Wed, 28 Sep 2011 14:29:00 +0400
Export has increased by $313 mln. due to meat and foodstuffs. Import has increased by $523 mln. due to oil, petrol, power-operated cars, and equipment.
New Zealand dollar maintains correction motion towards long-term bullish trend at Forex market. The experts of the Department of Masterforex - V Trading System explain that once the currency pair has broken pivot MF, it has started forming bear impulse, which may be reversal. However, stopping at a sloping channel suggests that ascending motion within wave с(С) of Weekly level may last. The maximal point at the beggining of August – 0.8841 – will form resistance. Breaking a sloping channel may signal about the formation of reversal impulse provided that there is support of АО index. Such index can later start a correction motion or reverse a long-term tendency.
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Results of the referendum held in the business center of London have been processed.
City men are against Great Britain’s exit from the EU. This is demonstrated by vote in London City, where 75 percent of voters have said a firm “no” to Brexit.
According to The Independent, with reference to the recent survey conducted by the ORB, 55% of the U.K. citizens support the idea of quitting the European Union, which is also known as the so-called Brexit. Apparently, the remaining 45% still want to stay in the European Union. It is interesting to note that 12 months ago, the entire picture was the opposite.
According to several online sources specializing in the U.S. energy sector, the amount of businesses in the U.S. energy sector that went bankrupt in 2015 increased all the way up to 13%. The sources rely on the results of the resent research conducted by Fitch. Back in 2014, the similar figures used to be under 2%. On top of that, the experts are sure that by the end of 2016, the amount of bankruptcies among U.S. energy companies is going to reach 20%.
Some representatives of the international expert community remind us that the Fed is going to go back to discussing the possibility of another interest rate hike in the near future. This discussion is going to take place during the forthcoming FOMC meeting in June. They say that the markets are wrong when expecting the same interest rate for the 4th month in a row.
Not so long ago, a representative of the Saudi King’s was reported to have introduced a new development plan for Saudi Arabia until the year of 2030. It is named Vision 2030. The plan reveals the local authorities’ intention to introduced some fundamental changes to the country’s economy and financial system. They are aware of the serious dependence on crude oil exports, which is why they want to reduce this exposure to the international market of crude oil by making the local economy more diverse and less dependent on the local oil industry, especially amid still low oil prices and great uncertainty dominating today’s financial markets in general and the global oil market in particular.
The members of the Fed’s FOMC left the key interest rate unchanged at 0,25%-0,5% during the latest meeting last week. This is confirmed by the FOMC meeting minutes. To be more specific, the minutes read that the information received since the March meeting clearly indicates that the contemporary labor market is definitely improving and recovering despite the likelihood of another economic slowdown in the USA.
According to Andrey Gudkov, an observer for Deutsche Welle, the oil games played by Saudi Arabia may present danger to Russia and the USA. The be more specific, the observer says that the Saudis are playing dangerous oil games. They have been playing similar games in security and politics. Now they are playing those in macroeconomics. For instance, it was Saudi Arabia who intentionally disrupted the recent oil summit in Doha. On top of that, the Saudis announced their intention to sell tons of U.S. bonds to a stunning amount of $750 billion. Such unexpected steps may undermine financial markets worldwide and eventually affect a number of major and emerging economies, including Russia and the USA.