Reaffirming the FXB Currency Trade!
Hey Friends!
I continue to recommend the FXB ETF as a swing trade. I agree more with the bears on the British Pound than the bulls. But I think in the short to medium term it is the US dollar’s turn to suffer pain, and I think the fears in the Pound and Euro are overdone.
The fear on the Pound is that the BOE is going to react to the Brexit by inflating madly and on the Euro that the potential demise of the EU will spill over into the Euro’s failure.
This is not about which currency or central bank is soundest, it is about which currency has the most to lose from the global downturn and which currency has something to lose in its role as an international reserve.
It is about timing, and the time has come for a dollar crisis.
Stay ahead of the masses,
Seth Maniscalco
Owner, Modern Wealth Management LP
Owner, Modern Wealth Management LLC
I continue to recommend the FXB ETF as a swing trade. I agree more with the bears on the British Pound than the bulls. But I think in the short to medium term it is the US dollar’s turn to suffer pain, and I think the fears in the Pound and Euro are overdone.
The fear on the Pound is that the BOE is going to react to the Brexit by inflating madly and on the Euro that the potential demise of the EU will spill over into the Euro’s failure.
This is not about which currency or central bank is soundest, it is about which currency has the most to lose from the global downturn and which currency has something to lose in its role as an international reserve.
It is about timing, and the time has come for a dollar crisis.
Stay ahead of the masses,
Seth Maniscalco
Owner, Modern Wealth Management LP
Owner, Modern Wealth Management LLC