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FXAssetManagement.com , Sees USD Rebound, Weaker Euro
The Euro has strengthened against the USD to now around 1.44.
We at Fxassetmanagement.com believe Momentum, technicals and perception of a better economic future for USA are some reasons that could help strengthen the USD versus EUR to 1.40 to 1.38 . This could happen by September or sooner.
Fundamentally ,three countries pose a huge problem for the Euro, even teetering on default they appear. This could provide a huge blow to Euro ,even the perception or thought of that occuring could whipsaw the Eur/USD pair back to 1.35. In the USA it appears they are slowing getting some legs, some private sector job growth,not necessarily showing in all public economic numbers and political bantering could lead to some actual fiscal responsibiltiy Technically it looks a little bit stretched and could easily pull back on those signals alone.
We are still advising to leave 80% assets in safe liquid investments and only speculate with the other 20% and warn investors, of the importance of risk management and capital preservation.
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FXAssetManagement.Com is a Forex Money Manager COMMODITY TRADING ADVISOR REGISTERED, NFA ID#: 0391484 specializing in, Managed Forex Accounts. They can be contacted via its website www.FXAssetManagement.com
Disclosure: Such information and opinions are subject to change without notice, are for general information only and are not intended as an offer or solicitation with respect to the purchase or sales of any foreign exchange transaction, or as personalized investment advice. FxAssetManagement Corporation, does not guarantee its accuracy or completeness, nor does FxAssetManagement Corporation assumes any liability for any loss that may result from the reliance by any person upon any such information or opinions
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