Anyone trading the dollar right now?

MNSL answered one year ago …

I think currency investment will be one of the most risky investments in 2009.

Most currencies will trade within narrow range. Currency market, Derivative and Option market and credit card market will be inactive in 2009.

Most inexperienced investors, new comers will lose their money if they do not know currency trade very well especially in the next 18 months.

Volatility in the currency market will make some companies, countries more vulnerable in the next 18 months. Most asset prices will fall dramatically in the next 18 months. Some companies and sectors will benefit most.

Almost all currencies, such as EURO, Pound, NZD, CAD, AUD has come down in the last 12 months. Even USD has come down. There is further pressure in above currencies due to continuous interst rate cuts. Even emerging currencies have come down now after appreciation against US Dollar.

Long term trend has broken for most currencies. Few currencies will go down further in the next 02 years until improve their economy. We can not expect rapid appreciation in currencies especially in the next 18 months due to so many factors. In addition we can not expect rapid depreciation in any currency in the next 18 months. Currency market virtually will become dead in 2009. .

Of some economists, analysts are trying to promote some currencies and they forecasted their currency trend, commodity trend incorrectly in the past.