Fri, 16 Mar 2012 09:10:00 +0400
Forex news, dollar rate. Bernanke has highlighted the value of small regional banks and called them significant components of US banking system. Small banks have deeper understanding of local economy, and, consequently, may suggest more flexible credit programs in comparison to their competitors of national scale.
The head of FRS has also admitted that US economic recovery remains slow, which has a negative impact on banking sector. Small banks mostly suffer from this.
Ben Bernanke has also promised that rules concerning such factors as risk management, capital, and liquidity will be mostly applied to large banks. Besides, he has assured that current differenciation between large and small financial institutions will be kept.
Speaking about situation at Forex market, analysts of Masterforex-V Academy Department of Volumes Analysis explained that significant points for short-term analysis include:
- contract level 1.3118
- point 1.3068 – volume accumulation.
If this range is passed, and the trend is set above/below it, preferred direction will be defined.
Support – 1.3046 1.3025.
Resistance above contract level – 1.3145 - 50.
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According to CBI data, the amount of manufacturing orders in the U.K. shrank in November as compared to the previous reporting period, Market Leader reports. At the same time, analysts are now talking about the high risk that Great Britain’s manufacturing sector may see a further drop in Q4 2015.
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Journalists of the “Market Leader” have come with a new visit to the vice-rector of Masterforex-V Academy Sergei Cherepanov (nick at forum Rich man) to ask him about intermediate statistical results of work of 50 best Forex traders, whose offers can be copied for free in the innovative system pro-rebate.com.
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The Eurozone’s construction sector saw a volume drop in September. This is what the latest report by Eurostat says. At the same time, the EU construction sector is showing some growth. When adjusted for seasonality, the construction decline in the Eurozone was equal to 0.4% over the reporting period relative to the preceding one.