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Foreign exchange market

Franc Rate: Swiss Bank will Protect the Rate at 1.20 Francs per Euro


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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FBS Launches Auto Cup Promo!

 

FBS can be considered one of such young but promising Forex broker that are always focused on the client. Being an international broking company rendering world-class investment and trading services to retail traders and investors from all around the globe, FBS positions itself as an STP and ECN broker, FBS is actually capable of providing its clients with an impressively wide range of financial products and services within the framework of a truly competitive environment.

Publication date: 30 October 09:53 AM

TurboForex Offers Forex Traders Trade on Stocks of “Blown up” Exchange

 

Today, at the time of raging inflation and devaluation at hurricane growth of prices practically for all goods, products, and services, and salary remaining at the same level, many people get considerable profits, independent from outer economic and political factors.
 
Publication date: 29 October 06:43 PM

Forex: Dollar Goes Down As Investors Wait For FOMC Meeting Results

 

Today, on October 29th, the US Dollar is still going down against other currencies, including a currency basket of 6 other majors. Since the beginning of today’s trading session, the USD index has already dropped some 0,08%. The decline is taking place as traders and investors are looking forward to the results of the Fed’s FOMC meeting, which is to end today.

Publication date: 29 October 05:11 AM

“Panteon-Finance” PAMM Funds Bring Forex Investors Over 137% Annual Profit

 

Forex Market provides numerous variants of getting stable and high profits. Most of them are connected with direct currency trade, which implies certain knowledge and skills of a trader. However, there are opportunities of getting passive profits. For example, by means of investment in popular PAMM services.
Publication date: 28 October 07:07 PM

USD Index Trading Close To 85,55 While We Wait For FOMC Meeting

 

Today, on October 28th, the US Dollar index is trading almost at the same level it started the trading day from – 85,55. Investors are probably unwilling to open new trades in advance of the FOMC meeting. They want more clarity from the Fed regarding the central bank’s QE3 tapering decision along with some other major events scheduled for the week.

Publication date: 28 October 07:44 AM

Forex. USDJPY: Dollar Consolidates Close to 107,8 Against Yen

 

Today, on October 28th, the USDJPY exchange rate keeps on trading inside a narrow price range. The price is consolidating close to 107,8 as traders and investors are looking forward to the Fed and BOJ meetings.

Publication date: 28 October 06:24 AM

Forex: EURUSD

 

25 banks of the Eurozone failed the stress tests implemented by the European Central Bank. The tests were aimed at checking the banks’ financial stability and resilience in case another major crisis breaks out. According to the ECB’s report made on Sunday, the total shortage of capital was amounted to 24,62bn euros, which is currently equivalent to 31,17bn dollars.

Publication date: 27 October 07:40 AM

PAMM Indices by Forex Trend: Some 160% ROI In 2 Years

While emerging economies worldwide are facing severe inflation coupled with devaluing national currencies on top of other economic and financial challenges. More people, including retail investors, go desperate since they do not see the way to insure their savings and earnings against inflation and volatile markets, so they do not even dream of getting a decent return on their investment. This defensive mode is quite understandable since people are looking for safe-haven assets while being afraid of future economic shocks, including higher inflation.

Publication date: 27 October 07:36 AM

FBS Gives Away iPhone 6 Devices

There is no doubt that in order to stay among the industry's best amid severe competition, broking companies just have to constantly come up with revolutionary solutions and innovative ideas, not to mention constantly improving services as well as nearly perfect trading conditions. They just have no other choice but to turn client-oriented in order to stay afloat.

Publication date: 27 October 06:45 AM

EURUSD: Euro Gains Value Dollar After ECB’s Stress Tests

 

25 banks of the Eurozone failed the stress tests implemented by the European Central Bank. The tests were aimed at checking the banks’ financial stability and resilience in case another major crisis breaks out. According to the ECB’s report made on Sunday, the total shortage of capital was amounted to 24,62bn euros, which is currently equivalent to 31,17bn dollars.

Publication date: 27 October 06:35 AM