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Currency ETFs To Watch In 2013
By Marubozu  •  December 27, 2012

 

Commentary

Major trend changes took place in 2012, and the stage is set for 2013 to be another great year to be involved in currencies. Exchange traded funds (ETFs) provide an easy way to gain currency exposure, using a product similar to how you trade a stock. The British pound, euro, Swiss franc and Japanese yen all have actively traded currency ETFs, and right now there are important moves happening heading into 2013.

 

CurrencyShares British Pound Sterling Trust (ARCA:FXB)
 

 

The CurrencyShares British Pound Sterling Trust (ARCA:FXB) is on the verge of a potential upside breakout. Through 2012 the price has been capped at $161.35, and currently that level is being approached as the ETF has had a strong advance since the middle of November. The higher swing lows (marked by a rising trendline) gives the ETF an upward bias, but the move ...

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By Marubozu
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