Here is an article by Kevin Klombies of Synergistic Trading by Trader Planet.
Kevin explains “The basic point is that the trends are almost identical. The China growth theme interlocks with the commodity price theme. The trend for the Hong Kong stock market reflects the trend for energy and base metals prices which, in turn, go directly with the trends for the commodity currencies.
If the Hang Seng Index continues to resolve higher then we could still see a renewed burst of cyclical strength that could carry us through the balance of the year.
The point that we are attempting to make today is that we remain on somewhat shaky ground. We have argued the ‘decade theme’ on too many occasions to ignore it at this juncture.”
I hope the above currency trading article was of help to you.
Anthony DiChi at TradeCurrencyNow,
America’s Forex News and currency information source.