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.
You are free to discuss this article here: forum for traders and investors
According to the results of the recent trading contest conducted by pro-rebare.com during the period of September 1st through 30th, Masterforex-V Club investors chosen 5 new managing traders and decided trust them with newly-opened investment accounts in order to manage those funds. Let’s take a closer look at those guys.
The Eurozone is reported to have imposed 6-month duties on the import of steel products from China. This way the local authorities are trying to defend the Eurozone’s steel industry, which is currently suffering from overproduction.