Tue, 20 Mar 2012 03:32:00 +0400
Forex news, rate of Swiss franc. Swiss National Bank has defined the fixed rate that may be set for national currency – 1.20 francs per euro. As reported by Bloomberg, the institution recognizes certain signs of stabilization, but there is high threat of deflation.
Analysts expected that the significant level against euro was to be kept. Gross national product unexpectedly rose during the last quarter of 2011, and investors’ trust rose in March. These days the government has raised its expectations about this year’s economic growth. New hopes foresee the 0.8 percent economic growth instead of formerly predicted 0.5 percent.
Central bank has lowered its predictions about inflation in 2014. This year deflation is expected to reach 0.6 percent, and during next two years living standards are expected to rise by 0.3 and 0.6 percent accordingly.
"In short-term perspective inflation will be negative. Last summer the rate of Swiss franc was stronger than expected in relation to pressure on prices. In long-term perspective inflation will be low due to worse perspectives of growth in euro zone and high cost of franc", the Central Bank stated.
As mentioned by Ilya Presler, the head of DFWA Department of Masterforex-V Academy, technically, the situation at forex market is very similar to fluctuations of EURUSD currency pair. Three-wave correctional structure seems finished, but it may go further on Monday. One way or another, strong rising reversal wave is expected:
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The first trading months of the new year is now over and its is time for Market Leader to interview Eugene Olkhovsky (Canada) regarding pro-rebate.com, which is his project dedicated to FX rebates and automatic trading services.
At the end of 2015, Masterforex-V Expo determined the industry’s best companies in 2015. The winners were determined according to open voting as well as over 20 other criteria. Both traders, investors and financial experts participated in the voting as well, including members of Masterforex-V Academy.
Every year, Masterforex-V Expo determines the world’s best Forex broker, which are FX companies offering the best products, services and solutions for profitable FX trading, according to professional traders and investors as well as independent financial experts.
They say that George Soros, the world-famous American billionaire, is waging war on the Chinese Yuan also known as the Renminbi. Well, this is more than a rumor, especially if to take into account the fact that the Chinese Department of Trade is reporting the same thing.
Today, oil prices have resumed the downtrend once again. This is happening amid the same excessive oversupply seen in the global market of crude oil. In particular ICE Brent futures went 15 down to $32,77/b in London after a stunning recovery seen over the past couple od trading days. At the same time, WTI futures went some 1,3% down to $31,87/b.
The U.S. Department of Labor has recently released a report, which says that the amount of jobless claims reached the 6-year high last week. In particular, the amount of jobless Americans applied for unemployment benefits increased by 10 thousand people up to 293 000 people for the first time in many years.
At the time when politicians are busy with economic sanctions and imposing trading embargoes, and officials argue about ways and methods of attracting investment and gaining international markets, leading ІТ enterprises are making certain steps forward, thus creating real perspectives for development in the nearest future. In his new-year greeting the Managing Partner of PrivateFX Group Roman Karaulov has admitted that the new business-structure, which has recently appeared at the market, offers its clients truly innovative approach to investment that opens unseen opportunities before all market participants.