As it was informed by "Market Leader (US)"
On Dec 22nd at 9.30GMT Current Account data was published for the 3rd quarter of 2010.
The index value for the 2nd quarter is -£7.4B while the forecast for the 3rd quarter is -£7.5B.
Current Account is a part of the country’s trade balance, including the income from the exports/imports of products, services, investments and capital flow. The 2 latter positions are paid special attention to.
As reported by «Market Leader» (US)
As it was informed by "Market Leader (US)"
The Euro is trading today in the range of 1.3130-1.3180.
Investors are gradually preparing for Christmas and the calm is coming to markets. No sharp moves were seen early during the trading day on Monday with the dollar stabilizing across the entire spectrum of the market. The Euro remains under pressure because EU countries leaders failed to adopt any fundamental measures last week.
As reported by «Market Leader» (US)
Can one make money in the forex? What is the difference between the forex and gambling: casino, slot machines or thimblerig? It is this kind of an attitude to the foreign exchange market, its likening to a type of gambling that starts showing itself in analytical news overviews in a number of media. What indeed is forex for Russians and residents of the world’s other countries?
Is there any difference between forex and gambling (casino, slot machines, thimblerig etc)?
As reported by «Market Leader» (US)
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
As reported by «Market Leader» (US)
As it was informed by "Market Leader (US)"
People’s Republic of China is a powerful agrarian and industrial country that develops such traditional sectors of industry as textiles, coalmining, ferrous metallurgy, phosphorus and faience production and has created new sectors such as oil refining, gas, chemical, aviation, space, electronic, machine building, instrument-making. China holds a leading position in the world in terms of coal production, manufacture of cement, mineral fertilizers, steel, power. It has developed modern means of transport. Major seaports include Shanghai, Tianjin with Xingang, Dalian, Guangzhou with Huangpu, Zhanjiang, Qinhuangdao, Qingdao. The country has about 500 domestic and 60 international airlines.
As reported by «Market Leader» (US)
As reported by «Market Leader» (US)
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
As reported by «Market Leader» (US)
As reported by «Market Leader» (US)
As reported by «Market Leader» (US)
As it was informed by "Market Leader (US)"
As it was informed by "Market Leader (US)"
Last week was marked by the scheduled meeting of the US Fed. Its outcome was expected with some degree of unease. The tension was caused by uncertainty over parameters of the notorious ‘quantitative easing’ for the near term. US economy’s fate depended on the Fed's decision to a large degree – whether it is in for another cycle of crisis or it can be safely evaded and, as a result, how the dollar dynamics will evolve and export and import flows further develop.
It turns out the concerns were unnecessary – it all finished as usual, in a commonplace manner – they decided to turn on the money press and print as many billions as they need to save the American economy another time. Of course, the US government has a wealth of experience of ‘color print’ but the current situation is delicate in the way that such measures are usually taken in a critical position though it isn’t that extreme now.
As reported by «Market Leader» (US)
As reported by «Market Leader» (US)
Recently the financial world has been demonstrating quite a bad tendency – the world’s major currency, the US dollar, is being ‘capricious’. Its behavior is increasingly unpredictable. The instability of the American dollar (which is now rapidly depreciating against other global currencies) is not based on objective reasons alone. According to some experts, such ‘whims’ are caused to some degree by the US Government’s manipulations with the dollar. Despite its statements that it will not be involved in possible currency wars it in fact drastically responds to some countries’ willingness to depreciate their own currencies. This situation might change after the US Fed publishes exact data on quantitative mitigation which can be carried out in terms of volumes and terms in a few stages which the Fed can modify at each step of the program depending on the then current situation in domestic and foreign markets.
As it was informed by "Market Leader (US)"
People have already started to gradually forget about the crisis.
US banks are showing stability, the rivalry is getting weaker. However, according to the reports of some broking agencies, the situation is not as favorable as it seems to be. All that semblance of stability is made at the expense of the funds allocated for bad debts. The Wall Street is still working professionally, however it cannot influence all the changes. There are even suppositions: “The things, which are bad for the Wall Street, are good for the entire economy”. The US has created a “soap bubble of prosperity” while the Wall Street has to pay for it.As it was informed by "Market Leader (US)"
In October one of the British citizens was lucky enough to win the “Euro million” lottery jackpot to the sum of 129 million euro. Now he is able to solve all his financial problems, which cannot be said about Great Britain as a whole.
The British government can only boast its 2nd strategic overview. The authors had a difficult task – to formulate the country’s development strategy while the government is trying to reduce the budget deficit.
The 3 main parts of the document explain the place of GB in the modern world and the most “harmonious” ways of surviving crises. The existing threats to the national security are also mentioned there.
As reported by «Market Leader» (US)
Over the last few days the common European currency has made a consolidation effort, updating the local high at 1.4010. Today’s trading session may indicate whether the indefinite movement will turn into a flattish pattern within the 1.3878 – 1.3920 range or EURUSD will manage to conquer new heights, forming a solid bullish impulse.
This week’s market movements can be influenced by FOMC meeting minutes, which are to be released on Nov 3rd at 19.15GMT.
Yesterday the Greeks were celebrating the 2500th anniversary of the Battle of Marathon.
The Ministry of Foreign Affairs of Georgia and the European Union’s Foreign Affairs Council commenced official negotiations on preparation for the issue of Georgia gaining EU associate membership. This effort is made within the Eastern Partnership initiative – a special project intended to bring the European Union and six post-soviet states closer (such as Ukraine, Belarus, Moldova, Armenia, Azerbaijan and Georgia).
After the publication of the article “How much more expensive sugar is going to be in the short run and why?”, stating that the price on sugar in the US is lower than in Russia and Ukraine, Market Leader’s office got thousands of e-mails with the following questions:
Dubai World has signed up the last remaining agreement with the lender on the restructuring of $23B debt, BBC reports.
As Japanese vice Finance Minister Fumihiko Igarashi claimed yesterday, the currency intervention will be more effective if it’s a surprise for the market. As a result, Japan’s monetary authorities aren’t going to provide any hint on whether they will act or not and if yen, then when it will happen. Finance Minister Yoshihiko Noda himself repeated after the G-20 meeting that Japan remains ready to sell yen.
Paradoxical but true - the current situation in the US generally looks very much like that in the USSR in late 1920s – early 1930s when the USSR found a way out of the crisis by collectivizing and dispossessing the wealthiest groups of peasants, and in the US during the presidency of Franklin Roosevelt (1933-45) where the same thing was done under a motto of ‘democracy’ and care for ‘simple Americans’. Roosevelt signed Decree No. 6102 of 5 April 1933 to ‘mitigate the critical situation of the US banking industry’ and ordered to seal all bank safe deposit boxes of American individuals and legal entities who, from that day, were not allowed to own gold (including gold coins) seized by the US authorities and exchanged for fiat money.
During the G20 Summit held in Gyeongju, South Korea, finance ministers of member states supported the intention to pursue an aligned policy aimed at eliminating currency market imbalances characterized as currency wars. This need emerged long ago and was caused, as Market Leader has already reported with a reference to experts of the Masterforex-V Trading Academy, by: