Currency intervention in Hong Kong less than

Currency intervention in Hong Kong: less than a year and a half

Managing money
Treatment of Hong Kong said today
infusion of the Hong Kong dollar,
the first time in the last year and a half.
infusion Amount – $ 2,099
billion, and it happened one day on June 24 –
July 1.

Against the background
that corporations need to Hong Kong
the dollar, the market demand for it has grown,
and the rate has risen to the intervention threshold
($ 1 – 7.75
Hong Kong dollars).

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Why do so few traders engaged in wave analysis

Why do so few traders engaged in wave analysis ???

Question is not new and not old.

Each gives his answer. From my point of view of three reasons:

  1. Not very clear, and very precisely formulated rules for the identification of wave patterns.
    It is very broad "admission" the ratio of the wavelength, the duration in many cases do not take into account also simplified the rules and the use of alternating channels.
    Adding to the problem ….
  2. The abundance of literature compiled.
    Primary sources can be counted on the fingers, but "authors" …..
    Everyone is trying to bring something "his": Simplifying assuming introducing his trilogy, and as a result is only more confusing beginners.
  3. No (absent) normal
    environment for conducting wave analysis in the most
    terminal MT4 and MT5.

If you are interested in the topic further fashionable to continue …

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Russian market is growing to match world’s stock

The Russian market is growing to match the world’s stock exchanges

on the Russian stock market opened mixed today as yesterday: MICEX index to 10:05 MSK rose 0.25% to 1377.66 points, the RTS fell by 0.20% to 1196.32 points. After 7 minutes of the market "shot"And began a rapid growth: MICEX index to 10:12 MSK rose 0.88% to 1386.29 points and the RTS added 0.46% to 1204.29 points.

Investors see no reason to refuse to buy still cheap Russian stocks greed for awhile overcome fear.
Speculators on the Russian stock market on the eve of a two-day rally, after trying to play again to increase: in the morning the market opened in different directions, before lunch there were more bargains for sale, and in the evening market is closed again without a definite trend: MICEX index rose by 0.13% to 1374 19 points, the RTS fell by 0.41% to 1198.72 points.
Close eve shortly after the Russian market, European exchanges have shown the worst result compared with Mosbirzhey: almost all the indices were down, the German DAX lost most (-1.21%), the British FTSE 100 – less than the others (-0.01%).

On the eve of the US indices declined markedly: Nasdaq – on 0,27%, S P 500 – on 0,16%, Dow Jones Industrial Average – 0.06%. Reports publishing season is already priced in, and new incentives for the assault record levels, which is the US market, no.
Exchange of the Asia-Pacific region, taking over the baton from the closed US sites have started today is positive: all the major indexes rising in the range 0.2-1%. The exception is the Chinese market: the Shanghai index fell by 0.40% to 9: 576 MSK due to weak macroeconomic data published today. In particular, the volume of new lending in one of the world’s biggest economies unexpectedly fell in July.

Gold prices sixth trading session held steady at above $ 1,310 per troy ounce (COMEX playground of the New York Mercantile Exchange).

Oil prices continue to decline. Among the reasons for the fall in oil prices – to the completion of the military operation in Israel Add news of US fuel inventories, which grew, and began working in Libya terminal "Ras Lanuf"Freed from the rebels.
The price of European Brent oil on the eve fell $ 1.66, or 1.59%, to $ 103.02 per barrel at the end of trading in London. Today Brent to 9:15 MSK lost in the price of $ 0.45, or 0.44%, and traded at $ 102.57 a barrel.
The cost of the American variety WTI (Light) at auction in New York on Tuesday fell $ 0.71, or 0.72%, to $ 97.37 a barrel today to 9:16 MSK fell to $ 97.07 (? $ 0.3 or 0.31%).

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In Ukraine lull Europe moved to increase

In Ukraine, a lull. Europe moved to increase

stock markets rose after
stocks have shown maximum growth
month. This happened against the backdrop of the fact that
Ukrainian and Russian officials
We met for talks: Pavlo
Klimkin and Sergei Lavrov spoke
in Berlin. The aim of the talks was
indicated by the easing of tensions
between the two countries. Although
Brezhnev kissing between politicians
It has not been fixed, the Minister of Foreign
Minister of Germany Frank-Walter Shtaynmeyer
assured that there had been some
success. Lavrov, however, grimly noted,
that no resolution has not been signed
It was.

when you see a de-escalation
geopolitical risk – it is always
works in favor of the markets “, – stated in the
Jacobsen, Director of Investment Bank
A / S (Copenhagen).
– “Short-term movements of the stock
the market is now almost entirely controlled
news on the situation in Ukraine / Russia.
Now we are seeing a temporary relief. ”

index futures rose, Asian
stock markets showed no significant

among individual
Companies increased United
Internet AG (+ 4% on the information
to buy 10.7% stake in Rocket
Internet AG). On
3% “fatter”
Renault SA, does not concern
to a lesser extent due to the fact that
among the 19 industry groups index
Stoxx Europe 600
Automotive lead. Bank
sector shows optimism so
Commerzbank AG added
1.4%. Technological area, too, in order:
It added 1.1% Deutsche Telekom AG,
and even stated that
that she was going to buy a large
cable providers.

stock commotion happened even
tranquil Scandinavia: Tobacco Company
Assens A / S stated
that he was thinking about the IPO, on
background that Swedish Match AB
(Owner of 49% per cent
Assens) earned
1.5% increase to the share price.

In general Stoxx
0.9% 600 up to the middle of the day. Today
growth showed all industries represented
in the index. Futures on the index of S P
500 added 0.4%, but the
Asia-Pacific MSCI
headway, gaining
less than 0.1%.

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Statistical Week calendar of important events

Statistical Week: the calendar of important events

there is a lot of interesting things: the publication
macroeconomic statistics,
and corporate reports, and speeches
officials. But it is clear that the center
attention in any case would
Ukrainian crisis and a variety of
events related to the embargo. West
preparing a “symmetrical response”, Russia,
and mustache is not blowing, is already considering a
list of industrial and medical
goods, which way across the border
It will be “ordered”.

Tuesday August 19
We are waiting for data
Balance of payments euro-zone inflation
UK retail sales
in the Russian Federation. US will present statistics package
of sales in retail chains, inflation,
construction of new homes and permits
for construction. With regard to individual
companies, investors await reports BHP
Billiton and John
Wood Group.

at an economic conference in
Lindau speak German Chancellor Angela
Merkel. Also we are waiting for trade data
Balance in Japan, inflation in Germany
and Russia, building production
in the euro area, the index of the mortgage market.
The Fed and the Bank of England will present reports
their last meeting (expected of them
very much). On Wednesday, it is planned
also a large block of statistics from
individual companies: Cralsberg,
Heineken, Hewlett-Packard, Staples.

August Thursday
, investors and traders
We are looking forward to the start of the annual
Fed symposium in Jackson Hole. A speech
Janet Yellen will speak, and we again
scrutinize the minutes of the
performances, in search of hints
Fed raising interest rates. China
and the US provide business activity
in the industrial sector. France, Germany
and the euro zone as a whole manifest data
for industry and services.
Britain will give retail indices
sales. Also we expect figures on consumer
confidence in the euro zone. among the companies
focus – Report Raiffeisen
Bank and

It will be more relaxed: it gives the data
on inflation and retail sales
Canada. According to its success plans

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BRIKC country associated risks when investing

BRIKC country associated risks when investing

In 2001, Jim O’Neill (. English, Jim O’Neil), economist, one of the largest commercial banks Goldman Sachs in the world, used the abbreviation BRIKC (English, BRIC.) With respect to the four countries – Brazil, Russia, India and China . Then the analyst did not know that by doing so made the most courageous macroeconomic application of all time. O’Neill suggested that in the future the state will be listed the main drivers of the global economy, given their correct demographic characteristics, the vast resources of wealth, the growth of the middle class, as well as a relatively stable fiscal and monetary policy. While the predictions come true economist. The growth index MSCI BRIC over the past 10 years, more than 8 times higher than the income from S P 500, and the total volume of GDP BRIKC countries last year jumped to 13.3 trillion dollars.

Equally good results have led many investors to include these
emerging countries in their portfolios, so that you can
would benefit from the rapid growth of the group. However, despite the
rosier long-term BRIKC countries, here lies a lot
risks in addition to the global macroeconomic pressures. Finally,
not without reason these economies called “developing”.

Investors are extremely important to deal with all the “pitfalls”
given the large contribution BRIKC countries into the world economy and their
share in emerging market assets. Since each of the four
countries is radically different from each other, understand the characteristics of risk
Each of them – a truly difficult task. When investing in the country
BRIKC should not lose sight of the inherent risks, which will be mentioned

Dragon full of lies

When it comes to emerging markets investments,
the most popular option in the minds of many investors is China.
In the end, the country has all the classic signs
emerging market. Nevertheless, to invest in the economy
Asian Dragon is not as easy as to buy a share in Germany.

The biggest problem most likely is the lack of
generally accepted accounting principles (Eng., GAAP) or
International Financial Reporting Standards (IFRS). this aspect
many by surprise even the best investors. For example, the control
hedge fund billionaire Dzhon Polson (Eng., John Paulson) lost a lot of
money on Chinese forest plantations, Sino-Forest Corp. Thus, the company
He accused of falsifying books and falsification of land
possessions. Often the charges are recorded in the forgery of bank deposits and
accounts. Due to the disclosure of information and lack of transparency much
difficult to see the real picture, especially when compared with the shares
Companies in developed countries.

Things get even worse when investors have to deal with
dubious official Chinese statistics and overly regulated and
because bureaucratic communist government. Most
large companies in the country one way or another controlled by Beijing.

The endless corruption in Russia

Despite the recent accession to the World Trade Organization
(WTO), the investor may face considerable investment
risks. The largest of them is corruption and political
pressure. It has become a commonplace that bribery and organized
crime permeates legal business. according to
A study by Information Science for
Democracy Foundation, the average size of small bribes in the last 10 years
The Russian Federation has been steadily increasing. In 2001, it was
priblizitelno1817 rubles, while by 2010 had risen to
5285, which accounted for 93% of the average worker’s salary.

Investors also have to confront the local government. If
adhere to views that do not coincide with the President’s wishes
Vladimir Putin, the development of business, as well as the investment process,
It may stall. In an extreme case, the investor can threaten and imprisonment
Finally. An example is the story Mihaila Hodorkovskogo,
former chairman of the oil giant Yukos. In 2005
he was accused of bribery, but it is believed that the real reason
are political in nature.

Latin American raw king

Although corruption is not open in Brazil as serious
the problem, as in Russia, investors still face certain
risks. They create a “protectionist approach of the government.” Now
country occupies 2nd place in Latin America in the number of protectionist
measures, behind only Argentina. Here we should mention the support of the local
products, high tariffs on imported goods, tax exemptions
to support domestic producers and limit access
investors in the strategically important natural resources. For example, if
investor wants to participate in the development of oil fields, he
partnerstvovat necessary to state energy giant
Petrobras. In general, such a policy can lead to the fact that
Brazil lose part of the profit from the investment, if the government would go
further and nationalize various assets.

Asian bureaucratic nightmare

Given the high degree of power of the people in India, the investor is quite ready
encounter with some fraction bureaucracy. However, Indian
bureaucratic machine is called “the most stifling in the world.” open your
business in India is very difficult, because the local and national
government usually puts his hand to the commercial market. Similarly
Investors impossible to enforce the contract, especially
When business partners tend to make deals with undeclared
third party. According to estimates of the Hong Kong Science Center
Political and Economic Risk Consultancy, India’s bureaucratic
the system simply does not allow the country to equalize the rate of economic growth
with their opposing countries.


BRIKC country can boast of its economic growth and
provides investors with new opportunities to replenish the portfolio
valuable papers. However, investors still await a lot of risks.
Understanding all the “pitfalls” is the key to success in
conditions as rapidly developing economies of giants.

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Visa is looking for partner for Russian domestic

Visa is looking for a partner for the Russian domestic processing: to no avail

Visa has not yet found a partner for the Russian domestic processing, told the head of the company’s innovation department "Visa Russia, the CIS and South-Eastern Europe" Andrew Aleykin.Visa continues to search for Russian domestic partner.

"Once it is completed, we will inform", – he said.

The law on the establishment of Russian payment cards of the National System (NBTS) and ensuring the smooth operation of international payment systems, was adopted in the spring of this year, after Visa and MasterCard have refused to serve the customers of a number of Russian banks, came under US sanctions because of the inclusion of Crimea in structure Russia. It contains a prohibition on the unilateral termination of the provision of services not only to operators of payment systems, but also operators of payment infrastructure, settlement centers, as well as the participants in the payment system.

In addition, the payment system operator, which is not a national importance, is obliged to submit to a special account with the Central Bank a security deposit. The premium has become a major challenge for the international payment systems. He equated the amount of money transfers in the territory of Russia in the framework of the payment system in two days. Morgan Stanley’s experts assessed the contribution rate for MasterCard to $ 1 billion, and for Visa – almost twice as much: $ 1.9 billion.

June 25 has been published for expert discussion draft decree giving reprieve Visa and MasterCard to pay contributions until 31 October. During this time they will find partners in Russia.

Within the framework of St. Petersburg International Forum in May of payment systems management held talks with representatives of the Russian government, following which it was announced that Visa and MasterCard will continue to work in Russia.

Companies create subsidiaries, which will be integrated into the formed national payment system. Operators six months to cooperate with the Russian payment systems, and then it will take another year and a half to create "daughters". Processing will be carried out in Russia.

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US session ended in red zone

The US session ended in the red zone

Trading on Wall Street closed the fall of the US stock indices. This happened against the backdrop of escalating conflict in Ukraine, the problems in the Middle East and, of course, after the fall of the Malaysian airliner over Donetsk. Killed nearly 300 people, quite definitely, that the plane was shot down, but that’s what – is unclear. Both sides accuse each other, commenced an investigation.

time S P 500 fell
to a minimum of three months values.
Analysts say that investors have begun to
massively sell shares because
economic situation depends
by geopolitical conditions, and now
Geopolitics is very complicated.

A fall
stock market lasted the whole day in the United States,
but the total acceleration of the already acquired
at the end of the trading session, when it was
it is known that Israel launched a ground
operation in the Gaza Strip.


S P lost
1.18%. DJIA fell by 0.94%.
Nasdaq Composite slid down

As for individual corporations, then
14% cheaper shares of the manufacturer
“Flash drives» – SanDisk (quarterly
Company statements are not pleased
investors). The insurance company UnitedHealth
Group Inc., on the other hand, raised her
quotes by 1.6%, and also due to the publication

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Trading and Poker find ten differences

Trading and Poker: find ten differences

Between those who make money in the Forex market and those who spend their working days at the poker tables online, at closer inspection it turns out to be quite a lot in common. Analytical skills, intuition, the ability to control himself and to measure statistical parameters – and he and the other set of qualities required for the player of forex, and professional poker player. Of course, there are differences. For example, the game of poker is allowed only "hand": Is strictly forbidden to play robots. But automated trading – a very common tool for trading in Forex, because to write or order under its strategy trading robot means to rid themselves of a variety of problems, including psychological.

So what is it that like forex and poker?

The correlation between playing poker and trade currency pairs – is quite logical. Forex trading involves high risk and does require special training. Other success factors – knowledge, experience and emotional control – all this is very similar to a “Go Bag” poker player.

Rules of the game

In poker, we
choose between certain games:
whether it is Texas Hold’em, Omaha
or another species. In trade
Forex we choose between currency
pairs. All of the major pairs are tied to
The US dollar, and each has its own style
and individuality, so each
of them have to adapt to
get a psychological advantage.


On forex, we
We compete with other traders,
large hedge funds and large
Global banks – they all have
strong capital and experience. In this way,
we must carefully choose their
position and play the most carefully.
There are a trading psychology recognized
patterns of behavior, and all of them should be studied,
to try to anticipate the other steps
traders. Exactly the same thing, but
more pronounced – in poker. Our
task – to figure out what a person is going


Currency market
– the largest and most liquid in the world:
It draws on a daily basis for more than 4
trillions of dollars. There is no such
major players, someone one could "break open" market, but global events
can influence the market and change the position
in the expected direction. In poker, a lot
more important factor banal luck –
We got exactly the card that
gets, and we operate only by them.
However, and in Forex success it is very necessary,
and you catch it by the tail, if you read
all about money management principles
tools and be able to calculate statistics
the likelihood of its success. As in
poker, you are bound to be losses,
but sooner or later they will become


As is the case with
online poker, you have to deal with
trading bounds successively
and constantly, always in accordance with its
pre-developed trading plan.
First you have to learn all the procedures
and understand all the basic stuff, doing
playing the demo version. Similarly, in
Poker: first comes online game
virtual money, and only when you
You feel that they are ready to “come in large
world “, throws you into your account money

Forex brokers offer system
free demo version where you can
get acquainted with the market, choose your
currency pairs – in other words, to grow roots.


Analysis in Forex will be your main
tool, which with the help of graphs
will assess whether the right to
direction you are moving, or missing
their currencies. Many believe that the movement
market is fully subject to chance,
but traders rely on technical
analysis to understand the boundaries when it
comes to choosing the entry and exit points
On the market.

In addition, markets
and provide data for fundamental
analysis, according to which merchants
We must interpret the data and make
decisions about where moves

skills, the ability to quickly assess
probability and intuitive repeat
successful strategy – you do not find that the
it all too similar to online poker?


Currency trading
– only the business process that
It should be deprived of absolutely all
emotions. We must follow their gradual
I plan to block all their movements
aside logical process undermining
decision-making and, in general, think only
the coldest in the world head. Not
Is it true poker players gentlemen, it sounds
very familiar?

high income
– high risk

Do not enter
misconception in forex trading have
risk. Among the newcomers are very high
the failure rate because they
impatient or lack
experience in order to survive – let alone
more – to flourish. Exactly so
same is the case with poker players.

successful trading
– it’s not about passion and not about luck (equal
as well as a successful poker game). It’s about
game about the differences and iron
self-discipline, just as in

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Another accidental death of banker

Another accidental death of the banker

Corpse Goldman Sachs managing director Nicholas Waltz found in New York. Officially, it is regarded as an accident at "launch the kite".

quantity "accidents" This year among the key finasistov already passes for the third dozen

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