Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, February 10, 2017
USD and Gold Cycle Update / Currencies / US Dollar
By: SurfCity
Just a quick update on the USD and Gold. Todays move by the USD finally seemed to put a pause in the relentless uptrend by Gold and the Miners. I have the USD on day 6 now in what is very clearly a new short term Trading Cycle.
My cycle analysis indicates that this USD Trading Cycle uptrend should top out sometime in the next two days if it is to be a Left Translated cycle that fails. If it does not, this would be an early warning that the USD may have also found its longer term Intermediate Cycle Low as well.
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Thursday, February 09, 2017
Bullish Case for GBP/JPY / Currencies / Forex Trading
By: MarketsToday
Looking back we see that the GBPJPY moved into a 16-month downtrend following the 195.87 peak reached in June 2015. Support was eventually found at 124.59 four months ago. It was promptly followed by a sharp nine-week rally up into 148.45 resistance (most recent peak). That price area is where both support and resistance were seen back in 2013, at resistance of the 55-week exponential moving average (ema), and at the 61.8% Fibonacci retracement of the internal downtrend (coming off the 168.08 lower swing high).
Wednesday, February 08, 2017
USD Rolling Over, SPX Weakening / Currencies / US Dollar
By: Anthony_Cherniawski
Good Morning!
USD futures are fading this morning as a smaller overnight retracement failed to exceed yesterday’s high at 100.69.
ZeroHedge reports, “We're going to need another Fed speaker...
Harker comments overnight on March being live spiked the Dollar...
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Wednesday, February 08, 2017
What an America First Trade Policy Could Mean for the US Dollar / Currencies / US Dollar
By: John_Mauldin
John Grandits : A key pillar of Donald Trump’s presidential campaign, and now policy formation, is an “America First” approach. So far, this has entailed much discussion around negotiating more favorable trade deals, withdrawing from possible participation in the Trans-Pacific Partnership, citing potential currency manipulators, and construction of a wall along the Mexican border, to name a few.
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Wednesday, February 08, 2017
U.S. Dollar Exorbitant Privilege At Risk?! / Currencies / US Dollar
By: Axel_Merk
If the road to hell is paved with good intentions, American's exorbitant privilege might be at risk with broad implications for the U.S. dollar and investors' portfolios. Let me explain.
Wednesday, February 08, 2017
US Dollar Breaks below USD100 with Rising Yields, is Wholesale US Treasury Dump Coming? / Currencies / US Dollar
By: John_Lee
The US Dollar Index has fallen below the psychological 100 level, while 2-year and 10-year US Treasury yields remain above multi-year support levels. This is despite the Federal Open Market Committee keeping the Federal Funds rate steady at 0.75% on Feb 1, 2017.
Sunday, February 05, 2017
Why Trump’s Economic Justice Warriors Will Crash The US Dollar / Currencies / US Dollar
By: Jeff_Berwick
For the last eight years we’ve seen the rise of the Social Justice Warriors (SJW’s), as they had lobbied their man, Obama, for the political power required to direct the force of government in the name of their own peculiarly relativist brand of “social justice.”
While they are still busy demonstrating the violent soul of what is inherent in all brands of statism by breaking storefront windows (masked), under the Trump epoch a new type of statist “warrior” has emerged… let’s call them the Economic Justice Warriors (EJW’s).
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Sunday, February 05, 2017
US Dollar Bulls Surrender? / Currencies / US Dollar
By: Rambus_Chartology
The US dollar has now closed lower for 6 weeks in a row which is testing the patience of the bulls. This week the price action cracked the top rail of the horizontal trading range which is a negative, but not confirmation yet the trend has reversed down. There are several more layers of support that will need to be hit before I throw up the white flag and surrender to the bears.
Friday, February 03, 2017
Forex Trading Alert: USD Index at Fresh Lows / Currencies / US Dollar
By: Nadia_Simmons
Earlier today, the USD Index extended losses against the basket of the major currencies as yesterday's Fed statement didn't give clear signal on the timing of its next rate hike. How did this drop affect the technical picture of EUR/USD, USD/CAD and AUD/USD?
In our opinion, the following forex trading positions are justified – summary:
EUR/USD: none
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none
Friday, February 03, 2017
The US Dollar is About to Collapse / Currencies / US Dollar
By: Graham_Summers
The $USD is about to collapse.
This is not fear mongering, nor is it just a bold statement. The $USD has peaked and is about to breakdown in a BIG way.
See for yourself, the greenback has taken out critical support. The spike higher that occurred starting election night is looking more and more like a bullish headfake.
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Tuesday, January 31, 2017
EURUSD Forex Trading Strategy Simplifies a Choppy Market / Currencies / Euro
By: Nicholas_Kitonyi
The forex market accounts for trillions worth of transactions on a daily basis, which makes it one of the most liquid markets to participate in. The EUR/USD currency pair accounts for most of those transactions but that does not make the pair immune to the rigorous volatility experienced amongst the exotic currency pairs.Due to less liquidity, currency markets involving less popular pairs tend to be more volatile than their more popular counterparts. However, as demonstrated in the chart below, the EUR/USD pair, which is one of the most popular currency pairs in the Forex market has been very choppy of late. At least, when you look at it from the perspective of the hourly chart.
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Monday, January 30, 2017
US Dollar Chartathon / Currencies / US Dollar
By: Rambus_Chartology
In this Weekend Report I'm going to show you some updated charts on the US dollar which has been in a bull market since the low in 2011. It's hard for a lot of investors to admit, but until the charts change the bull market continues. A bull market is characterized by a series of consolidation patterns forming one top of the next, until the last pattern is a reversal pattern which reverses the bull trend. The old expression, the trend is your friend, also applies to the US dollar as well. Until the US dollar negates the series of higher highs and higher lows on an intermediate term basis, we have to assume the bull market is in tact.
Lets start by looking at a daily line chart for the US dollar which shows the horizontal trading range beginning back in March of 2015. The breakout topside of the horizontal trading range took place a little over 2 months ago in November of last year. After the initial breakout there was the initial backtest which could have been the beginning of the next impulse move up, but the US dollar stalled out a month later and is currently backtesting the top rail around the 100 area again.
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Friday, January 27, 2017
Lala Land FX Assumptions / Currencies / US Dollar
By: Ashraf_Laidi
The notion that Trump's planned protectionist measures (tariffs and border adjustment tax) will be USD-positive is founded on an unrealistic world - where Mexico, China and other US trading partners would just sit back and watch without any retaliatory action. We're not in the 1980s or 1990s when US trading partners operated in a closed world, unaccountable to any world free trade bodies.
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Friday, January 27, 2017
Going Long The Euro Could Be The Trade Of 2017 / Currencies / Euro
By: John_Mauldin
BY JARED DILLIAN : For a long time now I've held the theory that you have to be completely insane to be a successful investor. Like, right out of your tree.
Let me put it this way: Just a few weeks ago we were all sure, 100% positive that the US dollar would continue to appreciate against the euro, because the Fed was more hawkish, and the ECB was going to have negative rates and QE forever.
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Friday, January 27, 2017
Bitcoin Price Above Resistance / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The recent drop in Bitcoin volatility is widely attributed to developments in China. On Bloomberg, we read:
Bitcoin's volatility has plunged since China banned leveraged trading and forced exchanges to charge fees.
Perhaps more meaningfully, trading volume has plunged 98 percent compared with the first days of 2017, according to data from bitcoinity.org. On Jan. 1, when bitcoin traded at $1,012.3, 4.8 million coins exchanged hands. On Wednesday, only 80,092 did. Sure, many Chinese investors, who still represent the lion's share of trading, are away from their desks because of the Lunar New Year. Still, the speed and pattern of the decline make it hard not to draw a line to the regulatory action.
Wednesday, January 25, 2017
Blockchain – Central Banks Banking On It As Debase Currency / Currencies / BlockChain
By: GoldCore
Blockchain – Central Banks Banking On Blockchain
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust …”
Satoshi Nakamoto (Unknown person or persons who designed bitcoin and created its original reference implementation, Bitcoin Core)
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Tuesday, January 24, 2017
Will Trump Usher In an Era of Sound Money? / Currencies / Fiat Currency
By: MoneyMetals
Now that Donald Trump has been sworn in, Americans will start getting some glimpses of what his presidency actually means.
Here are some educated guesses of what to expect when it comes to the dollar and sound money issues, based on what we know before the kick-off of Trump's administration.
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Tuesday, January 24, 2017
EURO, GBP, AUD, JPY, CAD C.O.T Reports / Currencies / Forex Trading
By: Enda_Glynn
The Commitments of Traders Report is issued by CFTC.
It reports all open positions in futures markets of three main groups of traders:
Commercial Traders – Hedgers
Non-Commercial Traders – Money Managers
Non-Reportable – Retail market
The report breaks down each Tuesday’s Open Interest and gives us a powerful view on what exactly the big guys have been doing in the marketplace and what their plans might be.
It is issued every Friday and includes data from Tuesday to Tuesday. The three days prior to the release date are not included.
This is an essential tool for gauging long term sentiment in futures markets.
Thursday, January 19, 2017
The Most Important Market Chart on the Planet / Currencies / US Dollar
By: Rambus_Chartology
Today I would like to update you on the US dollar as it plays such an important role in so many different markets. Getting the big trend right on the US dollar can help you see what areas are affected by the dollar to invest in. There are alot of areas that have an inverse correlation to the dollar, such as commodities and the precious metals in particular.
Let start with just with just a simple daily line chart that shows the two year sideways trading range with the breakout and the backtest that is currently underway. As you can see this is actually the 2nd backtest to the top rail at the 100 area so there is no question the top rail is hot.
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Thursday, January 19, 2017
USDJPY Elliott Wave Analysis / Currencies / US Dollar
By: Submissions
Enda Glynn wries: My Bias: neutral- long
Wave Structure: rally in wave [C]
Short term wave count: wave [iii] grey
Long term wave count: wave [C] is underway, upside to above 136.00