KOF Institute released its report on Switzerland in August. Economists say the growth of the Swiss economy to strengthen against the background of the economic recovery in the eurozone.
The value of the index of leading indicators rose by 0.11, reaching a value of 1.36, and exceeded the value of the index in November 2012. This is slightly higher than economists' expectations for the level of 1.29.
Researchers expect positive GDP dynamics and do not exclude some acceleration of growth indicator. Considerable influence on the prognosis have expectations euro zone GDP growth - strategic export partner of Switzerland. Expert opinion KOF economists share the SNB. According to the SNB board member Fritz Tsurbryugga, the euro zone economic growth should strengthen the position of the euro against the Swiss franc.
Talking about the growth of GDP, it is worth noting that the growth of the Swiss economy outpacing the eurozone economy, which is beginning to show signs of recovery after a six-month decline.
Franc is showing signs of complete long-term trend to strengthen. USD/CHF has strengthened in the "bull " wave A/B, the level of which reached H12, experts of Masterforex-V Academy. The current wave is over the breakdown of the sloping channel MF and MF pivot 0.9184. Now the pair is in a sub-wave 3/C and the key resistance at further strengthening its act MF pivot 0.9395.
