Money in Motion: Currency Trading
RSS FEED
RECENT POSTS
|
- Good News Ahead for the Euro?
- What Currencies Are Saying About Stocks
- Euro Sinks, China Talks Tough, Dollar Gets a Lift
- How to Trade on the Jobs Report
- How Low Can the Euro Go?
- Euro Steadies, Dollar Holds Firm
- Where the Euro Goes From Here
- Is the Euro Oversold?
- Euro Slides, Yen Lifts, Rupee Keeps Falling
- Busch: How to Trade the Euro on an Outside Reversal
MONEY IN MOTION VIDEO GALLERY
COMMUNITY
LATEST FROM OUR BLOGS
- Kroszner: Jobs Report, Euro Unlikely to Spur QE3
- Cramer’s One-on-One with Airgas CEO
- Lightning Round: Advance Auto Parts, Michael Kors, Pilgrim's and More
- Your First Move For Wednesday May 30th
- Digital Generation Bottomed Out: Finerman
- How Gap Stores Turned Things Around
- Cramer Interviews Owens Corning CEO
- Cramer: Europe Is Playing a ‘Game of Chicken’
- Keystone Pipeline Could Begin Construction in Q1 2013
- Good News Ahead for the Euro?
Strategist: Why Europe Is In a Good Place - Really
Text Size 
Currency Blogger, CNBC.com
 |
Thinkstock | Comstock | Getty Images |
Sure, Greece is playing fast and loose with its bailout deal, euro zone recession indicators abound, and European leaders can't seem to agree on anything. But really, things could be worse, says Frank Trotter, president of EverBank Direct, a division of EverBank.
The U.S. has plenty of fiscal problems of its own, and "political will from both parties" is lacking, Trotter told me. "We're going to talk about it a lot and really do nothing, just like we came out of the debt ceiling talks. Europe in a way is going to able to confront some issues that we won't, simply because they have to."
Trotter believes Greece will not be able to solve its fiscal problems without a bailout of some kind, and the providers of that salvation will force some reforms. "Its like an intervention," he told me. "This is where they are. They have the nephew who’s been out in Colorado spending all his money on drugs and alcohol, and they finally have to bring the kid in and say 'Look, we’ll bail you out this last time, but then we’ll take you out and shoot you.'"
That said, the euro is not on Trotter's list of preferred currencies. He prefers the Norwegian krone, [NOK=X
Loading...
()
] the Australian dollar, [AUD=X
Loading...
()
] [SGD=X
Loading...
()
] the Singapore dollar, and the Canadian dollar [CAD=X
Loading...
()
] - and in fact, he is looking at selling the euro against the loonie [EURCAD=X
Loading...
()
] as a long-term move. "I would think the Canadian dollar will move up later this year when the Seaway opens. They actually have their house in order," he says. And if the U.S. economy is actually on the mend, that won't hurt either.
 |
Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about - email us at .
- Companies that establish sustainable principles are positioned for long-term success, says this blogger.
- Advanced manufacturing is about customization, high-precision and performance. And it’s everywhere.
- Many veterans are turning to franchising as a way to make a living once they are out of the military.
- Have you ever wished you could just quit your job and follow your dream? These people have.
- Emerging-market bulls should look to Brazil, South Africa and Russia, as well as Thailand and South Korea.
- Some beers are better than others. An annual competition chose the ones that are the best.
Data is a real-time snapshot *Data is delayed at least 15 minutes
