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Forex Flash: SNB could lift the floor in EUR/CHF in H2 2012 – UBS

25.05.12

FXstreet.com (Barcelona) - Last week was to some an interesting one for the Swiss economy, as all indicators but January's UBS-CI have surprised to the upside: KOF -0.12 vs -0.15 expected, annualized GDP in the fourth forgiveness 2011 has grown 1.3% against 0.9% estimated and February's SVME-PMI was up 49.0 from 47.3 in the prior to month. M.Mohi-uddin, Managing Supervisor of Foreign Strategies at UBS, remarked the hardening in the SNB's situation after interim President T.Jordan confirmed the cardinal bank's commitment to defend the peg after stressing that the franc is still 'excessively, massively' overvalued. As a bid consequence, the expert has suggested the investors should investigate the bank's next quarterly meeting, due on Walk 15. Ahead of this week, retail sales and calling data will continue to gauge the haleness of the alpine economy, but most important of all, the CPI figures on Friday will be key in determining the imaginable next steps by the monetary authority. As the analyst concludes, "if the latest CPI readings continues to show deflation worsening then we await the SNB will raise the floor to 1.30 in the following half of the year".

Source: NASDAQ

Forex Flash: GBP/USD rallies could falter in the 1.58/1.59 region – UBS

25.05.12

FXstreet.com (Barcelona) - The pure has displayed a kind of consolidation model in the last week, decoupling from the single currency and losing due 0.25% from Monday to Friday against the 1.86% oust of the euro. The UK economy also posted stronger-than-expected figures, showing that it is alive and stepping back from the decline threshold. The BoE will hold its monetary protocol meeting this week, but in the view of M.Mohi-uddin, Managing Number one of Foreign Strategies at UBS, any move in either the repo classification or the asset purchase programme is almost ruled out, as figured by current comments by the central bank’s billet members, reinforcing the wait-and-see status stated by governor M.King in the last minutes. © 2012 “FXstreet.com. The Forex Peddle” All Rights Reserved. Every striving is made to provide accurate and complete message. However, with the thousands of documents available, often uploaded within sharp deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com delighted is expressly prohibited without the prior written go-ahead of FXstreet.com. Trading foreign the Big Board on margin carries a high straight-shooting of risk and may not be suitable for all investors. The elevated degree of leverage can work against you as well as for you. Before deciding to line of work foreign exchange you should carefully have regard for your investment objectives, level of sense and risk appetite. The possibility exists that you could keep up a loss of some or all of your initial investment and therefore you should not establish money that you cannot afford to lose. You should be in the know of all the risks associated with foreign swop trading and seek advice from an sovereign financial advisor if you have any doubts. Any opinions, information, research, analyses, prices or other poop contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as mixed market commentary and does not constitute investment guidance. FXstreet.com will not accept liability for any disadvantage or damage, including without limitation to, any privation of profit, which may arise directly or indirectly from use of or confidence on such information. Trading foreign truck on margin carries a high be honest of risk and may not be suitable for all investors. The prodigal degree of leverage can work against you as well as for you. Before deciding to business foreign exchange you should carefully consideration your investment objectives, level of familiarity and risk appetite. The possibility exists that you could keep alive a loss of some or all of your initial investment and therefore you should not seat money that you cannot afford to lose. You should be hip of all the risks associated with foreign trade trading and seek advice from an unconnected financial advisor if you have any doubts. Opinions expressed at FXstreet.com are those of the idiosyncratic authors and do not necessarily represent the impression of FXstreet.com or its management. FXstreet.com has not verified the correctness or basis-in-fact of any claim or declaration made by any independent author: errors and Omissions may transpire.Any opinions, news, research, analyses, prices or other communication contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as prevailing market commentary and does not constitute investment par. FXstreet.com will not accept liability for any wastage or damage, including without limitation to, any bereavement of profit, which may arise directly or indirectly from use of or confidence on such information.

Source: FXstreet.com