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Stimulus out of Europe and China just killed the dollar’s rally!

On Thursday, ECB’s Draghi used the word “unlimited” when he referred to bond buying and that set the euro sailing and the greenback plummeting.

However, that day’s actions simply took the buck back down to its year and a half long uptrend line.

Then during the following night, China announced a stimulus plan that’s equivalent to about $100 billion. This money will go into infrastructure.

It was this news, coupled with a worse-than-expected U.S. employment report that shoved the greenback over the edge. Check it out below.

 

Announcing the Next Phase of the Dollar’s
Long-Term Downtrend

See larger image

So with the dollar heading downward overall… some great “anti-dollar” plays can now emerge. But, if you want to know what is really going to get one of the biggest jolts, it’s going to be things like steel/iron ore, copper, etc.

It will be things that are very “industrial” by nature. Why? Because China is spending that load of money on infrastructure.

So one of the greatest plays that will benefit from both the slide-off of the dollar and China’s spending will be steel and copper ETFs and steel and copper stocks.

Stocks like Freeport McMoran (FCX), BHP Billiton (BHP) and Rio Tinto (RIO) will all perform nicely over the coming months.

Have a nice day!

Sean Hyman
Editor, Currency Cross Trader

Recent posts by forexnews

The Top Gold Stock of 2012

This grossly undervalued gold miner is set to surge in the coming months. Learn more in our free report.

Enter your Email Address Here:

Privacy Policy
Sovereign Investor FAQ

Stimulus out of Europe and China just killed the dollar’s rally!

On Thursday, ECB’s Draghi used the word “unlimited” when he referred to bond buying and that set the euro sailing and the greenback plummeting.

However, that day’s actions simply took the buck back down to its year and a half long uptrend line.

Then during the following night, China announced a stimulus plan that’s equivalent to about $100 billion. This money will go into infrastructure.

It was this news, coupled with a worse-than-expected U.S. employment report that shoved the greenback over the edge. Check it out below.

 

Announcing the Next Phase of the Dollar’s
Long-Term Downtrend

See larger image

So with the dollar heading downward overall… some great “anti-dollar” plays can now emerge. But, if you want to know what is really going to get one of the biggest jolts, it’s going to be things like steel/iron ore, copper, etc.

It will be things that are very “industrial” by nature. Why? Because China is spending that load of money on infrastructure.

So one of the greatest plays that will benefit from both the slide-off of the dollar and China’s spending will be steel and copper ETFs and steel and copper stocks.

Stocks like Freeport McMoran (FCX), BHP Billiton (BHP) and Rio Tinto (RIO) will all perform nicely over the coming months.

Have a nice day!

Sean Hyman
Editor, Currency Cross Trader

Recent posts by forexnews