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Forex news, rate of Japanese yen. Analytics call trade balance figures to be the reason for the last drop of yen rate, as the issued data has demonstrated deficit for the first time since 1980.
Forex news, rate of Swiss franc. According to Commerzbank analytics, there will be no doubts about bull power when USDCHF currency pair passes 0.9395 point.
Analytic Karen Johns has made an assumption that when the currency pair drops below 0.9250, points 0.92 and 0.9080 will become the next targets of the bearish trend.
Following the recently set tradition, EURUSD currency pair starts trading at FOREX market by trying to build a wave structure against the non-stop mid-term bullish trend of h4 wave level. Timeframes h1 and m15 currently show an extremely correct, and therefore “suspicious”, figure of “head and shoulders”.
The debt writedown talks in Athens are said to see some progress. Today the talks will be resumed in advance of the EU summit scheduled for Monday. Yesterday the ECB helped Italy to lower its bond yield below 6%. However, Portugal ’s 5-and 10-year bond yields reached the highest levels on the fears that the country may need further financial support from the EU.
On Thursday the private holders of Greek bonds (under the auspices of the IIF) continued the debt writedown talks with Athens. The thing is that the economic situation in Greece keeps deteriorating, which suggests writing down more of its debt, otherwise all the previous steps will make no sense.
The Bank of England made an official statement: It is ready to keep stimulating the UK economy, with expanding the financial support for the country’s credit and financial institutions. According to Mervyn King, the main goal is to support the UK economy during another global economic slowdown.
After yesterday’s “shot” towards bullish trend of upper wave level h4 EURUSD may be expected to finish a correctional structure within m15 timeframe at the level of sub-waves in the course of European trading session at FOREX market.
According to the specialists of the System of Early Prediction Sub-department within Masterforex-V Trading Academy, at this point it will be interesting to watch how the impulse nature of last rising sub-wave of m15 level.
At the beginning of American trading session at FOREX market EURUSD currency pair has turned to correction to entire bullish trend of h4 wave level.
Forex news, euro rate. This year economy will decline and crisis will keep getting worse due to debt crisis in euro zone. This may result in recession of world economy as a whole. The predicted global growth has dropped to 3.3 percent, as a result of similar decline in Europe.
Today investors will be focused on the Fed Reserve’s interest rate forecast. The forecast will be published for the first time in history. Even though most investors expect the key interest rate to stay unchanged till mid 2014, the forecast can make them change their mind.