currency

The euro as presently configured is doomed due to structural imbalances between mercantilist and consumer nations. A "euro1 and euro2" system would allow a face-saving demise to euroland's single currency.

I've got a bad feeling about the Euro: the structural imbalances I presented yesterday irrevocably doom the single currency.

A short recap of the most popular posts on tradeprofits in 2009. Check it out.

Following the Japanese crash in the early 1990s, the government spent in an attempt to keep the economy afloat. Between 1990 and 2008, central government debt surged from $2.2 trillion to $8.5 trillion as the feds pumped out cash. Much of this went to public works. Roads, bridges and yes, swimming pools.

Why you should never trust these long sales letters. Here is a perfect example. Check it out

In the last several trading days, I've been watching the dollar strengthen, which, if you've been reading my articles, doesn't make a lot of sense -- at least not on the surface. The Fed (and every other major central bank) is creating currency and easing credit more than ever in history, and that, by definition, is inflationary.

Henry Liu has updated his free currency meter. It is way better than before, and still free for everyone. Check it out..

For a second consecutive day, the Japanese Yen is under pressure after a Bank of Japan official expressed his concern about the rise in the currency. Despite official denials, the BoJ seems ready to intervene if the Yen continues to appreciate too much. The Bank of Japan and the Japanese government want to avoid currency volatility.

Dean Saunders is out with a new service called Forex Mentor Pro. I have written a short preview of the service here. Check it out..

Timothy Sykes is selling all his products at 50% discount today and tomorrow. Check it out here..

A new site called Investimonials has launched. Check it out and see how you can get a free copy of the book "An American Hedge Fund"..

Friday's action gave us one of the best examples of the ‘Rounded Reversal' Day Structural developments. Let's take a quick look at both the intraday SPY 5-min and 1-min chart and use this day as an educational reference of this concept.

Stocks are falling in the early moments of trading as the dollar strengthens further, and after a week of mixed economic reports.

A new site called MyFxBook has been launched. It is a social platform for forex traders, where you can track all the details of your trades. Check it out here.