Interest Rate Decisions & Economic Data May Spur Currency Volatility: Mario Sant Singh

FXPRIMUS Director of Training & Education Focuses on Heavy Data Flows Influencing Australian and European Central Bank Currency and Trade Outlooks

Marketwired

EBENE, MAURITIUS--(Marketwire - Feb 5, 2013) - In his Market Brief of The Week for 4 February, leading global foreign exchange trader, educator and author Mario Sant Singh, focuses on the Reserve Bank of Australia (RBA) and the European Central Bank''s (ECB) potential to spur volatility in the currencies market this week.

Key events affecting the currencies market this week, include Australia''s trade balance and retail sales announcements, the RBA overnight counter rate (OCR) decision, New Zealand''s employment change, the Bank of England (BoE) rate decision and Asset Purchase Facility (APF), the ECB rate decision and press conference, China''s trade balance and consumer price index (CPI).

Said Mario Sant Singh - whose views are widely sought after in the Forex industry, "The Aussie dollar is expected to react tremendously whether the RBA lowers the interest rate by 25 basis points or not, with heavy economic indicators being released ahead of the decision. China''s improving macroeconomics suggest that the central bank could take a wait-and-see attitude on the rate decision, but Japan''s lowering of its currency value may tempt the RBA to act defensively and reign-in the growing value of the Aussie dollar," he added.

"A ''Euro bullish'' view since the beginning of the year, is being borne out in the ECB''s efforts to seek a balance between ''price stability'' and an ''economic point of view'' moving forward," said Mario. "How high can it now go against the Greenback? 1.38, 1.40 or even higher?

"The ECB''s effort to improve financial markets fairly represents the Eurozone financial system and its real economy, said Mario. "This raises the concern of whether a weaker Euro might be needed, without dampening confidence in the region," he said.

ABOUT MARIO SANT SINGH

Mario Singh is the Director of Training & Education at global retail Forex brokerage FXPRIMUS. He has appeared as a guest expert on CNBC more than 35 times to talk about foreign exchange markets, and is a regular contributor to top investment publications and online portals. Known as a brilliant and intense communicator with a unique ability to ''keep Forex simple'' and a mission to help every man-in-the-street to trade profitably and responsibly in the Forex market, more than 20,000 people have attended his Forex trading programs. He is the only Forex trader in Asia invited to train Julius Baer Private Bankers - the third largest Swiss Bank, and ICBC, China''s largest commercial bank. Mario is also author of the best-selling book, 17 Proven Currency Trading Strategies: How to Profit in the Forex Market. (Wiley Publishing).

ABOUT FXPRIMUS

FXPRIMUS offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents FXPRIMUS combines an unmatched level of fund safety with regular independent audits of company financials and Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, ISO 27001 certification in Information Security and an industry-leading trader toolset that includes free access to powerful trader tools and personal coaching via FXPRIMUS Coach. FXPRIMUS truly is The Safest Place To Trade.

Contact:
FXPrimus Ltd.
Kevin De Silva
Director of Marketing at FXPRIMUS
kevin@fxprimus.com

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