Forex News – Swiss franc weakens after decline in consumer prices
The Swiss franc fell sharply against both the dollar and the euro after data showed Swiss consumer prices fell in November. This will fuel speculation that the Swiss National Bank may raise the current 1.20 franc peg against the euro, which it had set on September 6 in an effort to curb franc strength.
EURCHF surged to a session high of 1.2417 from 1.2356 before the news. USDCHF rose to 0.9295 from 0.9228.
Switzerland’s CPI index fell 0.2 percent in November from a decline of 0.1 percent in October. Expectations were for 0.1 percent growth.
On an annual basis consumer prices fell 0.5 percent from a year earlier after falling an annual 0.1 percent in October.
The results will most probably add pressure on the Swiss central bank to raise its franc ceiling to protect the economy.
Swiss consumer prices may continue to fall as the economic slowdown deepens and the franc’s strength lowers prices of imported goods. Economists at UBS AG and Goldman Sachs Group Inc. have forecast the SNB to raise its franc cap of 1.20 versus the euro, when policy makers meet on December 15.
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12-06-2011, 11:46 AM #1021
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12-06-2011, 11:59 AM #1022
yes,, now Indonesia in the first position.. you can check it http://www.fbs.com/contest/999/participants
there's so many great trader interested with this contest, I hope he become the winner..
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12-06-2011, 12:02 PM #1023
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- Oct 2010
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Current update of Demo 999 Contest. Indonesian trader leading!!!
So the leader so far is a contestant from Indonesia, account number 210807 (balance: 253031.72 USD), 2nd place is taken by a contestant from China, account number 210784 (balance: 55892.79 USD) and in the 3rd place there is a contestant from Turkmenistan, account number 208085 (balance: 160854.39 USD).
Account#210807
Position: 1st
Country: Indonesia
Balance: 253031.72 USD
Account#210784
Position: 2nd
Country: China
Balance: 172362.40 USD
Account#208085
Position: 3rd
Country: Turkmenistan
Balance: 160854.39 USD
Check other contestants ranking Go to the scoreboard: http://www.fbs.com/contest/999/participants?type=curSincerely yours,U Malik
Official representative
Contacts: https://www.SahibExchange.com/contact-us.php
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12-06-2011, 12:25 PM #1024
a Downgrade of Eurozone Members Would Inevitably Increase the Cost of Funding
-Markets have been breathing down the eurozone's neck for a number of months and S&P is now officially threatening to dilute its creditworthiness because of the worsening economic and market environment.
-That could raise questions over the credit profile of the EFSF and ESM. The funding capability of both mechanisms is based on the AAA ratings of Germany and France.
-A downgrade would inevitably increase the cost of funding, the scale of contingent liabilities and would send a negative signal to overseas investors like Japan, who have already trimmed their purchases of EFSF debt.
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12-06-2011, 04:20 PM #1025
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FBS Green Drive Contest Winner !!!
FBS Green Drive Contest Winner !!!
Dear friends!
On the 11th of November “ FBS Green Drive” contest was completed. The happy trader who won the super prize from FBS is Andrey Pak from Russia. As a result of his successful trading the contestant won a luxurious car from FBS: Audi A4.
Award ceremony took place in Saint Petersburg. During the grand event we presented Andrey the keys of his new luxurious car and asked him to share his impressions with us.
FBS team prepared video interview with the winner sharing his feelings and secrets of successful trading with FBS. Watch and enjoy!
FBS team sincerely congratulates the winner and wishes him continued success!
Take part in contests by FBS! Don’t miss a chance to win!
FBS wishes you Finance,Freedom and Success in trading!
(Best mini Forex Broker of 2010 - 2011)
Stay connected with FBS because its all about you!
Sincerely yours,U Malik
Official representative
Contacts: https://www.SahibExchange.com/contact-us.php
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12-06-2011, 04:21 PM #1026
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12-06-2011, 05:01 PM #1027
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12-07-2011, 02:43 AM #1028
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Indonesian trader seems dominate the contest till this morning,
lets hope indonesian trader can win the contest this time...
Go go Indonesia
http://www.fbs.com/contest/999/participants
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12-07-2011, 04:58 AM #1029
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12-07-2011, 04:59 AM #1030
- Join Date
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- 14