V. 22:7 (112-113): Intermarket Review by David Penn

V. 22:7 (112-113): Intermarket Review by David Penn
Item# \V22\C07\160INTM.PDF
Availability: In Stock

Product Description

Intermarket Review by David Penn


Originally poised to be both rival and complement to the US dollar in the world of foreign exchange, the euro’s miserable start in 1999 has become a stunning bull market by 2004. The euro is the currency of the 12 nations that make up the European Union (Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, and Finland).


Heavily influenced by the role that commodity production and export play in the Australian economy, the Australian dollar (or “aussie,” as forex traders refer to it) is among the world’s foremost “commodity” currencies — along with the South African rand and the New Zealand dollar.


When it comes to currencies competing against the US dollar, the British pound is third in line behind the euro and the yen. It is in some part the centrality of the London foreign exchange market that assists in keeping the British pound as widely traded as it is. Even so, most trading in pounds is EUR/GBP and GBP/ USD — that is, between pounds and euros, and pounds and US dollars.


The third most widely traded currency in the world — after the US dollar and the euro — the yen is, like the greenback and euro, considered a “finance currency” more affected by the fortunes of the Japanese equities, bond/interest rate, and real estate markets than by commodity production (as is the case with some other currencies).

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order