Ivan Zhigalov
The US federal debt has just exceeded $15 trillion. The biggest holders of the US debt are the Fed Reserve and China.
When Barack Obama came to office, the federal debt was equal to $10.6 trillion and has been growing ever since. According to the US Department of the Treasury’s report, the current federal debt is 15 trillion 33 billion 607 million 255 thousand 920 dollars 32 cents, which is almost equal to the country’s GDP ($15.2 trillion).
Since August 2011 the joint (2-party) special committee has been working out an efficient plan of budget deficit reduction. The results will be published on November 23rd 2011.
In the meantime, EURUSD is probably forming a complex wave (wave B) against the preceding bearish wave of h1. According to the SRP Sub-department under the Department of Masterforex-V Trading System , after the upward pattern is over, the downtrend will probably be continued in the form of wave C of a bigger wave level. The levels 1.3397 and 1.3152 will turn into the closest targets.
To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.
Ivan Zhigalov
