June 24, 2010
Is The EUR/USD Influencing The Equity Markets?
Just a quick blog post today to tell you about a new trading video that's just been created by Adam Hewison, the co-creator of the Marketclub trading service. It's all about the EUR/USD pair and the effect it has had on the equity markets recently.
Adam believes the Euro is heading towards parity with the US dollar in the long-term, ie 1:1, and highlights this on his charts. So if the close relationship with the equity markets continues, this would suggest that the major stock markets have a lot further to fall. I personally don't think the EUR/USD will go anywhere near 1.0, but we all have our opinions.
Anyway if you would like to watch this short video, you can do so by clicking here.