Currency Corner: A lesson from two of the world’s “hardest” currencies

Last week we wrote about how the euro was setting up for a buy signal against the yen. I thought I should alert you straight away that the buy signal never came.

The market reversed this week, so we never got the moving average cross we were looking for. The downtrend (in the euro) continues.

As we were looking at the currencies of two nations – Japan and the EU (perhaps I should say “regions”) – whose central banks are intent on devaluing their money, I thought...
source: Money Week

2019-11-15 18:02
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