Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, April 07, 2009
U.S. Dollar Correction Higher Significant Selling Opportunity / Currencies / Forex Trading
By: ForexPros
The USD continued to correct higher trough today’s New York trade reaching the best levels of the day against the majors shortly after the London fix; despite the rise in the Greenback the majors held important S/R levels during the day and remains in two-way action into the close. Technical trade was the rule for the most part as the lack of economic news kept traders focused on near-time price levels with stops helping to drive most of the intraday action.Read full article... Read full article...
Monday, April 06, 2009
U.S. Dollar Yen Secret Relationship Revealed / Currencies / Forex Trading
By: INO
I have to admit, I love trading Forex. It's one of the most exciting and most profitable markets in the world. In today's short educational trading video on the dollar/yen (usd/jpy), I explain step-by-step how to analyze the dollar and its relationship to the Yen. I will also show you exactly what I think is happening right now in this relationship. Watch the video and see specific target zones where I think this cross is headed in the future. Read full article... Read full article...
Monday, April 06, 2009
U.S. Dollar More Downside Action Expected This Week / Currencies / Forex Trading
By: ForexPros
The USD is two-way to start New York after opening mixed in Asia overnight; follow-on selling of the Greenback pushed the majors to their best levels of the day in early Europe with the exception of the USD/JPY. USD/JPY continued to advance reaching a high print at 101.46, its best levels since October of last year. Traders note that the weekend launch of a ballistic missile by the North Koreans created light FTQ buying of the USD against some Read full article... Read full article...
Monday, April 06, 2009
The New Real Global Reserve Currency / Currencies / Global Financial System
By: David_Vaughn
Well! Well! Well! China is proposing getting rid of the US dollar to be replaced by a new global currency that would become the new international reserve currency. China wants to see stability in the currency mark ets and the US dollar is not providing this. Actually, China is very concerned about the new dollars being printed and their future impact on inflation. Read full article... Read full article...
Sunday, April 05, 2009
Carry Trade Over, But the Yen Still Goes Lower / Currencies / Yen Carry Trade
By: Money_and_Markets
Bryan Rich writes: For the past eight years, the carry trade — where investors borrow money from a country with low interest rates and invest it in places that provide higher returns — became extremely popular. And since Japan kept interest rates below one percent, the yen became the funding currency of choice for carry trade investors. Read full article... Read full article...
Friday, April 03, 2009
U.S. Dollar Devaluation is Inevitable, Just Like 1934 / Currencies / US Dollar
By: Submissions
Vronsky writes: It is evident to all the US economic environment is an unmitigated disaster. In fact we seem to be hell bent for leather falling into another Great Depression (the recent Bear Market Rally in Wall Street notwithstanding). This begs the question: What can President Obama do to avert the excruciatingly sad events of the 1930s?
Here are the economic problems causing havoc today in the USA:
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Thursday, April 02, 2009
Aussie Dollars Latest Boost / Currencies / Forex Trading
By: Ashraf_Laidi
Before exploring the latest boost to the Aussie, let's first go over today's surprisingly smaller than expected 25-bp rate cut from the European Central Bank. The ECB is likely to use the next 4 weeks in elucidating its intention to keep the door open for further conventional easing (rate cuts) and starting non conventional easing (asset purchases and extending term lending) as early as the next meeting. Currency markets are no longer subscribing to the much punditized notion that slower/ further ECB rate cuts keep it behind the curve at the expense of the euro. The realities of the market remain shaped by the positive impact of rising risk appetite on EUR, GBP, CAD, AUD, NZD at the expense of JPY and USD. Read full article... Read full article...
Thursday, April 02, 2009
The G20's Hidden Agenda of Devaluing the U.S. Dollar to Inflate Asset Values / Currencies / US Dollar
By: Money_and_Markets
Larry Edelson writes: I'm buried monitoring the markets … scrutinizing them virtually 24/7 … checking every piece of news I can get my hands on.
I also have three Dollar Index charts on my trading screen: A monthly chart, a daily chart, and a 60-minute chart to check the short-term moves.
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Thursday, April 02, 2009
U.S. Dollar Expected to Weaken Following G20 Communique / Currencies / Forex Trading
By: ForexPros
The USD ends mixed today after another volatile two-way session; some pairs extending their ranges during New York trade. Most action was ahead of the London fix as US fundamentals were released as well as overseas news reports from pre-G-20 meeting participants; traders note that volumes dropped significantly after the London fix exaggerating price moves into the end-of-day. Read full article... Read full article...
Wednesday, April 01, 2009
Currency Report, U.S. Dollar and Indian Rupee / Currencies / Forex Trading
By: Pumrath_Forex
Summary: Performance of US dollar against G-7 currencies continues to remain key driver of currency future movement in India. March month ended with wild swing in global currencies largely due to events and policy actions by major economies. The rupee jumped against US dollar in the middle of month as a result of announcement by US to buy bonds but failed to sustain at higher level as strong demand from importers emerged. Rupee is more likely to consolidate at 50-52 range in near term.Read full article... Read full article...
Tuesday, March 31, 2009
What Will be the Next World Reserve Currency? / Currencies / Global Financial System
By: Joseph_Toronto
- What exactly is a “reserve currency”?
- Replace the dollar as the world's reserve currency?
- Why the dollar will remain the most important reserve currency.
- What are the Chinese really up to?
Tuesday, March 31, 2009
U.S. Dollar Supported by Risk Averse Global Capital Flows / Currencies / US Dollar
By: Money_and_Markets
Jack Crooks writes: Last week's big news: The Federal Reserve announced they'd “officially” take up quantitative easing to finance the massive stimulus spending.
The Fed's decision to buy long-term Treasuries, soak-up more mortgage debt and open up the Term Asset-Backed Securities Loan Facility (TALF) for the sake of consumers and small business inspired optimism …
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Tuesday, March 31, 2009
U.S. Dollar Rally Due to Weak Equities Falters / Currencies / Forex Trading
By: ForexPros
The USD is holding gains in late New York as traders continue to digest weekend developments; focus is on the upcoming G-20 meeting which is expected to produce solid plans for addressing the developing global economic crisis but smart money is not anticipating anything concrete at this point. More interest is on how the ECB may move interest rates with a strong expectations of at least a 25 BP rate cut heavily factored in. In my view, any hint that the ECB will stand pat or make less than a 25 BP cut will likely fuel a short-covering rally although a case can be made for a “buy the rumor/sell the fact” rally anyway.Read full article... Read full article...
Monday, March 30, 2009
U.S. Dollar Rallies on Flight to Quality as Fundamentals Continue to Weaken / Currencies / Forex Trading
By: ForexPros
The USD firmed up overnight as follow-on selling found stops in the majors. Overnight news that Spain will offer its first bailout during the current financial crisis pushed EURO into stops under the 1.3200 area and below keeping the rate under pressure throughout the evening. Bids ahead of 1.3150 offered initial support but traders note more stops under the 1.3150 area are building. High prints in Asia at 1.3287 were offered by a US bank traders say. Adding weight are lower equities; markets reacting to news that the US government will not support the current plans by GM and Chrysler and may be looking for a bankruptcy. Traders note that investor confidence will likely take a hit on the news and expect further declines in equities during the day. Read full article... Read full article...
Monday, March 30, 2009
U.S. Dollar Index Stabilizes in April and Sell off in May / Currencies / US Dollar
By: Donald_W_Dony
Though the longer-term picture for the U.S. Dollar Index appears bleak, with a downside target of $0.80 to $0.81 by June, models suggest the short-term outlook indicates some upward pressure building in April. Resistance is set at $0.8670 during this expected advance. Monty Carlo simulation supports the models outlook with a 95% probability that the currency will trade outside of the $0.70 to $0.83 band over the next 100 days. Read full article... Read full article...
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...