"Besides that, China's market will be open this week. The index gained more than 20% since early December of last year, when the government adopted ultra monetary policy and huge funds flowed into the domestic equity market. The extension of gain plays a key role for the rest of the global assets, especially the Aussie and Kiwi Dollar," said Mario.
The EUR and JPY reversed the previous trend last week, reflecting the cautious momentum increase before the G20.
"However, short of obvious accusations from the G20 last week, it may suggest that the trend of different major currencies earlier this year might resume, until the next events and data support a different view," said Mario. "Under this approach, I expect the upward momentum for the EUR and downward momentum for the JPY to be the core theme in the near run, as long as the Euro Zone PMI and LTRO repayment meet earlier estimations from the market."
ABOUT MARIO SANT SINGH
Mario Singh is the Director of Training & 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 ICBC, China's largest commercial bank. Mario is also author of the best-selling book, 17 Proven Currency Trading Strategies: How to Profit in the Forex Market. (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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