LONDON, April 11, 2013 /PRNewswire/ --
The recent bailout in Cyprus has opened a new chapter in the Eurozone crisis and precipitated a collapse of confidence in the single currency never witnessed before. The gradual realisation that deposits held in Italy, Spain and even Germany are no longer safe, has caused investors to reassess the risks to their portfolios.
Saxo Capital Markets UK, the multi-asset online trading and investment specialist, will be launching the second installment of the #FXDebates series on Tuesday 7 May from 5pm at Bloomberg's Office in London to discuss the likely impact Cyprus's bailout will have on currency markets.
Lars Seier Christensen, co-CEO of Saxo Bank, will open the debate with a speech on the Eurozone, the outlook for the single currency and whether the notion that the Eurozone is "irreversible" is now broken.
This will be followed by a panel discussion moderated by Allister Heath, Editor, City AM including John Hardy, Head of FX Strategy, Saxo Bank, Geoffrey Yu, FX Strategist, UBS, Stephen Jen, Managing Director, SLJ Macro Partners and Valentin Marinov, Director, Head of European G10 FX Strategy, CitiFX.
The event will also explore the opportunities that the crisis presents to traders; Rakesh Shah, Managing Director at Kingly Capital will present on tactical trading steps and break out confirmation techniques.
Commenting on the current situation, Lars Seier Christensen, co-CEO of Saxo Bank said,
"The problems in Cyprus and the proposed solution of capital controls and withdrawal restrictions mean that the concept of the Eurozone can hardly be said to exist in its originally intended format any more. There are now two tiers to the Eurozone; the restricted one in Nicosia and the so far unrestricted one in the rest of the Eurozone. This sets the precedent for other countries requiring assistance, so will we now see the start of multiple versions of the Eurozone in the future or will it become ultimately untenable? This is an important question for all FX traders."
Saxo Capital Markets UK extends an invitation to all parties interested in attending this free event. Please register your interest at http://www.cityam.com/saxofxdebates
Follow the debates via twitter: https://twitter.com/SaxoMarkets using the hashtag #FXDebatesEvent details
Date: May 7, 2013
Time: 17:00 pm - 19:05 pm
Venue: Bloomberg Office, City Gate House, 39-45 Finsbury Square, London EC2A 1PQ
For more information about this event http://www.saxomarkets.co.uk.
About Saxo Capital Markets
Saxo Capital Markets UK Limited is a wholly owned subsidiary of Saxo Bank A/S, the parent company of the Saxo Bank Group, an international financial services group specialising in trading and investment across global financial markets. Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank A/S and since 1 January, 2012 as Saxo Capital Markets UK Limited.
Saxo Capital Markets UK offers private investors online trading and investment in FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives, and online wealth management for Funds, Shares, ETFs, Certificates and Bonds. Saxo Capital Markets UK also offers online trading services to a broad institutional client base including Hedge Funds, Introducing Brokers and Money Managers through our award-winning trading platform SaxoTrader, SaxoWebTrader and SaxoMobileTrader and Saxo's B2B/API services.
Additionally a large base of Banks, Brokers, Asset and Money managers, utilise our award winning white label solutions, in order to provide their clients with access to all or some of our trading platforms and associated liquidity.
Find out more about FX Trading opportunities with Saxo Capital Markets.
This material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. This material may refer to past performance and you should note that past performance is not necessarily a reliable indicator of future performance. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Saxo Capital Markets UK Limited or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Saxo Capital Markets UK Limited is a company authorised and regulated by the Financial Services Authority, registration Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA
Uriel Alvarado Cancino, Chief Public Relations and Marketing Officer, Saxo Capital Markets UK
Nicholle De Beer, Public Relations and Marketing Manager, Saxo Capital Markets UK
SOURCE Saxo Capital Markets