USDCHF: how will tax hikes affect Swiss Franc currency rate?

Market Leader informed

The Swiss government is going to increase tax incomes through raising transport fares in order to support the Swiss transport infrastructure.

The DETEC (Swiss Department of Transport) supports the government, saying that the allocated funds to maintain the transport sector are not enough.

The mentioned factor may cause the national currency (Swiss Franc) to decline in value.

The Department of studying Masterforex-V trading system notes that the mid-term sentiment of USDCHF is bearish. The price is currently finishing the formation of a 5-wave pattern а(С)/Сн4 started from the reference point of wave Вн8. If the strong resistance level (MF pivot) is broken trough with forming an upward fractal-zigzag reversal (FZR), the currency pair will initiate a full-grown correction against the bearish wave а(С)/Сн4. If the resistance level stays untouched and the price breaks through the base of the wave, the wave level will be increased through “the Hound of the Baskervilles by MF”.  Consequently, the price will initiate a downward wave с(С)н4.

S&P500: investors take profit. What will be the price?

Market Leader informed

Despite the fact that last week the S&P500 futures updated another high of the year the trading week ended with retracement as the resistance level at 1.300 turned out to be too strong.

Chinese President says the Era of Dollar is over.

Market Leader informed

In advance of the official visit of the Chinese President Hu Jintao to the US, scheduled for Jan 19th 2011, the US performed a massive info assault on China in terms of criticizing the Chinese monetary policy.

The main newsmaker appeared to be Timothy Geithner, Secretary of the US Treasury. Not long ago he blamed Beijing for its rejection to accelerate the revaluation of the Chinese Yuan. The undervalued Chinese currency, he says, is the main reason for the bilateral trade imbalance and growing inflation in China. American experts consider the unwillingness of China to revalue its national currency as the main barrier restraining the global economy from recovering from the crisis. Mr. Geithner’s speech arose numerous comments around the world (read the article called “Will the Chinese Yuan win the trade war?”).

UN warns about 2nd wave of European crisis. Was George Soros right?

Market Leader informed

The EU countries – France, Italy, Germany, Romania, Estonia and others – welcomed the World Bank’s report called “World Economic Situation and Prospects 2011”, predicting a stable (but less active than in 2010) growth of the global economy at the level of 3.3%.

Against the optimistic report made by the WB, the UNCTAD expressed serious concerns over the future situation in Europe in 2011, being afraid of a new cycle of the EU economic crisis. If it happens the crisis will affect other countries all around the world. 

 

What does the UNCTAD forecast in its report?

 Masterforex-V Academy experts note that the UNCTAD report called “World Economic Situation and Prospects 2011” contains the following info: