Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, September 30, 2009
Euro Dollar and Japanese Yen Forex Trading / Currencies / Forex Trading
By: ForexPros
The Euro stopped just below the most important resistance in yesterday's report 1.4639 (Asian session high was 1.4631). But even though, it is trading now above the falling channel, after it succeeded in breaking it. Still, we can spot a trendline that stopped the Euro, which is the rising trendline from inside the falling channel. We can clearly see that price stopped accurately at this line, running currently at 1.4639, the most important resistance for today as it was for yesterday.
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Tuesday, September 29, 2009
Euro Dollar Continues Short-term Trend Within Tight Channel / Currencies / Forex Trading
By: ForexPros
Moving steady inside the falling channel on the intraday charts, the Euro approached the top of the channel five times, without breaking it, which indicates that the falling trend (for the short-term is still safe. As long as price does not break this channel to the upside, the short-term downtrend will go on, and try to reach the end of the channel, which is below 1.45, during this week.Read full article... Read full article...
Tuesday, September 29, 2009
U.S. Dollar the One Investment That Might Be About to Bottom / Currencies / US Dollar
By: Graham_Summers
As I’ve noted several times on these pages, the US stock market and US dollar are trading at a near perfect inverse correlation. With stocks extremely overbought and reaching a critical point of potential resistance, any bounce in the dollar could kick off a rapid collapse in the US stock markets.
Monday, September 28, 2009
Bernanke’s Grand Strategy to Let the U.S. Dollar Fall / Currencies / US Dollar
By: Larry_Edelson
By now it should be abundantly clear to you that my warnings are coming to pass. Gold is acting firm, having made a new 12-month high above $1,000 an ounce, and within a whisker of a new record high.
And while it might not fully blast off yet, in time, it will — to well over $2,000 an ounce … then even higher to $3,000 … and ultimately, probably by the middle of the next decade, even to $5,000.
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Monday, September 28, 2009
U.S. Dollar Crashes Against Yen! Time to Act! / Currencies / US Dollar
By: Martin_D_Weiss
Martin here with an urgent update on the dramatic events that took place late last week and what they could ultimately mean for you …
Just when the worldwide onslaught against the U.S. dollar seemed to be temporarily subsiding, a new round of attacks hit Friday — this time from Japan.
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Sunday, September 27, 2009
British Pound Devaluation Delusions / Currencies / British Pound
By: Phill_Tomlinson
"It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued."
Harold Wilson, British Prime Minister, after the Pounds devaluation in 1967
"A weak currency arises from a weak economy which in turn is the result of a weak Government."
Gordon Brown, During the Pounds devaluation after it was withdrawn from the ERM
Friday, September 25, 2009
U.S. Dollar Forecast, Major Low in Q4 of 2011 / Currencies / US Dollar
By: INO
The dollar will hit a major low in Q4 of 2011. Watch this short video and see how I came up with this bold forecast.
Friday, September 25, 2009
US Dollar Index, What the Bulls Need To Happen / Currencies / Forex Trading
By: Seven_Days_Ahead
Over the last few months the Dollar Index has been grinding lower, recently reaching a Fibonacci projection we had been looking at. However, there is nothing bullish about the daily chart yet – there are certain hurdles that bulls need to get round before a recovery phase can be trumpeted.
Friday, September 25, 2009
Does the Bank of England Want a Weak British Pound? / Currencies / British Pound
By: Seven_Days_Ahead
After a steep sell off against both the Dollar and the Euro in the wake of the financial crisis, the Pound began to bottom out during the 1st quarter of this year, as it became evident that other G7 economies were doing as badly as the UK, if not worse.
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Friday, September 25, 2009
British Pound Undermined by the Bank of England, Sterling Bear Market Resumes / Currencies / British Pound
By: Nadeem_Walayat
The Bank of England and Mervyn King's recent announcements in the mainstream press have clearly been aimed at sending the markets a signal that official policy favours a weak currency so as to support the economic recovery by boosting the export sector. The reaction in the markets was for a swift drop in the exchange rate across all major currencies and most notably against the Euro which triggered a fall of over 8% from the recent high of 1.20 to below 1.10
Thursday, September 24, 2009
U.S. Dollar Up While Crude Oil Slips / Currencies / US Dollar
By: Mike_Paulenoff
Ok... which is the chicken, and which is the egg? To find a starting point, let's look at the key timeframe during the major market turns that occurred duing Feb. and March 2009. Crude Oil prices hit a low (with equity prices) at $44.01, while at the same time risk averse investors finally bought enough dollars (from Dec, 2008) in their acute flight to safety. Since then, equity and oil prices have climbed sharply, while the daily Dollar index (DXY) gave up all of its panic flight to safety gains in what looks like a panic back into riskier assets-- perhaps until recently. In the case of oil and the US Oil Fund ETF (USO), prices actually peaked in June, at which time they went into a contracting coil pattern that appears to have ended yesterday with a resolution to the dowside.
Thursday, September 24, 2009
How to Get Rich Trading Forex- Video / Currencies / Forex Trading
By: INO
I'm not going to say a lot about this new video, but I recommend that you watch it. It's an eye-opener.
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Thursday, September 24, 2009
Euro Drops to Support After Fed Statement Boosts U.S. Dollar / Currencies / Forex Trading
By: ForexPros
As all other majors, the Euro dropped significantly after the Fed, and went back to 1.4685, but it stood its ground and spent the whole Asian session above 1.47. This return could provide us with the chance to retest the falling and broken trendline, inside the rising channel, which is currently at 1.4646, which is the support of the day.Read full article... Read full article...
Wednesday, September 23, 2009
New Deadly U.S. Dollar Carry Trade / Currencies / US Dollar
By: Jim_Willie_CB
A powerful hidden engine existed for close to 20 years called the Yen Carry Trade. The engine produced tainted trillion$ for its priviliged participants, whose access to cheap money was assured and whose control of government policy was tight. The engine served two important purposes. It kept the Japanese Yen currency exchange rate low, sufficient for maintaining the export juggernaut that sent products around global supply routes with names like Toyota, Honda, Komatsu, Mitsubishi, Nikon, Toshiba, and Fuji for a string of years. It also supplied a torrent of funds to feed both the Japanese and Western (think US, UK, Europe) financial markets its most important channel in existence.
Wednesday, September 23, 2009
Euro Reaches New High Against U.S. Dollar for 2009 / Currencies / Futures Trading
By: ForexPros
As expected, the Euro reached 1.48 for the first time this year, and also reached the first target suggested in yesterday's report, which leaves the second target 1.4901 ahead of us, could we see it today? The current advance is still climbing (slowly we might add) without showing exhaustion, and the top of the current channel is at 1.49, these thing support the probability of going up. On the other hand, a divergence case on the RSI is developing as we speak, supporting the opposite scenario.Read full article... Read full article...
Tuesday, September 22, 2009
Strong Euro Dollar Bounces off Support / Currencies / Forex Trading
By: ForexPros
The Euro held around the secondary Fibonacci support of 23.6%, which is in the 1.4620 area, and went back up to above 1.47. The "limited" move of yesterday had "limited" effect. We have re-drawn the channel, to make it comprehensive, and to include all the price behavior since the beginning of the month.
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Monday, September 21, 2009
EUR/GBP Bulls Bolstered By Break of 88.00 Barrier / Currencies / Forex Trading
By: Seven_Days_Ahead
Bulls in EUR/GBP have taken their time to emerge, much of Jun/Jul/Aug marked by a consolidation phase. We had tended towards a positive resolution of this, and there is scope for this cross rate to move higher shorter term.
Monday, September 21, 2009
Euro Dollar at Important Support Level / Currencies / Forex Trading
By: ForexPros
The Euro is approaching at this very moment the bottom of the rising channel on the hourly chart, and in the same area we noticed an intraday support that has shown itself several times lately, which adds more importance to this level. Reaching this area is the most important test for the EURUSD since reaching 1.4766 last Thursday.Read full article... Read full article...
Saturday, September 19, 2009
U.S. Dollar Imminent Upside Reversal? / Currencies / US Dollar
By: Sy_Harding
The U.S. dollar fell to a 12-month low against most major currencies on Thursday, with by far the majority of currency traders believing it will continue its freefall. And on the fundamentals, the dollar doesn’t seem to have much going for it to reverse the trend.
Friday, September 18, 2009
U.S. Dollar Index, The Trend Is Your Friend / Currencies / US Dollar
By: Guy_Lerner
In identifying the Dollar Index (symbol: $DXY) as the key asset class to watch, I relied upon two strategies for guidance to make the call on June 19, 2009 that that this was a "Very Dangerous Time For The Dollar Index". So far, things are working out as expected.
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