GBPUSD: UK Finance Minister Makes Economic Forecast
22 March 07:37 AM
According to George Osborne’s speech made in the British parliament yesterday, the UK GDP will increase by 0/8% in 2012. The rate of inflation will reach 2.8% in late 2012.
He says the UK government the budget deficit to decline down to 7.6% of GDP by 2013. The current deficit is equal to 11%.
It should be noted that on March 14th 2012 Fitch Ratings confirmed Great Britain’s AAA rating, which is the highest ultimate one. The major reason is the government’s major breakthrough in budget reducing the country’s deficit. However, the forecast was changed to negative because the UK authorities don’t have enough funds to neutralize possible economic shocks.
According to the Department of Market Volume Analysis of Masterforex-V Academy, the price of the GBPUSD futures contract is fluctuating with a price range after testing 1,5887 (1,5896 Forex). If the price does succeed in overcoming the level of resistance, it will get a chance to rally up to 1,5900 (1,5909 FX), 1,5950 (1,5959 FX). The closest major level of support is 1,5840 (1,5849 FX). If the bears succeed to break below it, there may well be a trend reversal with targets around 1,5821 (1,5830 FX), 1,5800 (1,5809 FX), 1,5750 (1,5759 FX) and 1,5716 (1,5725 FX).
TeleTrade Awards First Winners of “School of Millionaires”
The First Season of the “School of Millionaires” online quiz finished on October 31, 2013; it has been organized by the largest international Forex broker company TeleTrade. According to the results of the season, held in tough and uncompromising struggle, the victory has been receives by a citizen of Novosibirsk Temir Curbonov, who he has received the main prize of 100 000 rubles from TeleTrade Group representatives in festive atmosphere in Moscow.
TeleTrade Names Winners of the 1st Season of “School of Millionaires”
Without ideals, in other words, without certain even small wish for the better, there can never appear good reality, as Fyodor Dostoevsky once wrote. We all strive for the better, but, unfortunately, not always reach it.
How to Create Good Reality
There is a thousand and one reason to this, and almost all of them are excuses for one’s reluctance, idleness, or fear of entering the new level of thinking, which will allow to reach better in financial aspect. And finance is known to rule the world, so by gaining financial independence a person gets good reality.
The pessimistic sentiment among British investors got stronger in November. This is indicated by the stats published by GfK. The Bank of England says the risks are growing for the British economic recovery.
The Japanese industrial sector saw higher business activity in November Analysts report that the growth was supported by higher domestic and external demand as well as the recent weakening of the Japanese Yen.
Contextual or targeted advertising is one of the best ways to promote web sites. Wikipedia says that «Contextual advertising is a form of targeted advertising for advertisements appearing on websites or other media, such as content displayed in mobile browsers. The advertisements themselves are selected and served by automated systems based on the content displayed to the user.»
According to the analysts of Masterforex-V Academy, the price move represented by wave a (C ) of level H6-H8 (the borders are 1,3398 - 1,3621) seems to be completed. The supposition is confirmed by a fractal-zigzag reversal (FZR) of level H1. The FZR took place at 1,3580 followed by a break of pivot 1 inside the last sub-wave at 1,3559.
These days, when economies are seeing economic slowdowns and the pace of inflation is getting higher, more people start thinking about the ways to gain extra income and to secure their savings from inflation. Unfortunately, this is true for all countries, whether it is the USA, Europe or Asia.
Surprises of KIEV FOREX EXPO 2013 to Forex Traders
At the end of this month the financial world of Ukraine will face one of the most significant events of the year – on November 29-30 the 7th International Exhibition of Stock Industry KIEV FOREX EXPO 2013 will be held in Kiev. Citizens and guests of Ukrainian capital will traditionally gather at “Rus” hotel. Entrance will be free of charge.
Million Into Skilled Hands 2 by Forex Trend. Contest Leaders Double Up
They say independence requires confidence while dependence requires hope. As a rule, successful people belong to the former while most of people unfortunately belong to the latter. Common people are constantly facing various obstacles and deterrents, including the dependency on the boss, constant income-related headaches, inflation, endless bills to be paid in time. Sometimes, bosses abuse their subordinates, forcing them to work overtime so as to not lose the promised premium or bounty.