Tuesday, June 16, 2009
ProphetCharts: FXE
There is still lots of down side for the Euro Dollar over the Summer.. which means the US dollar will get stronger.... A strong US Dollar makes it hard for US companies to sell product over seas and makes US stock less attractive to off Shore invesrors. this could be a bad omen for Us Equities and Commodities...suggesting a major decline in stocks and commodities ...this also is supported buy the chart of the Vix i published a few days ago...the Month of July is the beginning of the 3rd quarter ....
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Posted by Neboxian at 9:12 PM
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