The boat of world economy keeps being rocked. Last Wednesday a rumour spread about highly possible crash of Societe Generale bank and about lowering the credit rating of France, which is said to be prepared.
Common European Currency has failed on the spot. Major stock exchanges of the European Union have not fallen behind with European currency, having lost from 3 to more than 6 percent of main indexes’ cost. Panic climate could not be calmed even by hasty claims from international rating agencies Standard & Poor's, Moody’s, and Fitch Ratings, which verified the higher credit rating of France with “stable” perspective.
The shares of a French bank Societe Generale have got cheaper by 22%. The management of the bank required the stock supervisory body to immediately conduct a special investigation concerning “the spread maleficent rumours”, claiming that the bank “has become the victim of lies, which is detrimental to its share-holders”. However, it is clear that this didn’t help.
There is an opinion that a new large-scale speculative game against European zone has started.
However, Wednesday did not end with this. US stock market, which traditionally is painfully prone to everything that refers to the bank sector, has also crashed from the mere idea of possible non-stability of American banks too. According to the results of the bids, all main indexes have lost more than 4%. This shows how strong the fears of negative perspectives of American economy are in the business world.
Forex news
EURUSD currency pair is within wave“С” of intricate correction of h1 level at FOREX market. As soon as it finishes, the start of upward wave “С” of h1 level within wave “С” of h4 level can be assumed.
In such a case, according to the specialists of the System of Early Prediction Sub-department under the Department of Masterforex-V trading system , 1.4496 mark will become the nearest mid-term aim.
The alteration of the situation and of the currently predicted direction of the movement change is traced by the signals of the SRP Sub-department under the Department of Masterforex-V trading system .
