Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, June 21, 2009
Why “BRIC” Posturing Against the U.S. Dollar Just Doesn’t Add Up / Currencies / US Dollar
By: Money_and_Markets
Bryan Rich writes: The dollar has been publicly attacked on many fronts over the past three months. And endless accusations have been made that the U.S. is purposely trying to devalue the dollar to lessen its growing debt burden.
Saturday, June 20, 2009
Very Dangerous Time For Dollar Index / Currencies / US Dollar
By: Guy_Lerner
I don't want to get into the prediction game or even be the first one to say, "I told you so", but I believe the Dollar Index (symbol: $DXY) has a very high likelihood of embarking on a major down swing in the coming weeks.
Friday, June 19, 2009
Forex Pairs Analysis and Trading / Currencies / Forex Trading
By: INO
We are going to be doing something a little bit different today as we analyze the forex markets. Examining the forex markets is nothing new, but we have never gone through 13 pairs of cross rates on the fly. I also show you a quick and effective way to analyze the dollar index at the same time.
Friday, June 19, 2009
USD/CHF Base to Complete Soon / Currencies / Forex Trading
By: Seven_Days_Ahead
With a recovery phase in the US Dollar now deemed to be in progress (see last week’s US Dollar Index Update) we now look at the technical levels on the USD/CHF chart, and what could give this pair a boost.
Thursday, June 18, 2009
Protect Yourself From the Volatile U.S. Dollar with Currency ETFs / Currencies / Exchange Traded Funds
By: Money_and_Markets
Ron Rowland writes: You’ve seen the headlines: U.S. Dollar Plunges! U.S. Dollar Surges!
Why should you care? More to the point, why won’t the dollar just hold still?
Read full article... Read full article...
Thursday, June 18, 2009
EUR and JPY / Currencies / Forex Trading
By: ForexPros
The last three days have seen the EUR march higher. This has created a short term uptrend. Support is at 1.3910, with trend line support at 1.3860, and beyond that 1.3820, 1.3800.Read full article... Read full article...
Thursday, June 18, 2009
BRIC's Moving Towards a New Financial World Order / Currencies / Global Financial System
By: Global_Research
Natalia Kovalenko writes: During their summits in the Russian city of Yekaterinburg on Tuesday, SCO and BRIC members urged the creation of a new global financial security system, reiterating their drive to act in concert to weather the economic meltdown.
Read full article... Read full article...
Wednesday, June 17, 2009
BRIC Countries Flying Kites For Independence from the American Financial System / Currencies / Fiat Currency
By: John_Browne
This week, the BRIC countries (Brazil, Russia, India, and China) conspicuously gathered in Moscow for their first-ever economic summit. Although these countries are divided by culture and geography, they are united by healthy economic growth and their concern about unprecedented levels of U.S. debt and the safety of their respective reserves.
Wednesday, June 17, 2009
Euro Fails Above $1.40 / Currencies / Forex Trading
By: LiveCharts
After a roughly two week stint flirting mostly above the $1.40 level, the Euro has fallen back to a current rate at $1.3834 (June 16). The Euro has steadily dropped from a peak over $1.43 on June 2nd. It has operated on a downward progression from the $1.40 level for the last three days.Read full article... Read full article...
Wednesday, June 17, 2009
EUR/USD Pulls Off Lows / Currencies / Forex Trading
By: ForexPros
The pair pull off the early lows set yesterday. The 1.3750 level held on the downside but the 1.3935 area also held on the upside.Read full article... Read full article...
Tuesday, June 16, 2009
U.S. Dollar: the Good, the Bad and the Ugly / Currencies / US Dollar
By: Axel_Merk
Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Let’s look at this puzzle and make some sense of it.
Tuesday, June 16, 2009
EUR/USD Breaks Support / Currencies / Forex Trading
By: ForexPros
The pair broke below the 1.3800 level. A sustained break of this level points to a further decline in the rate as indicated by the topping pattern. So far the pair has managed to stay above the 1.3750 level which is a rising trend line support area.Read full article... Read full article...
Monday, June 15, 2009
EUR/USD Bigger Correction? / Currencies / Forex Trading
By: ForexPros
The pair failed to hold above the 1.4150 last week and is now heading towards the lower extent of the range. Support should be found at 1.3940, 1.3900 and beyond that 1.3800. A move beyond 1.3800 would point to a more complete correction.Read full article... Read full article...
Sunday, June 14, 2009
How long Can the U.S. Dollar Last as the World’s Reserve Currency? / Currencies / US Dollar
By: Global_Research
Bob Chapman writes: The big question is how long can the dollar last as the world’s reserve currency? Needless to say, that is not an easy question to answer. We recently called the top on the dollar at 89.50 on the USDX. The USDX is six currencies versus the dollar on a weighted basis. More than a year ago the dollar hit a low on the USDX at 71.18. A phenomenal rally ensued from that level expedited by de-leveraging and the closing out positions within the carry trade. A good example of the carry trade was when a bank in NYC borrowed yen. At ½% interest, sold the yen for dollars and bought dollar denominated securities.
Thursday, June 11, 2009
US Dollar Index Embarking on Voyage of Recovery… / Currencies / US Dollar
By: Seven_Days_Ahead
…at the least over the shorter term. Last week the US Dollar Index started to rebound from technical support, aided by an interesting ‘Fibonacci’ projection which we detail below. Our bullish view here underpins our thinking across a range of markets that we cover in the FX Trading Guide, where we have adopted some early, somewhat aggressive reverse stances.
Thursday, June 11, 2009
EUR/USD Forex Trading / Currencies / Forex Trading
By: ForexPros
The EUR rose in early trading and is currently testing the 1.4050 resistance level, which is a former support level.Read full article... Read full article...
Wednesday, June 10, 2009
Falling Stock Markets Still Key for the U.S. Dollar / Currencies / US Dollar
By: Ashraf_Laidi
The intermarket relationship underpinning the US currency and global equities remains largely unhinged, with falling equities persisting as the longe saviour for the corroding US dollar. And so once again the falling US dollar got a fresh respite from a falling stock market. Earlier in the day, the dollar seemed to succumb to one of those typical selling waves after better than expected UK housing numbers, improving confidence figures in Australia and higher than expected Norwegian inflation -- all of which bolstered the rally of these currencies against the greenback. Such figures reduce the need for quantitative easing in these economies, which only add to a widening in their yield differential ahead of the US currency.
Wednesday, June 10, 2009
EUR/USD Range Break Pending / Currencies / Forex Trading
By: ForexPros
The pair is nestled in a congestion area of old support and resistance levels. The range is currently 1.4050-1.4100. Based on average daily movements we can expect at least 90-100+ pips of movement outside of this this range.Read full article... Read full article...
Saturday, June 06, 2009
Will the British Pound Get Pounded? / Currencies / British Pound
By: Money_and_Markets
Bryan Rich writes: When financial markets were on the way down, risk aversion reigned and every investment that was deemed risky crashed. The U.S. dollar and 10-year Treasuries did well as global investors fled to safety.
But for the last three months this trade has been in retracement mode. And the further it has retraced, the more it has fueled optimism in the outlook for a recovery.
Read full article... Read full article...
Friday, June 05, 2009
USD/SGD Key Reversal Day Heralds Rebound / Currencies / Forex Trading
By: Seven_Days_Ahead
The Daily charts of the markets we follow in the FX TRADING GUIDE are littered with Key Reversal Days and Almost-Key Reversal Days from earlier this week. We’ll be looking at all of these in next week’s Guide, but here we have chosen USD/SGD as an example – rebound is on the cards.