Fx Asset Management since partnering with Saxo Bank, Correctly Forecasted Dollar Plunge

Oct. 12, 2009 - PRLog -- FX Asset Management back on July 29th when EURO was 1.4150 predicted a Euro at 1.47 to 1.50 by 4th Qt. It has since hit above 1.4820 in October.
The question now is, where do we go from here?  

We believe based on technicals, fundamentals and other factors, a Dollar strengthening to occur.  Today in what can be best described as a “new normal", what are the alternatives? Yes the USA deficit is high and growing, yes Gold is strong, but are those factors as relevant as in the past?  We believe no.

Most importantly we believe a technical downswing is about to begin buoyed by upward resistance.

FxAssetManagement.com partnered with Saxo Bank recently to provide its clients with a world class platform and protection of client funds, another advantageous offering by Saxo Bank has also been excellent technical tools.  We look forward to providing our clients an even better service enhanced by Saxo Bank. Visit FxAssetManagement.com for more information.

Disclosure: The information provided in this document has been obtained or derived from sources believed to be reliable. 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. 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. In addition, any projections or views of the market provided by the author may not prove to be accurate. FxAssetManagement will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained.

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About FXAssetManagement.com:

FXAssetManagement.Com is a COMMODITY TRADING ADVISOR REGISTERED, NFA ID#: 0391484 specializing in managed Forex accounts, they can be contacted at FXAssetManagement.com

Saxo Bank is a global investment bank specializing in online trading and investment across the international financial markets and is one of the world's top 25 foreign exchange banks operating in the global capital markets.