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Monday, 27 February 10:48 (GMT -05:00)



Foreign exchange market

Forex GBP/USD: Record Low Budgetary Deficit in Great Britain Makes Dollar Weaker


“The Great Britain shows improvement in the sphere of finance,” says the official report. According to analysts, this improvement is connected exclusively with economical growth and realization of austerity programs.

 

Net borrowing of the budget without loans of national banks has amounted to 9.4 bln. pounds sterling in September. In comparison to September 2014, the result has dropped by 1.6 bln. From the point of view of current financial year, the budgetary deficit has amounted to 46.3 bln. pounds sterling, which is 7.5 bln. less than during the same period last financial year.

 

 

Experts of Masterforex-V Academy suppose that budgetary deficit in the Great Britain is reducing, first of all, due to economic growth, accompanied by record growth of tax revenues from business and citizens. In September the revenue side of the budget has amounted to 47.5 bln. pounds sterling, which is 3.9% more than one year ago. Such growth has been achieved owing to increase of incomings from profit tax by 4.1% (to 11.4 bln. pounds sterling) and corporate taxes by 12.7% (to 2.5 bln. pounds sterling).

 

 

At the same time, growth of expenses was 4 times smaller, namely 1%. Despite increase of expenses, austerity programs, held by the Head of UK Treasury Osborne, are realized. Reduction of a number of authorities is expected. The legislative body has also confirmed the Governmental Statute on Budgetary Responsibility, which aims to achieve budget surplus by 2020.

 

Meanwhile, pound sterling has entered correction to mid-term up-trend. "GBP/USD currency pair is forming up-wave A/B of not less than Daily level," say experts of Masterforex-V Trading System . On 22 October 2015 the pair has formed a rising subwave b(С). The current wave will be over when pivot MF 1.5201 and lines of rising sloping channel MF are broken. Breaking a local maximum 1.5508 will continue the current wave. Major resistance is provided by pivot MF 1.5656 and descending sloping channel MF.

 

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

 

Text: Eduard Culchenko, expert of Masterforex-V Trading System
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PrivateFX, Masterforex-V Academy and PRO-rebate Launch PAMM Trading Contest

The trading year started without any major events. There is nothing to be surprised about given the fact that financial markets are really afraid of unpredictable Donald Trump who has been making controversial statements and changing his mind from time to time, thereby triggering ups and downs in financial markets. These days, it’s rather difficult to predict the market and follow the trend even if you are an advanced trader with many years of expertise and excellent tools under your belt. The question is whether it’s really possible to benefit from Forex without being pegged to international events.

Publication date: 23 February 05:25 AM

Greek Economy Starts Growing

Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.

Publication date: 22 February 11:58 AM

Investors Recognize PrivateFX World’s Best PAMM Broker 2016

Investing in Forex is probably one of the most promising ways to make money in passive mode. If you are cooperating with a reliable broker, and your managing trader is interested in making money on mutually beneficial terms, often times you can get a weekly profit, which is going to be bigger than the interest rates paid you annually as a bank depositor. This holds especially true for PAMM investments, which are the best options to make money in financial markets in passive mode.

Publication date: 16 February 08:02 AM

Pro-rebate.com: 17-20% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders

In January 2017, those who invested in Masterforex-V Academy’s best traders by copying their trades in auto mode set a new record, pro-rebate.com experts report. To be more specific, the 60 best traders collectively made over 82000 points of profit. The top 10 traders made 8059 points pf the mentioned profit.
 
Publication date: 15 February 04:27 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Recovers By 1,25% More

The good times are going back. Over 2 trading weeks ended in early February, PrivateFX №1 recovered by 186,77 dollars or 1,25%. Could they have generated more money for their investors? Sure, but stability is the core value. For those of you who don’t know, PrivateFX №1 has been showing consistent profits for over 3 months in a row.

Publication date: 14 February 01:58 PM

Trading Signals by Dukascopy 14.02.2017

These are the Main Daily Trading Signals for Tuesday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar sees 5 neutral models in the short-term. The mid-term is split between red and neutral models, and the daily outlook turns red with 6 studies, but the interbank is neutral at less than 2% short, and it matches the 1-hour models.

Publication date: 14 February 08:04 AM

Trading Signals by Dukascopy 13.02.2017

It's time for this week's first Main Daily Trading Signals. Here's how the interbank compares with the technicals at 8 AM GMT.
First up is the Euro/Dollar with 4 neutral models in the short-term. The mid-term is split between red and neutral studies, and the daily outlook brings 6 sell prompts, but, in contrast, the interbank is neutral at less than 2% short.

Publication date: 13 February 09:07 AM

Trading Signals by Dukascopy 10.02.2017

You're watching the Main Daily Trading Signals for Friday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar has bearish models prevailing across the table, with 7 in the short-term and 6 in both the mid and long-term, but, in contrast, the interbank is neutral at less than 2% long.

Publication date: 10 February 08:07 AM

Trading Signals by Dukascopy 09.02.2017

These are the Main Daily Trading Signals for Thursday. Here's how the interbank lines up with the technicals at 8 AM GMT.
Bearish signals prevail on Euro/Dollar's hourly chart. The mid-term brings 4 neutral indicators, and the daily outlook is split between red and neutral models. Neutral at less than 6% long, the interbank matches the 4-hour studies.

Publication date: 09 February 10:22 AM

Binary Options. Their Advantages Over Forex

If you have been trying to get rich online, you have probably heard and even tried binary options. Still, most of those who tried binary options in the past, don’t actually understand what they really are and how to trade them properly for a living.
 

 

Experts say that binary options have a number of advantages over Forex or some other conventional financial markets. Binary options are an improved version of conventional assets like currency pairs traded by Forex traders.
Publication date: 06 February 06:53 AM