Tue, 24 Apr 2012 02:43:00 +0400
Forex news, EURCHF. Despite the low points of EURCHF currency pair, Barclays analysts suppose that the pair will return to growing.
In their opinion, representatives of Swiss National Bank are unlikely to have been pleased by inflation data, and the perspectives of economic development do not seem optimistic, especially taking into consideration debt problems of eurozone. All this provokes investors’ interest to Swiss franc. The necessity of additional stimulation is rising in current economic conditions; therefore, Barclays is expecting EURCHF currency pair to rise to the maximal point of 1.25.
At the same time BBVA analysts expect EURCHF currency pair to seriously check point 1.2. This will become the reason for currency interventions from Swiss National Bank.
CHF is within long-term flat against USD. According to the experts of Masterforex-V Trading System Department, USDCHF currency pair has finished forming bullish wave А/В of Daily2 level. At this point the pair is forming bearish wave А/В of Н16 level with Daily potential. Further decline will be faced by support at Fibonacci points 0.9076, 0.9060, 0.9046, and 0.9030. Breaking sloping channel MF and pivot MF 0.9194 will signal about the end of bearish trend.
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Apparently, minor currency pairs like EUR/RUB and USD/RUB seem to be not so popular among Forex traders. Adding fuel to the fire, on December 17th, Russian brokers suspended all transactions involving the Russian Ruble. This decision was made under the pressure exerted by international Forex brokers and market makers sine they refused to keep on working with the Russian currency. Still, according to competent sources, this is a temporary ban.
Christmas is coming. Everyone seems to get ready for the celebration. It is the time when various companies start making pleasant gifts to their clients and customers. Some Forex brokers are not an exception. They improve trading conditions and offer loyalty bonuses and promos to make their client feel better in advance of Christmas.
The UK authorities are reported to have improved their predictions for the national economic growth in 2014 and 2015. In particular, Market Leader reports that this info was revealed by George Osborne, the UK Minister of Finance. The statement was made within the scope of his speech made in front of the Parliament.
The European Central Bank keeps on seeing its balance sheet shrining. This is confirmed by the monthly reports released by the central bank. The ECB governors keep on retreating the necessity and determination of expanding the bank’s balance. However, the ways and means as well as the terms are not specified, Market Leader reports.
At this point, Japan lacks highly-skilled labor power amid such problems as the aging and contraction of the Japanese nation. the local authorities are desperately trying do resolve the problem by attracting more of foreign skilled labor power. Still, this is currently happening amid the fact the Japanese Yen is currently devaluing pretty fast, which certainly distracts foreign workers, Market Leader reports.
The housing prices in the UK are reported to have dropped in November 2014, according to the RICS research conducted recently. Amid the slowdown, the experts predict that the tax reform is going to end up with higher sales in the UK housing market. The expected increase is somewhere between 2% and 5%.
More often than not, when chasing quick profits, we cannot see that the way to big success is somewhere nearby. When following the crowd, we fall into the same traps and make the same mistakes most people do, thereby falling prey to wishful thinking. At the same time the contrarian minority of smart traders and investors are capable of repeating their success time and time again.
Most Forex companies operating in the contemporary trading industry offer various bonuses and promos to show their loyalty to clients. As a matter of fact, these projects are of short-term nature and subject to rather tough terms and conditions. More often than not, those bonuses need a lot of time and effort to clear, not to mention other limitations regarding withdrawal etc.