Don't be surprised when one euro equals one dollar... it could happen.
As everyone in the Western World knows, Europe has been having its share of major problems. All of Europe’s trials and tribulations have had a dramatic effect on the performance of the euro, recently putting it under severe pressure.
Unlike the United States, where we can print money and inflate ourselves out of most problems, the Eurozone is accountable to the 16 nations who gave up their own currency to join.
I have had a lot of calls and e-mails about doing a video on the euro, so I looked at the markets and made a video to share my thoughts with you.
We ended 2009 with the overriding consensus that the dollar was going to be under pressure and keep moving lower against the euro. Well guess what, the euro proved to be even weaker than the US dollar as it moved to levels not seen since May of 2009.
So what happened? Was conventional thinking wrong, or did the market get it right? We may be at a tipping point where conventional thinking could well be wrong again.
In my new video I share with you what I see in the euro/dollar cross right now.
As always our videos are free to watch and there are no registration requirements. I would really like to hear back from you, with regards to your thoughts on this cross-rate. Your comments are welcome on our blog.
The euro for the first time since last August broke through the psychological barrier of 1.5000. This move confirms our belief that the dollar is headed lower - a lot lower. If you take a look at our latest video, you will see some of the target zones we are projecting for the dollar.