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  • Avatarsleep25
    Participant
    Post count: 57

    Even though FXB is a defensive stock, should I sell if profitable now, due to the coming down market

    Sean HymanSean Hyman
    Keymaster
    Post count: 4644

    FXY is the defensive currency ETF. It’s the one that’s historically been defensive. Now, FXB could be defensive against a falling dollar, as long as that continues to decline overall, like I think it will.

    FXB is right on its long-term downtrend line. It could go either way over the coming weeks to months. But either way, over time, this is how I believe it goes (one of these two scenarios).

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    Avatarsleep25
    Participant
    Post count: 57

    Thank you Sean. I will continue to hold on to it.

    Sean HymanSean Hyman
    Keymaster
    Post count: 4644

    You’re welcome. I’m sure it will be for more volatility as there’s more back-and-forth on the Brexit news. But over time, I expect it to do well.

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