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Message: <blockquote data-quote="LF.Anastasia" data-source="post: 8178193" data-attributes="member: 84271">CHF: Swiss Franc started to grow again, signals are ambiguousAt the Forex currency market Swiss Franc rate continues to grow on Monday.Forex forecast: MACD indicator is in the negative area for the pair USD/CHF and continues to descend, which confirms a previous sell signal for the pair. Stochastic Oscillator is giving a pair buy signal, being in the neutral zone.Forex recommendations: off the market.Feasible event scenario at Forex: in case of breakdown at the level of 0.9618 the pair will go to 0.9635 and 0.9650. In case of breakdown at the level of 0.9560, traders’ targets will become the levels of 0.9530 and 0.9500.It became known last week that monetary aggregate M3 in Switzerland rose by 6.4% y/y in November; M3 growth amounted to 6.3% y/y in October. The index includes amount of all currency and liquid funds, available to public.The situation in Swiss economy remains unchanged in the pre-New Year week.At the meeting of the Swiss National Bank which was held earlier. It was decided to maintain three -month rate Libor in the previous target range of 0-0.75, as expected by the market. Index was revised in March 2009 last time when it was reduced by 0.25%. According to KOF estimates (Swiss institute of research on economic cycles) Swiss Franc will retain the status of a protective asset and a refuge as long as the period of tension will be maintained in Europe.KOF has also revised its forecast for GDP growth upward in 2011; is it projected that Swiss economy will increase by 1.9% in 2011 against the previous forecast of 1.8%. In 1012 national economy is expected to rise by 2%.We would also remind that debates have intensified at the market in regards to how soon the SNB will start currency intervention, because high rate of Swiss Franc seriously obstructs country’s economic recovery. <img src="http://www.liteforex.org/images/imgs/CHF(321).jpg" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></blockquote>

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