Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, January 14, 2009
British Pound Falls Sharply Across the Board / Currencies / Forex Trading
By: ForexPros
The USD continued to grind higher finding light stops in thin volume as the Majors retreated during New York trade. As equities sold off after the release of better-than-expected Balance of Trade data this morning USD/JPY rose to 89.89 high print before dropping back slightly to hold back above the 89.00 handle for most of the day. High prints were only challenged once as the rate was unable to hold the 89.00 handle into the close suggesting that short-covering has not provided enough impetus to hold the rate firm off the 2008 lows; traders now expect the rate to challenge the 87.00 handle near-term before making for a new 2009 low. Read full article... Read full article...
Tuesday, January 13, 2009
U.S. Dollar Continues Firmer Trend / Currencies / Forex Trading
By: ForexPros
After starting better this morning after a firmer overnight session the USD ends mixed as technical two-way action and thin conditions continue to dominate near-term. Traders note that some price action was “unexplainable” today, such as a fast 80 point rally shortly after the London fix in EURO which immediately fell back but the damage was done; the 1.3400 handle traded and that is important to the chart-watchers after the low prints at 1.3289 traded early in the day. Aggressive traders can buy EURO on any test of the lows under the 1.3300 area in my view. Read full article... Read full article...
Saturday, January 10, 2009
Gold Rules Supreme as Fiat Currencies Competitive Devaluation Looms / Currencies / Fiat Currency
By: Ty_Andros
The Crack Up Boom, Part XIV - First I want to wish everybody a Happy and Prosperous New Year.
For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period. “Volatility is OPPORTUNITY” and it is still set to skyrocket as G7 Public servants, financial and banking sectors and their crony capitalist campaign supporters try to escape INSOLVENCY and transfer it to the public. Ultimately they will fail, but the process may take several more years as they BELIEVE they have the ability to print money and create credit out of thin air endlessly.
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Saturday, January 10, 2009
British Pound Heading for a Record Low Against the Euro / Currencies / British Pound
By: Econgineers
In less than 18 months the British Pound has lost 30% of its value. What used to be a steady and constant trading range is now a steep downtrend. The fundamentals behind this price-action; negative macroeconomic outlook, increase in unemployment, drastic decrease in net lending, slowdown of general demand affecting retail and industrial activities, have decrease confidence in the UK’s economy, invariably impacting money flow even further.Read full article... Read full article...
Friday, January 09, 2009
U.S. Dollars Inevitable Demise, Doom and Gloom, Get it Straight! / Currencies / US Dollar
By: Oxbury_Research
"There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe haven by many. But learning takes place." -Telegraph 1/6/09 Read full article... Read full article...
Thursday, January 08, 2009
U.S. Dollar Whipsaw, Large Buy Order Lifts British Pound / Currencies / Forex Trading
By: ForexPros
The USD reversed again after the London fix today as the majors made highs and then retreated as the end of the New York session drew closer; Cable and EURO both retreated over a big figure after posting highs near technical resistance. High prints in GBP at 1.5284 came around the London fix as a very large buy order hit the market into the fix; traders note that thin conditions likely exacerbated the move and the highs were sold by short-term accounts as well. The rate fell back to the low 1.5100 handle and looks ready to close under the 1.5100 area as well; traders note a long selling wick on the daily chart suggesting that the technical objective for the short-term longs was reached as the rate scored 1.5250 area. Read full article... Read full article...
Wednesday, January 07, 2009
U.S. Government Panic Could Herald Dollar Crash / Currencies / US Dollar
By: John_Browne
One of the few things more troubling for an economy than government intervention is government intervention driven by panic. Time and again, history has shown that when governments rush to engineer solutions to pressing problems, unintended difficulties arise. Read full article... Read full article...
Wednesday, January 07, 2009
US Dollar Volatile Two Way Action as Sterling Strengthens / Currencies / Forex Trading
By: ForexPros
The USD started the day on a strong note rising to early highs against most pairs in New York but has since falling back to make lows in some cases. Traders note that today’s US data was as expected and showed no real surprises suggesting that today’s action was driven by technical factors more so than sentiment. Most pairs met technical objectives for S/R during the past 24 hours or so lending some credibility to the argument. Read full article... Read full article...
Wednesday, January 07, 2009
The Fate of Paper Money, Fiat Currency / Currencies / Fiat Currency
By: Mike_Hewitt
"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)
The first well-documented widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D. [1] Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill.
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Tuesday, January 06, 2009
Intense U.S. Dollar Buying / Currencies / Forex Trading
By: Mike_Paulenoff
The fact that the Euro has weakened (dollar has strengthened) beneath the 1.3500-1.3450 area this morning and is confirmed by my daily RSI (momentum) gauge) indicates that more dollar buying power, and more Euro selling pressure, is directly ahead. The ETF for euro-dollar traders is the CurrencyShares Euro Trust (NYSE: FXE). The intense dollar buying will likely press the EUR/USD into the 1.3250-1.3150 target zone, which must contain the decline to avert a full-fledged retracement of the entire Nov-Dec EUR/USD advance from 1.2330 to 1.4720.Read full article... Read full article...
Tuesday, January 06, 2009
U.S. Dollar Strong Technical Rally to Sell Into / Currencies / Forex Trading
By: ForexPros
The USD is better against most major pairs this morning as traders unwound EURO-Sterling and Yen pairs giving the Greenback a boost by default some desks report. Stops were driving trade as the USD crossed several important S/R levels overnight; most notably in EURO as the rate fell through stops at 1.3500, 1.3440, and 1.3390 for a low print at 1.3330. Read full article... Read full article...
Monday, January 05, 2009
U.S. Dollar Strong Start to 2009 / Currencies / US Dollar
By: ForexPros
The USD is on the offense this morning for the most part as the first full day of post-holiday trading gets underway in New York. Overnight was a mixed bag for the Greenback as early weakness in index futures put a bit of downward pressure on the USD/JPY and mixed pressure on EURO and Cable; thin conditions were reported in Asia as a half-day holiday was seen in Japan. Read full article... Read full article...
Sunday, January 04, 2009
Global Trade Deficits and Surpluses / Currencies / Global Economy
By: Eric_deCarbonnel
How will other currencies be affected should the dollar collapse due to its horrible fundamentals ? The answer to this question depends on a nation's reliance on the dollar to finance a balance of trade deficit. Macro factors for 2009
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Friday, January 02, 2009
Ten Major Threats Facing the U.S. Dollar in 2009 / Currencies / US Dollar
By: Eric_deCarbonnel
1) Foreign central banks selling US assets Most of the nations which have been financing the US's massive current account deficits in recent years have either begun to sell their dollar reserves last year or are planning on selling them this year in order to support their currencies. These nations generally fall into three categories:
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Saturday, December 27, 2008
The Deflation Driven U.S. Dollar Bull Market of 2009 / Currencies / US Dollar
By: Money_and_Markets
Jack Crooks writes: I'm often hearing how much everyone seems to be anxious to put a lid on 2008 and get started over — refreshed. I can understand that. This has been a very challenging year for many investors.
But, some hidden treasures have also appeared in the markets amongst the mess we've become accustomed to …
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Monday, December 22, 2008
Why the U.S. Trade Deficit is Worsening and Dollar Implications / Currencies / US Dollar
By: Eric_deCarbonnel
Right up until the commodity bubble burst this summer, there was the ridiculous theory going around that the world was now "decoupled" and that European and emerging markets would somehow avoid being affected by the US slowdown. These decoupling theories disappeared as oil dropped like a rock, only to be replaced by an equally ridiculous idea: that the world's economic pain would be spread evenly. This is wrong. Although the entire world is going into a recession as a result of the credit crisis, some economies are better prepared than others to weather the storm. Read full article... Read full article...
Saturday, December 20, 2008
U.S. Dollar Buying Opportunity? / Currencies / US Dollar
By: Money_and_Markets
Jack Crooks writes: Traders have slashed the price of the U.S. dollar. And that's terrific news! Now you can get your hands on greenbacks far cheaper than you could only two weeks ago. If you are a regular reader of my Money and Markets columns , you know that my long-term theme is that the dollar will climb sharply through most, if not all, of 2009. And now's certainly not the time to deviate from those expectations. Read full article... Read full article...
Friday, December 19, 2008
U.S. Dollar Falls off a Cliff / Currencies / Forex Trading
By: Joe_Gelet
Recent move in the USD proved a good case study for a strategy EES has been working on called “Golden Grid”, an EA based on Fibonacci levels.
Unusual market conditions: USD falls off a cliff
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Friday, December 19, 2008
U.S. Dollar Plunges as Devaluation Policy Seeks to Export Deflation / Currencies / US Dollar
By: Prieur_du_Plessis
Bernanke & Co. on Tuesday signaled to the financial markets that they were hell-bent on pursuing an “inflate or die” approach to rescuing the ailing US economy and fending off the forces of deflation. The Fed is now inflating at a level possibly not seen before by a developed nation since Weimar Germany. Read full article... Read full article...
Friday, December 19, 2008
Japan Announces Currency and Stock Market Intervention / Currencies / Japanese Yen
By: Mike_Shedlock
Countries are now playing a game of "Top This" to see who can do the dumbest things. Please consider the following: Japan plans to buy $227 billion in shares to boost market
Japan's government said Thursday it is submitting a bill to parliament allowing for the purchase of 20 trillion yen ($227 billion) in stock to help stabilize the Japanese stock market, Kyodo news reported. Read full article... Read full article...