Thu, 22 Dec 2011 05:12:00 +0400
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.
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As you know, after the West introduced several rounds of sanctions against Russia (supposedly for being secretly involved and in the current civil war in the East of Ukraine) coupled with the never ending price collapse in the market of crude oil we have been witnessing since mid 2014, the financial and economic situation in the Russian Federation deteriorated drastically, Market Leader reports. More and more financial experts start giving gloomy predictions regarding the near-term future of the Russian economy as well as Russia’s national currency.
According to an observer for The Guardian, the Russian central bank’s efforts to stabilize the national currency are going to have only short-term effect since the crisis in Russian has just begun.
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Development in deals to outsiders of land objects of Cyprus arrived at in the first quarter of this current year of 6.8%. This was accounted for by the overseeing chief of Urban Sprinkle Land & Contracted Surveyors Koloirou Lombroso, who displayed the aftereffects of the evaluated studies.