According to analysts of the Forex Broker Company Traders Union, the main event of yesterday's trading day was, of course, the introduction of the Central Bank of Switzerland negative key interest rates on deposits of commercial financial institutions in the amount of -0.25%.
It should be noted that experts have repeatedly predicted such action by the regulator in response to falling euro / franc below the 1.2000, which defends the National Bank. As a result, their expectations were correct, the SNB and thus be able to "protect" this course not only through foreign exchange intervention. Against the background of these events EUR / CHF jumped to 1.2096 zone, but later experienced the pressure fell to 1.2035.
USD / CHF rose after the Euro / Franc
The euro / franc entailed up, which makes sense, the dollar / franc. As a result, the last pair tested the 0.9847 level. Reducing the American currency franc "pulled", in turn, the euro / dollar, which tested support at 1.2261, experts Forex. However, the pound / dollar due to the rise of the pound / euro and pound / franc traded with optimistic and could grow to 1.5677. The uniform and the Swiss currency will continue to be under pressure, but an active market on the eve of the Christmas holidays may well fall, so do not look at the breakdown of the maximum in the dollar / franc and a minimum in the euro / dollar.
On December 19, we should expect: The Central Bank of Canada will announce at 16:30 the main indicator of consumer prices in the past month; at the same time in Canada will be published index of consumer prices for the month and in terms of the year, and retail sales for the month.
According to analysts of Traders Union (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/), macroeconomic calendar this day full of events that are of importance only to the Canadian currency. Thus, the acceleration of consumer price inflation in Canada will help the loonie will recover, and its slowing expose Canadian pressure. Traders in general will continue to analyze the statistical data obtained previously, and wait for the new information for the euro area and the United States, who will be able to change the direction of the market. Do not forget about the impact on global currency geopolitical factor, especially that on the agenda of the new sanctions against Moscow.
