EBENE, MAURITIUS — (Marketwire) — 02/05/13 — In his for 4 February, , 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
is the Director of Training & Education at . 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, .
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