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Forex Archives | Page 15 of 17 | Elliott Wave Analytics

  • Commodities Oversold, Eyeing The Dollar.
    By on October 26, 2011 | 38 Comments38 Comments  Comments
    Below are trading range charts for 10 major commodities from the Bespoke Group.  All 10 commodities are currently at or below the bottom of their trading ranges, which would suggest at the moment, a good opportunity to get in at oversold levels for investors looking to gain long-term exposure. How...
  • Hyperinflation: Can It Happen Here?
    By on October 17, 2011 | 53 Comments53 Comments  Comments
    By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes, Economic Consequences of Peace Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loan...
  • Politics vs Economics: The Futile China Currency Bill...
    By on October 12, 2011 | No Comments  Comments
    The latest move on China politics at Washington is the China currency bill, due at the U.S. Senate on Tuesday, Oct. 11.  The proposal would levy tariffs on China and four other Asian countries for artificially depressing the value of their currencies to boost their exports. To us, it seems eviden...
  • Are Credit Markets Wrong This Time?.
    By on September 28, 2011 | 59 Comments59 Comments  Comments
    Once again credit refuses to follow along with the strategy of hope that equities are using. They refuse to accept proposed and rumored bailouts of Europe. They refuse to accept economic weakness as simply transitory. In fact credit markets are hitting multi decade if not all time lows. Credit marke...
  • The Euro Once Again.
    By on September 27, 2011 | 46 Comments46 Comments  Comments
    Slow growth is embedding itself solidly into the US economy and the bond mayhem in Europe continues.  The external environment for China is getting worse.  This will almost certainly make China’s adjustment – when Beijing finally gets serious about it – all the more difficult.  With stil...
  • Dollar Indicator Suggesting Financial Blizzard?.
    By on September 23, 2011 | 38 Comments38 Comments  Comments
    Yesterday morning, before the Fed’s announcement of the “New Twist” program, I discussed with Financial Professionals and Investors that when it came to portfolio construction, “Risk Off” was the real theme at hand. (See first chart below.) Click for a larger image Th...
  • Friday Market Review.
    By on September 12, 2011 | 43 Comments43 Comments  Comments
    Lots of technical damage done on Friday across multiple asset classes. From a major move lower in copper reminiscent of the August equity selloff to 60 year lows on 10 year intraday yield a lot happened. Below are a number of charts in no set order. The SPX did manage to find support at the bottom o...
  • The Dollar Remains The Only Essential Currency.
    By on September 12, 2011 | 61 Comments61 Comments  Comments
    The only way to value the dollar is in the context of a mercantilist, export-dependent global economy anchored by a sole “importer of last resort,” the U.S., which funds these vast imports with its fiat currency, the dollar. Yesterday I explained why a gold-backed currency cannot replac...
  • Can Safe Havens Be Risky?.
    By on September 10, 2011 | 60 Comments60 Comments  Comments
    Safe havens have done really well of late. Owners of the Swiss Franc, TLT and Gold have seen their values move sharply higher. When building a portfolio, are there times that investors should look at these safe havens as riskier than normal? Last week I suggested that the Swiss Franc was facing a re...
  • Greece Out Of Money By October 17.
    By on September 9, 2011 | 370 Comments370 Comments  Comments
    Inquiring minds have watched Greek 1-Year bond yields approach 100%. 2-year Greek bonds yield 55% (assuming interest and principal is paid – but it will not be). Greece will be out of money no later than October 17 unless it gets the next trance of money as noted in Prospect of empty coffers ...
  • Why a Gold-Backed Currency Doesn’t Work.
    By on September 9, 2011 | 323 Comments323 Comments  Comments
    The demise of the dollar as the grease of global trade would trigger global depression, political instability and the end of the Status Quo everywhere. No wonder it’s still around.Yesterday I set up the historical context for understanding “currency wars” and the key role of export...
  • Update: Gold, Silver and the U.S. Dollar.
    By on August 18, 2011 | No Comments  Comments
    My last update on the long-term performance of the Dollar, Gold and Silver was posted on April 25th, just four days before the S&P 500 set its interim high (click to view). Here now is a fresh look and the world’s reserve currency and the two metals, starting with a 20-year timeline for th...
  • Foreign Capital, Go Home!.
    By on August 18, 2011 | 44 Comments44 Comments  Comments
    Is the PBoC going to stop buying USG bonds?  Once again we are hearing very worried noises from various sectors about the possibility of a reduction in Chinese purchases of USG bonds.  Here is what an article the South China Morning Post said: China will press ahead with diversification of it...
  • (Un)happy Birthday, Fiat Money.
    By on August 16, 2011 | 36 Comments36 Comments  Comments
    Forty years ago today, on the morning of Sunday, August 15, 1971, the US president, Richard Nixon, declared the inconvertibility of the dollar into gold.[1] The 20,000 tons of the yellow metal deposited in Fort Knox in 1944 had decreased substantially due to the high military costs of the Vietnam W...
  • Currencies – A Long Term View.
    By on July 5, 2011 | 43 Comments43 Comments  Comments
    Elliott Wave Theory is based on the psychology of the masses which forms patterns. I use these patterns as well as the general sentiment in my forecasting. In addition, I take into consideration the behaviour of the commercial traders. The USD is at a cross roads relative to other major currencie...
  • Looking To Harness The Power Of Financial Markets?
    By on June 9, 2011 | No Comments  Comments
    Looking to harness the power of financial markets? Heard about financial trading and want to try it for yourself? It’s a financial trading and investing platform that puts you at the centre of financial markets. With the world’s largest community of financial traders, a simplified ...

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