Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, September 15, 2014
US Dollar Forecast to Go Much Higher / Currencies / US Dollar
By: David_Petch
The US Dollar has gone gang busters after breaking above 81.7 and clearly has broken out. This has implications for everything else. As the US Dollar is a Reserve Currency, everything that has an inverse relationship to it will fall, such as gold. As I mentioned, I got out of all of my core precious metal positions a few weeks ago after the drop and bounce, as there is no indication that they will participate to the upside with a rising US Dollar under the current global environment. Most commodities are experiencing weakness and this will continue into next year until the US Dollar initially tops out. When the global economy after August 2015 hits, then commodities could get whacked even more. They might not get clipped as bad as per 2008 off the record highs, but there still will be a correction to follow. How long the rally in the US Dollar lasts is really anyone's guess. Analysis will show a high expected in the range of 93-95 by August 2015, but it could still have strength as deflation overtakes the global economies.
Friday, September 12, 2014
Currency Market Mayhem / Currencies / US Dollar
By: Alasdair_Macleod
You’d think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it.
The US dollar is the risk-free currency for international accounting, because it is the currency on which all the others are based. And it is clear that three months ago dollar exchange rates against the three currencies shown began to strengthen notably.
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Wednesday, September 10, 2014
AUD USD Beware The Fake Out / Currencies / US Dollar
By: Austin_Galt
The AUDUSD has been smashed the last couple of days. It has even busted through a well known support level. Many bulls would have stopped out of long positions on this move down while many bears would have shorted the break. I believe this to be a classic market deception. Let’s investigate starting with the daily chart.
Tuesday, September 09, 2014
AUDNZD Another Pullback Forex Trading Opportunity? / Currencies / Forex Trading
By: Austin_Galt
Since my last report on the AUDNZD, price has embarked on a nice uptrend hitting a high last week just shy of $1.13. It really has been one way traffic. Northbound that is. However, last Friday saw the first sign that the next decent pullback opportunity may be upon us. Let''s investigate.
Tuesday, September 09, 2014
What's With the Japanese Yen? / Currencies / Japanese Yen
By: Anthony_Cherniawski
The Yen has morphed into a different pattern than I had originally portrayed. Not that there weren’t clues already there, but the first Triangle formation threw me off, thinking that the decline in the Yen was complete on January 10, 2014. Usually Triangles occur in fourth waves. However, they also occur in B waves.
Sunday, September 07, 2014
So, What's up with Bitcoin's Price? / Currencies / Bitcoin
By: Submissions
Mark Blair writes: Short answer: too little data to know -- but this article will give you some food for thought.
# The five months of The China Thing ended on April 10. Merchant adoption etc. progressed solidly during that time. A year ago, adoption was going business by business. Five months ago, it was going company by company. At this point, it is going nation by nation.
Saturday, September 06, 2014
Bitcoin Price More Weakness Than You Might Think / Currencies / Bitcoin
By: Mike_McAra
In short: we don’t support any speculative positions in the market.
Charlie Shrem, the founder of BitInstant, a New York based Bitcoin exchange, has pleaded guilty to aiding an unlicensed money-transmitting operation, we read on the Reuters website:
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said.
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Friday, September 05, 2014
Blockchain Promises To Be As Disruptive A Technology As The Internet / Currencies / Bitcoin
By: GoldCore
Every once in a while a new idea blasts onto the scene out of nowhere -- typically it is at first met with suspicion and distrust. If it has merit, it can start to become disruptive and awkward for incumbents, let's call them the “Safe Guys”. Safety and security are heralded as reasons why the new idea should be ignored.
New ideas only really take off when someone somewhere, lets call him the “New Guy”, figures out how to monetise the hell out of the idea -- then New Guy types start to get wealthy. Then and only then do Safe Guys start to take notice and that brings a whole new level of scrutiny.
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Friday, September 05, 2014
US Dollar and British Pound Update / Currencies / British Pound
By: Jonathan_Davis
First, a recap of what I said a month ago. Full post here.
4 August 2014:
“So, the US $ is to collapse, so say the inflationistas, the gold bugs, the Anderson shelter types etc.
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Friday, September 05, 2014
US Dollar and Yen Trend Analysis / Currencies / US Dollar
By: Rambus_Chartology
Tonight is a good time to look at some long term charts for the US Dollar and the Japanese Yen. I've been waiting for this day for more than a year now when I first created this long term US dollar chart. Some of our long term members will recall this monthly fractal chart that I labeled as having a Big Base #1 and Big Base #2 which are fractals as shown by the numbers on each base. At the time I thought we were ready to breakout above the almost 14 year S&R rail but as you can see the US dollar needed one more small move lower to finish off the big base #2. The breakout doesn't look very impressive on this bar chart but it is happening.
Friday, September 05, 2014
British Pound Slides on Scottish Independence YES Vote Risks, What Happens Next? / Currencies / British Pound
By: Nadeem_Walayat
The British Pound has virtually nose dived after spending the whole of the year in an uptrend to recent multi-year highs of £/$1.72 of mid July on the back of a strong UK economy when compared to the Euro-zone catastrophe that continues to unfold across the English Channel, which had prompted much flight of the capital to the relative safety of the British currency.
Thursday, September 04, 2014
What's Next for The U.S. Dollar and Gold? / Currencies / US Dollar
By: Axel_Merk
One reason markets tend to get a little nervous in September is that it's time for investors to ponder about their asset allocation for the remainder of the year and beyond. With the markets at or near record highs and the US dollar on a roll, what could possibly go wrong? Let's look at what's next for the dollar, gold, and currencies.
Wednesday, September 03, 2014
Scotland Independence Risk Sees British Pound Dive / Currencies / British Pound
By: GoldCore
Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September.
While the referendum and the potential impact of an independent Scotland have been on the horizon for some time, the approaching vote in two weeks is causing upheaval for the British pound in currency markets, and also more general macro uncertainty in the regional economic and monetary system.
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Tuesday, September 02, 2014
Bitcoin Price Might Move Shortly / Currencies / Bitcoin
By: Mike_McAra
Briefly: we don’t support any short-term positions in the Bitcoin market.
An increasing number of Canadian employees are choosing to get paid in Bitcoin, an article on CTV News reported:
A small but growing -- and surprising -- number of workers are rejecting Canadian dollar salaries for Bitcoin, according to a Waterloo, Ont., payroll firm.
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Tuesday, September 02, 2014
Independent Scotland Currency, Plan A, B, C or D - British or Scottish Pound? / Currencies / Scotland
By: Nadeem_Walayat
Alex Salmond recently repeated - "It's our pound and we're going to keep it."
Much of the independence debate has centered around what currency an independant Scotland would use, where on one side we have the SNP implying that an independent Scotland would have the right to 'share' the British Pound in terms of the ability to print money and debt (government bonds), whilst on the other hand UK politicians state it would be impossible for two countries to share sovereignty over the same currency for the obvious reason that it would effectively allow an independant Scotland to go on debt fuelled spending binge without consequence of hyperinflation or currency collapse as the bill would be being picked by the UK tax payer as guarantor of the currency. Which is particularly galling as an independent Scotland would no longer be paying any taxes to the UK Treasury.
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Monday, September 01, 2014
Eurozone Currency Dispute Intensifies: France Wants Weaker Euro Higher Inflation / Currencies / Euro-Zone
By: Mike_Shedlock
The currency and fiscal battleground front lines in Europe remains the same. France wants QE, fiscal stimulus, and more leeway on meeting fiscal deficit targets. Germany doesn't. And the fighting has strengthened.
The idea that ECB can produce nirvana by devaluing the euro is ridiculous. Yet, that's the battle cry of the day.
Friday, August 29, 2014
Bitcoin Price $500 as Current Downside Barrier / Currencies / Bitcoin
By: Mike_McAra
Briefly: we support long speculative positions in Bitcoin, stop-loss at $440, take-profit at $620.
Simon Fraser University has become the first such Canadian tertiary education institution to accept donations in Bitcoin, the university reported:
Simon Fraser University is the first Canadian post-secondary school to accept donations in Bitcoin, a digital currency that can be exchanged electronically.
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Friday, August 29, 2014
A History of Unlimited Money: Learn From It or Repeat Its Mistakes / Currencies / Fiat Currency
By: Doug_Wakefield
Thursday, August 28, 2014. Is there anything special about this day? For some it may be an anniversary, marriage or work. For others it may be a birthday. However, chances are it is just another day of the week, following the same routine as last week for hundreds of millions of lives that depend on an economic and financial system they hope will stay predictable.
For Americans today, the answer that has been presented to us repeatedly for years, and sadly seems to have been accepted as necessary to restore our capitalist system, is that the Federal Reserve will merely print up trillions more in debt in order to bring things back to "normal". History is replete with lessons for the Federal Reserve, Keynesian economists, and millions desperate to believe that maybe this time, with trillions more in debt, the temporary riches of the financial markets will become permanent and predictable. Frankly, the only thing predictable about this story is that history keeps repeating itself, and we do not show any desire to learn from our past.
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Thursday, August 28, 2014
USD-JPY Japanese Yen Set For Big Reversal / Currencies / Japanese Yen
By: Austin_Galt
Price is now at the key resistance area flagged in my last USDJPY report. So is it likely to turn back down or bust higher? Let’s have a look at the charts.
Thursday, August 28, 2014
A World Without Fractional Reserve Banks and Central Planning / Currencies / Fiat Currency
By: John_Rubino
In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – including the one that exists today throughout the world – comes to resemble a classic Ponzi scheme which can only function as long as most people don’t try to get at their money.
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