Euro Expected to Rise to $1.27 by the End of September 2012
Euro Expected to Rise to $1.27 by the End of September 2012
AsiaNet 50416
MOSCOW, Aug. 23, /PRN=KYODO JBN/ --
- Euro Zone and Euro currency insights given by
Head of Research, FOREX CLUB
Speaking at recent conferences in Stavropol and Pyatigorsk, Andrey Dirgin,
Head of Research FOREX CLUB Group of Companies, said he expected the Euro to
strengthen to $1.27 in September. The conferences, held by FOREX CLUB to give
insights and information on major economies and the FX markets, attracted
institutional and regional investors.
(Logo: http://photos.prnewswire.com/prnh/20120517/533090 )
Dirgin went on to state that future decisions on the European Stability
Mechanism are likely to have a major impact on the foreign exchange markets in
the coming months. He predicted that liquidity would also be a key issue for
investors, due to the appreciation of long-term financing in the global economy.
Also speaking at the conferences, Pavel Kasparov, Analyst-Instructor of the
International Academy of Investments and Trading [http://www.traderacademy.ru
], official partner of FOREX CLUB in Russia and the CIS, said: "Investors are
setting more and more requirements not only to the profitability of investment
vehicles but also to their stability in a crisis situation. Traditionally
popular saving instruments such as bank deposits and real estate no longer meet
the growing expectations of investors. The current situation in the Euro Zone
has led not only to rising sovereign debt rates for Southern Euro Zone
countries and Euro volatility, but also an increasing risk of a collapse of the
economics of the European Union.
"In this environment of growing risks, not all investment instruments show
the same yield growth. Bank deposits and investment in real estate provide
investors with a low yield in an environment of heightened risk and at a level
below the risk-return demands of investors. That's why there is an increasing
demand for investment vehicles that combine greater returns with a higher
resistance to the financial crisis."
Notes to Editors
The views expressed in this release are solely for information purposes and
do not constitute the provision of investment advice or an offer to sell, or a
solicitation of an offer to buy, or a recommendation to buy or sell, any
security or services.
About the Speakers
Andrey Dirgin graduated from the Department of International Law, Moscow
State University of International Relations (MGIMO), and the Diplomatic Academy
of the RF Ministry of Foreign Affairs as a specialist in international economic
relations. In 2005-2006, he held the position of Leading Analyst in the
preparation of a number of studies in the United Nations Organization. From
2007 to 2008, Mr Dirgin worked as Senior Analyst at the investment division of
IFC Metropol; from 2008 to 2009, he was Leading Expert on Global Markets in IC
BrokerCreditService. In 2010, he joined the FOREX CLUB Group of Companies. He
specialises in macro-economics in the Russian Federation and the United States,
metals, oil, currency and stock markets.
Andrey Dirgin's biography in pdf format
[http://www.fxclub.org/sites/fxorg/files/files/press/dirguin_bio.pdf ].
Pavel Kasparov is an analyst-instructor of official partner of the
International Academy of Investments and Trading, an official partner of FOREX
CLUB in the Russia Federation and the CIS. Since 2005 he has specialised in
system trading on financial markets and he is also an expert in technical and
fundamental analyses. He is well-regarded across the Russian Federation for
trading systems, including in Voronezh, Lipetsk, Pyatigorsk, Stavropol,
Nalchik, Armavir and others.
About FOREX CLUB
Established in 1997, FOREX CLUB (the company) is the brand name for a group
of companies that provides clients from over 120 countries with platforms and
services for trading forex, CFDs and other online trading and educational
products. We offer every client high quality tools in training, analytics and
education, as well as personal support where they want it. FOREX CLUB has over
600 employees worldwide. In 2011, over 45,000 traders chose to learn forex
trading with us. The company was one of the industry's first to offer zero
spread trading and commission refunds on all unprofitable trades, which it also
provides on StartFX 2, the company's proprietary platform.
We are committed to the developed standards set forth by government
regulators and one of our company's priorities is to conduct business in strict
compliance with current regulatory requirements of the markets within which we
operate. As one such example, LLC FOREX CLUB, our Russian broker, is a founding
member of CRFIN [http://www.crfin.ru ], the Russian self-regulatory
organisation. It is a legally registered entity of the Russian Federation,
incorporated on 28 October 2010 and it holds the license of the Federal
Financial Markets Service, No. 1564. For more information on our Russian
broker, please see below.
The structure of FOREX CLUB Group of Companies includes a range of brokers
and training centres, including Forex Club International Limited, Akmos Trade,
FOREX CLUB (FSFM license #004857) and the International Academy of Investments
and Trading [http://www.traderacademy.ru ] (license #025928). For information
on our business, please click here [http://www.forexclub.biz ].
About LLC FOREX CLUB (Russian broker)
LLC FOREX CLUB is a Russian company that forms one part of the
international FOREX CLUB Group of Companies. The key goal of LLC FOREX CLUB is
to provide Russian traders - both individuals and legal entities - with an
opportunity to trade in the forex market in full compliance with Russian law
and the self-regulating industry as established by SRO CRFIN in the Russian
Federation.
The operations of LLC FOREX CLUB are organized in accordance with the
established norms of corporate governance and reporting, and are based on the
principles of information transparency, integrity, and reliability for
respective individuals and legal entities.
LLC FOREX CLUB'S relationships with its clients are based on providing a
high level of service, using advanced technologies for efficient online
trading. The company relies on the quality of its service, mutual trust,
professionalism and transparency with its clients. Its client activities are
covered by judicial protection in accordance with Russian law and the standards
of SRO CRFIN, the Russian forex industry's official self-regulating
representative body in the Russian Federation.
The company's mission is to ensure fully-fledged support of optimal forms
of regulation in the Russian Federation and practical application of the
recommended norms. It implies provision of forex services based on the model of
over-the-counter derivative financial instruments, as well as the use of the
experience of Akmos Trade - the oldest forex broker in Russia that now forms
part of FOREX CLUB Group of Companies, in terms of cooperation with Saint
Petersburg Exchange and the development of the "FX+" project.
The company holds the FSFM license No. 1564, and is an official member of
SRO CRFIN.
SOURCE: FOREX CLUB
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