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.
You are free to discuss this article here: forum for traders and investors
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.