Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, September 05, 2018
Will the Indonesian Rupiah Heading Towards the 16,500 level? / Currencies / Forex Trading
By: Sam_Chee_Kong
As of late, Emerging Markets have been garnering much attention. Unfortunately it was for the wrong reason. Emerging Market currencies like the Turkish Lira, Argentinian Pesos and the South African Rand have been almost in free fall mode.
What is the narrative behind this?
It all started right after the Global Financial Crisis in 2008. Needless to say recent financial crisis such as the Asian Financial Crisis in 1998 and the Global Financial Crisis originated from having too much money in the economy. As in the Asian Financial Crisis there were just too much easy money going around in the economy. Banks have been lending out money to unqualified borrowers which in turn used the money to speculate in the housing and stock markets. This eventually pushes up asset prices way beyond their fundamental values. Hence, bubbles are created and the authorities are slow in tackling the problem. They only acted when the crisis is almost out of control. Sounds familiar to the causes of the Global Financial Crisis and the current Emerging Market Crisis?
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Tuesday, September 04, 2018
GBP/USD Remains Bearish / Currencies / British Pound
By: FXOpen
The daily chart of GBP/USD suggests that the pair is in a major downtrend below 1.3000 and it could decline further.
Key Points
- The British Pound failed recently to break a crucial resistance near 1.3000/40 against the US Dollar.
- The GBP/USD pair is following a major bearish trend line with resistance at 1.2970 on the daily chart.
Tuesday, September 04, 2018
All you Need to Know About the Bitcoin Market / Currencies / Bitcoin
By: Dylan_Moran
If you’re one of those people wondering what bitcoin is all about, then you’ve come to the right place. Today we’ll be looking at more information about bitcoin, including the overall bitcoin market. Here’s all you need to know about the bitcoin market.
What is Bitcoin?
Bitcoin is a kind of digital currency, also known as a cryptocurrency. That means that there are no physical bitcoins out there. It is created, handled, and transferred electronically. It is also decentralized, meaning that no one controls or supervises how it is used.
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Saturday, September 01, 2018
A Close Look at the Bitcoin Bubble / Currencies / Bitcoin
By: Harry_Dent
A
few weeks ago on CNBC, an analyst compared the bitcoin bubble to the early internet bubble.What?!
We’ve been saying that since late December 2017, when bitcoin was just starting to crash.
And oh, did it crash.
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Friday, August 31, 2018
Market Participants Betting on Nafta Deal between US and Canada / Currencies / Canadian $
By: ElliottWave-Forecast
The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful bilateral talk with Mexico on Monday. Under the new agreement, cars need to have 75% of their content originate in the U.S and Mexico. The current Nafta requires 62.5% originate within North America. Under the new deal, 40-45% of auto content need to be made by workers who make more than $16 per hour, favoring the U.S. and Canada.
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Thursday, August 30, 2018
What's So "Cryptic" About Trading Cryptocurrencies? / Currencies / Bitcoin
By: EWI
Lots and lots. Trading is not easy, period. But a few things can help.
Here's a cool parlor trick: If you want to bring a loud, rowdy room to a screeching silence, ask if anyone can explain how cryptocurrencies work.
Cue crickets chirping.
Turns out, the "crypto" part of the name originally signified the encrypted nature of digital assets and their anonymous owners. But it's proven foretelling, as cryptocurrencies have become synonymous with a cryptic impenetrability the likes of which no modern mainstream financial market -- especially not one so fervently embraced -- has known.
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Tuesday, August 28, 2018
Can EUR/JPY Recover Further in September 2018? / Currencies / Euro
By: FXOpen
The daily chart of EUR/JPY suggests that the pair formed a decent support recently and corrected higher. However, it is now approaching significant resistance at 130.60, above which there could be more gains.
Key Points
- The Euro found support near the 124.90-125.00 zone and recovered nicely against the Japanese Yen.
- The EUR/JPY pair is now approaching a crucial bearish trend line with resistance at 130.50 on the daily chart.
Sunday, August 26, 2018
The PetroDollar Matrix / Currencies / US Dollar
By: Andy_Sutton
At the forefront of the media’s attention today is Russia. We’re not really sure why, (well, of course we are) but it seems that Russia has become the new boogeyman. Everything is Russia’s fault. I’ve even heard rumors that the National Weather Service has plans to blame Russia for all the confounded rain in the Northeast and Mid-Atlantic this summer. We know – right away you’re thinking this is going to be about Russia but it’s really not. It’s about what the media isn’t telling you. It’s why (we believe), Trump’s Tweets, Ivanka’s Sweets, Russiagate, the left’s hate, the right’s hate (aka, establishment theatre) are all taking the headlines while a very disturbing trend is left in plain sight. It’s the 800-pound gorilla in the room during any discussion involving economics and geopolitics, but nobody wants to talk about it.
Sunday, August 26, 2018
USD/JPY Forex Trend Forecast / Currencies / Japanese Yen
By: Austin_Galt
Pattern – I believe a top is in place at 113.21 and a new downtrend has begun with price in the process of putting in a lower high. While it is possible that the first lower high is already in place, it is my belief that is not the case and a 5 point broadening low formation is in play with price currently on its way up to a point 4 high which will be the lower high. Considering the likely point 5 low is much lower, I am essentially viewing this formation as just a continuation pattern. The point 2 highs is at 112.50 and price turning back down at that lower would set up a bearish lower double top and that is certainly a very valid possibility.
Friday, August 24, 2018
EUR/USD Facing Hurdles / Currencies / Euro
By: FXOpen
The daily chart of EUR/USD indicates that the pair moved into a bearish zone below 1.1600.
Key Points
- The Euro tumbled heavily this month before buyers appeared near 1.1300 against the US Dollar.
- There is an important bearish trend line formed with resistance at 1.1635 on the daily chart of EUR/USD.
Friday, August 24, 2018
US Dollar Rumbling Below the Surface / Currencies / US Dollar
By: Mike_Paulenoff
Today is all about Fed Chair Powell's Jackson Hole Speech at 10 am Eastern, but from a market perspective, we might want to keep a close watch on the reaction of the USD to what Powell says or does not say.
Why? Yesterday's strength in the Dollar has reversed overnight into this morning's pre-market session.
In a post to members at 15:30 yesterday, I posited the following about the USD: "The $64,000 question about Gold and the Gold Miners depends on the direction of the USD: Was the recent decline in DXY the start of a period of weakness or a completed correction?"
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Friday, August 24, 2018
EUR/GBP Remains in Uptrend / Currencies / Euro
By: FXOpen
The daily chart of EUR/GBP remains in an uptrend above the 0.8940 support.
Key Points
- EUR/GBP is following a significant uptrend above the 0.8900 swing low.
- There are two bullish trend lines in place with supports near 0.8940 and 0.8880 on the daily chart.
Thursday, August 23, 2018
Fiat Currency Inflation, And Collapse Insurance / Currencies / Fiat Currency
By: Raymond_Matison
FIAT CURRENCY INFLATION, AND COLLAPSE INSURANCE
Insurance against fiat currency
Billions of people covering a vast land mass around the globe do not have insurance of any sort. Why? It is because they own few assets. No house, no car, just a hovel with no electricity or water at the foothills of some nondescript mountain. By contrast, those who live in advanced economies have assets worthwhile protecting against loss. Thus, we in America have homeowners insurance to protect against the loss of our dwelling, auto insurance to protect against the involuntary conversion of our movement conveyance into scrap metal, and to protect our financial assets against a lawsuit which could strip us of our savings and investment assets in the face of our fault in an automobile accident. Further, we protect our family’s income and savings by purchasing life or disability insurance. We buy insurance because we do have assets, and believe it worthwhile to protect those assets against unforeseeable loss, when the cost of that insurance is affordable.
Why is it then, that we do not protect our assets against the major foreseeable and persistent source of asset loss – that of loss in the value of our currency. Should we not have protection against inflation and the resulting loss of value or purchasing power in our fiat currency represented in our pension funds, stock or bond funds, or savings and money market account assets? We know and acknowledge that inflation robs us of our savings each and every year. Since 1971, even using the contrived statistics used in calculating the Consumers Price Index, the value of a 1971 collar is just worth $0.16 today. That is a very significant loss in value over a relatively short period of time.
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Thursday, August 23, 2018
Big Money and the Big Lie / Currencies / Fiat Currency
By: Rob_Kirby
The picture below is one of the most important pieces anyone could look at to begin understanding the true nature/condition of our global financial system:
This picture depicts the life cycle of “ANY” fiat currency with compound interest. This concept is explained thoroughly by Chris Martenson on his web site under the moniker of The Accelerated Crash Course. I recommend everyone read it.
Wednesday, August 22, 2018
How Will Ethereum Scale? / Currencies / BlockChain
By: David_Milsont
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Tuesday, August 21, 2018
Where to Trade Cryptocurrencies? / Currencies / BlockChain
By: David_Milsont
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Sunday, August 19, 2018
Bitcoin: Landing Gear Engaged. Bottom Is Still a Process / Currencies / Bitcoin
By: Ryan_Wilday
If you have tracked me at all since January, I had stated that if bitcoin (BTC-USD) is in a wave iv of the degree that I believed, support for this corrective wave, that started in January is in the $3000-$4700 zone. $4700 is an ideal landing spot for this wave iv as it is the .382 retrace of the third wave that began in July 2016.
Further, if you tracked my writing, I saw many setups that can bring us to that level, and likewise many bullish setups that could have taken us out of this long correction prematurely. All failed.
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Sunday, August 19, 2018
Venezuela's Great Bolivar Scam, Nothing but a Face Lift / Currencies / HyperInflation
By: Steve_H_Hanke
In the days leading up to Venezuela’s currency reform, which is set for August 20th, the bolivar has taken yet another deep dive. The chart below shows the bolivar’s free fall and the massive gap between the official exchange rate of 248,521 VEF/USD and the black-market (read: free-market) exchange rate of 6,670,079 VEF/USD. That gap results in a whopping black market premium of 2,584%. It also produces huge profits for Maduro’s cronies who have access to the official rate. They can purchase greenbacks for peanuts and sell them on the black market for an instantaneous profit of 2,584%.
Friday, August 17, 2018
What Is The Future Of Turkish Lira? / Currencies / Turkey
By: ElliottWave-Forecast
Turkish Lira dropped nearly 30% since Friday, 10th August 2018 and one stage and has since recovered nearly half of the losses and now trading at 6.4093 which is still nearly 15% below where it was last Friday. We know that US President Donald Trump doubled Tariffs on Steel and Aluminium Imports from Turkey on Friday which is said to be the reason for the sharp decline in Turkish Lira (rally in USDTRY). In this blog, we take a look at the Elliott Wave structure of USDTRY and explain why the spike higher stopped where it stopped.
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Friday, August 17, 2018
US Dollar Index Mini Crash Forecast / Currencies / US Dollar
By: Austin_Galt
Latest Price – 96.57
Previous analysis updated – previous daily chart analysis was a bust. There remains no change to the overall outlook.
Daily Chart