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- This is the full translation for Chinese text inside the green zone.
"Forex experts say that in the coming 3 to 6 months, EURSGD and GBPSGD could weaken further.
Ms Chief Trainer of say that in the next 3 months, EURSGD could fall from the current 1.635 to 1.58 while GBPSGD could move from the current 2.053 to 1.90.
She explained that ECB President announced days ago that the central bank will purchase asset-backed securities (ABS) and covered bonds, which is the latest way to inject capital into the Eurozone. Market watchers interpret this as quantitative easing for the Eurozone. After announcement, EURSGD reacted by falling, GBPSGD was dragged down as well.
Binni Ong says, GBPUSD was already falling prior to this development. If Scotland becomes independent from UK, the UK GDP will be weakened."Sep 16, 2014
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