07 March 09:43 AM
Forex news, dollar rate. Strengthening of dollar that has lasted for five days signals about fundamental problems awaiting for global economy. US stock market keeps declining for three day in a row.
At the beginning of the week China lowered its prediction of this year’s GDP growth to 7.5%, and on March 06 Reserve Bank of Australia (RBA) worsened its predictions about the development of global economy. Today it was also reported that European loss from Greek default will amount to 1 trn. euro. As a result, investors doubted about the perspectives of global economy, and demand for dollar has risen.
Let us remind that at the end of last week Ben Bernanke, the head of US FRS, expressed an idea that there is no urgent need to start the quantitative easing program Q3 in the nearest future.
According to the experts of Мasterforex-V Trading System, dollar rate is within impulse wave "a(С)/C" of H4 level. Resistance is provided by target points 80.00 and 80.23. In order to change bullish trend sloping channel MF and bearish pivot MF 79.35 are to be passed, and FZR formed.
You are free to discuss this article here: forum for traders and investors
Administration of Canada has ceased the presentation of the system for the natives to reserve outside speculations. Consistent with facts, this project is earnestly utilized by the well-off nationals of China.
Jim Flaherty, who served as fiannce Minister in the legislature of Canada, throughout his discourse to the Parliament of Canada in Ottawa, spoke about the undoing of the system, Immigrant Investor Program. Fund Minister investigated the nation's plan for 2014.
Step by step the inquiry if it is truly to profit on the Forex business sector is getting to be progressively vital; a developing number of individuals is intrigued by this inquiry from all the world. In this respect, there are numerous organizations over the Internet offering administrations in different figuring out how to work at the markets, and additionally different strategies to profit. Subsequently it is not so natural to pick the right organization represent considerable authority in exchanging, which is capable not just to give all the essential is preparing materials, additionally assume ownership over their pertinence and discipline.
These days, Forex has become a major source of income for thousands of professional traders around the globe. Apparently, this couldn’t be possible but for reliable broking companies, which let their clients make money on a regular basis. Such broking brokers have always been oriented towards client needs and desires. They strive to improve their trading conditions for even more convenient and efficient trading.
Meanwhile, more and more banks start offering broking services to Forex traders. At the same time, more and more experienced traders turn to banks acting as brokers since they are aware that banks can provide more guarantees and security.
Despite the fact, that most ads in the trading niche are given by simple retail broking companies and dealing centers, broking banks still have a lot more to offer sophisticated traders and investors.