empty
 
 
20.10.2015 10:47 AM
Global macro overview for 20/10/2015

Global macro overview for 20/10/2015:

Will the Swiss National Bank sell the franc again in case the ECB expands the QE program in the near future? The Bloomberg monthly poll revealed that 63% of the analyst wee seeing further SNB interventions if the currency battle intensified and 42% suggested another deposit rate cut soon. ECB President Mario Draghi already said he was ready for more actions if necessary, especially if the inflation levels were stubbornly weak and global demand slowed even further. The current ECB bond-buying program is 1.1 trillion euros.

The EUR/CHF pair is currently trading at important daily support at the level of 1.0816 and it is still above the golden trend line. The next support is seen at the level of 1.0707.

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback