The level of economic expectations deteriorated sharply in Switzerland. Economists expect the recession in the Swiss economy in the current year.
The report showed a decrease in the index of investors' expectations in February to -73.0 points. The fall looks dramatically against the backdrop of the January value - 10.8 points. The reporters noted that the February drop in the index is the minimum in all time observation history.
"The expectations of financial analysts and investors have deteriorated dramatically after the Swiss central bank refused to curb the growth of the franc," - Nord FX reporters said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
At the same time, it should be noted that data from ZEW, the largest partner of Switzerland, on Germany differ markedly from those on the Swiss. The data show an increase the fourth month in a row.
Franc medium-term trend continues to weaken against the U.S. dollar. "USDCHF has increased to the upward wave A / B level, reaching Daily", - Masterforex-V experts say. On Feb. 24, 2015 the pair is in sub-wave a (C) / C and testing the resistance at 0.9524 Fibonacci.
