Forex Analytics from LiteForex of 11.11.10: CHF: Swiss Franc continues to regain from losses, prospects nevertheless are obscure

At the Forex currency market on Thursday Swiss Franc rate is going up slightly, following external background, however technical signals are
ambiguous.

Forex forecast: MACD indicator is in the positive area for the pair USD/CHF and it goes up, confirming a previous buy signal for the pair. Stochastic
Oscillator is giving a pair sell signal, being in the neutral zone.

Forex recommendations: off the market. Feasible event scenario at Forex: in case of breakdown at the level of 0.9750 the pair will go to 0.9820 and further to 0.9880. If the level of 0.9680 is exceeded, traders' targets will be the levels of 0.9640 and 0.9580.

It became known earlier that consumer confidence level has dropped dramatically to the level of 7 against the previous level of 16. It seems
that investors' sentiments are under pressure due to the uncertainty in the employment sector in Switzerland. Uncertainty in the future actions of the
local authorities is also growing amid rather pessimistic indicators.

Representative of Swiss National Bank Mr. Jordan noted not once that prolonged retention of the interest rates at the low level can cause
additional risks for the economy. SNB intends to closely monitor the dynamics of the real estate sector.

Note, that interest rate in Switzerland has remained unchanged for 19 months at the level of 0.25% per annum. The head of the Swiss National Bank
Hildebrand is confident that current level of the interest rate in Switzerland is still acceptable; he pointed however that current situation is ideal for the emergence of risks. We would remind that Dantin noted earlier that crisis in the developing countries has slowed down and almost finished and economies of Japan and the West are recovering however recovery is very unstable. In his opinion estimation of the Swiss GDP for September is justified. Dantin noticed that strong Franc and slow pace of the recovery of the world finance system have a negative impact on Switzerland.

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