{"id":15046,"date":"2010-11-06T09:45:43","date_gmt":"2010-11-06T13:45:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15046"},"modified":"2010-11-06T09:45:43","modified_gmt":"2010-11-06T13:45:43","slug":"the-swiss-national-bank-doesnt-deny-the-possibility-of-currency-interventions","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/06\/the-swiss-national-bank-doesnt-deny-the-possibility-of-currency-interventions\/","title":{"rendered":"The Swiss National Bank doesn\u2019t deny the possibility of currency interventions"},"content":{"rendered":"

\"SNB\"<\/p>\n

Mr Jean-Pierre Danthine, Member of the Governing Board of the Swiss National Bank doesn\u2019t deny the possibility of implementing a series of currency interventions aimed at restraining the growth of the Swiss Franc.<\/p>\n

Yesterday he announced it during his speech in Geneva. But such steps will be taken only if there are high risks of deflation under the slowdown of the Swiss economic growth. At the same time Danthine notes that the Swiss National Bank hasn\u2019t noticed any deflation processes in Switzerland so far.\u00a0According to the inflation forecasts, the prices will remain intact over the next few quarters.<\/p>\n

In its turn the Swiss Franc currency rate keeps rapidly growing and is going to update its high. The USDCHF chart indicates the formation of the strong bearish wave, which still may be wave B of level D1. The breakout of the MF Sloping Channel will give rise to the formation of either wave B on D1 in favor of the CHF strengthening or wave a(C ), indicating the weakening of the Swiss national currency.<\/p>\n

News expected for today (GMT):<\/strong>
\n15:30 USD Change in Non-farm Payrolls<\/strong>
\n15:30 USD Unemployment Rate
\n18:00 USD Fed’s Ben Bernanke speaks
\n\"chart\"<\/p>\n

Support\/Resistance levels:<\/strong><\/p>\n

0.9763 – 50%
\n0.9713 – 38.2%
\n0.9652 – 23.6%
\n0.9571 \u2013 <\/strong>the current price<\/strong>
\n0.9545 – 200%
\n0.9522 – 88.2%
\n0.9464 – 238.2% + D1 base<\/p>\n

You are free to discuss this article here: \u00a0 forum for traders and investors<\/a><\/strong><\/p>\n

Text:\u00a0Ivan Zhigalov, an expert of the Department of studying Masterforex-V trading system<\/em> <\/strong>
\n <\/strong>
\nGot a question? \u2013 Ask it here\u00a0\u00bb<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Mr Jean-Pierre Danthine, Member of the Governing Board of the Swiss National Bank doesn\u2019t deny the possibility of implementing a series of currency interventions aimed at restraining the growth of the Swiss Franc.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15046","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15046"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15046\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}