USD fell sharply ahead of the New York open only to reverse hard and make highs in some pairs ahead of the close; traders note that participants were caught “wrong footed” after the New York open and stops from late longs in some pairs liquidated trades done expecting a higher close in the majors. Read full article... Read full article...
Tuesday, March 10, 2009
U.S. Dollar Overwhelming Bullish Sentiment Signs of a Top / Currencies / Forex Trading
By: ForexPros
The USD is holding gains into the end of New York trading today after solid two-way action overnight put the Greenback on the offensive into this morning. Rising to new weekly highs against GBP and yearly highs against CAD; other major pairs remain range-bound and inside-range. Traders note that cross-spreaders for GBP pairs kept Sterling on the defense all day putting in a low print at 1.3741 before stabilizing back on the 1.3800 handle for most of the day. Investor confidence remains weak to start the week as equities remained under pressure and traders note some flight to quality buying of USD was seen but remind that the Greenback is over-bought in the near-term. Read full article... Read full article...
Monday, March 09, 2009
British Pound Plunged Through Support Levels Towards Fresh Dollar Lows / Currencies / US Dollar
By: ForexPros
The USD is higher this morning after a slow start on the defense in Asia, the majors making the best levels of the day ahead of European trade. The Greenback is making fresh highs against the majors in early New York as technical trade and cross spreaders pressure to the upside. Overnight equities markets were lower adding to the upside as well. Read full article... Read full article...
Saturday, March 07, 2009
Euro in Freefall as European Monetary Union Faces Collapse / Currencies / Euro
By: Money_and_Markets
Bryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. Having just celebrated its 10th birthday in a free-fall, the euro is being exposed for all of its structural weaknesses.
The euro is managed with a common monetary policy. But a fractured fiscal and political structure has left it without a full toolbox to fight hard times. And this chink in the armor is threatening to make the euro's life-span short.
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Thursday, March 05, 2009
US Dollar Shines in a Depression as China buys Metals / Currencies / US Dollar
By: Gary_Dorsch
“De-leveraging” and “Risk Aversion” are the buzzwords cited by many currency analysts, to explain the puzzling strength of the US-dollar, which has climbed by more than 20% since last July, despite the widely held view, that top Wall Street banks are insolvent and only surviving on artificial life support, and with the flow of credit badly constrained, the US economy is spiraling towards a “Great Depression.” Read full article... Read full article...
Wednesday, March 04, 2009
U.S Dollar Short-term Strength, Long-term Collapse / Currencies / US Dollar
By: John_Browne
When President Obama took over the reins of government just six weeks ago, he stood at a historic crossroads. His decision on which route to take will make a profound impact on the future of the American economy and its currency. He could have persuaded a frightened Congress to initiate a structural change that would transform the U.S. economy from its dependence on debt-fueled personal consumption back to a path of productive growth. Instead, he took the easy route: attempting to delay the pain with stimulus and inflation, rewarding his benefactors without truly addressing our structural deficits. Disappointing for a man who campaigned on ‘hope' and ‘change.'Read full article... Read full article...