FX Asset Management Correctly Forecasted this Stronger US Dollar

May 24, 2010 - PRLog -- Forex Money Manager, Fxassetmanagement.com, correctly forecasted a stronger US Dollar and weaker Euro the day after Goldman Sachs went bearish in December. They wrote when talking of why they were bullish on the US Dollar,
" “the lesser of two evils” and what exactly would be the alternative, we ask? The Euro is not exactly a bastion of strength with the economies of its member countries not exactly doing great, and Ireland and Greece right now in turmoil. To put it in even more simplistic terms, we do not see a sudden switch to bartering with barrels of oil or gold coins, so we deduce and ask, what is left?  "

How right they were, as the world economies are wreaking havoc and, the USD standing strong as the Euro and Oil have dropped. They are still advising to leave 80% assets in safe liquid investments and only speculate with the other 20%. They see a weaker Euro. They also add, safe and liquid does not mean a Mutual Fund as they
are subject to the volatile markets . As they warn, it takes a bigger gain to overcome a loss since less equity is involved.

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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FXAssetManagement.Com is a Forex Money Manager and COMMODITY TRADING ADVISOR REGISTERED, NFA ID#: 0391484 specializing in Transparent, Separately Managed Forex Accounts. They can be contacted via its website www.FXAssetManagement.com