Forecast for forex traders: Fundamentals Aren’t Favorable for Pound

The Great Britain pound fell during the previous week, but rose at the beginning of this week. Could it be a sign that the sterling is going to reverse its bearish trend? The currently available data shows that such case is unlikely. Previously, gains of the pound were mainly by investors fleeing from the euro and the problems of the European Union to the UK currency that was perceived to be somewhat safer. But the macroeconomic data continuously proves that Britain’s economy has its own problems and isn’t much better that the economy of the continental Europe. Growth of the UK economy slowed to 0.2 percent in the second quarter of the year from the first quarter, while growth in the first quarter from the previous three months was 0.5 percent. The figures were even worse on year-over-year basis as expansion in the second quarter was by 0.7 percent, while increase in the first quarter was by 1.6 percent. This week isn’t great for the pound either. The GFK Consumer Confidence Index is expected to slightly go down from -30 to -32. Views on the housing sector are mixed. While the Halifax House Price Index is expected to show monthly increase of 0.5 percent in August, compared to 0.3 percent in July, analysts predict Nationwide HPI will show slower growth of 0.1 percent this month, down from 0.2 percent in the previous month. All in all, this week doesn’t look very favorable for the UK currency. In case of a rally, GBP/USD would find strong resistance at 1.6550 level. That was the level of resistance in May and more recently in July. The currency can find support at 1.6250 –1.6300 level as it provided strong support in the second part of July and was the recent base for the current rally. Below that the area somewhat above 1.6100 as that was the floor for the currency, when it has broke to the downside at the beginning of August. If you have any questions, comments or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.

How to avoid paid survey scams

The key to avoiding paid survey scams online is that you should never have to pay anything, and there are no get-rich-quick survey opportunities available. If it sounds too good to be true, it probably is. A reputable company will have its information available both online and over the phone, and they won't sound like an infomercial. Beware of any paid survey opportunities that have more hype than content. Other People Are Reading Instructions 1. * 1 Look at the paid survey company's website. It should look professional, similar to any other business website. If it has huge text in varying colors, with blinking lights and multiple exclamation points everywhere, it's probably a scam. * 2 Read all their rules for joining. There should be absolutely no fee for joining, or for "learning materials" to get you ready to use the site. Taking surveys is not difficult and does not require training, and you should never have to pay to take a survey, even if they offer to pay you when you're done. * * 3 Calculate how much you'll be making per survey or per hour, based on their estimates. Reasonable rates for paid surveys are somewhere between a few cents and $1, with averages around 25 cents. Rates of several dollars or more per survey are simply not sustainable for a survey company, and if they claim to offer that it's probably a scam. The only exceptions are specialty surveys that you may be invited to while taking a lower-priced survey. * 4 Contact the company if you have any concerns. Avoid giving any of your personal information until you're sure they're legitimate. A representative on the phone who is overly pushy or refuses to answer simple questions is not a good sign. Read more: How to Identify and Avoid Paid Survey Scams | eHow.com http://www.ehow.com/how_2281812_identify-avoid-paid-survey-scams.html#ixzz1toMKgDOZ

A.W. Surveys Scam

In this article, I'd like to discuss A.W. Surveys and tell you my experience with this survey site. First of all, the site was quite nice as it has 7 good paying welcome surveys that pay from $4 to $6 for each quick website evaluation(they wasn't actually surveys). So once you complete those 7 website evaluations(surveys) then you have a quick $26! That was easy huh? Oh and they also give you $1.25 for each referral you send over to their site be scammed with you. A.W. Surveys will only let you cash out once you have at least $50 in your account. Guess what? They don't send you anymore surveys. You made $26 from them and the rest of the money you make must come from referring people. If you Google aw surveys scam, you will find many posts from upset ex-members that were burned by the site. The weird thing is that A.W. Surveys has a very good traffic rank. How they manage to keep getting members to the site is beyond me. So is A.W. Surveys a scam or not? Well they are notorious for cancelling poor innocent members accounts once they get close to their cashout point. They cancel it without warning and you may get a response saying that they suspected "fraud" or something along those lines. Surprisingly, they have paid a few members but it seems that they may be doing this only to keep people coming to the site. So lets say 3 out of 10 members get paid - Those 3 members are going to keep referring people plus A.W. Surveys made money from the other 7 people without having to pay them. My suggestion: Stay away!

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