The Euro and the U.S. Dollar are engaged in a duel of the fates right now…
You don’t have to be a forex trader to understand that currency pairs tell us a lot about the markets.
When the Euro strengthens, the market is “risk on.” People are feeling positive, they’re making investments, and they’re ready to take on risk.
Ironically, when the USD strengthens, people are often coming out of the Euro and are buying U.S. Treasuries (you have to have USD to do that.)
So over the next few weeks, watch the relationship between the Euro and the USD to see which way the market might turn!
Love the heck outta you,
Rob
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.
Post a Comment
Post a Comment