Article Summary:

Blogs about basic information in forex trading, forex participants and how to earn big in forex trading.The dollar is breaking lower…oil heading higher (hit a barrel so far). The EUR/USD and AUD/USD are soaring while USD/CHF is tanking hard. We have a broad “dollar sell off” underway so far this morning. For Americans, this is bitter-sweet. This could help their stock and


Article Content:

The dollar is breaking lower…oil heading higher (hit a barrel so far). The EUR/USD and AUD/USD are soaring while USD/CHF is tanking hard.

We have a broad “dollar sell off” underway so far this morning.

For Americans, this is bitter-sweet. This could help their stock and commodity investments but will kill them at the gas pump, at the grocery store and when they purchase other goods (commodities). So their purchasing power from their paycheck erodes.

How can you fight this off? Buy EUR/USD and AUD/USD. The euro is the “anti-dollar” and the Aussie does well when commodities do well.

So being “long” these currency pairs will help you fend off the effects of a falling dollar.