What do you think is going to happen to the EURO vs the U.S. Dollar in the next month? Today on our 1 pm update we will be looking into the trend of the EURO and point out some very interesting traits about the Forex markets.
Please feel free to vote and add your comments.
Every Success,
The MarketClub Team
It's that time of year again when everyone who is considered an "expert" comes out of their ivory towers and makes their annual market predictions for the New Year.
I can honestly say that I wish I had a crystal ball like these other forecasters, but that's not quite how the markets work. You see, markets don't give a "Rats A**" about what forecasters say or what predictions economists make. The market is the only true voice out there.
Think about that for a moment. How many predictions do you remember that were even close to being spot on a year in advance? I remember several forecasts for 2010 and most of them were far from accurate.
Does it make any sense to trade on a year-end forecast, not knowing what can happen in this crazy world we live in? It doesn't make any sense to me or to other professional traders who never trade based on year-end predictions.
So let's get back to reality and take a look back on 2010 to see what the big trends are showing for 2011.
Late last week we produced a video on the euro (which was posted on our blog on Monday), making a case that the currency was very close, if not at its highs. Since then, we have had two significant events fall into place which made the dollar skyrocket against the euro.
My new video shows you exactly what transpired and where we are so far this week. I think you'll find it interesting and informative.
As always our videos are free to watch and there is no need for registration.
I would appreciate that if you have comments on this market that you please leave them on the blog for everyone to see.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
In this short video we take an in-depth look at the euro and its relationship to the US dollar. The recent sharp rally in the euro, up from the 1.19 level, may be coming to an end.
We look at several indicators that are close to confirming that this market may be set to head lower.
As always our videos are free to watch and there is no need for registration. We would love to get your feedback of this market on our blog, so please feel free to comment.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
The dollar index, which put in a strong performance in the first six months of the year, pulled back from its recent highs and appears to be in defensive mode.
If you are not familiar with the US dollar index (USDX), it is an index, or measure, of the value of the United States dollar relative to a basket of foreign currencies.
Its weighted geometric mean of the dollar's value is compared with these currencies in the following percentages:
* Euro (EUR), 57.6% weight
*Japanese Yen (JPY), 13.6% weight
* Pound sterling (GBP), 11.9% weight
* Canadian dollar (CAD), 9.1% weight
* Swedish krona (SEK), 4.2% weight
* Swiss franc (CHF) 3.6% weight
In this short educational video, I point out what we see in the dollar index and the reason why we think a potential rally may be in the foreseeable future.
As always our videos are free to watch and there is no need for registration.
If you'd like to make a comment on this or any of our videos, please go to the Trader's Blog and let us know your thoughts.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
