1 minute with ForexSurvivor

 

 

 

A.        (23October US) Latest Impact: IMF supports Pakistan

 

The IMF received another application, after Iceland, from Pakistan to support its monetary system before facing total bankruptcy. Washington to approve $45bn as a rescue package to lessen the impact of the outflow of cash; Investors are withdrawing their accounts from the Pakistani banks.

 

Pakistan with a population of 170M & with over 60 nuclear heads, if faced by bankruptcy, would have very difficult time sustaining the counter insurgency & terror operations.

 

As a result, the US will not only have to pledge for rescue packages for its own financial crisis, but also for the international countries that is operating a war with under the title of ‘Democracy’ & ‘Counter terror.’ Have you seen any changes?

 

Remember: the more rescue packages are approved, the more printing of dollar is needed, thus the more hyperinflation trend to stem.

 

B.        Signal

EURNOK: Buy 89962; TP 200pips

Limit Order Valid till 24 October

 

 

C.        Mission Accomplished:

n/a

Position(s) Closed

 

 

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****