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Greece: share you trouble, and you will get better

05 January 09:31 AM

Forex news. Euro rate.
Psychologically, it is very hard to be a leader of the nation, whose neighbours and partners consider it to be the nation of idlers. This might have been the reason why ex-Premier of Greece Georgios Papandreou has made a decision to quit the post of Socialistic Party leader and take no part in the up-coming elections.
Current head of Greek government Lucas Papademos is also getting emotional. This has been demonstrated by the situation when, having failed to reach common ground with labour unions concerning the question of urgent need to reduce wages, current premier was obliged to make a public statement that the program aimed at saving Greek economy will not work if labour unions do not seek for understanding and try to reach consensus. Consequently, there will be no money to pay out debts, and in March there will collapse non-payment crisis, or, in other words, default.

Lucas Papademos has certainly felt much better when in his statement he has shared his doubts and worries with Eurozone neighbours and has shown the route of worries.

Technically, in relation to EURUSD currency pair, FOREX market has not yet faced the hidden wave "В" of d1 level. The price has currently reached the first negative point of 1.2885, the next one is 1.2724. They will become the nearest targets of the trend.
How the situation develops is to be traced at smaller timeframes. The highly potential ТР (Turning Point) of h1 wave level is being considered towards falling. According to the System of Early Prediction Sub-department at Masterforex-V Academy of Trading, as soon as the first impulse bearish wave is over, there will start a full-scale falling cycle of “ABC” algorithm of h1 level, which is to be set below the abovementioned levels. Provided that this happens, hidden wave “B” of d1 level will be delayed. Otherwise, is the levels are kept, the price will start rising wave "С" d1, following hidden wave "В" d1.

The System of Early Prediction Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or the direction of trend.

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

Text: Yiriy Ukazkin, trader of SRP Sub-department at Masterforex-V Academy

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European Natural Gas Crisis: Natural Outcome or Russia’s Game?

Natural gas import is still a major concern for the EU, especially this winter, which has been extremely cold. As a result, the consumption of natural gas in Europe has grown significantly, thus revealing a whole bunch of problems, including supplies and prices.

So, let’s have a closer look at the current situation in the European market of natural gas.

This winter every European country has shown increased demand for natural gas due to severe frosts. However, according to the Euro Commission, for some reason Russia reduced its export of natural gas to Europe in February (by 50% to the Czech Republic, by 30% to Austria, by 24% to Italy and by 8% to Poland). Germany, Hungary, Bulgaria, Romania, Greece and Slovakia are in the same list.

Publication date: 17 February 10:14 AM

A couple of days ago Willem Buiter, Chief Economist of Citigroup Inc., introduced a new notion – “rublezonefication”. According the Western mass media (Bloomberg, The Guardian, The Financial Times, The New York Times, Forbes etc), the respected economist used this notion to describe the future of the eurozone.

According to Willem Buiter, the ECB may initiate the collapse of the eurozone by allowing the union’s national central banks to expand their balance sheets at varying interest rates. This was the mistake made by the USSR’s central bank before the collapse of the so-called “ruble zone”.

The thing is that not so long ago the ECB provided the national banks of France, Italy, Spain , Austria, Portugal , Ireland and Cyprus with the abovementioned freedoms. Despite the temporary nature of these steps taken by the ECB, Mr. Buiter assumes that the eurozone members may eventually go back to their national currencies.

Is the eurozone really in trouble?

Publication date: 17 February 05:30 AM

For decades people have been pondering on the same questions: Is nuclear energy worth betting on? Will it be the energy of the future? Is it too dangerous for the humanity to keep developing nuclear facilities around the world?

No wonder that there are many supporters and adversaries. Each party has weighty arguments.

As we know, last year nuclear energy became a special concern for the entire world. The Fukushima meltdown in 2011 (as the result of several earthquakes and tsunamis) reminded everyone that nuclear energy is as dangerous as powerful.

Shortly after the disaster, most nuclear countries started emergency testing of their nuclear power plants to find out whether they are safe enough. Some of them decided to abandon their nuclear plans.

Now let’s have a closer look at the results of such policies and the prospects of nuclear power engineering.

Publication date: 16 February 08:31 AM

EU leaders held another summit in Brussels on Jan 30^th. It was attended by mixed sentiments and forecasts. Luckily, the EU and the eurozone managed to avoid disintegration. However, they didn’t find the cure for all the economic problems in the union either.

Germany and France, 2 economic locomotives of the debt-ridden eurozone, didn’t quit the currency union despite expectations but made another (the last) warning to the other eurozone members, thus reminding them to maintain budgetary discipline and forcing them to sing a “fiscal plan”.

Publication date: 04 February 02:20 PM

Investment news, Great Britain. Europe has introduced a number of surprises, not all of them being pleasant for investors. First of all, there has been a powerful debt crisis, which has resulted into the most large-scale problems ever faced by euro zone.

It is now added by rather serious talks about separatism and possible dissolution of certain members of European Union, including those that are at the top of global economy. This primarily concerns Great Britain, which has been struck by the information announced at the very beginning of 2012.

Publication date: 03 February 08:43 AM

The video game industry in the US and Europe seems to have reached its climax. Millions of gamers are looking forward to purchasing their own copy of another bestseller. They are ready to pay monthly fees for playing online and to buy various artifacts and items to take advantage over their enemies. Investors now seem to be more willing to invest millions in the industry.

The video game market of the CIS states is not as developed as the western one. Consequently, it presents special interest to the giants of the global video game industry. Pay to play and free to play are the 2 basic business approaches to earning on MMORPGs.

What are the essential differences between these two business approaches?

Publication date: 02 February 09:11 AM

Sometimes crude oil is referred to as “black gold”. For traders this is a major commodity. For investors this is a major investment object and a source of income.

Crude oil has been the reason for multiple wars (for example, Iraq, Libya, Persian Gulf) and international confrontation (USA – Iran, USA – Venezuela ).

Tips for beginners: crude oil is considered the most liquid and competitive commodity and energy carrier. Russia controls 1/6th of the global market of crude oil. It is the world’s number 7 in terms of oil reserves and a major oil exporter.

Publication date: 30 January 04:32 AM

News of forex broker rating. Every beginning trader that decides to become a professional, having completed forex training, faces a dilemma – which Forex broker to choose in order to open his first real trading account.

How to identify the best micro broker worldwide, which provides support in Russian, possesses starting deposit ranging from 1 to 20, maximum to 50 US dollars, has no experience of requotes, slipping, fraud, and deceit?

Why should real trading at forex market start with micro accounts?

Publication date: 25 January 06:11 PM

The eurozone is on the verge of collapse. Another attempt to resolve the crisis has failed. The multiple loans generously provided by the IMF, the EFSF and the World Bank to the sick eurozone economies of Greece, Portugal , Ireland hasn’t made a miracle.

Brussels seems to be ready to accept aid from anywhere, even from those countries that are not its allies or friends to, say the least. One of them are the so-called BRICS states (Brazil, Russia, India, China, South Africa).

All of them are united by the dynamic pace of economic growth and considerable stabilization funds. Till autumn 2011 the EU was rather skeptical about BRICS. French, British and German mass media would often assault and criticized the informal union, its members and their relations. Later the situation changed when Brussels had to come back to earth and ask BRICS for help.

Autumn promises: How can BRICS help the eurozone?

Publication date: 13 January 06:56 AM

On January 1st 2012 Denmark started its presidency of the EU Council. A small Scandinavian country is now in charge of the unofficial EU cabinet of ministers. Yet, this is one of the most dramatic periods in the history of the EU, when the very existence of the union is under threat.

What should we expect from Denmark ? What are the country’s ambitions and priorities?

What is the presidency of the EU Council?

According to the experts of Masterforex-V Academy, the EU Council and the European Parliament are the EU’s major authorities (all in all, there are 7 institutions).

Each EU member has a right to preside over the EU Council. It is done by turn, yet there is no exception, regardless of economic potential, size, period of being an EU member etc. In 6 months Denmark will yield power to Cyprus . Denmark has presided over the EU Council for 7 times since joining the EU.

Publication date: 05 January 05:15 PM

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«Market Leader» - news and previews making you rich.

Business And Politics News

Greece: share you trouble, and you will get better

European Natural Gas Crisis: Natural Outcome or Russia’s Game?

Citigroup: Euro Zone May Follow In Steps Of USSR’s Ruble Zone

Nuclear Energy: Present And Future

European Budgetary Union: Illusion or Way Out Of Debt Crisis?

Separatism in Scotland: Threat or Panacea for the United Kingdom?

Investing In Video Games: Pay To Play Or Free To Play?

Russian Oil: Fantastic Profits And Terrible Problems

Who will be Chosen the Best Micro Broker of 2012?

Will BRICS Save Eurozone From Crisis?

Danish Presidency Of EU Council: Any Changes For Investors