Fri, 20 Apr 2012 02:15:00 +0400
Since next Friday till next Sunday the meeting of the heads of tax authorities from the countries of the "Big Twenty" will be held in Washington. Major issue to be discussed is the possibility to expand the resources of International Monetary Fund, the necessity of which was pronounced by IMF Managing Director Christine Lagarde on April 04, 2012 in her appeal to industrial countries. IMF empowerment is stipulated by the necessity to resist crisis developments, including the ones in eurozone.
In general, the participants of the forum have given the appeal preliminary support. "We have been promised to receive over 316 billion dollar. And I believe that the final sum will be even larger," said Christine Lagarde during her speech in Washington.
Not all participants, though, are easy to come to terms with. For example, Russia, China, and Brazil have agreed to donate funds, but only in exchange for additional votes in the framework of IMF. Canada has absolutely refused to take part in the rescue of Europe, explaining that European Union has enough means to settle crisis developments.
Technically, the actions of EURUSD currency pair at FOREX market may be called moderate content with news. The pair has not yet finished the rising correctional structure h1-h4, where wave "С" continues. According to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, points 1.3179 and 1.3270 are the targets of the uptrend.
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The first trading months of the new year is now over and its is time for Market Leader to interview Eugene Olkhovsky (Canada) regarding pro-rebate.com, which is his project dedicated to FX rebates and automatic trading services.
At the end of 2015, Masterforex-V Expo determined the industry’s best companies in 2015. The winners were determined according to open voting as well as over 20 other criteria. Both traders, investors and financial experts participated in the voting as well, including members of Masterforex-V Academy.
Every year, Masterforex-V Expo determines the world’s best Forex broker, which are FX companies offering the best products, services and solutions for profitable FX trading, according to professional traders and investors as well as independent financial experts.
They say that George Soros, the world-famous American billionaire, is waging war on the Chinese Yuan also known as the Renminbi. Well, this is more than a rumor, especially if to take into account the fact that the Chinese Department of Trade is reporting the same thing.
Today, oil prices have resumed the downtrend once again. This is happening amid the same excessive oversupply seen in the global market of crude oil. In particular ICE Brent futures went 15 down to $32,77/b in London after a stunning recovery seen over the past couple od trading days. At the same time, WTI futures went some 1,3% down to $31,87/b.
The U.S. Department of Labor has recently released a report, which says that the amount of jobless claims reached the 6-year high last week. In particular, the amount of jobless Americans applied for unemployment benefits increased by 10 thousand people up to 293 000 people for the first time in many years.
At the time when politicians are busy with economic sanctions and imposing trading embargoes, and officials argue about ways and methods of attracting investment and gaining international markets, leading ІТ enterprises are making certain steps forward, thus creating real perspectives for development in the nearest future. In his new-year greeting the Managing Partner of PrivateFX Group Roman Karaulov has admitted that the new business-structure, which has recently appeared at the market, offers its clients truly innovative approach to investment that opens unseen opportunities before all market participants.