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Wednesday, October 6, 2010

Weak USD, is that good or bad for stocks?

The Us Dollar is weak these days and losing value. It is in oversold territory against major currencies already but how long can that last? Nobody knows. Ok now, how does this impact the stock market? Well I don't know. I know that for the Forex markets it means wait for the reversal!! It is gonna be a good opportunity when the downtrend comes to an end, but again, when is that gonna happen? You don't know? I don't either!! So, you will have to wait for the clear technical signals on the charts.

Now as for stocks. Is a weak dollar good or bad for the stocks market? Well it depends on your definition of "good" but anyways I found an interesting article from Optionetics this morning that I think is worth reading. Check it out ....And let the learning continue!

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