 | Money In Motion: Currency Trading
The Fiscal Cliff and the Dollar
The U.S. economy is one week closer to the fiscal cliff, and investors are getting more and more nervous about the massive tax increases and budget cuts set to go into effect on January 1st. The Congressional Budget warns that falling off the cliff could push the United States back into recession— but even if Washington can avert disaster, some tax hikes and budget cuts are certainly in the cards. Our big question: what does it all mean for the dollar? And if you're worried about the cliff's effect on your stock holdings, what currency pairs should you look to for some portfolio protection? Our pros will discuss, and give you the trade.
The Japanese Election and the Yen
This week, the Yen suffered its biggest one-day drop in two months. Why? Well, the fall came after Japanese Prime Minister Yoshihiko Noda said that he will dissolve the lower house of Parliament, which would lead to an election that Noda's party will likely lose. The yen drop comes from the fact that the party that is set to win advocates further qualitative easing. So is there still room to get short yen – or is there an even smarter way to trade Japan's political upheaval? We'll have that discussion, and our pros will find your best trade.
Is Gold the Best Bet for the Rest of the Year?
Why has gold done so well over the past two weeks? Well, just re-read the above. Concerns about the fiscal cliff have left investors reaching for safe havens, and if Japan does ease further, many suspect the BOJ may look to park some of its new Yen in gold. So is gold your best bet between now and year's end? We'll break down the pros and cons of owning it and give you the levels to watch.
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