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HSBC: Euro Will Strengthen In Q1 2012
Deutsche Bank: Japanese Yen Will Strengthen Further
GBPUSD: Budget Surplus Fails To Support British Pound
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USDCHF: Lower External Trade Surplus Fails To Curb Swiss Franc Strengthening
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Foreign exchange market
Euro Rate: IMF Predicts Global Economy to Get Worse Because of EU
25 January 09:33 AM
Forex news, euro rate. This year economy will decline and crisis will keep getting worse due to debt crisis in euro zone. This may result in recession of world economy as a whole. The predicted global growth has dropped to 3.3 percent, as a result of similar decline in Europe.
Many analytics suppose that the prediction has been reconsidered because of euro zone. Despite optimism at financial markets and better economic results in January, IMF supposes that escalation of debt crisis in euro zone will lead to economic decline.
IMF shares the opinion of World Bank, whose representatives suppose that collapse of euro zone would result in another global economic decline, similar to the one that followed the crash of Lehman Brothers investment bank in 2008.
“There is a risk that the weak global economic recovery may stop. Europe may fall down into recession,” claimed Reuters at a press conference.
According to IMF, developing markets are also facing the decline of economic growth, and mostly these markets pay for the global expansion. New forecast of IMF for the current year has remained the same only concerning economic growth in the USA.
Masterforex-V Academy analytics explain:
Current points of flat:
EUR/USD 1.2953 - 1.3046 (1.3015 - 1.3046);
- ТО 1.2953 = 50% - potential b(С) n4;
- MSF = а(С)/reduced С Н1.
Up Hound, с(С) Н1 within с(С) n4;
Short down waves to NK and TO 1.2953.
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Gold And Silver: Daily Market Outlook. Feb 22nd 2012
HSBC: Euro Will Strengthen In Q1 2012
Deutsche Bank: Japanese Yen Will Strengthen Further
GBPUSD: Budget Surplus Fails To Support British Pound
AUDUSD: Australian Dollar Exchange Rate Will Depend On Inflation
USDCHF: Lower External Trade Surplus Fails To Curb Swiss Franc Strengthening
Euro Rate: Can One Survive in the Narrowing Flat?
Forex news.
Having delved into a range of sub-waves within narrowing correctional flat of h1 wave level at the beginning of the week, EURUSD currency pair is acting in a rather mysterious way at FOREX market. At the same time, one may seek for profit-making market trends at lower timeframes.
EURUSD: Market Outlook
Euro Rate: Good Word and Currency Feels Good
Forex news.
Negotiations of Finance Ministers of euro zone on the matter of “final” approval of Greek support package to Greek has lasted for over 12 hours. By 7 a.m. Moscow time the decision has been made. The second, 130 billion euro, support package has been assigned to the country. Greek Prime Minister Lucas Papademos has called this occasion “historic”.
Euro Rate: Adherence to Bullish Trend
Forex news.
Not waiting for the start of European trading session at FOREX market, EURUSD currency pair has jumped 100 points up to the point of 1.3293, having exceeded yesterday’s local maximum. This has proved the high inertness of price and adherence to the trend.
At the same time, timeframes from m5 to h1 give signals of the possible termination of rising trend in the nearest future. The period of the session currently shows a combination of waves "А" and "В" of m15 level. From the point of view of traders, profit-making falling wave "С" would be desirable in the nearest future.