FISHING BALTENI 2014

There is no place  where make me fell more relax than fishing.At the initiative at one friend I decided to go to fishing.The place  where we choose was Balteni,I recognize that I never been there so it was something new for me.

At the begining I was skeptical about this fishing trip that because I knew that it wasn't yet the right time that because the Danube (Sfantul Gheorghe) was swollen and current was strong,so I couldn't resist temtation and i joined to my friends and i decided to go.

We gathering with all ,Bozo,Titi,Rila,Zoro,Mircea,Razvan and we went to Balteni.Balteni is located In Tulcea county about 25 km from Tulcea.When I left home i remember that it was a raining day that make to think twice when you take a decison,but I was determined to go to fishing no matter how long the rain will takes.We reached at destination the place where we choose to fish it was a pension court yard.At the begining it was uninspired decision that because we always choose wild places when we go to Danube Delta.

I choose the place where I follow to fish. My fishs targets where carp and crucian so I prepared my fishing rods I've choose to fish with 2 fishing rods and one feeder.I prepared a special groundbait (corn,wheat and grains).At prevoius fishing trips that I made at the Danube I knew what the important is to locate the carp.On the Danube and other rivers the location of the fish is tought that because the carps are looking  food differ much of how we fish on the lake.


So from my previous experience I knew how the important is the bait and what the important is that the bait to stand on the place where you fish.I learned from fishing tv chanells that the bait to stay on the place you must to mix the groundbait with ground clods in hopes that the bait will stay much more posible near the place you fish.I trew the bait in the water and after that the 2 fishing rods and I had left to wait the carps .Unfortunatelly for me the current was so strong even with 120 g lead my line was carried away by the current.

My consolation comes from feeder I done to catch some crucians and breams but no carps,but that it's fishing you never know what it's going happen,fishing it's not mathematics is something more probabilistic.That's for today bye-bye.

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BRICS THE MONSTROUS COALITON WHO THREAT THE WEST

When I've hear for the first time the acronym of BRICS,I didn't know what it's mean.First I try to explain for those who don't know the meaning of this acronym.So BRICS are countries who be part form emergent economies(B-Brazil,R-Russia,I-India,C-China,S-South Africa)

The person who invented for the first time this acronym was Jim O'neil.The main goal of BRICS countries is to create a viable alternative to developed countries (G7).

Initially I was sceptical about the evolution of BRICS projects and how this countries are ables to play  an important role of world economy.China is with no doubt the country who will drive BRICS.You can say why China? China because is the most important emergent economy,second largest in the world after US.Some economist forecasts that China will over take US,and began the largest economy in the world.

China's economic evolution was impressing in the last years,and now it's under stagnation with 7,5% GDP increase in second quarter of 2014.

Back to our today topic"How BRICS can threat West" with all know that CHINA want to make some changes in world financial markets.I wrote in one of my last article about how CHINA want to change the us dollar as world reserve currency,this is firs step.

And the second and most important the BRICS countries agree and create an alternative financial institution to World Bank and International Monetary Fund.In july at BRICS summit in Brazil the leaders of five emerging countries agree to create a new currency fund and development bank.The reserve fund will be 100 billion $ and bank 50 billion $.

In the couples of years among BRICS countries are born some frustration especial for CHINA who don't agree the presence of participation on World Bank and International Monetary Fund.

The economic growth of BRICS countries are projected to be 5,37 % this year.Brazil and Russia will grow 1,3 % and 0,5% this year.

The Brics fund will have an initial start up capital of 50 billion $ financed equal by the five countries and a capacity to lend 3,4 billion $ this year but is still far away by World Bank and International Monetary Fund which will lend 61 billion $ this year.

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DOES EURO WILL CONTINUE THE DOWN PREASURE?

Hi everybody this week is nearly to end.The euro currency continued his downtrend amplified by the importants economic indicators who seems to back up Euro area in recenssion again( will see if euro area has returned back into recession.Industrial production in euro area decreased by 1,1 % in may 2014 compared with  april 2014,but compared with may 2013 increased with 0,5

The ZEW of Economic Sentiment of Germany also decreased in july 2014 by2,7 points and now stands at 27,1 points which is much below economists forecasts at 28,9 for july.The Euro area inflation is at 0,5 % much below ECB targets.Uncomfortable level for ECB's officials which it seems they are ready to add new measures to combat low inflation.

Euro area reported a trade surplus in goods 15,4 billion euro in may 2014,compared with may 2013 which was 14,6 billion.In may 2014 seasonally adjusted exports rose by 0,6% and imports rose by 0,5 % compared with aprile 2013.

The current account also reported a surplus of 19,5 billion in may 2014.At the end of firs quarter of 2014 the net liabilities recorded at 1,2 trillion aproximately of 12% GDP of Euro area.The level of liabilities increased with 24 billion compared with the end of 2013.

                                                        Technical analysis

The euro currency reached at the end of last week at 1,3523 important level we could to say.Is important to see if the euro will continue his down.If the price find support at 1,35 we can enter  with buy orders.On h4 chart the price  has maked a bullish hide divergente(MACD indicator show this) with potential target profit 1,3590 up to line resistance.

For those who bearish views we can enter with short orders when the price through from 1,35 with confirmation.More important is to see if the price will broke weekly support area an important level which could make us an important view over the evolution of euro fore the next period.

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