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Foreign exchange market 
USDJPY Outlook
EURUSD: Intraday Outlook
Experts: EURUSD Will Drop Down To 1,15
Japanese Yen: Market Outlook
Trichet: Situation In Eurozone Gets Worse
Larson and Holtz: How to Trade with Zero Spreads?
USDJPY Outlook
EURUSD: Intraday Outlook
Experts: EURUSD Will Drop Down To 1,15
Japanese Yen: Market Outlook
Trichet: Situation In Eurozone Gets Worse
Larson and Holtz: How to Trade with Zero Spreads?
Stock and commodities markets
Asian-Pacific Indices Go Red
European Stock Indices Go Red On Poor Reports
Brent Comes Close To $105/b.
Investors Should Get Ready For Further Monetary Stimuli
European Stock Indices Break Records
Asian-Pacific Stock Indices Close Bullish
Asian-Pacific Indices Go Red
European Stock Indices Go Red On Poor Reports
Brent Comes Close To $105/b.
Investors Should Get Ready For Further Monetary Stimuli
European Stock Indices Break Records
Asian-Pacific Stock Indices Close Bullish
Business And Politics News
FBS: FX Bazooka – Analytical Portal of New Generation
Schools of Managers: Why Brokers Need Successful Managing Traders
The Washington Post On European Crisis and Euro
Trust In EU Declines. Will Euro Collapse?
ForexContest 2013 – New Contest, New Opportunities
Tusar Forex: Open an Account and Get 8 Dollars!
FBS: FX Bazooka – Analytical Portal of New Generation
Schools of Managers: Why Brokers Need Successful Managing Traders
The Washington Post On European Crisis and Euro
Trust In EU Declines. Will Euro Collapse?
ForexContest 2013 – New Contest, New Opportunities
Tusar Forex: Open an Account and Get 8 Dollars!
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Business And Politics News
FATCA: USA Becomes World’s Tax Center In 2013
18 September 05:49 PM
Everybody knows that the USA is the financial center of the world while its dollar is the world’s major currency. However, few of us know that the Foreign Account Tax Compliance Act (FATCA) will take effect on January 1st 2013. Since then, any financial organization around the globe (banks, hedge funds, insurance companies etc) that has any financial relations with US companies will have to send an annual report to the Internal Revenue Service (IRS), the U.S. government agency responsible for tax collection and tax law enforcement.
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert from Canada, the first attempt to eliminate the “bank secrecy” was successful. As a result, Swiss banks cannot withhold the data about their clients any more.
Foreign Account Tax Compliance Act
The Internal Revenue Service’s official website goes:
“The Foreign Account Tax Compliance Act (FATCA) is an important development in U.S. efforts to improve tax compliance involving foreign financial assets and offshore accounts.
Under FATCA, U.S. taxpayers with specified foreign financial assets that exceed certain thresholds must report those assets to the IRS. This reporting will be made on Form 8938, which taxpayers attach to their federal income tax return, starting this tax filing season.
In addition, FATCA will require foreign financial institutions to report directly to the IRS information about financial accounts held by U.S. taxpayers, or held by foreign entities in which U.S. taxpayers hold a substantial ownership interest.”
Expert Opinion: FATCA. Possible Consequences.
According to Masterforex-V Academy, the FATCA divides all the financial institutions in the world into 2 group: those banks that will cooperate with the IRS and those that won’t. Obviously, the news shocked the entire financial world.
The FATCA jeopardizes the age-old financial systems in many “offshore” countries around the globe. It is not a secret that such countries as Switzerland, Cyprus , the Cayman Islands, the Isle of Man and many others feed mainly off their banking sectors.
For China and some other major economies, it will be humiliating to obey the orders of the USA. Moreover, the new regulation contradicts the legislation of numerous countries around the globe, including Russia. Yet, no country is probably going to willingly adapt its legislation to the USA’s demands.
USA Makes Concessions
Shortly after, Washington understood that they had gone beyond the mark with the initial edition of the FATCA. So, the US Department of the Treasury together with the IRS published a document containing preliminary recommendations and explanations (which were sort of amendments).
In particular, they extended the initial stage of concessions. Moreover, they slightly changed the procedure of complex expertise and specified the notion of a financial report. There were some other changes, which eventually helped the USA to promote the new law.
Possible Consequences
Despite overall discontent, the rest of the world hasn’t formed a clear attitude towards the FATCA. On February 8th 2012, numerous European countries (including Italy, Germany, Spain , France and Great Britain) agreed to follow the FATCA. At the same time, other countries keep pondering on whether to join the company.
The FATCA issue was on the agenda of the G20 summit in Mexico (Feb 2012) and the BRICS summit in Washington (April 2012). Obviously, there will be no global resistance against the FATCA.
While many Americans with businesses abroad are about to deny their US citizenship, many foreign banks in Europe and emerging markets are looking forward to cooperate with those entrepreneurs.
According to Masterforex-V Academy, the FATCA may favor the strengthening of the US Dollar against the Euro and other currencies.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of the USD index.
You are free to discuss this article here: forum for traders and investors
FBS: FX Bazooka – Analytical Portal of New Generation
As the Internet is brimming with financial information, it is generally hard for a trader to focus on its continuous stream. Many get lost in the abundance of offered possibilities and often make mistakes. It is a paradox, though truth, that the greater amount of information provokes hasty actions.
Publication date: 21 May 01:59 AM
Schools of Managers: Why Brokers Need Successful Managing Traders
These days many traders show rather average results at forex market. According to statistical data, only 5% reach real success, thus gaining regular profit. How are these 5% different from others?
First of all, they have the skill of taking wise trading decisions, based not on emotions, but on thorough analysis of all nuances, as well as all technical and fundamental results for present and future perspective. They are also characterized by systems of effective money and risk management, skill of waiting or acting when such is required by trading system.
Publication date: 20 May 10:21 AM
The Washington Post On European Crisis and Euro
Over the last few years, the word collocation “European crisis” has turned into a set expression. It’s been almost 5 years since it began. Europe seems to have suffered most of all form the global crisis. 2 years ago a new wave of crisis broke out, thereby turning into a severe debt and banking crisis in the EU and the eurozone.
Good news are scanty while bad news keep coming from Europe almost every day. Yet, the world cannot ignore it because Europe accounts for nearly 20% of the entire global economy. Even though everyone seems to get used to unexpected (sometimes shocking) and controversial news from the area, they are still worried about the destiny of the Old World? A complete downfall or a renaissance?
Publication date: 13 May 12:48 PM
Trust In EU Declines. Will Euro Collapse?
The latest opinion polls conducted in the EU show that more and more European citizens show distrust in the EU and the eurozone. The biggest decline was seen in the EU’s 6 biggest countries. In particular, in Spain , the distrust increased up to 72%. For comparison sake, it used to be just 23% 5 years ago.
Publication date: 02 May 11:43 AM
ForexContest 2013 – New Contest, New Opportunities
The purpose of fighting is to win, as the well-known saying goes. At Forex market traders, no matter whether they want it or not, have to fight not only for profits, but also... between themselves. In order to succeed, one has to manage his emotions, resisting panic, act on the basis of competent full-scale analysis of current and perspective situations, know and understand own trading strategies, based on numerous technical and fundamental components.
Publication date: 26 April 09:49 AM
Tusar Forex: Open an Account and Get 8 Dollars!
Today anyone may earn money at international currency market Forex, provided that a trader has the necessary knowledge and, what is more important, has good understanding it. As far as this financial market is the largest according to daily money turnover (several trillion dollars), as well as one of the most progressive ones (there regularly appear innovative technologies), opportunities of successful work at it are available even for people that do not possess a considerable capital.
Publication date: 18 April 10:22 AM
USA vs China: Can H7N9 Virus Be Biosychological Weapon?
China is reporting about another epidemic of the so-called bird flu (also known as virus H7N9). It has already suspended the domestic poultry trade. Numerous markets are closed in Shanghai, Beijing and other big cities. Chinese bloggers keep posting shocking footage showing dead birds.
At the same time, top-ranking Chinese military officials put the blame on the USA. They say this is some kind of a secret biotechnological weapon developed and used by the Americans.
Russia takes urgent steps to prevent the epidemic from spreading over its territory. Russia’s chief medical officer urges people to abstain from visiting the neighboring Asian country. There are temporary limitations for those who arrive from China. Russia may eventually close the border with China until the situation stabilizes.
At the same time, top-ranking Chinese military officials put the blame on the USA. They say this is some kind of a secret biotechnological weapon developed and used by the Americans.
Russia takes urgent steps to prevent the epidemic from spreading over its territory. Russia’s chief medical officer urges people to abstain from visiting the neighboring Asian country. There are temporary limitations for those who arrive from China. Russia may eventually close the border with China until the situation stabilizes.
What is really happening in China? How dangerous is the current epidemic? Can the USA be involved?
Let’s try to answer these questions together…
Let’s try to answer these questions together…
Publication date: 17 April 07:08 AM
Will Global Shale Boom Affect Russia’s Oil Industry By Dropping Oil Prices?
The USA seems to threatening Russia not only with a shale revolution but also with a shale war. The North-American shale boom seen in the region over the last few years, has been treated as the end of Russia’s oil and gas industry. Everything started from shale gas, which allowed the USA to turn from an NG importer into a net exporter of this energy carrier.
Yet, US officials do not conceal the fact that they are going to use this trump card to free Europe from the dependence on Russian energy carriers. Now American observers and analysts are discussing the gloomy prospects of Russia’s export of energy carriers caused mainly by the shale boom in the USA and worldwide.
What is really happening inside the US shale industry? Is Russia’s export of energy carriers to Europe doomed? Let’s have a closer look at the situation.
Publication date: 16 April 02:58 PM
Forbes On Putin’s External Policy
Western mass media are actively discussing Russia’s external policies. There is a lot of information published on this topic recently. There are countless articles devoted to Putin and Russia.
If to try to sum up all the information on this topic, it turns out that there are 2 groups with different attitude towards Russia’s external policies.
If to try to sum up all the information on this topic, it turns out that there are 2 groups with different attitude towards Russia’s external policies.
The bigger group thinks that Russia’s external policies are unpredictable and may be dangerous to the West. Therefore, they urge Western politician to exert pressure on Moscow in effort to restrict its tough external policies.
The minor group views Russia as a potential partner, thereby calling its external policy rational and pragmatic.
The confrontation between the 2 groups can be considered on the example of an article written by Mark Adomanis and published by Forbes. It is called Is Vladimir Putin's Foreign Policy Unpopular? Not So Much.
Publication date: 16 April 11:07 AM
What Stands behind Zbigniew Brzezinski’s Idea to Unite the West and Russia?
These days it is difficult to surprise people. However, there are exceptions. In particular, Zbigniew Brzezinski, a Polish American political scientist, geostrategist and statesman, managed to surprise us.
Some 15 years ago, he used to diminish Russia’s role in the international arena, thereby calling it a defeated opponent of the West. This is not a long time in historical terms. However, Mr. Brzezinski seems to have changed his mind and attitude towards Russia and its geopolitical and economic role in the world.
In his recent book called “Strategic Vision: America and the Crisis of Global Power” (2012), Zbigniew Brzezinski ponders upon the ways of uniting Russia and the West. Moreover, he tries to prove the inevitability of this process. He assumes that the world’s center of gravity is shifting “from the West to the East.” Therefore, the West will have to unite with Russia in order to avoid global isolation.
The West may well avoid the destiny of the frontrunner. However, it is necessary to work out a new strategy. The new strategy should imply the plan aimed at integrating Russia and Turkey into the international system of the West. This sounds strange if to consider the fact that this was told by a Russophobe and a Pole. This looks like a major change in his views. What are the real reasons behind his sudden love for Russia?
Publication date: 15 April 07:03 PM