Category: US Dollar
The analysis published under this category are as follows.
Monday, November 04, 2013
US Dollar and Crude Oil…The Inflation / Deflation Battle Rages On / Commodities / US Dollar
By: Rambus_Chartology
There were some interesting developments this week that I would like to focus on in the Weekend Report. The most important thing to happen was the rebound in the US dollar that was very impressive. Is the bottom in or is this just a short covering rally that will peter out when it's finished? Oil continues to fall at a rapid rate which could be signaling another deflationary event maybe on the horizon. There are still a lot of crosscurrents out there but if we can get a good read on the US dollar and Oil that should help us understand what is likely to take place over the intermediate term.
Saturday, November 02, 2013
U.S. Dollar Surge Implications / Currencies / US Dollar
By: Toby_Connor
A rather interesting development occurred on Friday, and one that I wasn't really expecting. The dollar sliced right through its intermediate trend line on its first attempt. I thought for sure we would see some kind of pullback from that trend line before a break. In my opinion this signals that there are a lot of people caught on the wrong side of this market.
Saturday, November 02, 2013
Does the U.S. Dollar Have a Future? / Politics / US Dollar
By: Mike_Whitney
“If the dollar does indeed lose its role as leading international currency, the cost to the United States would probably extend beyond the simple loss of seigniorage, narrowly defined. We would lose the privilege of playing banker to the world, accepting short-term deposits at low interest rates in return for long-term investments at high average rates of return. When combined with other political developments, it might even spell the end of economic and political hegemony.”– Economist Menzie Chinn, “Will the Dollar Remain the World’s Reserve Currency in Five Years?”, CounterPunch 2009
Friday, November 01, 2013
Huge Cracks In US Financial Fortress, Petro-Dollar Final Death Throes / Stock-Markets / US Dollar
By: Jim_Willie_CB
Many analyst writers choose the Black Swan analogy to describe deeply ominous events in progress, with little forward notice. The analogy simply does not fit anymore, as an armada of black swans is more appropriate, spotted on regular and frequent sightings. The Jackass preference is to describe a series of major cracks in the financial fortress that defends the USDollar system and its decrepit USTreasury Bond shuttle buggy. The vehicle is overloaded with supply and bereft of investors, upheld by a printing press, explained by pure heresy. Its derivative coil on the undercarriage axel system is broken from the overdone leverage and hidden machinations. The integrity of the USD/USTB brand name was cast off the American coat of arms along with the Lehman Brothers killing to save Goldman Sachs, the adoption of Fannie Mae to conceal the fraud, and the AIG to contain the derivative payouts. The October Hat Trick Letter explains the Wall Street saga behind the scenes on the GSax rescue, managed by the USDept Treasury office. The US financial fortress died in September 2008, when the Jackass made the USGovt debt default forecast. What has happened in the following long five years has been an incredibly prolonged and desperate attempt, its creativity recognized, to extend life support to a corpse beset by necrosis and sclerosis, whose blood has turned toxic, lacking any oxygen (capital). The US nation has lost its way, no longer capable of comprehending capitalism. Its policy initiatives actively destroy precious capital on the banker altar, celebrating the dark side with celebrations of fire. The emaciated body economic is being prepared to be handled by the JPMorgue for processing.
Wednesday, October 30, 2013
U.S. Dollar Long-term View / Currencies / US Dollar
By: Anthony_Cherniawski
I finally had to look at the monthly chart on the Dollar to get a handle on its position. I identified the Dollar being in a triangle pattern prior to the low in 2011. At that time, I surmised that we were looking at an Intermediate Wave (E). It was an easy mistake to make, since it had escaped the lower trendline as it typical of a Wave (E). However, having turned back at both the top and bottom trendline subsequently gave me pause. Looking at the long-term pattern suggests that the triangle may just be ending now with a second break of the lower trendline for Wave (E).
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Sunday, October 27, 2013
Large Forex Speculators Cut US Dollar Bullish Bets to 7-month Low / Currencies / US Dollar
By: Submissions
CountingPips writes: The weekly Commitments of Traders (COT) report, not published for close to a month due to the partial US government shutdown, was released on Friday by the Commodity Futures Trading Commission (CFTC) and showed that large futures traders & speculators continued to decrease their bullish bets of the US dollar for a third week in a row on October 1st.
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, cut their overall US dollar long positions to a total of $692.8 million as of Tuesday October 1st. This was a decline of $-2.89 billion from the total long position of $3.58 billion that was registered on September 24th, according to data from Reuters that calculates this amount by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.
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Tuesday, October 22, 2013
How Long Until the U.S. Dollar Loses Its Reserve Currency Status? / Currencies / US Dollar
By: DailyGainsLetter
Mohammad Zulfiqar writes: As Congress has come to a decision about the debt ceiling and kicked the can a few months down the road, I hear a significant amount of noise about the U.S. dollar losing its reserve currency status.
With this, I ask: could this really happen anytime soon?
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Tuesday, October 22, 2013
Peter Schiff Warns Collapse Of The U.S. Dollar Is Unavoidable / Politics / US Dollar
By: GoldSilver
In a Q&A with GoldSilverWorlds, Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, explained why the mother of all collapses is still in front of us and shared his top tips on how to protect financially.
Peter Schiff has an outspoken libertarian view on the world and economics. It is no coincidence he will be one of the keynote speakers at the first Liberty Forum Conference 2013 on December 4 to 8. His libertarian view was mainly influenced by his father, more so than any of the books he has read. From a young age, he discussed with his father topics related to government, economics, the Constitution, and history of the US. His personal view and the free market oriented perspective were a perfect fit even if these ideas were in contrast with the majority of economic experts and governments. According to Schiff “many people just buy the establishment; they accept a lot of nonsense.”
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Saturday, October 12, 2013
How Much Longer Will the Dollar be the Reserve Currency? / Currencies / US Dollar
By: MISES
Patrick Barron writes:
We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it may pay China in US dollars rather than Canadian dollars, and vice versa. However, the foundation from which the term originated no longer exists, and today the dollar is called a “reserve currency” simply because foreign countries hold it in great quantity to facilitate trade.
Friday, October 04, 2013
U.S. Government Shutdown: Next Step Dollar Collapse? / Politics / US Dollar
By: Sahil_Hafeez
Not a single person might make a conciliatory sentiment for rehashing cautioning that, on account of the grim Obama administration and Republicans, Uncle Sam is closed down. Genuine monetary analysts are currently anticipating mobs in the streets that there is presently nothing the USA can do to avert the fall of its currency, and its economy. It has no reserves to back its worth, and has the most indebted country in the world, is dependant of the credit from America's previous foes. Read full article... Read full article...
Tuesday, October 01, 2013
Room For More U.S. Dollar Weakness After The Government Shutdown / Currencies / US Dollar
By: Gregor_Horvat
USD is sharply down across the board after the US government shutdown. Some would think that US stocks futures will turn lower, but we in fact can see higher prices since the news came out. However, we may see a risk aversion (lower stocks) if government will be shutdown for too long, lets say around 3 weeks. In the past the longest close was 21 days, back in 1995 (source Wikipedia). The longer the shutdown will last, more nervous investors will become.
Friday, September 20, 2013
U.S. Dollar Still Hanging on the Fiat Cliff / Currencies / US Dollar
By: Joseph_Russo
Arguably, throughout the ages, money and the immense power it manifests, is the most potent driver of systemic corruption.
Further to such argument, it is self-evident that high-level branches of modern-day governments and their attendant institutions alongside private foundations and transnational corporate alliances have been wholly subject to such corruption for centuries.
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Wednesday, September 18, 2013
U.S. Dollar Outlook: Taper, Yellen and German Elections / Currencies / US Dollar
By: Axel_Merk
Why are the markets so excited that the smartest guy in the room takes his name out of the running for the (second?) most powerful job in the world? With Larry Summers no longer holding back the markets, what's next for the dollar, currencies and gold?
Thursday, September 05, 2013
U.S. Dollar Clues for Trend Over Next Few Months / Currencies / US Dollar
By: Rambus_Chartology
Tonight I would like to show you some charts on the US dollar that is finally showing a little action after a month or so of chopping around towards the lows. I have many different looks that might give us a clue or two on what to expect over the next month or so.
The first chart is a 6 month daily chart that shows a potential double inverse H&S bottoming formation. As you can see the smaller inverse H&S #1 had a nice long bar on the breakout followed by a backtest the next day. That completed the smaller inverse H&S bottom. The rally only lasted one day which gave us a point to drawn in the 2nd Neckline. The price action is now getting ready to backtest NL #1 again that would create the right shoulder for the bigger inverse H&S #2. So this is a critical backtest taking place in the next day or two to the 81.90 area. If neckline #1 can hold support the price objective of the bigger H&S bottom would be up to the 84.85 area which would be back at the previous high made in July.
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Tuesday, August 27, 2013
U.S. Dollar Gains Strength Off Remarks of the Federal Reserve Bank / Currencies / US Dollar
By: Submissions
Brett Chatz writes: US dollar gains ground against all of its major trading partners. The US dollar held firm and gained ground against most of its major trading partners in the currency markets. This about-turn in expectation materialized after a poor forecast for US durable goods failed to dampen the dollar’s appreciation against major world currencies. Economists pointed out that the dollar had gained ground against most of the 16 traded currencies. Further news for investors is that the Fed looks set to cut bond purchases in upcoming months. The dollar gains were however halted after John Kerry (US Secretary of State) declared that President Barack Obama will hold the government of Syria responsible for its actions. This is seen as a potentially dramatic shift in foreign policy after the administration seemingly backpedalled on its red line comments.
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Thursday, August 22, 2013
US Dollar Index Five Waves Up Points to Higher USD / Currencies / US Dollar
By: Gregor_Horvat
EURUSD found some support an hour back or so, after disappointing US Unemployment claims. So I decided to check the intra-day structure on USD Index to see where the buck is positioned and headed next. Well, on the line chart I can see some very clear impulse to the upside, but its presented on a line chart. Its a clear five wave move with a textbook example of an extended wave three. If you are still learning Elliott Wave, then I suggest you to save and print this chart.
Tuesday, August 20, 2013
U.S. Dollar Index Forming A Complex Correction – Elliott Wave Analysis / Currencies / US Dollar
By: Gregor_Horvat
USD Index is trading lower for few weeks now but decline from 85.00 has a corrective look for now so we suspect its part of a larger complex correction from May highs. We are tracking a W)-X)-Y) correction, so if we are correct the USD should find a support somewhere around 80.30-81.00 level.
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Saturday, August 10, 2013
U.S. Dollar - Time to Worry? / Currencies / US Dollar
By: Ashraf_Laidi
Four weeks ago, the USD index hit 3-year highs, metals licked their wounds from the biggest decline in decades and the US growth story stood out in the headline. The Fed was considered the only major central bank capable of scaling down its quantitative easing, while the ECB mulled cutting interest rates to zero. The greenback was boosted by a powerful combination of fundamental and technical moving in tandem.
Thursday, August 08, 2013
Bye Bye Euro, Hello U.S. Dollar! / Currencies / US Dollar
By: Marc_Horn
It has been a while!!! My wife and I are cruising in Oman and internet access is not widely available! But when I saw this today I really felt I should make the effort!
Talk about coincidence.... or not. Today the Euro has so far failed to make a new high, by a tiny margin and provided it fails to make a new high it has only one way to go - DOWN - it is in centi-3 of deci -3 of daily-3 of weekly-3 of monthly-3 !!!
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Wednesday, August 07, 2013
U.S. Dollar Breaks Support, The Next Currency Crisis has Begun! / Currencies / US Dollar
By: Toby_Connor
Today the dollar broke through 80.40. This is a major development as it signals that the current daily cycle topped in only 2 days, thus confirming that the intermediate cycle has also topped.