The euro currency has significantly appreciated against the USD this year and the trend, to me, is showing no signs of reversing. I believe 1.22 is the next major target, which is about 3% above current exchange rates.
Concerned about the global economy? Don’t be, says Dr. Copper. Despite the recent slowdown in the U.S. economy and equity markets becoming a little wobbly, copper prices have been surging higher over the past three months following a lengthy 6-month consolidation.