 | Money In Motion: Currency Trading
JUST SELL, BABY
Legendary football coach Al Davis had a simple motto for his beloved Raiders: Just win, baby. If he were a currency trader, a similar phrase might apply: Just sell, baby. The capital flight from Spanish and Greek banks has not only called into question the long-term viability of Europe's common currency, it has also exposed the inadequate "delay and pray" approach favored by E.U. policy makers. In the absence of the of any serious ECB action, traders are left with a simple game plan for the euro: just sell. The question now, against what? We will reveal how our pros are playing the euro's demise and how you can make money.
DRAGHI'S MOMENT OF TRUTH
Will he or won't he? Next week, there will be no fewer than four central bank meetings. But there is one that matters most to currency traders: the ECB's. Time is running out for President Mario Draghi. Rate cuts are losing their luster. So too are the LTROs. So will he unveil what everyone - save the Germans – wants: the printing press? We will preview and give the trade.
TAX OUR WAY TO PROSPERITY?
Plus, tomorrow will bring the all-important jobs report, and whatever the number is, most will agree that the economic recovery has been tepid at best. So are higher taxes the remedy? So says the man who many consider the father of the modern tax code: David Stockman, former OMB Director under President Ronald Reagan.
That's all coming up tomorrow on Money in Motion Currency Trading.
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