Forex news. Yesterday during the closed meeting of American senators from Republican Party the head of US Federal Reserve System Ben Bernanke distinctly claimed that the United States are not going to help European banks at the height of debt crisis. In this reference FRS is “studying” the course of events in Europe; it is aware of the fact that if new budget control system starts in the European Union, there may start a global collapse, which will not leave the USA aside.
At the same time as news from Bernanke Fitch rating agency was reported to have lowered the long-term issuer default rating of a number of large European banks, such as Rabobank Group, Banque Federative du Credit, Danske Bank, Credit Agricole, and OP Pohjola Group.
It is evident that such news will result in duration of bearish trends at currency and stock markets.
At FOREX market EURUSD currency pair keeps forming a falling wave "С" of h1 level, where correction is staring at the level of sub-waves. According to the specialists of the System of Early Prediction Sub-department under the Department of Masterforex-V Trading System , as soon as it is over the falling trend is likely to continue at least to the range of 1.2911-1.2896.
The System of Early Prediction Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or the direction of trend.
