FX Primus Ltd.

FX Primus Ltd.

November 28, 2012 00:30 ET

Fiscal Cliff and Greece Dominate-Mario Sant Singh

FXPRIMUS Director of Education & Training Cites Fiscal Cliff and Greek concern as main headwinds for upside

EBÈNE, MAURITIUS--(Marketwire - Nov. 28, 2012) - In his Market Brief of The Week for 26 November, leading global foreign exchange trader, educator and author Mario Sant Singh, focuses on looming U.S. fiscal cliff concerns, and the continuing Greek Bailout.

While risk appetite improved last week on Chinese economic data strengthening further, with optimism on a final compromise on the fiscal cliff in the coming weeks or months, worries still prevail in the fragile, broad environment.

According to Mario Sant Singh - whose views are widely sought after in the Forex industry, "Most investors are unwilling to increase their long 'risk," and one near term focus addresses the Bush U.S. tax cuts: taking it as a foregone conclusion that the payroll tax cut will be eliminated to the sharp detriment of Q1 disposable income, lowering spending cap limits established in last year's Budget Control Act and changing cost-of-living calculations in social security benefits. U.S. retail sales were negatively affected last month, and it is still unclear whether it was due to Hurricane Sandy or fiscal cliff," he added.

The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) continues supporting a "positive momentum" view on China, with a surge to 50.4, proving firm bottom signs and possible sustainable growth. Last week, "China related assets" such as HSCEI and the Aussie firmed their uptrend - with the Aussie holding strong fundamentals with firmer Chinese economic outlook and improving global sentiment. While the effect could be limited and stay in a short run, it offers some long Aussie opportunity at a lower price.

Click here to read this week's Market Brief of the Week. Mario's Daily Market Report articles also keep traders up to date.

Mario Sant Singh's popular blog, his weekly market webinar, and his briefs and reports provide direct channels for some of the best-informed educational resources that new and experienced traders can access to improve their knowledge of Forex and related investment markets.

ABOUT MARIO SANT SINGH

Mario Singh is the Director of Trading & 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 is the author of the forthcoming book: How to Profit in the Forex Market: 17 Proven Strategies (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.

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