Yuriy Ukazkin
Forex news.
The procedure of preventing national default in Greece in one way or another has a day-to-day influence on European financial and economic life. If the issue of partial debt relief by private investors is not solved by tomorrow evening – there will start uncontrolled default of Greece, which will be accompanied by irreversible thumping damages of investors. If the issue is solved – losses will also happen, but voluntary-compulsory ones.
As the third option is not likely to appear, and yesterday’s macroeconomic statistics was not very positive, quotations of the shares of largest European banks started falling:
- Deutsche Bank by 5.11%,
- Commerzbank by 6.7%,
- BNP Paribas by 6.4%,
- Societe Generale by 6.5%,
- Barclays by 4.34%.
This was followed by the decline of European stock indexes.
EURUSD currency pair has not been left behind at FOREX market, having continued bearish trend. At present the pair seems to be forming sub-wave "с" within correctional pullback of descending wave of h4 level. According to the specialists of the System of Early Prediction within Masterforex-V Trading Academy, if the price overcomes the pull of Sloping Axis, points 1.3180 and 1.3218 will become the targets of correction.
Yuriy Ukazkin
