 | Money In Motion: Currency Trading
The Euro's fall has been stunning and severe, and if history is any indication, the pain could be just starting. That's because since 2005, the Euro has fallen from January to February in four out of the last six years, and with Europe's debt crisis showing few signs of abating, many currency traders are speculating that it is only a matter of time before Euro/dollar breaks through 1.20. So what's that best way to play that move, and what entry points should you look for? We will explain and give you the currency trade that could help you ring in a happy new year.
Plus, it may have been a painfully slow week in terms of events, but things will heat up next Friday with the release of the all-important jobs report, and currency traders are already making their moves. The big question for investors: Will a strong report ignite a rally in so-called risk-on currencies? The answer could make for a lucrative trade, and our pros will show you which pairs to play and what levels to get in.
And you can call it the Bullion Bust. Gold is officially in bear market territory, having fallen some 20% from its peak in August. Some market participants believe the decline is due to technical pressures. Others see it as a direct result of the recent dollar surge. Either way, gold's decline has many portfolio managers seeing red, but it has given currency traders an opportunity. We will explain why, and show you how gold's pain could be your gain in the currency markets.
That's all coming up tomorrow in a jammed packed edition of Money in Motion Currency Trading.
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MONEY IN MOTION CURRENCY TRADING BLOG
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