日本語
Español
中文
Русский 
Français
- New York 19:25
- London 00:25
- Barcelona 01:25
- Tokyo 09:25
- Sydney 11:25
0
0
Romania: In the light of the Romanian presidential elections
Fri, Nov 20 2009, 15:39 GMT
by Omar Arnaout
Romania is preparing for the presidential vote to be held on November 22. Electing a president may help the financially ailing country not only in restoring investors sentiment to the country and strengthening the Romanian currency but also in pushing the bailout loan payment which is currently being stalled by the IMF. Unfortunately much points to the fact that there is lack of support for an outright victory which may force a second run off on December 6, which also means that the Romanian currency can be exposed to a short term weakening against the Euro.
From the technical point of view the market has stopped on a significant geometric level, which is also the 38.2% retracement of the increase movement initiated on 2.07.09. The stochastic oscillator also signals a possible increase and the markets current target is reaching the level of 4.2967 or with greater market strength 4.3023. The negation of the above mentioned scenario would be the breaking of the support level of 4.2570.
Published on Fri, Nov 20 2009, 15:41 GMT
X-Trade Brokers Dom Maklerski SA
| Robert.kosowski@xtb.pl; 00-876 Warszawa
http://www.xtb.com/ | Robert.kosowski@xtb.pl
Legal disclaimer and risk disclosure
X-Trade Brokers Dom Maklerski S.A. does not take responsibility for investment decisions made under the influence of the information published on this website. None of the published information can be treated as a recommendation, disposition, promise, or guarantee that the investor will achieve a profit or will minimize risk using the information published on this website. Transactions including investment instruments, especially derivatives using leverage, are in its nature speculative and can provide both profits and losses that can exceed the initial deposit engaged by the investor.Related reports
Romanian inflation remained flat at 4.7% y/y in December compared to November by Danske Bank A/S
Wed, Jan 13 2010, 06:33 GMT
EMEA FX-markets diverged on Thursday by Danske Bank A/S
Fri, Oct 9 2009, 05:34 GMT
The Romanian central bank cut its key policy rate by 50bp to 8.00% by Danske Bank A/S
Wed, Sep 30 2009, 05:16 GMT
Industrial production is on the agenda in Turkey, Hungary and Romania by Danske Bank A/S
Tue, Sep 8 2009, 06:19 GMT
No surprises in Hungarian and Romanian inflation by Danske Bank A/S
Tue, Aug 11 2009, 13:11 GMT
Related content
Romania 2009 New Car Registrations Fell 59% On Year - Mediafax
Dow Jones | Wed, Jan 13 2010, 14:17 GMT
EU: Romania Making Good Progress On 2009 Budget Deficit Plan
Dow Jones | Thu, Dec 17 2009, 11:41 GMT
Romania Plans To Sell RON4.8B State Treasuries In Dec-Mediafax
Dow Jones | Wed, Dec 2 2009, 14:20 GMT
Romania Ctrl Bk Drains RON2.68B In 6-Day Deposit -MediaFax
Dow Jones | Tue, Nov 17 2009, 12:15 GMT
Romania Targets ERM2 In 2012, Euro Adoption In 2015-Ctrl Bkr
Dow Jones | Mon, Nov 16 2009, 14:14 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.