The PerfChart below shows the performance for ten currencies since January (year-to-date). The traditional safe-haven currencies are down (Dollar and Yen), while two emerging market currencies are up (Real and Peso). The Euro is also up, which reflects the current risk-on environment for the stock market.
Click this image for a live chart.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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