[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 6: August 2011) - page 2
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US President Barack Obama said on live TV that the negotiators have agreed on economic issues. Thus, the country will be able to avoid a default.
The head of the White House said that as a result of the negotiations in Congress, in which the leaders of the Democratic and Republican parties took part, both sides made concessions. The document has not yet been signed, however Obama has expressed conviction that the Congress will agree with the proposed option. According to him, he will guarantee that there will be no default in the next 8-12 months.
The president admitted that this is not an option he really likes, but it is still serious progress.
According to the agreement, the federal budget will be reduced by around 2.4 trillion dollars over the next 10 years. In addition, it has been decided to set up a special committee of representatives of the two main parties to present concrete proposals on the issue by November.
A vote on the document is expected on Monday. As the head of the Republicans in the House of Representatives, John Boehner, pointed out, it is not the greatest agreement, but it is significantly different from the options that were discussed at the beginning of the negotiations.
Immediately after President Barack Obama's announcement of a compromise that would allow the US to avoid default, stock indices went up, while gold, on the other hand, began to fall in value, Reuters reports.
Thus, futures on the S&P 500 index immediately jumped by 1.4%. However, investors are still acting with caution as they fear that the rating agencies will not believe the promises of the American administration. In addition, the vote on the anti-crisis agreement does not take place until Monday.the eu turned around on the news and went in the right direction...gold's behaviour...not clear.
Where and when did it turn around?)))
The compromise is a two-phase plan to raise the national debt by three trillion dollars. That is, Washington would raise the borrowing ceiling by that amount and cut budget spending by the same amount - three trillion - over the next 10 years without raising taxes.
http://news.mail.ru/politics/6465899/
Where and when did it turn around?)))
It is strictly forbidden to discuss trading systems and demonstrate their results
So, how do we substantiate our predictions? Is this thread for news players only?
It is strictly forbidden to discuss trading systems and demonstrate their results
So, how do we substantiate our predictions? Is this thread for news players only?
Now it will be like MT5: it will go down because there is nowhere to go up))))
Hi all ....
Everything is beautiful on the chart ... but how will the reality be? .... if we return to the red downtrend - again a spike between levels ... if we assume the move is directed - the targets are nice .... I would like some certainty already .... I'm sticking to the buys ... hopefully tomorrow will bring clarity ...