Back in November I attended a one day seminar by Victor Sperandeo aka Trader Vic. I always admired Victor after reading about him in books such as Market Wizzards , Super Traders etc and then reading all his 3 books about trading. There are many successful traders out there , but Victor is unique. He is very smart, down to earth ,and always coming with new ideas,I enjoyed every minute in the class and learned a lot from a legend.
I never attended trading classes or seminars before and i doubt ill do so again, but if Vic does another class i definitely will attend.
Saturday, March 10, 2012
Sunday, September 23, 2007
The Fall Of the US Dollar
The Federal Reserve’s decision to cut interest rates this week may have been helpful to stocks but is bad news for the U.S. dollar.
The Canadian dollar rose above parity against the US dollar for the first time since 21 years ,helped by soaring oil,gold and commodity prices. The U.S. dollar dropped to an all time low against the Euro,and fell against the Swiss Franc, British Pound, Australian Dollar and Japanese Yen.
The best currency plays will be in Asian currencies, buying the Japanese Yen, through futures or buying the ETF symbol FXY, I also like Singapore, a good way to buy it is through the ETF symbol EWS.
I have been long the FXY and EWS and will buy more on any pullback.
The Canadian dollar rose above parity against the US dollar for the first time since 21 years ,helped by soaring oil,gold and commodity prices. The U.S. dollar dropped to an all time low against the Euro,and fell against the Swiss Franc, British Pound, Australian Dollar and Japanese Yen.
The best currency plays will be in Asian currencies, buying the Japanese Yen, through futures or buying the ETF symbol FXY, I also like Singapore, a good way to buy it is through the ETF symbol EWS.
I have been long the FXY and EWS and will buy more on any pullback.
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