FX Primus Ltd.

FX Primus Ltd.

October 15, 2012 23:50 ET

FXPRIMUS' Mario Sant Singh Anticipates China Q3 GDP

FXPRIMUS Director of Education & Training looks at the EU Summit and China's GDP

EBÈNE, MAURITIUS--(Marketwire - Oct. 15, 2012) - In his Market Brief of The Week for 15 October, leading global foreign exchange trader, educator and author Mario Sant Singh, expects prices to be driven by the outcome of the European Union (EU) Summit and China's GDP this week.

Said Mario Sant Singh - whose views are widely sought after in the Forex industry, "China will release its anticipated Q3 GDP and I expect growth to be at 7.4 percent year-on-year. Recent data from China showed some bottoming signs in the near term as money supply and exports increased.

"Manufacturing activities also stabilized after official Purchasing Managers' Index (PMI) stopped slipping from the previous month," he added. "Consumer Price Index (CPI) at 1.9 percent offered the Peoples' Bank of China (PBOC) extra room to act, however rising property price is the key constraint," said Mario.

With concerns easing that the world's second-largest economy is deteriorating, and financial conditions improving in the United States and the Euro Zone, central banks are expected to spur optimism.

"Although the recent rally among equities and other risk portfolios reflected that investors behaved too defensively earlier this year when Greek fears caused selling-off, I believe risk assets are still in investors' favor with the continuing Federal Reserve's (Fed) balance sheet expanding," said Mario. "On the Chinese side, rising exports and M2 money supply contribute to signs of a Q3 bottoming, as liquidity in the financial system improves, while the earlier reported CPI at 1.9 percent is well below the government comfort level."

"Thursday will be a key day for China, as September property price, GDP and Industrial production will be released," he said.

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 Outlook 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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