Leading indicators continue to point to a positive outlook Swiss economy. The value of the index of purchasing managers from SVME and Credit Suisse continued growth in the positive zone.
The July index of purchasing managers, after seasonal adjustment reached 57.4 points. This was the maximum value of the index since May 2011. Value of the index in June was 51.9.
The indicator is calculated based on the data of the survey. Index value above 50 indicates growth trends in the economy.
Franc keeps a medium-term trend on strengthening. The pair USD / CHF forms a "bear" wave A / B level Daily2. And sub-wave (C) or a truncated C is finished, say experts faculty online learning Trading System Masterforex-V. Break of 0.9237 low will continue the current wave. Key support stands at 0.9227 and Fibonacci levels 0.9213, 0.9179/65. Break the MF pivot 0.9331 and downward sloping channel MF complete its current wave.
