Forex news
Yesterday was another day of the meeting of Greek president Karolos Papoulias with leaving the post of Prime Minister Georgios Papandreou and opposition leader Antonis Samaras. No result has been reached as a result of negotiations, and the creation of the new Cabinet has not been officially announced. The country, however, cannot life without government, and, according to Greek official media, the new meeting of old members will start today at 10 o’clock local time.
European Union is expecting for the new coalition government to come, as the sixth tranche of financial aid is still frozen. Average citizens of Greece, disappointed with lasting political affairs, are also looking forward to it.
Similar situation is observed in Italy. President Giorgio Napolitano claimed that Silvio Berlusconi will resign “one of these days”, and the law that includes a package of reforms will be approved in the nearest future. It is expected to happen this Saturday. “Either the new government is formed in the short time span… or the Parliament will be dissolved in order to start new election campaign,” claimed the President.
Giorgio Napolitano appointed the former European Commissioner Mario Monti a senator-for-life. This will enable the latter to perform the Prime Minister duties on a temporary basis.
EURUSD currency pair has started forming an intricate wave “C” of h1 level at FOREX market, following intricate correctional wave “B”. According to the specialists of the System of Early Prediction Sub-department under the Department of Masterforex-V Trading System , 1.3462 and 1.3217 will be the targets of the motion provided that there are no signals about the wave termination.
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.
