Consumer Confidence

The stock market rebounded. The DJIA ended with slight gains. In my opinion the major currencies are now bottoming out, an investment should happen soon. I would advise selling the dollar does rally. The pound rose to 1.6400 and closed firm. The USD may be corrected by the end of the week. An estimated one calm evening session GDP data given ahead. Because data is estimated negative, the USD may fall.

GBP / USD Resistance 3: 1.6650 Resistance 2: 1.6580 Resistance 1: 1.6500 New York: 1.6400 Support 1: 1.5400 Support 2: 1.5250 Support 3:? Volatility is reduced slightly. The pair stood at new levels of resistance. You may even rebound, but queen high volatility. Aggressive traders can buy now, but high volatility is expected. Several traders took profits and sovereign states were on the scene, with respect to the pound and the euro.

And above all operators in the Middle East. Thursday: All times EASTERN (-4 GMT) 3:00 am GBP Nationwide HPI m / m 8:01 pm, GBP GfK Consumer Confidence EURO / USD Resistance 3: 1.3100 Resistance 2: 1.3050 Resistance 1: 1.300/10 New York: 1.2957 Support 1 : 1.2330 Support 2:? Support 3:? Comments The pair began to pick up. It is advisable to buy now. The pair is at a point of purchase. You can pick the pair. The improvement in the stock market helped boost the price of par. The pair was under pressure and it is advisable to buy. It is expected more volatility. The oil also added pressure, but the pair remained firm, if oil can be picked up that takes the pair with him. Double action is awaited. Traders note official names overnight this time. Thursday: All times EASTERN (-4 GMT) 4:55 a.m. EUR German Unemployment Change EUR Consumer Confidence 6:00 a.m. for more information please access to foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction.

Retirement Trap

It's hard to remember when we first heard the term retirement, but we do know is that thinking about being part of that group is too distant to us. Life goes on and on the way we prepare to take promising jobs, positions and try to climb ever higher salaries to the end of our working lives to enjoy a well earned retirement and enjoying the fruits of our past. But the sad reality we discovered the day we retire and make queues at banks to collect the damn check: what we charge is much less than the salary they were getting work … where the catch? But let's get to the root: as a retirement fund, pension, Retirement or Retirement? Is formed with the support of the state, workers and interest and dividends generated by their investment in instruments such as mutual funds, bonds, stocks, etc.. But what happens when the population of workers diminishes dramatically contributors? That is not what is happening at the global level, especially in developed countries, y compris CANADA? 😉 In was baby boomers had 10 contributors for each pensioner, but we the generation X, we have only three contributors each! Imagine how many will have our children! But that's not all.

The baby boomers have started to leave and of course the stave in the background. That means less money spent on financial tools, less profits and less money to distribute among us. Only in Quebec, to cite one example, the entire pension system will be poorer by 225 billion dollars for 2007 (according to statistics from the Association quebecoise de retirees of public and private sector).