LOFX Looks Forward To Global Brokerage Recovery In Q3 Of 2012
Natural but catastrophic calamities have brought chaos to the entire business sectors globally. For Brokerage industry alone, the last quarter of 2011 and the first quarter of 2012 posed a potential negative returns both for brokerage firms and investors.
- (1888PressRelease) July 17, 2012 - According to a survey conducted by an independent research firm, there is a great possibility that most brokerage services worldwide would be threatened by the recent mishaps happening around the world. Aside from those natural disasters, political destabilization in oil-producing countries, undetermined debt crisis in Eurozone, global efforts to stabilize the financial crisis is still going on.
Contrary to the present scenarios, LOFX is optimistically holding on to the US improved prediction which could generate gains for risk assets like commodities and stocks despite debt crisis in Europe and financial crisis in some financially stable countries. The prediction has it that in consonance with the destruction caused by earthquakes and floods, more and more investors and traders will be working hard on their financial stability and security.
Mr. Daniel Galloway, LOFX Managing Director said that the action taken by the US government on the tax cut extension and other stimulus measures could help enhance the entire global outlook recovery of the business industry. "We believe that even financial crisis will soon be over, although the Eurozone problems remain a threat to the industry. Currently, there is no yet pronouncement of economic crisis in some disaster affected countries," added Galloway.
Here are other predictions that could help enhance the global market outlook:
• China's growth to sluggish only slightly, with inflation likely to remain elevated
• Improved demand and lessening supply likely to push crude oil prices higher
• Estimated higher gold and silver prices; in particular, to reach new all-time highs
• Australia continues to ingest along and the Australian dollar continues to outperform despite the Reserve Bank of Australia staying on hold
• The New Zealand dollar underperforms as the Reserve Bank of New Zealand takes a more stance despite calamity
• Euro remains susceptible to on-going standoff between ECB and national governments over debt crisis resolution mechanism
• Japan economy is not yet declared as destabilized
In the main time, LOFX will focus more on the potential profit taking business undertakings such as foreign exchange trading service as it recently highlighted probable technical levels for key pairs such as AUS/USD, USD/JPY, USD/CAD, GBP/USD and EUR/USD while the significant cross currency pairs will also be covered like EUR/JPY and EUR/GBP.
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