According to WealthBriefingAsia, some private investors a moving their assets from Switzerland to Singapore as Asia starts dominating Europe.
Most experts are sure that this is caused by the prolonged eurozone crisis. 25% of the representatives of the consulting and banking community have already decided to switch to Singapore.
FOREX.
According to the Department of Masterforex-V trading System, has finished an upswing – wave A of Weekly – and is currently retracing (has just reached the 50% Fibonacci retracement level). A breakout of the range will clarify the situation. Once the top of the range is overcome, the price will form a bullish FZR of Weekly, thus reversing the long-term downtrend. If the price breaks below the bottom of the range, it will form a bearish FZR of Daily, thus continuing the downtrend.
