Trading the Euro

The euro has come under increased pressure and it would be foolish to predict an upward trend in the Euro. There are a lot of unresolved issues with the Euro and even the euro zone leaders are not helping much by contradicting each other.

As of now, the euro is trading at 1.2350 and it is likely face downward pressure as the day wears on. The economic data does not encourage an upward trend and some analysts believe that the Federal Reserve is considering QE3 but that could be a long way off.

The next few days will give us a good indication about the possibility of the Federal Reserve launching another round of quantitative easing. Whether quantitative easing really helps or not is a moot question.

What do Elvis Presley, Vanessa Bryant, and Melky Cabrera have in common? They are all celebrities and they will remain legendary figures. They probably never traded on the stock exchange and they almost certainly never traded currencies the way we do today. They probably never needed to! And they certainly never needed to win the Powerball lottery. Ha, ha---just kidding.