Will the US dollar see the return of a bull market in the global foreign exchange market in 2005? Or will the bear market persist? This topic, closely watched by Sydney's investment community, was explored in depth at KVB Kunlun's "2005 Forex Market Outlook" advanced forex investment seminar held on October 16. This was another professional forex investment seminar held by KVB Kunlun in Sydney, following its successful "Gann Theory and Forecasting the Global Forex Market" international forum in 2003.
For this seminar, KVB Kunlun specially dispatched two heavyweight forex experts. In addition to the well-known Senior Investment Advisor Mr. Su Zhiheng (a contributing writer for the finance columns of Australia's Sing Tao Daily and Australian Chinese Daily), there was also Mr. Xu Ziyu, Director of Forex Trading, who was "flown in" from KVB Kunlun's Auckland headquarters. Mr. Xu has held senior positions at numerous global financial institutions, including Vice President of Market and Business Development at the Singapore Exchange, Treasurer at Banca Commerciale Italiana, and Chief Manager of Risk Management at Dai-Ichi Kangyo Bank of Japan. With 19 years of experience in the financial industry, he possesses unique expertise in forex investment and forex derivatives.
During the seminar, which lasted over three hours, the two speakers, each with their own style, explained to the audience the overall environment of forex investment, influencing factors, fundamental analysis, and other knowledge, and provided analysis and forecasts of forex trends for the coming year. The atmosphere was exceptionally lively, with nearly 200 attendees actively asking questions, creating wave after wave of excitement.
Mr. Su Zhiheng spoke on the 2005 forex investment environment, the main drivers behind the US dollar's decline, and the interaction between the US dollar, gold, and oil prices. Mr. Su believes that, as the pace of Australia's property and credit growth has stabilized, Australian interest rates will see a slight increase in 2005. Exports of commodities and mineral resources will continue to boom, driving domestic economic growth and the appreciation of the Australian dollar in the first half of next year. However, in the second half of next year, Australia's current account deficit may widen again. Overall, after experiencing a three-year bull market, the Australian dollar will continue to consolidate upward next year, with relatively low downside risk. Finally, Mr. Su reminded the audience that they should make their own investment decisions based on their individual investment objectives and risk tolerance.
Mr. Xu Ziyu primarily analyzed the NZD/AUD cross rate. According to more than a year of tracking and research analysis by KVB Kunlun's investment advisory team, the current NZD/AUD price level is one rarely seen in over a decade. From a technical perspective, over the past 10 years, the NZD/AUD has fluctuated between 0.9515 and 0.7312, never breaking through the 0.9515 level. On the other hand, from a fundamental perspective, New Zealand currently outperforms Australia in many economic indicators, such as gross domestic product, retail sales growth rate, consumer price index, and unemployment rate, but these advantages of New Zealand are gradually fading. Combining fundamental and technical analysis, KVB Kunlun ultimately provided investors with a forecast of the NZD/AUD trend over the next 3 to 6 months, concluding that as long as investors seize the right timing, investing in NZD/AUD will bring them stable returns.
Compared with last year, this year's investment seminar attracted more highly professional investors, who showed unprecedented interest in and attention to forex investment—which is surely closely tied to Australia's favorable investment environment. After the event, more than a dozen attendees opened margin accounts on the spot in order to seize these not-to-be-missed investment opportunities as quickly as possible.
As the most senior licensed forex dealer in the Oceania region, KVB Kunlun has developed by leaps and bounds over the past few years, becoming the most professional and largest Chinese-owned (non-bank) financial institution in the industry, earning very high praise from clients around the world. In September last year, KVB Kunlun was the first to launch the first Chinese-language platform for forex margin trading—Forexstar. This trading platform features top-tier technical analysis indicators and a user-friendly operating interface, providing an excellent embodiment of the company's long-held mission of "providing high-quality, professional, safe, and reliable financial services to Chinese people worldwide." This year, KVB Kunlun established wholly-owned subsidiaries in Hong Kong and Melbourne, thereby providing more professional, safer, and more convenient services to a greater number of Chinese people in various locations.
A KVB Kunlun representative stated that more professional investment seminars will be launched in the future. At the same time, as KVB Kunlun continues to develop and introduce new forex investment products, it is believed that more investors can be helped to master the uniquely appealing rules of forex investment, thereby achieving higher investment returns.
KVB Kunlun offers a Chinese-language website and a Chinese-language hotline to serve its Chinese clients. Website: www.kvbkunlun.com
