Tue, 01 May 2012 20:09:00 +0400
Forex news, EURUSD. International Labour Organization (ILO) expresses concern about alarming situation at labour market of Eurozone and predicts slowdown of economic growth in the region if hard austerity continues. According to ILO, such policy has negative influence on new jobs dynamics, especially in the countries with advanced economy.
ILO report says that policy, narrowly directed at the economy of money means, makes the crisis at labour market stronger and may lead to another wave of recession in eurozone. On the other hand, according to information from ILO, stabilization of labour market happens quicker at developing markets, and it has already passed pre-crisis results.
ILO Analytics Team is currently concerned about labour market in many countries with advanced economy. According to it, during the nearest years European economy is highly unlikely to show growth, whose pace will be enough to compensate the current deficit of jobs and provide over 80 mln. people with jobs, as they will become unemployed during this period.
As explained by Commodity Trading Department of Masterforex-V Academy, euro future is traded at lowered volumes between the levels of support and resistance 1.3250-1.3300. In this reference, two stop-volumes in a row signal about harder upward trend, and resistance may be tested if the power of demand gets higher; otherwise, EURUSD will continue the flat-type trend within the stated margins.
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All those black Mondays, Tuesdays, Wednesdays, Thursdays and Fridays keep on haunting FX traders these days. It’s been around 6 months since the SNB unpegged the Swiss Franc, thereby triggering force-majeure in the Forex industry. Greece has been causing stress to FX traders as well.
On August 24th, we could see another case of abnormal market volatility. Major stock indexes crashed, currencies went wild. Was this another stress test for FX traders and even brokers? This is the question we asked the Forex-Market company.
These days, more and more traders prefer automated trading to manual one. In other words, they outsource the trading process to trading robots. They say that the biggest advantage of using trading robots (also known as expert advisors) is the absence of emotions all human traders are subject to. Indeed, emotions in trading lead to poor results more often than not.
As you probably know, Forex is the worlds’ biggest financial market. Therefore, the money is more then enough for the average trader to get rich. On top of that, immense financial flows (several trillion dollars a day) stimulate innovation in trading, which leads us to believe that contemporary FX brokers create a more favorable environment for retail traders to make money consistently.
Without any doubt, these are hard times for the entire global trading and investment community. As the financial and economic uncertainty keeps building up, financial markets go volatile and and uncertain as well. Under such circumstances, Forex traders are forced to seek truly reliable FX brokers, especially after several big-scale FX brokers went bankrupt following the SNB’s decision to unpeg the Swiss Franc from the Euro earlier this year.