 | Money In Motion: Currency Trading
It is the most painful short in the history of trading: betting against the euro. There are a million reasons to hate the currency: Europe's economy remains stuck in the toilet, the Greeks are sure to revolt against the latest reforms, and Portugal looms large in the background. And yet despite all this, the euro's slow melt-up continues, with the currency reaching a two-month high against the dollar. Will the move continue, and is euro 1.50, once unthinkable, a growing reality? We 'll explains and tell you how our pros are playing the rally.
Plus, the Bank of Japan convenes next week and many expect further intervention is on the way. The yen's record rise is killing the country's export-driven economy, and any relief will have to come in the form of a weaker yen. That means the BoJ could turn on the printing presses, and that could help stem the dollar's relentless rise against the yen. We'll tell you how to play this potential catalyst, and what levels to get short JPY.
And could the rally down under be showing signs of being over? The low rate policies of central banks around the world has fueled a rally in so-called "risk" currencies. That has helped the New Zealand dollar and Australian dollar to near six-month highs. How long can this last, and how can you profit from these moves? Our pros will break it all down.
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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