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Wednesday’s Drivers: China Growth Slows, UK Employment Grows

marctomarket.com / By Marc Chandler / April 15, 2014

The US dollar is firmer against the yen and dollar-bloc currencies, but is weaker against the euro and especially, sterling. Sterling has been lifted by an unexpected decline in the unemployment rate to below 7%, the threshold under the previous forward guidance framework.

The news spurred [...]

Gold Forecast & Major Currency Is Collapsing

gold-eagle.com / By Chris Vermeulen / April 16, 2014

I want to make you aware of a possible major breakdown in the US dollar index and provide you with my gold forecast. If this scenario plays out then we will see the Euro explode to the upside and also see commodity based currencies like the [...]

More Intimations by the European Central Bank of Currency Confiscation

mises.ca / by Patrick Barron / April 14th, 2014

From today’s Open Europe news summary: Draghi suggests that the ECB could ease policy further to tackle strong euro Speaking at the spring meetings of the IMF and World Bank over the weekend, ECB President Mario Draghi said that the further strengthening of the euro “requires [...]

April 8: Gold and Silver Gain Almost 1%

silverseek.com / By Chris Mullen / April 8, 2014

The Metals:

Gold climbed $17.25 to $1313.75 in London before it chopped back lower in New York, but it still ended with a gain of 0.95%. Silver surged to as high as $20.18 and ended with a gain of 0.65%.

Euro gold rose to almost €949, [...]

Currency Positioning and Technical Outlook: Dollar Bloc Strength Against Euro Weakness

marctomarket.com / Marc Chandler / April 5, 2014

The dollar’s technical tone has improved against the complex of European currencies, but it remains soft against the dollar-bloc. There are a few macro-fundamental developments, like Draghi’s hint that the ECB may be getting closer to taking non-conventional measures and somewhat stronger US data that weighed on [...]

Great Graphic: Euro Holds Monthly Downtrend Line

marctomarket.com / April 3, 2014

This Great Graphic is the monthly bar chart of the euro. It was constructed on Bloomberg. It shows that the euro has been turned back from a monthly trend line drawn off the 2008 record high and the 2011 high near $1.50.

The euro’s demise has been long foretold, including [...]

Draghi QE “Reflection” Drops Euro, Pops Bonds/Stocks

zerohedge.com / by Tyler Durden / 04/03/2014 09:21 -0400

Despite Draghi’s explanation that a QE program in Europe (due to the greater extent of bank lending vs capital market financing) would not be “as efficient” as the Fed’s program, his comment that:

*DRAGHI SAYS COUNCIL WILL REFLECT HARD ON DESIGN OF QE

Has provided just [...]

France Seeks Forbearance

marctomarket.com / By Marc Chandler / March 1, 2014

French President Hollande, fresh from a stunning defeat in local elections is signaling that he will once seek the EC (and Germany’s) forbearance to relax the fiscal rules yet again for the euro zone’s second largest economy.

Yesterday INSEE reported that France’s 2013 budget deficit [...]

Stephan Bogner and the Rise of a Euro-Sino-Russian Superpower

theaureport.com / Brian Sylvester of The Mining Report / April 1, 2014

Stephan Bogner, mining analyst with Rockstone Research and CEO of Elementum International, views the crisis in Crimea as the beginning of a larger global powershift east of the Atlantic. In this interview with The Mining Report, Bogner details what these shifting power dynamics [...]

Saxo Bank CEO: Short The Euro As It’s A “Currency Of Mass Destruction”

zerohedge.com / by Tyler Durden / 04/01/2014 09:14 -0400

Authored by Lars Seier Christensen (CEO Saxo Bank) via his blog at TradingFloor.com,

Has The EUR Reached Its Biggest “Sell” Since Inception?

I have to admit that I have been surprised by the EUR’s resilience in recent months…

Readers of my past blogs and editorials elsewhere [...]

Imported Deflation and a New Currency War?

marctomarket.com / Marc Chandler / March 30, 2014

The lowest euro area CPI print in four years has not spurred investors to reconsider the outlook for this week’s ECB meeting. Most recognize the ECB is likely to shrug off today’s preliminary report. It is not clean, in the sense of the base effect of lower [...]

Daily Pfennig: It’s Opening Day!

caseyresearch.com / By Chuck Butler / March 31, 2014 8:40am

In This Issue.

* Currencies are mixed today. * Euro rallies after brief selloff. * RBA statement prints tonight. * Chuck is back!

It’s Opening Day!.

Good Day! And a Marvelous Monday to you! Yes, I’m back! And on what should be considered a national [...]

Citi: Why Does The Euro Refuse To Go Lower?

zerohedge.com / by Tyler Durden on 03/29/2014 19:10

Contrary to most consensus views (including Citi’s FX technical group) EURUSD has failed to move lower in 2014. Why?

Via Citi’s FX Technicals group,

We think there are some valid arguments which fit very well with the historic dynamic seen in 1997-1998.

If so then it [...]

Dollar Rises – Gold Sinks

traderdannorcini.blogspot.com / Dan Norcini / Thursday, March 27, 2014

Same story as yesterday – The US Dollar is gaining some ground at the expense of the Euro and that is undercutting the bullish case for gold.

Geopolitical concerns are still lurking around due to events in Ukraine but as long as the market feels [...]

ECB Chatter Weakens Euro; Dollar Rises

traderdannorcini.blogspot.com / By Dan Norcini / March 26, 2014

The chatter in the Forex markets today centered around the comments of Bundesbank President Weidman who seemed to be concerned about the low level of inflation in the Euro Zone. Throw in the comments of some other major European Central Bankers and that hit the Euro [...]

The Euro Is Not Overvalued (Nor Is Any Other Currency)

mises.org / By Frank Hollenbec / March 22, 2014

A common argument for dumping the Euro is that it is overvalued, and that the ECB (European Central Bank) is unwilling to correct this so-called “problem.” This overvaluation is regularly cited as being over 10 percent against the dollar. The Swiss central bank surrendered control of [...]

Daily Pfennig: Retail sales come in surprisingly strong

caseyresearch.com / By Chuck Butler / March 14, 2014 10:04am

In This Issue.

* US data surprise on the upside… * The Euro trades lower after ECB’s Draghi jawbones it down… * “Risk Off” day has investors turning back to safe havens… * Precious metals continue to climb…

And, Now, Today’s Pfennig For Your Thoughts!

[...]

Meanwhile, The Euro…

zerohedge.com / by Tyler Durden on 03/13/2014 13:59 -0400

It would appear that 1.39 EURUSD is the line in the sand for Mario Draghi. As pressures build on European competitiveness, Draghi appears to have finally got sick of China buying EURs to diversify its FX reserves away from USDs. This time “whatever it takes” [...]

Daily Pfennig: New Zealand central bank becomes the first to raise rates

caseyresearch.com / By Chuck Butler / March 13, 2014 8:38am

In This Issue.

* RBNZ becomes the first to raise rates… * China’s numbers fall short of expectations… * Euro rises to a 2 year high… * Gold pushes past $1,350 and Palladium gains momentum…

And, Now, Today’s Pfennig For Your Thoughts!

New Zealand central [...]

Currency Positioning and Technical Outlook: Better Dollar Tone Coming

marctomarket.com / Marc Chandler / March 8, 2014

The euro and Swiss franc rose to new highs since Q4 2011, while sterling moved to within half a cent of the best level since 2009 set in mid-February in recent days. The market was all rife with speculation of a break out. However, our reading of [...]

Daily Pfennig: Draghi Sets Off A Firestorm Of Euro Buying!

caseyresearch.com / By Chuck Butler / March 7, 2014 9:06am

In This Issue.

* Euro leads currencies on rally * Gold heads to $1,350, again. * It’s a Jobs Jamboree Friday. * Richard Russell!

Draghi Sets Off A Firestorm Of Euro Buying!

Good Day! And a Happy Friday to one and all! The first “fish [...]

The Dollar’s Long Term Decline

news.goldseek.com / By: Axel G. Merk / 6 March 2014

The cleanest of the dirty shirts doesn’t necessarily preserve your purchasing power. Sure, the U.S. dollar has beaten the Russian Ruble and some others of late, but when it comes to real competition, the U.S. dollar has taken a back seat. The U.S. dollar’s [...]

France Becoming Increasingly Euroskeptic: Poll Shows 52% of Workers Want to Leave the Euro, Only 34% of Workers Believe EU is a Good Thing

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Saturday, March 01, 2014 4:45 PM

The following bullet points are from the French Ipos Poll: New French fractures, results and analysis of the Ipsos/Steria.

Although a huge majority of French want to stay on the Euro, a majority of “workers” don’t.

Poll Conclusions

79% distrust the outside world [...]

Stiglitz: Leaving the Euro Painful but Staying in More Painful; Eurozone Breakup

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, February 28, 2014 2:57 PM

Nobel prize winning economist Joseph E. Stiglitz has come to the right conclusion Leaving the Euro Painful but Staying in More Painful.

Partial Transcript

Question: I want to probe you a bit on that small mistake of the euro. UYou seem to [...]

Daily Pfennig: Markets Think The Eurozone Needs More Stimulus

caseyresearch.com / By Chuck Butler / February 27, 2014

Currencies & metals get taken to the woodshed. Euro leads currencies back to the porch. A$ gets whacked on very weak CAPEX report. Frank Trotter adds a new index for us to follow! In This Issue.* Currencies & metals get taken to the woodshed. * Euro [...]

Daily Pfennig: Chuck Visits Two Seldom Talked About Currencies

caseyresearch.com / By Chuck Butler / February 26, 2014 8:18am

In This Issue.

* Currencies & metals trade in tight ranges again * Germany struggles with another bond auction… * Doctor Steve talks up rupees. * Singapore Industrial Production disappoints.

Chuck Visits Two Seldom Talked About Currencies

Good Day! And a Wonderful Wednesday to you! [...]

European Inflation Has Biggest Monthly Drop On Record

zerohedge.com / by Tyler Durden / 02/24/2014 09:17 -0500

For those who have been following the abysmal loan creation in Europe, which recently dropped to an all time low…

… today’s inflation, or rather make that deflation, data out of Europe should not come as much of a surprise. Then again, with January inflation posting [...]

Celente Warns On Dollar and Euro – “Which One Is Going To Go First?”

goldcore.com / By Mark O’Byrne / 19 February 2014

Trends forecaster, Gerald Celente, who correctly forecast the recent $10 billion taper, told Russia Today overnight that the Federal Reserve is again “blowing bubbles,” as is the ECB.

After the Nasdaq and property bubbles, we now have huge debt bubbles being created, said Celente. This is [...]

German Left (Die Linke) VP Claims “Euro Divides Europe, No Benefit to EU”

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, February 14, 2014 3:56 PM

In a Ziet Online interview, Sahra Wagenknecht, Die Linke vice president and economic spokesperson, says the “The euro splits Europe” and there is no benefit to the EU.

ZEIT ONLINE: Ms. Wagenknecht, what is the biggest advantage of the European Union mean [...]

EU Sign of the Times?

thedailybell.com / By Staff Report / February 14, 2014

The eurozone crisis is just getting started. The project to impose political union is bringing economic ruin, making the legitimacy of the EU project ever more vulnerable … In countries more obviously affected by the euro’s financial crisis, disillusionment with the European project [...]