Today the euro finally broke its H&S neckline, to get in line with USD, which broke above its IH&S neckline a few days ago. What is interesting is how the USD benefited during the US led meltdown of 2008 and also during the European meltdown happening now.
People can hate the USD all they want, but it is still the currency the world seems to come running to when it needs to get liquid. This is why I am never afraid to hold large % of USD cash when I feel markets are unclear. The euro has long been another of the anti-USD asset market plays.
http://www.biiwii.blogspot.com
http://www.biiwii.com
People can hate the USD all they want, but it is still the currency the world seems to come running to when it needs to get liquid. This is why I am never afraid to hold large % of USD cash when I feel markets are unclear. The euro has long been another of the anti-USD asset market plays.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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