「KOL Analysis•Jasper Lo」EU “frugal four” countries become potential Euro-killers

It is remarkable that there have been deep divisions in other aspects of trade between the UK and EU, and it is believed that same agreement will not be reached easily next week due to the uncompromising attitudes of both sides.

If the negotiation between two sides make a dramatic turn next week, it will contribute to the continuous recovery of the exchange rate of British pound. But, it is estimated that pound may not break through the level of 1.2647.

As for euro, we should focus on whether the€500 billion recovery fund proposed by France and Germany will be passed in the EU summit as Austria, Denmark, the Netherlands and Sweden has rejected it. And these four countries prefer establishing recovery fund by a form of loan. So passing the proposal is a difficult challenge, which results in a more unstable Euro market in the future.

The European Central Bank previously made a high-profile statement that some measures should be taken to stimulate the economy in June, including possible easy monetary policy. EUR/USD is expected to rebound, and may not break above the resistance level of 1.1147, with great chance to fall to the level of 1.0767-1.0717 again.

Im concerned that Italy will probably default on its debt in a short term without support, which may result in a worse situation in euro market.

【About The Author】

Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.

Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.

Mr Los experience as guest of honor invited by media including Chinese and English newspapers and columnist:

-Guest of honor invited by TVB New Channels such as Finance Channel, Forex Focus, Global Watch

-Guest of honor invited by Now Finance Channel - Forex Reports

-Guest of honor invited by i-CABLE Finance Info Channel - Forex Opportunities

-Guest of honor invited by ViuTV - Investor Smarter Group

-Columnist of Finance and Forex Market of Ming Pao

-Presenter of Finance and Forex Forecast of Ming Pao

-Presenter of Investment 36 Stratagem and Technical Analysis in 1 Min of Ming Bao Finance

-Appointed lecturer of Ming Pao Investment Seminar and Paid Course

-Author of the best seller Investment 36 Stratagem

-Columnist of Forex Expert, Forex Analyst, Marathon Weekly of ET Net

-Guest of honor of Open Good Morning of ET Net

-Guest of honor of Metro Finance Channel - Market Opening, Instant Market Fighting, Guangdong-Hong Kong Finance, Finances Power, Market Analysis

-Guest of honor of New Era of Investment of RTHK

-Columnist of Capital Commodities of Capital Weekly

-Guest Presenter of Wang Guanyi Online Finance Channel - Fund and Commercial Bond

-Columnist of Wealthub Finance and Investment Smart Platform of Enrich Culture

-Guest presenter of Weekly Investment in the World of Enrich Culture

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