Experts: Eurozone Collapse May Result In Financial “End Of the World”
06 August 08:06 AM
As global markets are in panic over the destiny of the eurozone, which is escalated by mass media, more investors wonder what is really happening and how real those doomsday scenarios are.
Eurozone Integrity – Europe’s Primary Goal
Lots of experts have provided multiple scenarios for the eurozone crisis over the recent months. Mario Draghi seems to have calmed investors down a bit by saying that the ECB and the EU are determined to do their best to safe the common Euro currency and to preserve the integrity of the eurozone, up to financial injections running into billions as well as currency interventions.
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert, analysts and economist are divided over the destiny of the eurozone.
In particular, Mario Draghi, President of the CB says he sees light at the end of the tunnel of the eurozone crisis.
At the same time, Robert Zoellick, President of the World Bank, warns that quantitative easing won’t help the eurozone to solve its financial problems, this is a temporary solution but it won’t help the currency union to resolve the fundamental problems that have caused the crisis.
Jean-Claude Juncker, President of the Euro Group, confirmed the info that the EU and the ECB are getting ready for a joint intervention in the currency market. Meanwhile, the central banks of eurozone members are now studying the chances of carrying extra losses if the Greek debt is liquidated.
Jim O'Neill, Chairman of Goldman Sachs Asset Management, assumes that Spain may become the locomotive of a eurozone collapse.
The IMF called for creating a financial and banking union within the eurozone, thus saying that the crisis has reached its climax.
The coalition government of Greece strives to receive a bridge loan in order to settle the budget deficit issue and to cut the public spending by 11.7 bn euro in order to calm down international lenders.
According to Roboforex, the ECB will work out a mechanism for a direct intervention in the market of bonds.
Experts: Further Decline Of Euro - Financial “End Of the World”
More and more experts start saying that the financial “end of the world” is near.
According to Masterforex-V Academy, the current stereotype is that the bearish direction is the major one for all markets, especially for stock markets. However, December 2012 may well become some kind of a “pivot point” when the stereotype will be broken. In this case, traders and investors will have to reconsider their approach towards capital markets as the conventional ways of analyzing and trading those markets will most likely become inefficient.
The SRP Department of Masterforex-V Academy, managed to calculate that the time of the probable financial apocalypse, which (if any) will match the popular doomsday scenario for late December 2012.
Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
In your opinion, what will happen to the eurozone and its currency in the near future?
These days, anyone can make money trading Forex and other financial markets. The opportunities are almost endless. Still most traders still lose in the long run. While some lack experience and skills, others fall prey to emotions or fail to stick to sound money management. There are many reasons for losses. Few people actually make money in the long run because they treat trading seriously like a full-time job and work hard to achieve their goals. They use technical and fundamental analyses and strictly observe money management rules. They use various tricks and techniques to put the odds in their favor.
Apparently, beginners have difficulty trading financial markets without knowledge, skills and experience. Becoming a professional trader requires diligence, patience and time.
However, today’s Forex industry offers riskless moneymaking opportunities, which require no trading skills. You can make money without trading Forex. One of such opportunities is offered by FBS, a major Forex broker. The broker claims to offer “The most profitable and efficient IB Program on Forex”…
Yesterday, on May 21st, was a notable day for the eurozone. The Euro Parliament approved the Euro Group’s idea to use major deposits over €100 000 in emergency situations to save a risky bank. Deposits under €100 000 are ensured by the compensation scheme.
Most beginning traders are sure that it is possible to trade Forex profitably and easily. They usually assume that perfunctory knowledge is enough to make money in financial markets in general and Forex in particular. Alas, they are wrong. Obviously, it is possible to trade Forex profitable. However, it cannot be done without specific knowledge, skills and experience.
This delusion is the main reason why they lose in the long run. As a result, most of those losing beginners get disappointed at Forex and abandon the idea of becoming a winning trader forever. Some of them even start call it a scam or fraud. Some of them put the blame on brokers while others refer to bad luck.
Essentially, Forex has nothing to do with scams. Apparently, you may come across some dirty broking companies but that has nothing to do with Forex itself. Besides, such scammers can easily be avoided by following a few simple rules. However, this is another story (Masterforex-V Academy told us many times how to choose a reliable broker).
Today, on May 20th, Forex started a new trading week. There have been no radical changes in the market of EURUSD so far. The previous bearish move was elongated by some 200 points. The price keeps developing the ABC pattern of wave level Daily. The move hasn’t reached any of the given targets so far.
It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.
Yesterday, on May 15th 2013, Eurostat published a eurozone GDP report, which reflects the economic dynamics in al the 17 countries. The figures turned out to be much worse than expected. In Q1 2013, the aggregate GDP dropped by 0,2% as compared to the previous quarter. At the same time, tere was a 1% decline year-over-year.