High-quality client support has always been a cornerstone of any company’s success, especially if it is a client-oriented one. Yet, this hold true not only for consumer markets but for financial markets as well.
The common European currency seems to be slowing down the pace of its price rally started in autumn.
Indeed, the SRP Department of Masterforex-V Academy report that the Daily chart of EURUSD shows that the Main Line of the AO_Zotik indicator (developed by Masterforex-V Academy) has entered the consolidation zone. At the same time the mid-term tendency shown by h1 and h4 charts has definitely turned bearish.
Over the weekend, the European parliament started debates over the European budget for the next 7 years. This is the same budget that has been approved by EU leaders during the recent EU summit. For the first time in history, they agreed on budget cuts.
The Russian Forex industry has recently seen a major event. Alpari, one of the most popular Forex brokers, was officially recognized the industry’s biggest broking company. This information was revealed by Interfax.
The Prime Minister of Japan criticized the governing board of the Bank of Japan over their fears of possible hyperinflation due to raising the inflation target up to 2%.
According to the economists working for the National Institute of Economic and Social Research (NIESR), the British economy will grow by 0.7% in 2013, which is below 1.1% given in the previous forecast. 2014 is expected to bring a 1.5% increase.