Euro Expected to Rise to $1.27 by the End of September 2012
MOSCOW, August 23, 2012 /PRNewswire/ --
- 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.
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, 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.
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, 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 (license #025928). For information on our business, please click here.
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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