Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Friday, August 13, 2010
USD/CAD Could Still Be Trying to Base / Currencies / Canadian $
After an initial recovery attempt in Apr/May, USD/CAD has become consolidative - still with the prospect of forming a base, but still without the necessary bull signals to tilt the scales firmly in the bulls’ favour. Not for the first time interesting support has emerged from a 76.4% level...
Read full article... Read full article...
Thursday, August 12, 2010
China Reports Huge Trade Surplus With U.S. Signaling More Currency Tensions / Currencies / China Currency Yuan
Despite forecasts of a cooling demand for Chinese products in the USA and EU, Beijing has reported a huge trade surplus figure after exports soared to 145.5 billion USD in July, a year-on-year increase of 38.1%. In the pipeline: tensions between Washington and Beijing over the valuation of the Renmimbi?
Read full article... Read full article...
Thursday, August 12, 2010
How to Profit From the Fed's U.S. Dollar Destruction Policy / Currencies / US Dollar
Keith Fitz-Gerald writes: This week's decision by the U.S. Federal Reserve to buy Treasuries in an effort to prop up borrowing is further proof that the economy is worse off than policymakers would have us believe. But more than that, the Fed's Treasury purchase plan is just one more reason for investors to anticipate inflation and take steps to protect their money from it.
Read full article... Read full article...
Thursday, August 12, 2010
Euro, British Pound Reverse Sharply / Currencies / Forex Trading
The euro and pound have both been in full retreat against the US dollar on Wednesday (August 11). One euro is worth just $1.2845 after trading as high as $1.3226 on Tuesday. A British pound nets $1.5636 after a $1.589 peak Tuesday.
Read full article... Read full article...
Saturday, August 07, 2010
Japanese Yen on Central Bank Intervention Watch / Currencies / Japanese Yen
As major global economies are beginning to feel the threat of another bout with recession, Japan is dealing with an extra challenge: An unwelcomed strong currency.
Weak structural economic fundamentals around the world and tough austerity are proving to squash the feeble recovery. And the likelihood of central banks returning to, or intensifying, the easy money policies are growing.
Read full article... Read full article...
Thursday, August 05, 2010
No More Dollar, Pound, Yen, or Euro,The New Push for a Global Currency / Currencies / Fiat Currency
You surely didn't think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man's hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us.
Read full article... Read full article...
Wednesday, August 04, 2010
EURIBOR, Euro and USD Index / Currencies / US Dollar
Many have expressed scepticism with strength of the euro at a time when EURIBOR and EUR-Libor rates remained on the rise. EUR 3-month LIBOR stands at 12-month high of 0.83%, up 46% from its March lows. Yet unlike in April-May when rising Eurozone rates resulted from plummeting inter-bank confidence and falling liquidity in the system, the recent strengthening in Eurzone interbank rates has been partly boosted by improved macroeconomic/bank earnings figures, as well as a stabilizing currency.
Read full article... Read full article...
Monday, August 02, 2010
US Dollar Index Declines as Eurodollar Short Squeeze Ends / Currencies / US Dollar
Dollar LIBOR is the 'tell' as european banks scramble to obtain US dollars to satisfy customer demand, they drive the 'price' of the dollar higher. The cause of the squeeze was the euro uncertainty based on ratings downgrades on Greece, and the hedge funds determined selling of the euro, which created a sell off in euros.
Read full article... Read full article...
Wednesday, July 28, 2010
U.S. Dollar Stress Next? / Currencies / US Dollar
The crisis is dead! Long live the crisis! In an attempt to address the debt crises swirling around the globe, policy makers have responded with a mishmash of somewhat questionable approaches:
Read full article... Read full article...
Wednesday, July 28, 2010
Evolving Global Financial Crisis, U.S. Dollar Heading Down Again / Currencies / US Dollar
As we long ago predicted, 2005 was the beginning of the collapse of the housing bubble. The result was financial chaos and a credit crisis that enveloped the US, Europe and eventually the world. Some would like us to believe that materialism and selfishness were the reasons for bubbles, but the causes go far deeper than that. US, UK and European central banks, due to their greed for power, and a desire for world government, allowed debt to get totally out of control.
Read full article... Read full article...
Thursday, July 22, 2010
Euro Currency Follow Up Analysis / Currencies / Euro
Late last week we produced a video on the euro (which was posted on our blog on Monday), making a case that the currency was very close, if not at its highs. Since then, we have had two significant events fall into place which made the dollar skyrocket against the euro.
Read full article... Read full article...
Thursday, July 22, 2010
Positive Corporate Eearnings Reports Boost U.S. Dollar / Currencies / US Dollar
The dollar has been getting hammered in recent weeks as renewed concerns about the economy caused many to get out of long dollar positions. However, several positive earnings reports to start the week have helped give the greenback a boost against most major currencies.
Read full article... Read full article...
Tuesday, July 20, 2010
Switzerland Under Siege, Free Markets May Yet Save the Swiss Franc / Currencies / Credit Crisis 2010
Efforts are underway to undermine Switzerland’s rock solid reputation as a safe haven. The alpine nation, famous for its readiness against enemies with citizens storing military assault rifles at their homes, is under attack. The attack, however, comes from one of their own, the guardian of the Swiss franc: the Swiss National Bank (SNB). In any other country, a central bank may have the power to derail the currency; in Switzerland, however, efforts to undermine the franc may be more appropriately characterized by a Don Quixotian battle by a lone warrior, a warrior armed with a license to print money.
Read full article... Read full article...
Monday, July 19, 2010
Is the Euro on Shaky Ground? / Currencies / Euro
In this short video we take an in-depth look at the euro and its relationship to the US dollar. The recent sharp rally in the euro, up from the 1.19 level, may be coming to an end.
We look at several indicators that are close to confirming that this market may be set to head lower.
Read full article... Read full article...
Saturday, July 17, 2010
What the Big Mac Can Tell You about Currencies / Currencies / Forex Trading
Currencies have experienced a massive wave of volatility in the past three years. Driving some of that volatility are the early stages of a sovereign debt and currency crisis.
As I laid out in my June 26 Money and Markets column, history suggests many of the sovereign debt problems in the world will likely be responded to with competitive currency devaluations. So it’s reasonable to expect large moves in currencies.
Read full article... Read full article...
Saturday, July 17, 2010
Japanese Yen Draws Safe Haven Share / Currencies / Japanese Yen
As long as US economic data shows fresh round of deterioration, and the Eurozone is able to supress event risk on the sovereign front, the Japanese yen shall cotinue to draw the lion's share of risk-aversion flows away from the USD. But let's first go over the USD's recent decline before further dissecting the yen flows.
Read full article... Read full article...
Friday, July 16, 2010
Time for U.S. Dollar Bounce as Peter Schiff Forecasts Dollar Rout / Currencies / US Dollar
The time for a dollar bounce is at hand. One reason I make that statement is the single best contrarian indicator on the US dollar has spoken.
Read full article... Read full article...
Friday, July 16, 2010
Fresh Support in EUR/CHF Now Visible / Currencies / Forex Trading
So far in 2010 the bears in EUR/CHF have been the clear dominant force. Any support found has proved fleeting. Recently a temporary halt in downtrend was seen, so it is appropriate to take stock of the technical position.
Read full article... Read full article...
Friday, July 16, 2010
British Pound Perks Up, Can the Uptrend Be Sustained? / Currencies / British Pound
The Pound suffered a steep sell-off against both the Euro and the Dollar during the financial crisis/recession as the UK’s public finances deteriorated at a faster pace than other developed economies.
Indeed, as the recession seemed to go on longer than in many other G7 economies, the Pound at one point looked at risk of breaking par against the Euro and approaching lows not seen since the mid 1980’s against the Dollar.
Read full article... Read full article...
Friday, July 16, 2010
Euro Currency Rally Good for Gold / Currencies / Euro
The euro rally versus the dollar has really started to gain steam, propelling the euro to retest a major resistance plateau (formerly support) at 1.2880, which if hurdled and sustained will argue for additional strength that next should confront the sharply declining 200 DMA, now at 1.3315.
Read full article... Read full article...