Keep an eye on the currency markets. I feel we are seeing some early signs of the next broader market decline brewing in the currency markets.
The following three charts all have a bearish pattern developing. In the case of the EUR/USD the pattern has already fallen from a support trend.
EUR/USD Chart
USD/JPY Chart
EUR/JPY Chart
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
More on this topic
(What's this?)
IMF Blueprint for a Global Currency
(Red Hot Energy and Gold - Global..., 8/5/10)
WHY IS MONEY?
(THE PRAGMATIC CAPITALIST, 8/13/10)
Effect of Currency Fluctuations on US Dividend Investors?
(Dividend Tree, 8/2/10)
Comments