FX Primus Ltd.

FX Primus Ltd.

August 14, 2012 02:52 ET

Mario Sant Singh's Market Brief of the Week: A Soft China and ECB Bond-Buying

FXPRIMUS Director of Education & Training examines China downside risk and Euro Zone turmoil

EBÈNE, MAURITIUS--(Marketwire - Aug. 14, 2012) - In his Market Brief of the Week, leading global foreign exchange trader, educator and author Mario Sant Singh, cites moderation of China growth for potential easing of the Reserve Bank of Australia interest rate.

In his Market Brief of The Week he says that weak raw materials prices, a declining China Consumer Price Index and China Trade Balance signal weaker demand, indicating support for more monetary easing measures to avoid further jobs market deterioration in Australia.

Last week, he indicated that upbeat US jobs data was lifting investor confidence in the context of continuing caution there after US Non-Farm Payrolls expanded, but cited unclear moves by the European Central Bank (ECB) and International Monetary Fund (IMF) on policy efforts to support the Greek economy so it can comply with bailout terms.

Said Mario, "All eyes are on China's soft growth rate and a possible ECB bond purchasing programme. The IMF indicated last month that the downside risk for China is huge because the economy is over-reliant on investment. And, while the country wants to improve domestic consumption, high property prices are now a major threat to consumption stimulus.

"Major questions are also being asked, on whether the European Central Bank (ECB) is going to launch a bond purchasing programme in the next couple of weeks. Will this ease the Euro Zone's turmoil, or put Mario Draghi in a troubled position?" he asks.

Click here to read this week's Market Brief of the Week, entitled "Little Directional Data This Week". His Daily Market Report articles also keep traders up to date.

The views of Mario Sant Singh - who is Director or Training & Education at FXPRIMUS, are widely sought after in the Forex industry. His popular blog, his weekly market webinar, 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.

Have a question for Mario? Then ask him online at AskMarioSingh.com, and sign up to receive Mario's Forex Answer of the Day, by email.


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).


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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