22 March 06:23 AM
Large-scale injections of liquidity, which European Central Bank has given enough during the last historic period, and providing financial aid to Greece, which enabled to avoid default in March, have certainly eased markets. However, many experts suppose that such tranquility is deceitful and global – situation in euro zone is getting worse despite the efforts of international credit organizations and European authorities.
Expressing experts’ opinion, senior economist of Citigroup Inc., former member of Monetary Policy Committee of the Bank of England, Willem Buiter in his interview to Bloomberg agency claimed, "European Central Bank has drowned markets and banks in liquidity. There is a common feeling, close to euphoria, в момент, when markets are drowning in liquidity, which makes us believe that all problems are gone." Considering the fact that Greek issue has not been fully resolved, Willem Buiter sees even more serious threats, particularly from Spain , which is "... the key country that I worry about most. It has moved in the wrong direction and is currently exposed to higher risk of restructuring sovereign debt than before."
At FOREX market EURUSD currency pair currently is in the process of rising the wave level of correction within h4 rising wave. Further motion will be stipulated by breaking or bouncing of AO Zotik index main line from the line of support/resistance at h4 timeframe. Earlier hint, according to the System of Early Prediction of Masterforex-V Trading Academy, may be given by termination of m15/m30 "С" within correction.
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Apparently, the global economy is currently having a hard time recovering and growing, especially amid global economic, political and financial instability coupled with crises and recessions. Daily stresses and risks, info wars, rules and regulations imposed by financial watchdogs and rating agencies…
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The dollar succumbed to a week by 0.97 % against the pound, finishing the exchanging session on Friday close to 1.6729. The dollar essentially debilitated against most monetary forms on Forex on the base of the negative state of mind towards them by business sector members because of arrival of a generally powerless financial investigates Friday, on the fourth of April. In the meantime, the development of the pound to the dollar is upheld by solid financial information discharged in the UK. Exchanging week finished on the 7-11 of April, and Forex brokers abridged their exercises.