FVP Trade Issues Forecast for Year of the Tiger

FVP Trade, an award-winning Forex and CFD broker, has issued a forecast for the Asian financial markets for the Year of the Tiger.

According to FVP Trade Chief Marketing Development Office Keith Walker, Asian markets are expecting a significant recovery this year. The momentum of this recovery should be evident as early as the end of Q2.

The pace of each region may differ, but Walker expects South-East Asian countries to see the biggest resurgence, given how hard-hit they were by the pandemic and their speed in re-opening.

Walker sees East Asia, including China, as being more cautious to re-open but should nonetheless experience rapid progress.

South Asia, according to Walker, has “huge potential” and should be monitored for huge growth.

Walker supported his forecasts by citing the behavior of Asian stock markets during 2021.

“The Hang-Seng Index in Hong Kong experienced the most dramatic decline, contracting by nearly 17.5% in 2021, along with Korea’s KOPSI which fell by almost 14%,” said Walker. “Other regions contracted less drastically, with the Japanese NIKKEI index declining by only 5.7% and the Shanghai Composite falling by just 2.6%. Most other key indices in Asia saw positive growth despite the pandemic, with India’s NIFTY50 index expanding by a remarkable 20%, and Singapore’s Straits Times Index growing 10%. This year I’m anticipating a strong recovery in most if not all of these markets, so investors should follow them closely, as an upturn in trade can only benefit financial sectors Asia wide.”

FVP TradeThe brokerage firm set up its Asian headquarters last year in Shenzhen, China to better serve its Asia market. After the pandemic forced many companies to adapt their client-facing support models, FVP Trade set up the Shenzhen branch and invested in state-of-the-art technology to cater to its regional base.

The $1.5 million Shenzhen headquarters had its grand opening at the beginning of the Year of Tiger to illustrate the company’s strength and ambition.

FVP Trade notes that they signed a sponsorship deal with English football team Blackburn Rovers last year for the purpose of cross-promotion between Europe and Asia. The team is currently in the EFL championship league and poised in second place to nab a spot in the coveted English Premier League.

FVP Trade prides itself on its client services and execution to its customers around the globe. The broker is regulated by the Australian Securities & Investments Commission (ASIC), the Financial Conduct Authority (FCA), and as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Gabriel Sherman
Gabriel joined the team at DailyForex in 2020. Gabriel had previously worked as the national sales manager for a payment processing company, where he edited the marketing materials. After obtaining a degree in Communications from the Interdisciplinary Center of Herzliya, Gabriel helped mortgage and insurance brokers and fintech companies become authorized by the Financial Conduct Authority, and edited the company website and documents.