I dont want to buy and sell spot forex or have one of those "game" Forex Accounts. I fear a depreciation of USD. To protect myself I want to research as to which currency :
– Appreciates BEST against the USD. By that I mean RATE of appreciation not absolute value.e.g. Rate of appreciation of CAD against USD is highest in last 6 months but the absolute value of GBP might be higher.
In that case I want a currency like CAD.
– The Fundamentals of that currency are NOT likely to be influenced by the US Economic Scenario.
Any currency in the thoughts.
Please give me your valuable explanation, too.
Many thanks and God Bless !!!
With a recovery or any normal economy you may be correct, but with a double dip recession you may want to rethink your strategy. 90% of the Canadian population lives within 100 miles of the US border, so to say the two economies are not interconnected, or to say that what happens here will not happen there is pretty far-fetched.
The Dow futures are trading below 10,000 again, down more than 1%. The CAD is down more than 1%, oil down 2%. The USD is going to continue to be the safe haven for risk aversion, and should continue to strengthen in a declining world market. You can play the USD basket directly through the DXY on the NYSE.
Currency ETFs are a way to play any dollar-related trades. These ETFs are just as good as trading spot forex. The only difference is that the ETFs are not leveraged.
•FXA – Australian dollar
•FXB – British pound
•FXC – Canadian dollar
•FXE – euro
•FXY – Japanese yen
•FXF – Swiss franc
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http://www.forex-learning.com/forex-trading-technical-analysis/forex-trading-technical-analysis
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http://forexmarketsuccess.com/forex-ebook/
Blogs
http://the-forex-trading.blogspot.com/
http://www.forexpeacearmy.com/
http://begginerslearnforex.blogspot.com/
Compare Forex Brokers
http://www.goforex.net/forex-broker-comparison.htm
http://compare-forex.com/blog/
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