Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, June 17, 2019
King Dollar Rides Higher Creating Pressures On Foreign Economies / Currencies / US Dollar
By: Chris_Vermeulen
One of the biggest movers of the day on Friday was the US dollar. The US stock market appeared very weak prior to the opening bell and precious metals, especially gold, appeared to be rocketing higher. Almost right from the open, the markets washed out the fear and changed direction. The US dollar did the same thing.
This renewed strength in the US dollar continues to baffle foreign investors and foreign governments as they continue to try to support their economies and currencies against a stronger and more agile US economy and currency. Even as the US dollar strength is frustrating many investors, it is also attempting to keep a lid on traditional safe havens such as precious metals.
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Tuesday, June 11, 2019
How Forex Indicators are Getting Even More Attention in the Market? / Currencies / Forex Trading
By: Submissions
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Tuesday, June 04, 2019
New U.S. Sanctions Spark Blowback Against Federal Reserve Note Dollar System / Currencies / US Dollar
By: MoneyMetals
U.S. leaders are demanding the rest of the world recognize economic sanctions and stop buying Iranian oil. The U.K., Germany, France, Russia, China, and India are among the nations who don’t fully support the sanctions and would rather not pay higher prices for oil elsewhere.
American officials more and more often resort to delivering ultimatums, both to adversaries and allies alike. Nations that do not follow orders stand to lose access to the U.S. financial system and could face trade sanctions of their own. That is a serious threat.
Monday, May 27, 2019
Bitcoin Price Stalls Near $8100 / Currencies / Bitcoin
By: Chris_Vermeulen
After an incredible 7+week rally in Bitcoin, from $3700 to above $8000, the current price action is setting up for what may become an extended Pennant/Flag formation with quite a bit of sideways trading ahead.
Our researchers believe the past 7+ weeks rally in Bitcoin was prompted by a shift away from risk in Asia/China and into more suitable protection assets. Cryptos appear to be the easy choice for many as this rally coincided with the April 3rd through 6th US/China trade talks in Washington, DC (https://www.scmp.com/economy/china-economy/article/3004961/us-says-theres-still-significant-work-be-done-trade-talks). It appears that many investors were preparing for a difficult deadline after the March 1st deadline for a deal was pushed back. These early April trade talks may have been interpreted as a “do or die” effort from both sides. Again, shortly after the May 1st US/China trade talks in Beijing, Bitcoin began another rally from the $5200 level all the way up to the $8000 level.
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Thursday, May 23, 2019
Eye Opening Currency Charts – Why Precious Metals Are Falling / Currencies / Forex Trading
By: Chris_Vermeulen
The incredible strength of the US Dollar over the past 12+ months has put downward pricing pressure on Gold and Silver. I believe this downward pricing pressure could be muting any upside price advanced in Gold and Silver by as much as 20% to 30% or more.
The US Dollar has turned into the global “safe-haven” for international investors and foreign governments. Over the past 6 to 12 months, or more, the US Dollar has been the only fiat currency to see any strength and upward trend. All the other major global currency levels have fallen – some dramatically lower.
The EUR, GBP, AUD, CAD, and CHF have all fallen sharply over the past 6 to 12 months as the strength of the US Dollar and US Economy continued to surprise many. We’ve been calling this a “capital shift” that started back in 2015~2016 – when the 2016 US Election cycle began and China began to implement capital controls. At the same time, foreign nations such as Brazil and Venezuela began to shift into an economic abyss while the UK dealt with BREXIT negotiations. All of these external factors created an environment where the US Dollar became a global safe-haven for global investors – all of which were seeking US equities and US Dollars to hedge weakening foreign currencies and weak foreign stock market performance.
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Thursday, May 23, 2019
Elliott Wave Analysis of GBPUSD / Currencies / British Pound
By: WavePatternTraders
I suspect a relief bounce is close at hand for some of the GBP pairs, when we look at the decline from the May 2019 high, the new low on pairs such as GBPCHF and GBPCAD are supportive that the new low on GBPUSD is most likely the 5th wave of an impulse wave (5 wave decline) from 13176.A partial rally in 3 waves is favored soon, that can offer an opportunity for traders that are looking to sell GBPUSD, stops need to be placed at 13176. That is likely to align with a bounce on pairs like GBPCHF and GBPCAD etc.
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Thursday, May 23, 2019
Bitcoin's Strong Extensions Warn The Bear May Try To Come Back / Currencies / Bitcoin
By: Avi_Gilburt
In our last update, we stated that Bitcoin was providing us the minimum price patterns to suggest that a bull market was under way. Moreover, we were looking for a standard corrective pullback to solidify the bull market case.
But when the price action is too strong, it can flash warnings signals. This is clearly what we have seen over the last week or two. Price is always king, and we must not act emotionally as price barrels upward. We must continue to put price action to the test, as it is the only truth in the market.
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Thursday, May 23, 2019
The Euro Is Bidding Its Time: A Reversal at Hand? / Currencies / Euro
By: Nadia_Simmons
Relentlessly, the USD Index keeps pushing higher. The euro has come under pressure earlier today though it looks to have stabilized. How close are we to the euro flashing a buy signal and how strong would that have to be to make us act? Is it time to change sides and make another quick buck or two this way? And what about the rest of our profitable positions?
Friday, May 17, 2019
The Use of Technical Analysis for Forex Traders / Currencies / Forex Trading
By: Submissions
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Thursday, May 16, 2019
Learn to Protect your Forex Trading Capital / Currencies / Forex Trading
By: Boris_Dzhingarov
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Tuesday, May 14, 2019
As cryptocurrency wallets become more popular, will cryptocurrencies replace traditional payments? / Currencies / BlockChain
By: Umer_Mahmood
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Friday, May 10, 2019
Bitcoin Bull Market Is Back / Currencies / Bitcoin
By: Avi_Gilburt
I am hoping that the title to this article will mark the local top to the rally off the December 2018 lows in Bitcoin. (smile) But, that does not change our perspective that it is likely that Bitcoin has resumed its bull market run.
As we came into 2019, Ryan Wilday and I have been publishing articles about Bitcoin, with our ideal targets for the initial rally off its December 2018 lows pointing to the $6000-7000 region before a top forms. And, as we now find ourselves in our target region, we now can count the minimum number of waves in Bitcoin to mark a near term top. Therefore, as I write this article while Bitcoin is hovering around $6,050, we are still looking a bit higher in the near term, but with more caution than prior articles.
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Thursday, May 09, 2019
Bitcoin Setting Up For Another Drop / Currencies / Bitcoin
By: Chris_Vermeulen
Last year just days before the big Bitcoin breakdown we notified everyone publicly to get ready for a swift drop from $6000 to $4000 which played out perfectly within a few days. Our cycle system and technical analysis skills combined can pack a powerful punch and this one of those incredible moves where the stars aligned for us as traders.
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Friday, April 26, 2019
The Euro Is Down. But Is It Really Out? / Currencies / Euro
By: Nadia_Simmons
We’ve seen quite decent currency moves in recent days. And the market ain’t exactly sleepy today, either. Let’s put these moves into the picture. The implications lead us to make serious decisions. Is there a more pleasant sound than ringing a cashier’s bell? Ringing YOUR cashier’s bell, that is. Just see what we’ve exactly decided to do right now.
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Wednesday, April 17, 2019
How Central Bank Gold Buying is Undermining the US Dollar / Currencies / US Dollar
By: Richard_Mills
Ahead of the Herd has been digging into why central banks are buying a lot of gold recently . What we’ve found is eyebrow-raising, to say the least. It may be the best reason you’ve ever read for wanting to buy gold.
Take this headline from the Northern Miner: “Editorial: Central banks are major gold buyers in 2019”. Citing statistics from the World Gold Council, the Northern Miner reports that central banks netted 51 tonnes in gold purchases, the most since October 2018, when they increased gold held in central bank vaults by 105 tonnes. Switching to ounces, the Miner states that gold holdings grew by a startling 2.9 million ounces in January and February 2019, versus 1.9 Moz during the same period of 2018. This is the highest level of gold buying by central banks since the first two months of 2008 - during the financial crisis.
Central banks backed up the truck for gold in 2018, buying 651.5 tonnes versus 375 tonnes in 2017. That’s the largest net purchase of gold since 1967.
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Tuesday, April 09, 2019
What Does Bitcoin’s Surge Reveal? / Currencies / Bitcoin
By: Rodney_Johnson
If you went to the store two days in a row and all the prices had gone down by 20% on the second day, would you wonder what was going on?What if prices jumped 10% one day, then fell 7% the next?
What if, over the course of a year, prices skyrocketed by 400%?
This is what the world is like for those who view Bitcoin as currency.
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Monday, April 08, 2019
What’s Next for the U.S. Dollar? / Currencies / US Dollar
By: Gary_Tanashian
People don’t understand gold. They don’t understand the U.S. dollar either.Mostly, it’s the same people.
Gold bugs thought we were debasing the dollar by printing our way out of the 2008/9 financial crisis. Ha! Actually, the dollar has been rising since the start of that recession. The dollar, not gold, is actually the safe haven for the markets.
Right now, it’s range bound, but the dollar strengthened as much as 47%, at its best, during the last 11 years.
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Monday, April 08, 2019
US Dollar Key Fundamentals / Currencies / US Dollar
By: Gary_Tanashian
A reminder that we are not using the standard gold bug method of evaluating the USD (perma “death to the dollar!!”). We are using fundamentals in evaluating its potential to correct (and launch a global macro trade). The blue shaded boxes on this weekly chart tell the story of Fed policy (Fed Funds/3 mo. T-Bill) that significantly lagged the upturn in the 2yr yield into late 2015. But USD turned up much earlier (in 2014) to follow the 2yr.
Today we have an opposite situation. The 2yr has turned down (putting the Fed in dove mode) but Fed policy is going sideways. We are relatively early in a new blue box and if the correlation between USD and the 2yr holds (in reverse) either USD will correct soon or the 2yr will rise again (and whipsaw an increasingly clownish looking Fed).
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Sunday, April 07, 2019
Litecoin – Love It Or Hate It / Currencies / BlockChain
By: Sumeet_Manhas
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Friday, April 05, 2019
Canadian Dollar May Be Setting Up For An Upside Breakout / Currencies / Canadian $
By: Chris_Vermeulen
Our researchers, at Technical Traders Ltd., believe a current pennant/flag formation in the Canadian Dollar is suggesting an upside breakout move may be setting up over the next 5~7+ days. Recently, the Canadian Dollar has weakened from 0.76875 to lows near 0.74375. Current price rotation is almost perfectly aligned with Fibonacci Price theory suggesting that the recent failure to establish any new lower price level (highlighted on this chart in MAGENTA), suggests a tightening price range as the current pennant/flag formation completes over the next 5~7+ days. It is our belief that as long as the current price level stays above the 0.74375 level throughout the completed pennant apex, an upside price break is very likely.
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