USD/CHF: the support level of 0.9940. Trading Recommendations

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 On the background of the main news of the week, raising interest rates in the U.S., other news faded into the background. Meanwhile, as was said yesterday, the expert group of the economic Department of the Swiss government, the situation in the global economy will gradually improve, and the rate of growth of the Swiss economy will accelerate.

So, the expert group predicts that Switzerland's GDP in 2016 will grow by 1.5% in 2017 could grow by about 1.9%, but has lowered expectations of GDP growth in 2015 to 0.8% from 0.9%.

GDP in the 3rd quarter in Switzerland showed zero growth and by 0.2% in the previous quarter.

The consumer price index in 2015 will decrease by 1.1%, in 2016 - by 0.1% and will return to growth only in 2017, an increase of 0.2%.

According to the forecast of the recovery of the Swiss economy will slow. It is hampered by a number of factors, including ... READ MORE 

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