The Euro

I am looking forward to the Trader Outlook seminar tomorrow morning because I'm curious if their technical analysis determines that the Euro is a short here.

Fundamentally, for an economy that depends mostly on exports, it doesn't help to have a currency that is very expensive compared to the currency of the country that they need to trade with. The numbers are showing that Europe's recovery from this recession will seriously lag behind everybody else, and much of that can be attributed to the strong Euro. This means that the ECB is going to have to get involved by shorting the Euro or buying other currencies against it (which is essentially the same thing.)

Technical analysis upcoming.

p.s. Trader Outlook has a cool deal where you can try it seven days for seven dollars to see if it is right for you.