I'm sure we're all here for the purpose and belief in a currency other than the traditional paper one we use today. While that may be true, we cannot ignore the liquidity of the Foreign Exchange market.
This week, the EURO to USD pairs and GBP to USD are beautifully performing.
For the average investor, $1000 is a lot of money. Investing that $1000 onto stocks, bonds or a 401k would take about 2-3 years to return a 100 percent of that chunk. Alternatively, if they invested into the exchange market that return would take about a month or two (if proper risk management) is applied.
Depending on your lot size, investing $1000 into safe bullish markets can easily yield twice the return if patience is your strong suit.
With the dollar holding still and no fed hikes in the rearview mirror creeping up anytime soon, buying these two pairs at support are a great idea. Other related trade ideas are AUD/USD and USD/JPY which I both believe are seeing the weakness of the US Dollar.
My Weekly Sentiments:
EUR/USD - Bullish
GBP/USD - Bullish
USD/JPY- Bearish
AUD/USD- Bullish
I am Groot! :D
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