US Tech Industry May Hurt USD Forex Quote
Being able to accommodate the troubles recently caused by flooding in Thailand that have hurt the production of hard drives will not be easy. There is no easy answer to the very real reality that in fact there will not be enough to go around, and this will mean a rise in the price of the devices. Unfortunately this cost will inevitably be passed on to consumers, which is going to mean lower sales for large companies such as Dell. This is going to create a big rift in the computer industry sales numbers within a couple years due to this issue, and Dell are not denying it. They have already said they will act aggressively to promote a continued high value coupled with low prices in their products, Dell is the world’s #3 supplier of computer products.
Taking advantage of this fact where price action is involved might be a bit difficult for the near future since there is not an obvious way to gauge the impact. Although it is important to note that much of the US economy is tied up in technology, so any hindrance on this process will have an impact on the USD forex quote. Taking this into account while watching the developments with this particular event will be a bit daunting, but the rewards that could possibly be involved are enormous. Pairing the USD with Euro in this scenario could be a really sweet opportunity for those who are ready to make the right move. Be sure to practice proper money management in this scenario though, since it will definitely mean that you are going to have to keep your stop loss at a very conservative level.
Tech stop troubles have been known to cause some serious losses in the stock market, due to an almost universal dependence upon the tech industry. The unfortunate facts here suggest that the situation is just that, a dark place in which we are facing an eventual decline regardless. Which could in fact cause some very big problems for the various tech industry companies that have contributed in no small part to the industry. By coupling this fundamental indicator with the technical ones a trader can take advantage of these movements and make some real money. Be sure to weight these things out with as much balance possible before entering into a trade, and even then make sure that you are able to leave efficiently.
The author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to stay up to date with the latest forex quotes.