I say the trend for the currency pair of EUR/USD is bullish. I am not speaking in terms of broad generlities for the Euro, but in terms of the EUR/USD specifically.
Here's why the EUR is crushing the USD:
GDP is tanking U.S. debt to credit ratio is dismal Inflation is rising The Fed is considering lowering interest rates (this will hammer the shit out of the dollar) The ECB is considering raising interest rates (this will strenghthen the Euro) The U.S. deficit is like a runaway train and there's no end in sight The Chinese are going to use U.S. dollars to buy Euro's The U.S. housing market is completely tanking Dismal new home housing starts Democratic threat of higher taxation (U.S. consumers spend less money when the tax burden is heavier) U.S. import/export ratios are terrible for America Foreigen travelers are spending less money in America U.S. home values are tanking (when people have high value on their home, they tend to spend more money) U.S. consumer/household debt is out of control The Dow/stock market is set up for an early 2007 crash
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