The ban on “short” sales is prolonged by Italian and Spanish stock regulators till September 30, and by the French ones – till November 11.
This ban was introduced with the purpose of stabilization after strong fluctuations occurred at exchange trading marketplaces on August 10-11.
Banks’ stocks were mostly harmed during those days; in particular, the cost of French Societe Generale lowered by 15%, due to what the management of the bank initiated a special investigation.
“Short” sales are the uncovered sales, at which a broker flogs the shares than have been taken on credit with the purpose to buy out and return them afterwards. They allow earning at the falling market and may on condition of considerable volumes cause a stock market crash.
There now exists a long-term ban on such transactions in many other countries.
Forex news
EURUSD currency pair continues its intricate wave “В” of h1level at FOREX market. There currently exists a ТР (Turning Point) within m15 time frame; its development has already been started, which speaks about a possible start of sub-wave “с” within this correctional wave “В”. According to the specialists of the System of Early Prediction (SRP) Sub-department under the Department of Masterforex-V Trading System , points 1.4474 and 1.4565 will become the upward movement targets within this range.
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 .
