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Sunday, 23 October 21:28 (GMT -05:00)

Business And Politics News

Herman Van Rompuy: there is a way out from crisis

Forex news. The web-site of European Union displays a video message from EU President Herman Van Rompuy, in which he announces that another meeting of EU heads has been planned for January 30, 2012. Formally, the problem of unemployment will be the key topic of discussion, whereas in fact the issue of Eurozone debt crisis will certainly be raised.
In general, the message is rather positive: "We are to take drastic measures in the sphere of unemployment. Providing financial stability within Eurozone is of major importance for our future. This year we have made significant decisions to fight the crisis of sovereign debt. Almost all countries, members of the union, are holding reforms aimed at rising the competitiveness of our companies and strengthening public finance. There is a social way out from crisis".

As a balance to the official optimism of European Union, RBC Daily newspaper has published a translation of Nobel Prize winner in economics Joseph Stiglitz’s view on current situation. Its main idea can be summed up as "World is on the point of new chaos". Stiglitz supposes that the best thing about the expiring year of 2011 is that it has probably been better than the coming 2012.

At FOREX market EURUSD currency pair is forming a rising wave "С" of h1 level, which corresponds to sub-wave "с" within the ТР (Turning Point) of h4 level.
4th sub-wave is being formed as a part of wave "С". As soon as it is over, the current rising trend will probably continue, provided that there are no signals about its termination. In such a case, point 1.3183 will be the nearest target, as stated by the specialists of the System of Early Prediction Sub-department under the Department of Masterforex-V Trading System .



SRP Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or trend.


You are free to discuss this article here:   forum for traders and investors


Text: Alex von Stachelkopf, expert of SRP Sub-Department under the Department of Masterforex-V TS
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Freedom House Says Crimean Elections Are Illegitimate

Freedom House, a world-famous international organization defending human rights around the globe is reported to have condemned the recent parliamentary election in the Crimea, which is now a part of the Russian Federation, but Ukraine and the Western world still see the Crimea as a part of Ukraine. The organization says that the elections were illegitimate anyway since the territorial dispute is still underway.
Publication date: 18 October 02:26 PM

Global Economy Will Stay Volatile Until Bexit Is Over

As you probably know, the decision made by the British people to quit the European Union, which is now known as the Brexit, added uncertainty to the global economy as international financial markets went more volatile.


Still, G20 leaders still hope that the United Kingdom is going to retain close economic and political ties with the European Union. In the meantime, more and more representatives of the international expert community, including the UK’s financial authorities, assume that this uncertainty is likely to be seen as long as the Brexit procedure is still underway. This means that the existing volatility seen in the global economy and financial markets will disappear only when the Brexit is completed.
Publication date: 16 October 04:26 PM

Russian-Saudi Oil Agreement Pushed Oil Prices Higher

For those of you who don't know, Russia and Saudi Arabia signed an agreement on cooperating in the global market of crude oil. The news pushed oil prices higher. To be more specific, Brent oil gained 4% instantly after the news. Still, the rally was strong but short.
Publication date: 03 October 01:54 PM

Will Russia Join OPEC Agreement on Oil Production Cuts?

After OPEC unexpectedly decided to cut their oil production during the unofficial summit in Algeria on September 29,2016, the international community started asking one and the same question, which is whether Russia is actually going to join the agreement. The thing is that Russia was one of the first advocates of this idea and urged every energy nation out there to make this crucial step for their mutual benefit based on higher oil prices and bigger profits from oil exports.
Publication date: 30 September 06:55 PM

Nassim Taleb: Being Successful is Being Unpredictable

The world is full of unpredictable events happening from time to time. Nobody expected the disintegration of the USSR or the 9/11 terrorist attacks. World War I broke out in an instance and came as a shock to the humanity, doing unprecedented damage to the entire world.
Publication date: 30 September 05:13 AM

Will Russia, Iran, and Saudi Arabia Agree on Oil Production?

Today, Algeria is hosting an informal OPEC summit. The used to say that Russia may well join the cartel during this informal summit to discuss the current situation in the global market of crude oil and work out an efficient way to change it for the better. Still, now it is reported that Russia is not going to be participating in the summit since this is a summit for OPEC member only.
Publication date: 28 September 05:04 PM

UK-EU Relations After Brexit

As you probably know, the United Kingdom is going to quit the European Union. At the same time, the UK definitely wants to retain its economic ties with the EU after the so-called Brexit, Masterforex-V Academy experts say. When it comes to economic relations with the European Union, Great Britain can follow the example of Norway, Switzerland, Turkey, or the WTO.
Publication date: 16 September 05:15 AM

How Turkey Benefits From Reconciliation With Russia In Terms Of Geopolitics

After Putin and Erdogan made steps toward reconciling Russian and Turkey, the Russian folks changed their mind as well. Not so long ago, you could see most Russians being hostile to everything that comes from Turkey. Now, this is no longer the case. At least it seems so.



Publication date: 31 August 10:32 AM

Brexit Threatens UK With Disintegration

Some experts say that the so-called Brexit may eventually result in the disintegration of the United Kingdom. In particular, Scotland has already made a call for another referendum on independence from the United Kingdom.
Publication date: 31 August 06:42 AM

Saudis Are Dumping Oil Prices Again

More and more experts working in the oil industry start discussing a new wave of price dumping initiated by Saudi Arabia. That thing is that a couple of weeks ago, the Saudis dropped their oil export prices to Asian countries by 0.7-1.3 dollars per barrel.


Publication date: 22 August 12:21 PM