 | Money In Motion: Currency Trading
IS THE POUND THE NEW YEN?
This week, the pound dropped to levels it has not seen since July of 2010. This after Bank of England meeting minutes revealed that Governor Mervyn King, along with two other members of its monetary policy committee, made an unsuccessful push to increase qualitative easing. And things could get even hairier from the pound when King passes the reins to Canada's Mark Carney, who is expected to be a far move dovish governor. So does this all mean that the pound will replace the yen as the greatest short of 2013? We'll give you the outlook, and tell you how to trade the pound today.
SEQUESTRATION AND THE DOLLAR
It's the market's latest worry out of Washington: sequestration. That mouthful refers to the federal spending cuts that will be automatically be triggered on March 1st unless Congress can reach a permanent agreement to avert it. Traders are no longer holding their breath for that to happen – so how big an effect can this have on the American economy and the U.S. dollar? We'll discuss the outlook, and tell you what to watch out for in the week ahead.
WHAT'S NEXT FOR GOLD?
We told you last week that gold would tumble – and this week the pain is here. So what's next for the yellow metal? We'll check the charts, discuss the fundamentals, and tell you everything you need to know about where gold will go next.
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