The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

23.01.2015 - Decline of the euro has accelerated again

Statistics on the economic activity in the euro area remains controversial. Thus, the manufacturing and service PMI in the euro area rose to 51.0 and 52.3 against 50.6 in January and 51.6 in December. At the same time, the manufacturing PMI in Germany fell to 51.0, against expected 51.8, which triggered a wave of sales. Additional incentive for the fall of the euro the next week will be the results of the elections in Greece, which is likely to win the opposition party Syriza, which can lead to problems with the restructuring of Greek debt. At the moment, there is no reason to change the negative trend in the near future the price will reach 1.1000. We recommend holding short positions and maintain the medium-term outlook for the euro.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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