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Saturday, 23 October 13:16 (GMT -05:00)



Foreign exchange market

EURUSD: David Cameron Against New Tax

EURUSD

 

 

Today Angela Merkel and Nicolas Sarkozy will meet in Berlin to discuss numerous issues, including a new tax on financial operations. The leaders of Germany and France support the idea of introducing a 0.1% fee in order to protect financial markets from speculators, thus making them more stable.
 

 

 

 

 

 

Last week Nicolas Sarkozy said that he was going to initiate the introduction of the tax even without the necessary support from other EU members.
 
In the meantime, David Cameron, UK Prime Minister, is against introducing the tax, saying that such measures can scare away big-scale investment companies headquartered in the City of London.
In an interview to the BBC Mr. Cameron said that "the idea of a new European tax when you're not going to have that tax put in place in other places, I don't think is sensible and so I will block it…"
 
In the meantime, according to the SRP Sub-department under the Department of Masterforex-V Trading System ,EURUSD is forming an upswing - wave C inside an H1 recovery against the current downtrend, which will probably be resumed after the recovery is over.

 

 

 

 

 

 

To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.

 

 

 

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

 

Text: Alex von Stachelkopf, the SRP Sub-department under the Department of Masterforex-V Trading System
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VWAP Indicator. Usage Peculiarities.

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Tape Patterns Indicator

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Publication date: 30 September 04:07 AM

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Publication date: 29 September 01:07 PM

Gold Prices Drop Below $1860/oz, Seeing A Major Downtrend

On Thursday morning, the spot price of gold dropped roughly down to $1850/oz withing the scope of a strong downtrend started earlier this week, with a strong gap from the consolidation level. The key factors contributing to the price drop was the sudden strengthening of the U.S. Dollar.

Publication date: 25 September 07:39 AM

Texas Authorities Spot New Crypto Scams

The TSSB, which is the financial regulator of Texas, is reported to have revealed a couple of potential scams in the international market of cryptocurrencies. These are named Forex Birds and PEK Universe. From now on, both of these projects cannot work in Texas anymore. These projects were banned on September, 3rd.

Publication date: 18 September 01:07 PM

Cryptocurrencies On Sale: ChainLink and TRON Go Down, Bitcoin Is Stable

Wednesday's session is bringing a retracement in the market of digital assets, which is affecting the entire crypto market cap. Chainlink (LINK), TRON (TRX), and Tezos (XTZ) have been the biggest losers over the last 24 hours. They lost 9,7%, 8,7%, and 5,5% respectively. Bitcoins remains stable and one of the very few tokens among the top 20 that are still showing some gains, though modest ones.

Publication date: 16 September 12:04 PM

What's Next For Bitcoin?

Some analysts argue the future of Bitcoin, also known as the digital gold. Last week, the Winkelvoss brothers stated that the BTC price may skyrocket all the way up to 500.000 dollars per coin in the near future. This opinion is shared by Bloomberg analysts. But on the other hand, Bitcoin may see the opposite scenario, which is a major crash to make it as cheap as dirt.

Publication date: 10 September 03:00 AM

How To Get Ready For Bitcoin Boom 2020?

Cryptocurrencies keep on growing in value. If you are going to buy your first coins, this is what you should do first.
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