Tatsiana Ketrar
Forex news. Prior to economic forum in Davos International Monetary Fund Managing Director Christine Lagarde has visited Berlin. Economic commentators leave open the possibility that the purpose of the visit was to impose personal pressure on German Chancellor Angela Merkel, who by all means resists involvement of Germany in any stabilization funds.
Before leaving Christine Lagarde has given an interview to journalists in order to express her concern and views on actions that are to be taken in the nearest future. Speaking about “the weak points”, as supposed by IMF, Christine Lagarde claimed that “IMFwill lower growth forecasts for most parts of the world”, that “Eurozone is epicenter of the current crisis”, and that “the USA has to look at its deficit forecast, change its debt trajectory, and end this very sterilized debate about the debt ceiling”.
Concerning anti-crisis stabilization tasks, as IMF is supposed to create a “firewall” for all of its members, but not Eurozone solely, it currently needs to “raise its lending funds by about 500 billion dollars”. Christine Lagarde explained her view on the sources of additional financing was “IMF, being an international institution, will appeal to its members to make their contributions. European partners will also have to do more”.
At FOREX market EURUSD currency pair is forming wave "С" of h1 level as a part of working on ТР (Turning Point) of h4 level. According to the specialists of the System of Early Prediction Sub-department within Masterforex-V Trading Academy, the nearest target points are 1.3103 and 1.3238.
Tatsiana Ketrar
