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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Orbit, a major player in the international Forex industry, proves that it is a client-oriented company once again This time the Forex company gives all of its client an unprecedented chances to enjoy increased performance (especially for the fans of automated Forex trading using trading robots) by making use of the company’s free VPS.
According to Want China Times, China is planning to make the U.S. Dollar crash in the near future. Most probably, Russia is going to assist China in manifesting this plan. The key fact supporting the supposition is the 30 000 tons of gold accumulated by China. At the same time, Russia is said to be heavily being gold as well. This is definitely not a coincidence. Maybe the collision is indeed underway or maybe Russia and China just want to secure themselves against another major crisis which is just a matter of time.
According to the recent report released by the IFO (Germany), the German IFO index of business confidence declined from the previous value of 108.6 points (seen in April) down to latest reading of 108.5 points, Market Leader reports.
The Bank of England has recently published its MPC meeting minutes. Despite the unanimous decisions made by the committee. some of the MPC members are already eager to consider tougher monetary policies for the Britsh central banks.
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As the financial crisis around the globe is building up again, more and more people have to lower their standards of living. People are desperately seeking extra sources of income. Most of them give up since they lack knowledge and expertise in looking for decent investments. Still, there are people who eventually find what they look for. I mean they eventually come to online investments. Investing in those who trade Forex professionally has become one of the best ways to generate truly stellar profits within a relatively short period of time.
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Not so long ago, Russia hosted another major Forex event known as MOSCOW FOREX EXPO 2015. A lot of experts from around the globe left positive feedback regarding every single aspect of this exciting show. Indeed, this was an exciting event, Richard perry says. By the way, Richard Perry, is the leading expert in financial market for Hantec Markets. He was an active participant of this event.