Talk In The Street 6-8-10
Traders are talking about the harsh reality for the EUR at this point is that the
authorities there seem almost everywhere to believe that a materially weak EUR is something to be embrace rather than avoided, and that the weak EUR shall inure to their export benefit. In the long run that may in fact be correct, for if the EUR were to weaken dramatically enough exports will increase and imports will decrease, the balance of trade will swing materially
in Europe’s favor and perhaps the currency will eventually strength. But that is months, if not a year or two into the future, for the lag between a materially weakened currency and the “benefits” that that weakness is supposed to engender can but, and
almost always are, very long indeed.
To read the rest of this article, register for my free members blog today;
I invite you to join my members-only section. Add your details below and become part of my inner circle of forex traders by access to my exclusive trading blog.
No comments yet.
Leave a comment
Recent Posts
- Talk In The Street 6.17.10
- Be The 1% of Forex Traders that Succeed
- Talk In The Street 6-11-10
- Talk In The Street 6-10-10
- Talk In The Street 6-9-10
- Swiss National Bank Intervention Rumor
- Talk In The Street 6-8-10
- Gold and Silver Futures Talk In The Street Recap
- Secret Agent Man
- Fibonacci Range Expansion Trading Zone
- Talk In The Street 6-3-10
- Talk In The Street 6-2-10
- What A Handsome Fella On The Left!!
- Coming Dow Jones Implosion Chat In The Street!
- Euro and GBP Gann Points 6.1.10
Forex Tags
Blogroll
