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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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.