06.08.2015 - Which Currency ETFs to Buy and Sell
Of the major currencies, the US dollar isn't the only strong one. Some other currencies have shown strength recently, while others continue to face downside pressure. Here are two currency ETFs to watch for further strength, one which should be avoided--at least for now--and one which could go either way. Over the last three months the CurrencyShares British Pound Sterling Trust (FXB) has been strong overall. The rally in April broke out of the prior downtrend, reaching a swing high of $155. After a pullback the price rallied in June, but only made margin progress higher, reaching $156.04. The trend is still up, but has slowed...............................................Full Article: Source
Print