Thu, 12 Apr 2012 10:01:00 +0400
Spanish government is putting every effort to reduce expenditure budget, and it has been rather successful in doing so. To a great extent this is proved by preliminary results of European Commission about Spanish draft budget. The Commission has concluded that Madrid does not need help of Eurozone Stability Fund.
That is why when Italian Prime Minister Mario Monti claimed Madrid to be the source of new wave of European debt crisis, the head of Spanish government Mariano Rajoy strongly suggested choosing expressions when referring to his country. At the same time, he claimed about his hopes about European Union and ECB support in implementing reforms in Spain .
EURUSD currency pair continues wave "С" h1 up at FOREX market after its correctional wave level has risen. 1.3167-1.3181 range, according to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, may be regarded the target of the uptrend.
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According to the Bank of Japan, there is no point in easing the monetary policy at this point. The central bankers assume that the inflation rate is going to hit the target only in late 2016 – early 2017. Therefore, they say it is necessary to focus on the price trend.
According to the latest CBI report on the UK's retail sales, the mentioned retail sales are slowing down in November. The analysts assume that this is a temporary phenomenon as the forthcoming Christmas shopping fever is going to fix the problem thanks to multiple sellouts.
Not so long ago, London hosted another major finance summit named Finance Magnates Summit 2015. Within the scope of this even the hosts named the world’s best FX and binary options brokers. There were some 500 contestants in 8 nominations.