Forex news, dollar rate. According to the head of FRS Ben Bernanke, US government is determined to protect the country’s economy from negative economic consequences in euro zone, even in spite of stabilization in Europe.
As stated by Bernanke, European crisis has negative influence on US economy. About 20% of US export is delivered to the countries of euro zone, but for last several years European demand for American goods has considerably dropped, which had further impact on demand from other countries. Besides, unstable situation in Europe has negative influence on global financial market.
Due to unstable situation in euro zone investments in risky assets are reduced worldwide, which leads to the lack of consumers’ trust to US economy.
The Chairman of FRS has also admitted that European politicians have done a lot to fight the debt crisis, but it is not over, and a lot is yet to be done.
Bernanke has assured that the Federal Reserve System keeps following the events in Europe, as well as cooperating with financial institutions of the region in order to provide more effective defense to its citizens, American enterprises, and financial institutions. The Federal Reserve System controls the potentially weaknesses of American financial institutions and takes measures to make them more resistant to negative news of world economy.
Speaking about the situation at forex market, according to the System of Early Prediction Sub-department of , prior to today’s European trading session at Forex market EURUSD currency pair is within mid-term rising trend; however, AO_Zotik index main line is set within the timeframe flat zone, following local bearish practices yesterday.
Descending to intra-session scale, one can see a clear set of downward waves "А" and "В" of m15 level, and it is notable that wave "В" is not over yet. As a result, according to the System of Early Prediction of Masterforex-V Trading Academy, all concerned will have to observe the sad picture of finishing correctional wave. It is evident that the possibility of transforming wave "В" into something different that bears bullish temper and impulse nature may not be excluded.
