Don't hammer the U.S. dollar when it's down - Foreign Exchange
It is explained by Mike Baghdady why investors would benefit to hold off on trading the british sterling for the time being and look rather to the mighty u.s. dollar - it's having a rough time. it's at the bottom and now, the only direction is up...
In my thirty three years of trading foreign exchange, I've never seen such plundering around the US dollar.
The downturn that viewed the collapse and near-devastation of some of the world's biggest financial institutions, changed the playing field for all of us.
But just a few months later, the United States Treasury's 430billion pound bail-out is getting repaid and those same financial institutions are reporting huge profits and paying out very large bonuses. Having said that, house foreclosures, the core of the United States economy, have gone to two million since the year 2006, and unemployment is at ten %.
In life of this contradictory information, it's worth to remind ourselves that, despite the pounding it still gets on the markets, it's never a good idea to kick the U.S. dollar when it's down.
via fxstreet
It is explained by Mike Baghdady why investors would benefit to hold off on trading the british sterling for the time being and look rather to the mighty u.s. dollar - it's having a rough time. it's at the bottom and now, the only direction is up...
In my thirty three years of trading foreign exchange, I've never seen such plundering around the US dollar.
The downturn that viewed the collapse and near-devastation of some of the world's biggest financial institutions, changed the playing field for all of us.
But just a few months later, the United States Treasury's 430billion pound bail-out is getting repaid and those same financial institutions are reporting huge profits and paying out very large bonuses. Having said that, house foreclosures, the core of the United States economy, have gone to two million since the year 2006, and unemployment is at ten %.
In life of this contradictory information, it's worth to remind ourselves that, despite the pounding it still gets on the markets, it's never a good idea to kick the U.S. dollar when it's down.
via fxstreet
