FXPRIMUS' Mario Sant Singh Anticipates China Q3 GDP
FXPRIMUS Director of Education & Training looks at the EU Summit and China's GDP
(firmenpresse) - EBENE, MAURITIUS -- (Marketwire) -- 10/15/12 -- In his for 15 October, , 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.
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ABOUT MARIO SANT SINGH
is the Director of Trading & 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 is the author of the forthcoming book: How to Profit in the Forex Market: 17 Proven Strategies (Wiley Publishing).
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Datum: 15.10.2012 - 21:50 Uhr
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