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US Dollar is still King in the world of Forex

(Last Updated On: May 16, 2012)

US Dollar is still King in the world of Forex

With the Euro zone basically falling apart, the world heading into another global recession ( possibly depression ?! ) and Gold / Crude Oil / Commodities in free fall, the US Dollar shines as a safe haven in an increasingly dangerous and volatile world. The red hot USD has been breaking major resistance levels and medium to long-term downtrend lines as of late. We are currently bullish on the US Dollar against most world currencies and particularly so against the “risk currencies” i.e. Australian / Canadian / New Zealand / Singapore Dollars

 

A tadge harsh but I see where you are coming from

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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