What Forex Currency Cross Should You Buy?
Jul 8, 2022
By The Small Exchange
As the euro and yen enter territory unseen in over two decades, futures dudes Mikey and Frank give you some easy ways to access forex markets. US dollar futures like the Small US Dollar (SFX) let you trade a basket of currency crosses in one product, similar to the S&P 500. Then, there are the individual crosses like the Euro (6E) and Yen (6J) futures that give you a more specific trade, just like single stocks.
While you might get a better value going with a currency cross like EUR/USD or JPY/USD, Mikey and Frank opt for the simpler option in selling SFX futures to get long euro, yen, pound and more in a single trade. Check out the historical data on forex markets, and see if this opportunity fits your portfolio.
0:05 What Forex Currency Cross Should You Buy?
0:20 EUR/USD is at Lows Since 2002
1:50 US Dollars are at Highs for the Last Several Years
2:25 JPY/USD is Through its Lows
3:40 GBP/USD is Well Past Where it Was in 2000s
4:15 AUD/USD has been Much Lower in the Past
4:20 CAD/USD has been Much Lower in the Pas as Well
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