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GLV, EVCA, CME, CMSB - PennyToBuck.com Investment News! - Clough Global Allocation Fund, Evcarco Inc, CME Group, CMS Bancorp Inc
The UPTREND read on the EURO (FX) that was initiated 8 business days ago has gained +300 points. This comes after the prior DOWNTREND read that lasted for over 130 business and gained +2500 points(very rare).
The chart on the website - http://www.thedowinlivingcolor.com - also notes that the ANTICIPATED LOW was only 8 points off the ACTUAL LOW OF THE DAY.
The euro continues to show some weakness against its major peers like the dollar and yen as concerns that some of the euro zone nations may dump the use of the currency build up. The European Central Bank, as we know, cannot extend its hand solely to a single country since it was tasked to monitor and regulate the financial system of the entire euro zone.
In light of the number of manufacturing and goods producing jobs lost in America over the past decade, it’s no wonder why many in Washington and on Main St. are clamoring for a trade and currency war with China. The raucous has grown so loud that Congress, Treasury and the Commerce department may soon be forced to declare China a currency manipulator.
FOREX: How to analyze the Australian Dollar (new video)
Many traders look at the Australian dollar (AUD) and the Canadian dollar (CAD) as commodity plays. Both countries are rich in natural resources and that seems to be a key element to the recent moves in both of these currencies.
FOREX: Taking another look at the British Pound (new video)
FOREX: How we analyze the Dollar Index (new video)
Is the Dollar Index in trouble?
According to the dollar index (DX), which is a basket of currencies that track the dollar, it would appear as though the dollar is indeed going to be coming under more pressure. The dollar index is much like an index for stocks except in this case it is for currencies.
US Dollar Role Uncertain As Risk Appetite Meets Depression Potential
How often has the term ‘depression’ been used to describe the conditions in the US and global economies? What are the symptoms of this infrequently experienced economic storm? These are the questions that will shape the dollar’s future not just a week ahead but for months to come. DailyFX provides the latest in forex trading news.
Industrial production in U.K. marked its worst streak since 1980 as the outputs dropped another 1.0% in February after sliding 2.7% in the previous month. Weakening demands from home and abroad lowered the annualized reading in January, with the largest annual decline since the series began in 1949.