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Thursday, 17 August 13:22 (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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Dukascopy Bank on Bitcoin Future after Bitcoin Split

On August 1st, 2017, the entire world of cryptocurrencies changed. The thing is that from now on, there are 2 forks of the world’s first and most popular cryptocurrency, which also enjoys the biggest market capitalization among its peers. We are talking about Bitcoin (BTC) and Bitcoin Cash (BCC). The split was followed by increased market volatility for both currencies, which was mostly of technical nature caused by the circulation of Bitcoin Cash rather than the classic supply and demand, experts say.

Publication date: 15 August 09:11 AM

Masterforex-V VIP Traders’ Performance. July 2017

The unbeatable FX strategies mentioned in a brand new book on the secrets of Forex investing by Masterforex-V keep on making both traders and investors richer. By the way, the yield in this case is way bigger than the one you can get by investing in bank deposits or any related low-income investments. The very essence of this kind of investing makes it possible to avoid poor and hasty decisions, thereby leveraging the entire process. By the way, VIP accounts have been among the top 10 accounts available for auto-copying at pro-rebate.com.

Publication date: 09 August 05:33 AM

UK Ready to Pay 40 Billion Euro for Brexit

The international expert community along with mass media keep on trying to evaluate the cost of the Brexit for the United Kingdom. The most popular version is that quitting the European Union will cost Great Britain around 40 billion euros. In particular, this idea is advocated by Deutsche Welle.

 

 
At the same time, The Sunday Telegraph claims that the specifics of the financial compensation to Brussels will become the catalyst for the Brexit talks. While referring to the high-ranking sources in the British government, The Sunday Telegraph reports that the government is ready to pay the EU up to 36 billion pounds, which is around 40 billion euros. This is the sum is intended to cover the UK’s financial liabilities to Brussels.
Publication date: 08 August 09:29 AM

Masterforex-V Expo Names World’s Best Brokers for Beginners in July 2017

Along with required knowledge and skills, the broker makes up the lion’s share of the trader’s success in the Forex market. That’s why choosing the right broker right off the bat is so important.

 

At the same time, most of the traders joining Forex to start making money often lack the required experience to make the right choice. On top of that, most of them are convinced that all the brokers are the same, which is why they ignore the significance of making the right choice and make this choice randomly.
Publication date: 08 August 03:54 AM

Bitcoin Exceeds $3300 Threshold

Bitcoin, which is the world’s first and most popular crypto-currency, started another strong rally a few days after it was split into 2 versions. According to Coindesk, the classic version of Bitcoin exceeded the $3300 threshold and set another all-time high at $3319. The thing is that the market capitalization of Bitcoin has been growing continuously ever since the mentioned split.

 

 
Publication date: 06 August 11:48 AM

Continuous Rally Shown By Crypto Currencies As Investment Opportunities

The phenomenal growth seen in crypto currency markets has become one of the leading tendencies of the year. Some of the crypto currencies have seen their value grow by 100%, 200% and even more. As for Bitcoin, which is the world’s first and most popular crypto currency, back in January 2017, it cost $1000 while in early July it cost over $2600.

Publication date: 29 July 01:00 AM

Alpari Increases Trading Turnover Up To $600,9 Billion In 6 Months

The international FX industry has recently been involved in a number of scandals. Against this background, we can only name a few companies with positive dynamics, efficient market products, and major license.

Publication date: 27 July 01:18 AM

Another Bitcoin Fraud Is Caught

Crypto currencies are controversial. On the on hand they give investors a decent investment opportunity. On the other hand, the may be way too risky. Often times, those are both market and even non-market risks, including fraud.

 

 
In some of the previous articles, we recommended you to start with a sound financial strategy and risk management before you invest even a penny in crypto currencies. We are not trying to say that those are bad investments. They can make you money if you really know what you are doing. However, you should be really careful about it since the advantages of decentralized and anonymous currencies may turn into disadvantages and loses for your wallet.
Publication date: 23 July 12:25 PM

Will European Parliament Help IronFX Victims?

Europe’s leading financial regulators have recently been founding them involved in various scandals. TheFinancial Conduct Authority (FCA) from the UK and the CySEC from Cyprus are some of them. The truth is, while those companies claim that they defend the customer’ rights, in reality they often take the broker’s side even though the broker may be playing dirty tricks on the customer.
Publication date: 20 July 03:19 AM

In June 2017, Masterforex-V Investors Made Money Again

The unbeatable FX strategies mentioned in a brand new book on the secrets of Forex investing by Masterforex-V keep on making both traders and investors richer. By the way, the yield in this case is way bigger than the one you can get by investing in bank deposits or any related low-income investments. The very essence of this kind of investing makes it possible to avoid poor and hasty decisions, thereby leveraging the entire process. By the way, VIP accounts have been among the top 10 accounts available for auto-copying at pro-rebate.com.

Publication date: 13 July 09:38 AM