Pound-Dollar doesn’t seem to have a clear trend at the moment.
This was the 4-hour chart before today’s Fed decision. Which trend line is the reliable one? 1, 2 or 3?
- EURUSD broke above the downtrend line #1; therefore, it was on the short term uptrend line #3, OR
- EURUSD is still in the downtrend channel and unable to break above the resistance #2.
After the Fed decision, it was clearly #2 that was the correct answer.
The very thought did come to my mind. The idea of not having to pay monthly mortgage payment is very intriguing. Think carefully and thoroughly before taking the plunge.
Until Merrill Lynch came out and said so. Euro is relatively stable after the Greek chaos. U.S. is on its way to raise the interest rate. Chinese market is collapsing and enjoying its frantic selling. All is good.
Another expert came out screaming…
UPDATE: As of July 27th, 2015. The stocks have not yet fallen.
More stuff are posted here.
Should we put our money in REIT? Ironically, my real estate fund is doing well.
What else is new?
I am sure they couldn’t care less.