Thursday, August 16, 2007

Forex, what will happen after Hurricane Gustav strikes ? -

Im into forex and I want some advice from other forexers what will happen to the US economy? Should I buy the USD after Gustav attack? or should sell before/while Gustav attacks and ruined all oil platform? It s not really possible to predict what will happen. What you can do is to play with the trend. Currently the USD is on an uptrend, so buying it makes sense to me. What usually happens is oil will go up .Some currencies follow oil so I would short the dollar especially if you see oil on the rise.

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