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Swiss KOF institute cuts 2009/2010 growth forecasts
The KOF Swiss Economic Institute has slashed it’s growth forecasts for the Swiss economy. The economy is now seen contracting -3.3% in 2009 from previous forecast of -2.4%, and contracting -0.6% in 2010 from previous -0.3%. The insititute warns that “the Swiss economy is in a long...
USDCHF dropped sharply from 1.0785
After breaking below the lower border of the price channel on 4-hour chart, USDCHF dropped sharply from 1.0785, suggesting that a cycle top had...
Swedish FinMin says Latvia deal needed soon
The knock-0n effect of the crisis in Latvia is taking centre stage in Sweden, where the banks are heavily exposed to the Baltic states of Latvia, Lithuania and Estonia. Comments from the Swedish finance minister Anders Borg have again highlighted the impact that it would have in his own country, as...
Forex Technical Analysis for 06/15—06/19 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd...
Monetary Policy Week in Review – 3 March 2012
The past week in monetary policy saw interest rate decisions announced by 6 central banks, with those changing rates including: Tajikistan -80bps...