Buy the US dollar

Forex Trading Nigeria

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Posted by on Saturday September 8, 2012 12:36:48:

Q4 for 2012 and Q1 for 2013 doesn't look too good for the euro but looks ok with the US dollar more especially as elections are coming in. The US economy is recovering slowly and probably much faster than the rest of the world. China is slowing. It's time to start buying the US dollar against other currencies. Better to start buying on dips to reap a bullish 2013.

The Euro doesn't look too good either for it continued its fall from q4 2011 till date falling from 1.4 to about 1.2 against the US dollar and other currencies. The euro has multiple issues and doesn't seem a safe bet for the long term amidst rising debt profiles and bureaucracy.

You can trade the US dollar long term or short term and you can trade daily rallies or monthly.