China Looking to Regulate Gold & Bitcoin

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Posted by Martin Armstrong - Armstrong Economics

on Friday, 10 February 2017 06:29


bitcoin-300x200China has called all Bitcoin exchanges to a closed door meeting looking to shut down the flight of capital from China. China is looking to deal with the expected trade confrontation with Trump and looking to shut down the flow of capital that has been putting a downward pressure on their currency. We can see that the US dollar has risen for 35 months and this will be seen as a currency war by Trump for his advisers from Goldman Sachs are clueless assuming markets can simply be bullied or manipulated with power.

Our sources are also hinting China may tighten the quotas on importing gold even more since their actions last November (see FT). China is trying to curb the flight of capital which has contributed to the greenback’s rise for 35 months. However, with Europe tottering on the edge, the next country to withdraw from the EU may set off a collapse of the euro and that will only cause a surge higher yet in the dollar impacting China negatively with regard to trade disputes.

....also from Martin: 


U.S. Exorbitant Privilege At Risk?!

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Posted by Axel Merk - Merk Investments LLC

on Wednesday, 08 February 2017 06:38

If the road to hell is paved with good intentions, American’s exorbitant privilege might be at risk with broad implications for the U.S. dollar and investors’ portfolios. Let me explain.


The U.S. was the anchor of the Bretton Woods agreement that collapsed when former President Nixon ended the dollar’s convertibility into gold in 1971. Yet even when off the remnants of the gold standard, the U.S. has continued to be the currency in which many countries hold their foreign reserves. Why is that, what are the benefits and what are the implications if this were under threat?



US Dollar Bulls Surrender ?

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Posted by Rambus Chartology

on Monday, 06 February 2017 06:56

The US dollar has now closed lower for 6 weeks in a row which is testing the patience of the bulls. This week the price action cracked the top rail of the horizontal trading range which is a negative, but not confirmation yet the trend has reversed down. There are several more layers of support that will need to be hit before I throw up the white flag and surrender to the bears.

This first chart is just a simple daily line chart which shows the US dollar closed just below the top rail today (friday) at 99.84.


.... for more analysis and larger charts go HERE


Forex Trading Alert: USD Index at Fresh Lows

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Posted by Nadia Simmons - Sunshine Profits

on Friday, 03 February 2017 11:23

Forex Trading Alert originally published on Feb 2, 2017, 8:14 AM

Earlier today, the USD Index extended losses against the basket of the major currencies as yesterday's Fed statement didn't give clear signal on the timing of its next rate hike. How did this drop affect the technical picture of EUR/USD, USD/CAD and AUD/USD?

In our opinion, the following forex trading positions are justified – summary:

EUR/USD: none
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none


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Trump seems determined to punish the U.S. dollar

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Posted by Mark DeCambre - MarketWatch

on Thursday, 02 February 2017 07:32

MW-FE890 trump  20170201091243 ZHThe dollar unraveled in January and some see more declines in its future

On Jan. 17, currency traders pushed the dollar lower after Trump expressed concern about the strength of the currency, describing it as “too strong,” considering where currencies like China’s yuan USDCNY, +0.0058%  and the Japanese yen USDJPY, -0.69%  were trading. Yesterday, Trump’s National Trade Council head, Peter Navarro, in an interview with the Financial Times (paywall), sparked a sharp rise in the euro USDEUR, -0.3446%  versus the dollar. 

The action prompted Steve Barrow, currency and fixed-income analyst at Standard Bank in a Wednesday note to forecast that the roller-coaster ride for the buck would likely end with greenback significantly lower at the end of Trump’s tenure in the White House. Barrow predicts a 10% near-term rise for greenback followed by “a multiyear downtrend that sees this entire rise, and much more, reversed as we head towards the next election.”

...continue reading HERE

....related: Trump is waving adios to the longstanding ‘strong dollar policy’

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