Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.Monday, November 05, 2007
US Dollar in the Doldrums / Currencies / US Dollar
The Dollar again grabbed the headlines last week as it hit all time lows against the Euro and levels not seen in generations against the Pound & Canadian Dollar.Read full article... Read full article...
Tuesday, October 30, 2007
US Dollar Haunted by the Ghosts of Halloween / Currencies / US Dollar
The story of Halloween goes back over 2000 years to the ancient Celts. Druidic priests regarded October 31st as the end of the year. Not only was it their day for celebrating the year's harvest, but also a festival for honoring the dead. In order to appease the wandering spirits that they believed roamed at night, the Celtic priests made fires in which they burned sacrifices, made charms, and cast spells.Read full article... Read full article...
Monday, October 29, 2007
Is an International Currency Crisis on the Way? / Currencies / US Dollar
In trying to resolve the basic issue of where prices go from here, we have to balance short-term market momentum against the increasing drag of economic reality and we have to weigh the price enhancing effects of inflationary monetary policy and deliberate currency neglect against the price depressive ones of a meaningful frustration of current entrepreneurial assumptions. We then have to grope towards some tentative conclusions on the vexed issue of whether the cycle in Asia (and, indeed, in Continental Europe) has achieved sufficient automotive power for it to ride out any more serious abatement of Atlantic Rim over-demand.Read full article... Read full article...
Sunday, October 28, 2007
Dollar Devaluation Is Annihilating the Middle Class and Worse is Yet to Come! / Currencies / US Dollar
You Want to Know Why You Feel Like You are Struggling Financially?
Because the U.S. Dollar Has Just Been Devalued
by a Third Over the Past Five Years.
And more devaluation is coming. Perhaps another 50 percent. The markets are convinced that the Fed is going to drop rates again on Halloween by another half percentage point. This means hyperinflation, and all markets moved accordingly Friday. The Dollar hit a new low, at 77.00, and is worth 53 percent of what a Euro is worth.
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Friday, October 26, 2007
Sovereign Wealth Funds Are A Booster Shot for the Yen / Currencies / Japanese Yen
Jack Crooks writes: It's often been said that when the U.S. sneezes, economies around the world catch a cold.
But even as health warnings of a 'superbug' staph infection spread across the U.S., our weakened economy appears much less contagious to the outside world than it has in years past.
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Sunday, October 21, 2007
America's Forgotten War Against the Central Banks / Currencies / US Dollar
Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty)
Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe.
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Friday, October 19, 2007
The US Dollar Still Stuck In a Rut / Currencies / US Dollar
Jack Crooks writes: The finance ministers of six leading nations — Germany, France, Italy, Britain, Canada, and Japan — will meet with Treasury Secretary Henry Paulson in Washington today. And you can bet there's one topic they'll definitely want to discuss — the falling dollar.
How could they not? The dollar is as distressed as ever … the Canadian loonie is trading at multi-decade highs … and the euro has hit levels never before seen.
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Thursday, October 18, 2007
US Dollar Continues to Give Way Against Japanese Yen / Currencies / Japanese Yen
The dollar is very weak in general today versus both the euro and even the yen, which could be a change of profile, as in a more generalized, global exodus out of the greenback that will get the attention of the G-7 monetary authorities. Be that as it may, today's up-gap in the CurrencyShares Japanese Yen Trust (NYSE: FXY) reflects yen strength as the currency heads for a test of the 114 Aug-Oct support line. Right now the dollar is trading at 115.60/65, and my work argues for downside continuation against the yen, which will lift the FXY over the 86.70 level on the way to 88.00 immediately thereafter.Read full article... Read full article...
Sunday, October 14, 2007
US Dollar Bear Market Could Run for Many More Years / Currencies / US Dollar
Jack Crooks writes: A rip current can suck even experienced ocean-goers out to sea. So it's no surprise that a weaker swimmer doesn't stand a chance amid such a powerful force.
Right now, the U.S. dollar is in a similar situation. The greenback has been caught up in a sea of fierce selling pressure. All it can do is flail out in the open waters, growing tired and weak. And even news that would normally be positive for the buck doesn't seem able to save it.
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Friday, October 12, 2007
Why a Weak US Dollar Hurts U.S. Manufacturers / Currencies / US Economy
The vast majority of economists are currently hailing the freefall of the dollar as a windfall for American business. While some domestic manufacturers may enjoy some initial benefits from a weaker dollar, they will ultimately suffer many adverse consequences as well. More importantly, the dollar's demise is a disaster for American consumers.Read full article... Read full article...
Thursday, October 11, 2007
The Sinking US Dollar! / Currencies / US Dollar
Look at that graph. That's a bull market in action. It just can no longer be held back. I've watched gold shifting back and forth and there is clearly resistance above 700. Yes, there below is my baby. Struggling now to top out at 750 an ounce. Go for it little one.
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Wednesday, October 10, 2007
GOLD THOUGHTS - US Dollar Reaction to Employment Figures Manipulation - From -4000 to +89000 / Currencies / US Dollar
Economic collusion? Bailout Ben Bernanke needed some help before September meeting on U.S. interest rates. He needed economic numbers to justify an interest rate cut intended to bailout the banks. U.S. Department of Labor(DOL) apparently was quite willing to aid the FOMC. DOL reported, before FOMC meeting, that U.S. employment fell by 4000 jobs. With this report, the FOMC moved to lower U.S. interest rates.Read full article... Read full article...
Tuesday, October 09, 2007
What is Happening to the US Dollar? / Currencies / US Dollar
Reading about the US dollar has once again brought home to me just how little our economic commentariat understand about the links between exchange rates, money supply and the balance of payments. Even today misconceptions about the balance of payments are still deeply rooted in mercantilist thought. Mercantilists came to theorise that an increased volume of gold would have the effect of stimulating production and increasing national wealth. They therefore concluded that an export surplus would make a country prosperous. They further reasoned that a trade deficit would eventually drain the kingdom of precious metals and thereby impoverish it.Read full article... Read full article...
Friday, October 05, 2007
Are There Too Many US Dollar Bears? / Currencies / US Dollar
As a contrarian, it is my nature to worry when too many people start agreeing with me. Currently, many of my most vocal critics, who had previously ridiculed my warnings about the dollar, now concede that it will continue to decline. With so many people now on the bandwagon, some currency watchers have asserted that sentiment now has nowhere to go but up, and that the stage is set for a dollar rally. Although I am unnerved by the company, I take solace in the fact that the conclusions that many of these nouveau-dollar bears draw are completely off the mark.Read full article... Read full article...
Friday, October 05, 2007
The Rush Out of the US Dollar - Watch These Key Currency Moves! / Currencies / US Dollar
Last week, I said the U.S. dollar could get whacked by blows from both the Middle East and the Far East. I told you how Saudi Arabia was backing away from its allegiance to the greenback and that other countries throughout the Gulf — and Asia — could soon do the same thing.
Now, we're hearing even more rumblings from both fronts …
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Wednesday, October 03, 2007
Loss of Confidence in the US Dollar As it Crashes Towards USD 40! / Currencies / US Dollar
Dollar Faith & Failed Trinity: Faith and confidence in the USDollar, in management of the US banking system, in the viability of the USEconomic structure, in the image of Wall Street honesty, and in the integrity of USGovt federal finances are all at historic lows. Repair seems close to impossible. The US Congress, the current presidential Administration, the USFederal Reserve, and the US Dept of Treasury together appear to be in the center of a grotesque policy failure morass.Read full article... Read full article...
Monday, October 01, 2007
US Dollar Crash - Explosion in Currencies, Gold, Crude Oil, Food! Urgent Steps ... / Currencies / US Dollar
The dollar's crash is now so fast and so severe, it's setting off nearly every other market on the planet:
Foreign currencies are exploding!
The euro has just catapulted to 1.427, its seventh consecutive all-time record high.
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Friday, September 28, 2007
A One-Two Punch for the US Dollar from the East / Currencies / US Dollar
Jack Crooks writes: The U.S. dollar index has just plunged to its lowest level of all time.
Back in 1992, its extreme intraday low was 78.19. Yesterday, it reached 78.16 – a historic event that signals a stronger and more imminent cascade of selling to hit the dollar from all sides.
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Friday, September 21, 2007
Bernanke and the Saudis Punish the US Dollar! / Currencies / US Dollar
Jack Crooks writes: With the dollar barely above an all-time low against a basket of the world's major currencies, two major events have now burst onto the scene, slamming it even further:
First, Ben Bernanke and his friends at the Federal Reserve decided to give the stock markets a generous gift, but in the process, have also decided to abandon any vestige of support for the U.S. dollar.
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Wednesday, September 19, 2007
US Dollar Downtrend into March 2008 / Currencies / US Dollar
Morning all, I have looked at the USD and there are many uncertainties about how things unfold. There are some clues presented that suggest the new course the USD is likely to ensue over the course of the next 2 years. The dollar failing to have any resistance on the path below 80 required acceptance that the USD was going below 80. If a triangle is still forming, it is going to have a descending angle to it, which poses very bearish upon its resolution (still mid to late 2009).Read full article... Read full article...