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Saturday, 24 February 17:28 (GMT -05:00)



Foreign exchange market

Euro: Greece Still Cannot Do Without External Financial Support


The other day, Managing Director of the IMF Christine Lagarde made a report in Brussels. The key issues she touched upon included the prospects of the global economy and related things.
 

To be more specific, she says that the overall prospects of the global economic growth have improved but the uncertainty related to politics is still carrying some risk for the growth.

 

According to the research conducted by the International Monetary Fund, the global economy is expected to grow by 3,4% in 2017 as opposed to 3,15 seen in 2016.
 

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As for the factors contributing to this growth, Lagarde says this may become possible thanks to higher manufacturing activity as well as the benefits related to higher commodity prices for low-income countries.
 

 

The good news is, after 6 years of inconsistent growth with ups and downs, the global economy is finally starting to get stronger in terms of its pace of growth.  The thing is, the cycle seems to be promising more jobs, higher income, and prosperity in the near future.
 
At the same time, the Managing Director thinks that Greece has chosen the right track to success. First of all, this is all about the reforms the Greek government has been trying to implement so far. Still, she says that while there seems to be some progress in this field, a 3rd tranche form the trinity of lenders (including the IMF) isn’t something the IMF is ready to discuss yet.
 
In case you don’t know, Greece is reported to be busy distributing the funds allocated by the European Stabilization Mechanism. This is 86 billion euros, to be more exact. Germany always insisted on the IMF participating in the 3rd tranche since the IMF thinks that restructuring the Greek debt by the international lenders is a must for getting more financial support from the IMF in order to ensure the long-term financial stability of Greece.
 
In the meantime, the SRP (AO_Zotik and WPR_VSmark) Department of Masterforex-V Academy reports that EURUSD is currently indicating an increase in the wave level of the current price movement represented by a retracement inside a bearish ABC momentum of level H4. If the main line breaks the О_Zotik support/resistance line, the price will likely build wave C, with new targets around 1.0470 and 1.0341, the experts say.

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Bitcoin Exchange Rate Drops Below $9000

Earlier today, the BTC exchange rate continued its way down to new local lows. In particular, it temporarily dove below the psychological threshold of 9000 dollars per 1 BTC. According to Coinmarketcap, the current local low is 8720 USD/BTC.

Publication date: 02 February 03:41 AM

Skeptics Predict Bitcoin Crash

As the amount of Bitcoin users is growing like never before, the amount of Bitcoin skeptics is growing as well. They are warning us that Bitcoin is doomed to crash at some point in the future. There are respected investors among them, who think that the rapid growth of Bitcoin and other altcoins is dangerous to those investing in them.

Publication date: 26 January 03:51 AM

Muslims Are Forbidden to Trade and Mine Bitcoin

The Grand Mufti of Egypt Shawki Allam is reported to have issued the so-called fatwa (which means a ban on something) against cryptocurrencies. This means that Muslims can no longer trade or invest in Bitcoin or other cryptocurrencies. To be more specific, the Mufti thinks that trading cryptocurrencies is almost the same as gambling. Yet, gabling is strictly forbidden in Islam.

Publication date: 12 January 03:19 AM

Alpari’s Mobile App Gets Over 400K Users

Over the last few years, the amount of online traders using mobile apps has increased dramatically. The stats show that most of the time mobile forex traders choose mobile trading apps by Alpari, one of the biggest brokers in the international forex industry.


Publication date: 03 January 07:06 AM

Bitcoin Harms Natural Environment

 Today, only 1% of the global population is investing in cryptocurrencies.  However, mining those cryptocurrencies is something that all of us have to pay for. This is what Deutsche Welle thinks on the matter.

Publication date: 02 January 11:43 AM

Bitcoin May Trigger Another Major Financial Crisis

 Some experts say that Bitcoin and other cryptocurrencies may trigger another major financial crisis.

Publication date: 02 January 11:42 AM

Fort Financial Services ¬– World’s Best Forex Bonus Offer 2017

Masteforex-V Academy has recently announced the results of the annual contest named «World’s Best Forex Bonus Offer 2017». Fort Financial Services won the title as the forex broker occupying the first position in the corresponding rating by Masterforex-V Academy.

Publication date: 28 December 09:28 PM

Bitcoin Exchange Rate May Drop to Zero, Morgan Stanley Experts Say

Bitcoin may drop all the way down to zero dollars. This is what Morgan Stanley analysts led by James Faucette told Business Insider. Such a gloomy forecast for the world’s first and most expensive cryptocurrency to date showed up amid another major drop in its exchange rate. The thing is that Bitcoin dropped by 40% from 19K dollars all the way down to 11,8K dollars on December 22nd. 

Publication date: 26 December 12:21 PM

Bitcoin is Yet to Win Major Investors’ Trust

The first Bitcoin futures were finally launched in the USA. However, despite the fact that cryptocurrencies have already been recognized a part of the financial world, skeptics still don’t believe in them and anticipate a cryptocurrency market crash. 

Publication date: 25 December 05:49 AM

Alpari PAMM Service Gets Its Monthly Turnover Exceed $15 Billion

Most people prefer to keep their savings in a bank. They believe that despite those tiny interest rates they get paid, storing money in a bank account is way safer than anything else. The point is, we are talking about storing money while it’s wiser to invest money so that it could make even more money. For example, Europeans like to consider investing their money in various kinds of assets. They further spend their profits on some big purchases or education for their kids.

Publication date: 21 December 03:17 AM