firstsasha

: firstsasha; November 23rd, 2010

Ireland to receive financial aid

Ireland is getting ready to receive anti-crisis financial aid to the sum of 90B euro.

However everything is not as simple as it may seem: in order to get the financial aid the country will have to accept the austerity plan. That is the decision made at the video conference of all the EU finance ministers. All of them are members of the ECOFIN Council. 16 ministers representing the Eurozone states make up the Euro Group.

According to the final declaration of the ECOFIN and the Euro Group, only 3 financial sources will be used to make up the financial aid package: the funds will be provided by the IMF, the EU and the Eurozone.

Tags: masterforex

Foreign exchange market

: firstsasha; November 23rd, 2010

What impact does Irish crisis have on Euro?

On Monday EURUSD opened the trading week with a gap against the background of the EU providing Ireland with financial aid.

Ireland’s official request for help made Euro gain in value against US dollar. However, the debt problems of Portugal and Spain made investors get rid of the Euro currency, making the EURUSD rate decline.

Tags: masterforex

Stock and commodities markets

: firstsasha; November 19th, 2010

Google Knows How to Make Money in Stock Markets?

American and German scientists made a curious discovery. It turns out that stock market players can get a helping hand in carrying out effective analysis of the current situation... from the world's most popular search engine, Google, or, to be more specific, its statistics for the frequency of inquiries about the names of companies involved.

Stock and commodities markets

: firstsasha; November 19th, 2010

For investors: silver is more profitable than gold

Experts suppose that next year the upward tendency at the markets of precious metals will continue.

The price growth will concern both jewelry and industrial metals. In particular, silver may gain in value up to 17%, reaching $30 per troy ounce. This year’s consumer demand has already reached its all-time record, making up 210 million ounces, which is 5% more than last year’s volume. In 2010 jewelers bought 10% more silver while the industry increased its consumption of the precious metal by 18% as compared to 2009.

Stock and commodities markets

: firstsasha; November 18th, 2010

S&P500: end of bearish wave

S&P500 futures has terminated its bearish wave.

The “smart money” still indicates bullish sentiments while watching the uptrend. According to the Department of studying Masterofrex-V trading system, in order to make a full-grown retracement the price needs to go for the “Moment of Truth” and form a FZR*. However it should be kept in mind that any retracement can turn into a trend of the same wave level as the retracement wave itself.

The defensive MF Sloping Channel and MF pivot (1184.93) will indicate the end of the bullish movement and probably a trend reversal.

Stock and commodities markets

: firstsasha; November 18th, 2010

Crude oil prices decline. Is it investors’ pessimism or big-scale players’ games?

Yesterday, on Nov 17^th 2010, at NYMEX the price on Light Sweet Crude Oil (the December futures contract) declined down to $80.44 per barrel while at ICE (InterContinental Exchange Futures) Brent Crude Oil lost in value as well. Its price fell down to $83.28 per barrel.

Foreign exchange market

: firstsasha; November 17th, 2010

EURUSD and 6ECONT (its futures) continue lowering

Yesterday the common European currency updated another local low at 1.3445, showing that the bearish sentiments are still strong enough.

Foreign exchange market

: firstsasha; November 17th, 2010

Herman Van Rompuy: European Union will not survive if…

Herman Van Rompuy, European Commission president, said in a speech in Brussels before the euro zone finance ministers meeting that the European Union will not be able to survive if it fails to overcome the crisis that is currently plaguing the area.