Germany's GDP fell by 5% for 2009, reports the Federal Statistical Office. Thus analysts predicted reduction in the rate of 4,8%. Recall that in 2008 Germany's GDP increased by 1,3%. It is worth noting that after the recession, Germany's economy recovered faster than expected. Economic growth resumed in the second quarter of 2009 (+0.4%) and accelerated in the third quarter (+0.7%). Economists predict a GDP growth of 1,6% this year and 1,2% in 2011.
Wednesday, January 13, 2010
The volume of production in manufacturing has not changed the UK for November
The volume of production in manufacturing industry of Great Britain has not changed for November in monthly terms, said National Statistical Office. It is worth noting that analysts predicted an increase in rate of 0,3% during the reporting period. A month earlier, the index was also 0.0%.
On an annual basis, the volume of production in manufacturing declined for November at 5.4% in the previous value of -7,8% and forecast at -5.1%. UK industrial production index increased by 0,4% in November in monthly terms, while the forecast growth of 0,3%. Recall that in the previous month, industrial output declined by 0,1%.
On an annual basis the industrial production index for November fell to 6.0% in the previous value of -8,4% and -6,1% forecast.
On an annual basis, the volume of production in manufacturing declined for November at 5.4% in the previous value of -7,8% and forecast at -5.1%. UK industrial production index increased by 0,4% in November in monthly terms, while the forecast growth of 0,3%. Recall that in the previous month, industrial output declined by 0,1%.
On an annual basis the industrial production index for November fell to 6.0% in the previous value of -8,4% and -6,1% forecast.
BNP Paribas remains bearish forecast for the euro / dollar
As the currency analysts BNP Paribas, the euro / dollar struggling to develop further upward movement, and the widening spreads on government bonds within the euro area suggest that the single European currency will once again be under pressure. Today, the euro / dollar continued to recover and reached highs in the 1.4575 area, but the further growth of a pair of resistance at 1.4630 the bank's strategy recommends seen as an opportunity for sale. As part of the downward projection break below 1.4405 would signal to further reduce the pair to the original target level of 1.4260. Currently, the euro / dollar traded at 1.4565.
Standard Bank recommends selling the dollar against the euro and yen
According to currency analysts Standard Bank, investors should sell U.S. dollar against the euro and the yen. As noted in the bank, from January 5 this year, the Bank indicators show a positive vein, the European currency in the pair with the dollar. The bank's strategy recommends investors buy the euro / dollar to $ 1.4910 level and close the position in the case of couples to reduce the level of $ 1.4260. A pair of dollar / yen in the bank changed the recommendation to "buy" to "sell": bank analysts recommend to sell a couple to at Y89.70 and close a position in the case of couples growth to Y93.30. At the moment, the euro / dollar traded at $ 1.4555, the dollar / yen is at around Y91.40.
Thursday, January 7, 2010
rvm Fractals Level MT4 Indicator
it is support and resistance lines based on Fibonacci numbers 23.6%; 38.2%; 50%; 61.8% and in some cases 76.4%.
The theory says that the the price is stopping on those numbers, floating between two lines sometimes etc. If the price left 3 lines this price will change the direction of the trend. Most probably. Those numbers 23.6%; 38.2%; 50% and 61.8% are the levels of market correction.
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rvmFractalsLevel.mq4
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