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Faber Warns of A Currency Collapse

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Posted by Dr. Marc Faber - Gloom Boom & Doom Report - Gloom Boom & Doom Report

on Monday, 15 August 2016 13:07

IN THIS INTERVIEW:
- Ahead: a crisis worse than 2008 ►0:54
- Young adults will earn less than their parents and die with less than their parents ►2:56
- How to weather the hard times ahead ►7:41
- How much gold is enough? ►11:01
- What form of precious metals is best? ►13:27
- U.S. presidential race ►15:12

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Currency

Gold against Foreign Currencies Update

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Posted by Jordan Roy-Byrne - The Daily Gold

on Monday, 15 August 2016 06:54

It is the dog days of summer. The metals are trading below their recent highs while the miners continue to be on the cusp of their next leg higher. In any event we remain bullish as we expect the next big move to be higher not lower. One reason, among many is Gold remains strong against foreign currencies and that often is a leading indicator for the sector at large. This is something we track often and we wanted to provide an update during the slowest period of the year.

In the chart below we plot Gold against foreign currencies and Gold in normal, US$ terms. To be clear Gold against foreign currencies (Gold/FC) is Gold against the currency basket that comprises the US$ index. Since the new millennium Gold/FC has been an excellent leading indicator for the sector. Note that Gold/FC has made new highs ahead of Gold and made positive divergences before the three most important lows of the past 16 years (2016, 2008, 2001). In fact, the action from 2014-2015 shows strong similarities to 1999-2000. Moreover, note that at its peak a few weeks ago, Gold/FC was within 8% of its all time high. That is the equivalent of nearly $1750/oz in US$ terms.

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Currency

Bullish sentiment continues for U.S. dollar

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Posted by Futures - Stock Commodity Options & Forex Strategy

on Thursday, 11 August 2016 09:44

Dollar 0Dollar bears were installed with inspiration following the weak U.S. productivity data, which created a cloud of uncertainty over the likelihood of the Federal Reserve raising U.S. rates in 2016. U.S. productivity has fallen for the third consecutive quarter, which may simply heighten fears of a deceleration in Q3 GDP consequently obstructing efforts taken by the Fed to break the trend of central bank caution. Although July’s blockbuster nonfarm payrolls of 255,000 initially bolstered expectations of a probable rate hike as close as September, investors have returned to normality with the CME FedWatch tool displaying a 40.6% probability of a December hike. Overall, despite yesterday’s soft productivity data, sentiment still remains somewhat bullish towards the dollar and the encouraging outlook towards the U.S. economy could provide a foundation for bulls to send the U.S. Dollar Index higher.

Stock market rally cools


.....continue reading HERE

...also: Martin Armstrong: Europe on the Brink of Complete Chaos?



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Currency

US Dollar Set For Massive Smackdown

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Posted by Austin Galt - The Voodoo Analyst

on Monday, 01 August 2016 06:09

The US Dollar Index price action has played out exactly as forecast in recent subscriber analysis. That analysis reduced the price expectation for the bear rally and the recent high of 97.62 was a bingo hit.

Let's review the technicals beginning with the daily chart.

US Dollar Index Daily Chart

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Currency

Yen surges on moderate BoJ stimulus

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Posted by Futures - Stock Commodity Options & Forex Strategy - Stock Commodity Options & Forex Strategy

on Friday, 29 July 2016 10:59

yen reuters 0A moderate stimulus package from the Bank of Japan overnight got the final trading day of the week off to a disappointing start, leaving traders to look towards the large number of earnings and data releases today to pick them up again.

Days like today once again make you question whether the central banks really are reaching the limits of what the markets consider to be effective monetary stimulus tools. With interest rates already negative and government bond purchases at or near the limit of what is feasible, central banks have had to pursue other unconventional tools which have failed to get the markets too excited.

...continue reading HERE



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