 | Money In Motion: Currency Trading
The slow melt-up in so-called risk currencies knows no end. The Aussie, Kiwi and even the Euro have made strong moves against the dollar in recent weeks as the prospect of financial Armageddon begins to ease, if not fade. But a crucial test looms large next week with the release of the all-important jobs report. Investors are waiting for some type of breakout number to confirm this rally, but any unexpected bad news is sure to put it in peril. So what's the trade ahead of the event? We will preview and tell you how our pros are playing it using currencies.
Plus, is the yen finally ready to crack? It has been the second most hated currency (behind the Euro), but has remained stubbornly near its all-time highs because of its status as a safe haven currency. But many experts are beginning to question that resilience as Japan's worsening fiscal condition accelerates. And traders are starting to pile into bearish positions. So should you follow along? We'll explain, and tell you what levels and catalysts to watch for when playing the yen.
And you could call it the $4 trillion dollar question: Does the currency market buy the rally in stocks? There are certain currency pairs that closely correlate to the overall equity markets, and even if you don't trade currencies, theses pairs can be a great tell for where stocks are going next. We'll tell you what they are and what they are saying about the stock market's next move.
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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Money In Motion Currency Class
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