{"id":31931,"date":"2015-02-18T08:37:39","date_gmt":"2015-02-18T13:37:39","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=31931"},"modified":"2015-02-17T20:37:53","modified_gmt":"2015-02-18T01:37:53","slug":"the-currency-war-has-expanded-to-new-fronts","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2015\/02\/the-currency-war-has-expanded-to-new-fronts\/","title":{"rendered":"The Currency War Has Expanded to New Fronts"},"content":{"rendered":"

By: Elliott Wave International<\/span><\/h3>\n

Editor's note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International. All data is as of Jan. 30, 2015. Click here to read the complete version of the article, including specific near-term forecasts, for free.<\/a><\/span><\/span><\/i><\/p>\n

The \"Currency War\" we discussed in our October issue of The Elliott Wave Financial Forecast<\/i> and again in the January issue has expanded to new fronts, as world central banks fought to remain economically competitive by trying to push down the value of their currencies.<\/p>\n

Singapore became at least the ninth nation to \"jump on the easing bandwagon\" in January, employing loose monetary measures designed to reduce the value of the Singapore dollar.<\/p>\n

Our long term bullish forecast for the U.S. dollar remains on track, and this month the Dollar Index jumped to 95.527, retracing 50% of its decline from 121.020 in July 2011 to 70.700 in March 2008.<\/p>\n

\"Everyone
\nSome chart labels have been redacted to preserve value for EWI's paying subscribers. To get access to the fully labeled chart, click here.<\/a><\/span><\/p>\n

Short term, the rally is stretched like a taut piece of rope: Prices have closed higher for 30 out of the past 39 weeks. Recently, a 10-day average of a poll of currency traders (courtesy trade-futures.com) showed 93.7% dollar bulls, an all-time record high. Also, Large Speculators in futures and options, who are generally trend-followers, now hold an all-time record net-long position of 72,897 contracts, as shown on the above chart.<\/p>\n

The extreme in these measures shows the strength of the rally but also reflects a trend that is ripe for a correction.<\/p>\n

Click here to continue reading the complete version of the article as part of a lengthy excerpt from the newest issue -- including specific market forecasts, fully labeled charts and more -- 100% free.<\/em><\/a><\/p>\n

\n

This article was syndicated by Elliott Wave International and was originally published under the headline The Currency War Has Expanded to New Fronts<\/strong><\/a>. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By: Elliott Wave International Editor's note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International. All data is as of Jan. 30, 2015. Click here to read the complete version of the article, including specific near-term forecasts, for free. The \"Currency War\" […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[169,7270,7271,7269,7272,6102,4944,6544],"class_list":["post-31931","post","type-post","status-publish","format-standard","hentry","category-general","tag-elliott-wave-international","tag-loose-monetary-measures","tag-singapore-dollar","tag-the-currency-war","tag-the-currency-war-has-expanded-to-new-fronts","tag-the-elliott-wave-financial-forecast","tag-u-s-dollar","tag-u-s-dollar-index"],"yoast_head":"\nThe Currency War Has Expanded to New Fronts - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2015\/02\/the-currency-war-has-expanded-to-new-fronts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Currency War Has Expanded to New Fronts - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"By: Elliott Wave International Editor's note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International. 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