Faros Trading – Buy the Euro on Dips

Faros Trading – Buy the Euro on Dips

In the following piece obtained exclusively for the King World News blog, Faros Trading is telling its clients to buy the Euro on any weakness. Here is a portion, “In short, we believe the stabilization of Europe will come shortly. This will be followed by significant USD selling and EUR buying by Asian Central Banks. Commodity prices will continue to rise against the USD as US internal weakness is exposed by the ending of the Build America Bonds program. Our predictor (above chart) sees the EUR/USD as currently 16 percent undervalued using traditional valuation measures. European issues have been in the headlines as of late, but we believe we will be reading about US issues and Chinese CNY strength going forward.”
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