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Thursday, 22 June 04:04 (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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World Blitz Chess Champion Becomes Alpari Forex’s First Client

For those of you who don’t know, Russia has finally started regulating financial markets, including over-the-counter markets, and Forex in particular. This means that the legislation regulating Forex brokers in Russia has now taken effect. The Russian central bank acts as the watchdog regulating those companies that offer FX trading services to retail and corporate clients in Russia.

Publication date: 12 June 08:29 AM

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

There is no denying the fact that any beginning trader should choose the right broker in the first place. The thing is, many traders who are still getting their feet wet in trading are convinced that all brokers are the same in essence. At first sight, it my really seem so but if you dive deeper into the matter you will find out that this is not really the case and brokers do differ from each other in a number of aspects. Sometimes, the difference is crucial for the trader’s success.

Publication date: 10 June 11:51 PM

Bitcoin Skyrocket to $3000

Yesterday, on June 6, the average weighted exchange rate of Bitcoin came close to another major threshold, which is $3000 per 1BTC. By the way, this is a new all-time high for the crypto currency.
 
Publication date: 07 June 01:16 AM

Forex Trust Management the Right Way – Balance Between Moderate Risk and High Profit

Trust management has been one of the most efficient ways to benefit from investing in Forex. According to the result of comprehensive research conducted by Alpari, potential profitability of investing in PAMM portfolios is way higher than the profitability offered by the most profitable market products. Actually it’s 2,3 times as high on average.  As for isolated PAMM accounts, sometimes they bring 18-19 times as much profit!
 
Publication date: 31 May 09:37 AM

Masterforex-V Academy Experts on Finding Forex Entry Points

Any professional Forex trader out there can tell you that finding the right entry point is only 50% of success. Apparently, nobody likes a drawdown after opening another trade. Today we are going to take a closer look at how professional traders from Masterforex-V Academy seek and find the right
 
Publication date: 31 May 08:31 AM

Swap Slavery: Which brokers rob those who trade GBP/USD?

It’s not a secret that GDP/USD is one of the most popular currency pairs today However, there is one but. While some traders do really succeed in making money while trading the British Pound against the U.S. Dollar, others have to put up with losses over time while trading the same currency pair. Yet, we are talking about the same trades made with different brokers.
 
Publication date: 31 May 02:44 AM

MT4-Based Binary Options Brokers

Today we are going to take a closer look at the most reliable and trusted brokers allowing you to trader binary options using the good old MetaTrader 4 or MT4 for short. Let’s first recap what is MT4 and why you should consider trading binary options this way.

Publication date: 29 May 10:47 AM

Russian Ruble May See Devaluation

According to Russia’s central bank, the real effective exchange rate of the Russian Ruble increased by 2,5% in April 2017 against March 2017. What is the long-term forecast and what are the chances of a weaker ruble in the near future? Market Leader will try to figure this out together with several experts.
 
Publication date: 25 May 09:04 AM

Ukraine Switches from Dollar to Euro

The so-called Euro integration now seems to be influencing Ukraine’s choice of the main reserve currency. According to several Ukrainian bankers, the amount of transactions denominated in the common European currency has nearly doubled recently. This means that the Ukrainians are gradually abandoning the U.S. Dollar in favor of the Euro.
 
Publication date: 18 May 09:54 AM

Euro. New Optimism

The 2017 GDP forecast for the European Union is reported to have been increased by the Euro Commission from 1,6% up to 1,7%. This means that the economic growth in 28 EU countries, according to the general estimate, is likely to reach 1,9%. The Euro Commission has reported about economic growth for the 5th year in a row. They expect the tendency to remain this and next year as well. The unemployment rate is expected to shrink all the way down to 9,4% this year.

 

 
Publication date: 17 May 07:04 AM