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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Joan Osland Graffius who wrote (2716)12/27/2000 1:25:37 AM
From: Hawkmoon   of 3536
 
you would not buy the euro as a hedge against the USD?

Only if you are nimble with your TA on the Euro. It's currently in some well defined "channels" that it must penetrate to the upside in order to sustain a long term rally.

Short term bullish.. long-term still bearish:

futures.tradingcharts.com

futures.tradingcharts.com

And as we're seeing evidenced with Japan already, there is a flight from the Yen as there are clear signs that they are headed back to recession; one that is likely to be more severe than in the past because of the slowing US economy.

I see a similar future response with the Euro once it tops out on its monthly channel at around 92.

Regards,

Ron
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