Questions, Answers And A Tip: Trade The Eurgbp

  1. Can the US Dollar Actually Go Up during this crises and soon?

Yes indeed! The fact that traders should realize is that this is a global crises. Its a contraction of confidence around the world. Just look at the GBP and the EUR and how its behaving. Britain and the Eurozone have their own problems as well! The DXY ( US Dollar Index is actually right in the middle at .78 2 points off its Sept 15th low and 2 points off the 9/11 high of .80. Thats telling you something.

  1. What other signs are there that are dollar positive?

Well, its the fact that its bad everywhere. New Zealand is in a recession. Australia is slowed down. Asian markets are down fearing global slowdown. So its a set up soon for a rebound.

  1. With all of this dollar turbulence is there a way to trade the currencies that we should know?

Actually, its a great time to look at Crosspairs. Look at the EURGBP in particular.With both the EUROZONE AND THE POUND STERLING facing major pressures, one of the best trading currencies is the EURGBP cross pair. It is in a great sideways range and bounce trades off Resistance and Support is now a high probability trade.

  1. What is the best pair to trade in response to FEAR in the US markets.

I have stated that the USDJPY is behaving incredibly in sync with the S&P. Also look at the GBPJPY pair.

:cool: