Market Leader informed
Switzerland can sleep soundly despite the fact that most of its neighbors are concerned about the existing sovereign debts. The Economiesuisse (a Swiss corporate union) and the Chamber-of-Commerce representative of a Neuchâtel canton report that nothing threatens the Swiss economy due to the sound fiscal competition, which raises disputes in the parliaments of numerous cantons and is criticized by socialists.
The main conclusion made at the meeting of the Economiesuisse and the Chamber of Commerce is that preserving the sovereignty of cantons in terms of tax policies will lead to prosperity in the future.
In the meantime at Forex USDCHF continues its uptrend in the form of wave C on D1 within the framework of retracement against the bearish wave of Monthly level (1.1730-0.9461).
Experts from the department of studying Masterforex-V trading system suppose that the bullish movement of the currency pair will hold true until the price gets over the defensive MF pivot at 0.9848 and comes out of the MF sloping channel, which will terminate the bullish wave started at 0.9554 while the price will start forming a new MF reference point.
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