Market Leader informed
Great Britain has answered to Ireland’s official request for financial aid to support its banking system.
The exact sum allocated by London is not specified. George Osborne has only said that it is estimated at billions of euro. The UK government’s willingness to help Ireland raises concerns. However, George Osborne assures that the UK will benefit from the recovery of the Irish economy as the banking systems of the two neighboring countries are closely connected and 5% of British products are exported to Ireland.
The British Pound keeps on losing its ground at Forex.
Experts from the Department of studying Masterforex-V trading system report that GBPUSD is currently being traded within the scope of wave a(C )/C of level H8, which will be terminated in the short run. The correction in the form of subwave b (C ) shouldn’t get over the defensive bearish MF pivot or/and come out of the MF sloping channel. Otherwise GBPUSD will get into D1 flat.
News for Nov 24th 2010 (GMT):
09:30 GBR - Gross Domestic Product (GDP) Revised
09:30 GBR - Services Activity Index
13:30 USA - Jobless claims, Private Income, Durable Goods Orders, Consumer Spending,
14:55 USA - Michigan Consumer Sentiment Index
Support/Resistance levels:
1.6005 - 76.4% + sloping channel
1.5944 - 238.2% + MF pivot
1.5914 - 200% + 50%
1.5884 - 161.8% + 38.2%
1.5821 – the current price
1.5775 - 76.4% + MF sloping channel
1.5756 -FZR
1.5718 - 111.8% + 123.6%
1.5679 - 123.6%
Discuss the article at the forum for traders
You are free to discuss this article here: forum for traders and investors
No comments:
Post a Comment