Here’s the thing about forex trading: there’s always a least one or two major currencies going up at all times. This means there is always a currency safe haven out there. Sean Hyman says currency ETFs and CDs (Certificates of Deposits) are two easy ways to play the currency market.
Currency traders need to prepare for a stronger US dollar in 2009, says Sean Hyman in The Sovereign Society. The buck has broken a six-year downtrend, and it’s fast becoming the currency of choice as the credit crisis spreads to all corners of the globe. That’s why its the best place to be for safety and profits in the coming 12 months…
The bailout bill has passed the Senate. But US stock markets are still highly volatile in the absence of any concrete deal passing Congress. Where can investors hide in these conditions? Sean Hyman says the answer lies in low-yielding currencies such as the yen and the Swiss franc.
Today I was thinking back to my days as a stock trader. I can’t tell you the amount of Pepto Bismol I went through when the markets dropped like they have this week. In markets like these, even the best players are struggling just to keep their shirts.
On August the 8th, Russia declared war on Georgia. By the 9th, it was an all-out bloodbath. Reports show that over 2,000 people have died during that short time and over 100,000 people fled the conflict. As you can see, war is never pretty.
The Sovereign Society’s currency analyst, Sean Hyman, says investors should stick to trading currencies. There are over 13,000 stocks open to public trading. But there are only eight major traded global currencies. This makes it far easier to keep track of movements and trends. And it means there’s more chance of picking a winner…
The US dollar showed further weakness today, as the New York Manufacturing index plunged to minus 8.7 in June — a bigger decrease than forecast.
The greenback was already under pressure as soaring eurozone inflation boosted expectations of an imminent rate hike by the European Central Bank.
As market uncertainty feeds into exchange rate volatility, currency expert Sean Hyman suggests two safe havens in The Offshore A-Letter…