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 | Money In Motion: Currency Trading
Another Day, Another Low
The most crowded short on Wall is paying off big time this summer as the euro continues to hit new multi-year lows and flirt with levels not seen since 2006. A number of investment banks have already lowered their year-end targets, calling for sub-1.20 levels in just the next few months. But in a twist, all that negative sentiment could in actually benefit the euro in the short-term, as any good news out of Europe could spark a short squeeze. So how low will it go, and what's the best way to short it now? We'll tell you what key levels to watch and how our pros are playing the euro.
Playing The Bernanke "Put"
If the Fed chief were an option, he'd be the most sought after put on Wall Street. And that's precisely the role traders hope Bernanke will play when he testifies before congress next week. His musings on the state of the economy will generate headlines, but what investors really want to know is if he will utter the three words that instantly put traders into a tizzy: Q-E-3. We will preview with a top reporter who always has his finger on the pulse of the Fed's next move and give you the trade ahead of the event.
Gold Breakdown or Breakout?
And is bullion setting up for a sharp breakout, or breakdown? The dollar's gain has been gold's pain, but according to several technicians, the pattern on the gold chart is signaling a major near term move one way or the other. We'll tell you what that pattern is, and what it could mean for gold's next move.
That's all coming up tomorrow on Money in Motion Currency Trading.
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