GBPUSD: British Pound Recovers Despite Lower Retail Sales
10 May 04:18 PM
April’s retail sales decline in the UK turned out to be the highest in 12 months. According to BRC report, British households tried to balance their budgets through spending cuts amid the economic recession in the UK. According to Steven Robertson, Director of the BRC, this was the major factor affecting the retail sales in April.
The retail sales declined by 3.3% against April 2011. This is the biggest decline since March 2011. In April 2011 the retail sales boosted by 5.2%.
In the meantime, the British Pound has started a mid-term rally against the US Dollar. According to Masterforex-V Academy experts, GBPUSD has finished forming wave А/В of wave level Н16. Ath tis point the price is forming an upswing – wave А/В; the closest levels of resistance are 1.6184/87, 1.6208/11, 1.6241/45 and 1.6197. The current rally will be completed as soon as the price breaks below 1.6091 (as shown below):
TeleTrade Awards First Winners of “School of Millionaires”
The First Season of the “School of Millionaires” online quiz finished on October 31, 2013; it has been organized by the largest international Forex broker company TeleTrade. According to the results of the season, held in tough and uncompromising struggle, the victory has been receives by a citizen of Novosibirsk Temir Curbonov, who he has received the main prize of 100 000 rubles from TeleTrade Group representatives in festive atmosphere in Moscow.
TeleTrade Names Winners of the 1st Season of “School of Millionaires”
Without ideals, in other words, without certain even small wish for the better, there can never appear good reality, as Fyodor Dostoevsky once wrote. We all strive for the better, but, unfortunately, not always reach it.
How to Create Good Reality
There is a thousand and one reason to this, and almost all of them are excuses for one’s reluctance, idleness, or fear of entering the new level of thinking, which will allow to reach better in financial aspect. And finance is known to rule the world, so by gaining financial independence a person gets good reality.
The pessimistic sentiment among British investors got stronger in November. This is indicated by the stats published by GfK. The Bank of England says the risks are growing for the British economic recovery.
The Japanese industrial sector saw higher business activity in November Analysts report that the growth was supported by higher domestic and external demand as well as the recent weakening of the Japanese Yen.
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According to the analysts of Masterforex-V Academy, the price move represented by wave a (C ) of level H6-H8 (the borders are 1,3398 - 1,3621) seems to be completed. The supposition is confirmed by a fractal-zigzag reversal (FZR) of level H1. The FZR took place at 1,3580 followed by a break of pivot 1 inside the last sub-wave at 1,3559.
These days, when economies are seeing economic slowdowns and the pace of inflation is getting higher, more people start thinking about the ways to gain extra income and to secure their savings from inflation. Unfortunately, this is true for all countries, whether it is the USA, Europe or Asia.
Surprises of KIEV FOREX EXPO 2013 to Forex Traders
At the end of this month the financial world of Ukraine will face one of the most significant events of the year – on November 29-30 the 7th International Exhibition of Stock Industry KIEV FOREX EXPO 2013 will be held in Kiev. Citizens and guests of Ukrainian capital will traditionally gather at “Rus” hotel. Entrance will be free of charge.
Million Into Skilled Hands 2 by Forex Trend. Contest Leaders Double Up
They say independence requires confidence while dependence requires hope. As a rule, successful people belong to the former while most of people unfortunately belong to the latter. Common people are constantly facing various obstacles and deterrents, including the dependency on the boss, constant income-related headaches, inflation, endless bills to be paid in time. Sometimes, bosses abuse their subordinates, forcing them to work overtime so as to not lose the promised premium or bounty.