Today Angela Merkel and Nicolas Sarkozy will meet in Berlin to discuss numerous issues, including a new tax on financial operations. The leaders of Germany and France support the idea of introducing a 0.1% fee in order to protect financial markets from speculators, thus making them more stable.
Last week Nicolas Sarkozy said that he was going to initiate the introduction of the tax even without the necessary support from other EU members.
In the meantime, David Cameron, UK Prime Minister, is against introducing the tax, saying that such measures can scare away big-scale investment companies headquartered in the City of London.
In an interview to the BBC Mr. Cameron said that "the idea of a new European tax when you're not going to have that tax put in place in other places, I don't think is sensible and so I will block it…"
In the meantime, according to the SRP Sub-department under the Department of Masterforex-V Trading System ,EURUSD is forming an upswing - wave C inside an H1 recovery against the current downtrend, which will probably be resumed after the recovery is over.
To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.
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Text: Alex von Stachelkopf, the SRP Sub-department under the Department of Masterforex-V Trading System
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