The currency markets at the present times lend themselves to lots of profits to be made.The inexorable plunge of the US dollar against major currencies such as the yen, the euro and Sterling presents opportunities for investors to cash in.US experts have been predicting over the last 6 months and more that the US currency will continue to slide. The British pound is currently trading at 2.05 to the Dollar an 18 year High.Even the NZ dollar is now trading at a 22 year high against the Dollar.
For anyone out of the US looking to invest ...this is really the best time ..even for US investors there are opportunities a plenty.With conflict in the Middle East seeing no solution and changes of attituded in the Kremlin plus Chinas increasing industrial muscle there is no doubt it is not just climate change that may have alsting effect upon the world economical situation and in particular the value of the US dollar.Depleting oil reserves at home in the US and a militant stance by the Arab producing nations is putting increasing pressure on the US government ...recession seems to rear its ugly head more often than ever....the US housing Market is stagnant..whilst in the UK there seems to be no way to stop the runaway train that is house price inflation despite the increases in interest rates over the last year.A shortage of UK housing stock and an increasing demands from new buyers is counteracting the effects of the interest rises.With Ford losing 6.3 billion dollars worldwide last year and currently trying to sell off loss making aquisitions can anyone see a brighter outlook for the US economy....it is harder and harder to envisage the glass half full.....still every cloud has a silver lining and while it may have a hint of fiddling while Rome burns to add another cliche ..but it does mean there are opportunities out there for canny investors....
Monday 23 July 2007
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