Thursday, March 25, 2010

The current state of currency ETFs: What is cheap and what is expensive

As readers know, currecies are in near chaos lately due to the Greece situation and 'on and off' IMF/ECB bailout.

There are many currency ETFS available. here they are, ordered by short term relative strength values:


Very interestingly, the most oversold is not the Euro, it's the British Pound, GBB, followed by YCL (an ultra Yen ETF)

The most overbought are DRR (double short Euro) and YCS (ultra short yen).

Note that UUP (US dollar) is in 4th place.

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