Thursday, May 7, 2009

UniCredit still on the bull euro / franc

According to analysts of UniCredit, the stubborn unwillingness of the euro / franc move much above the level of 1.51 is counter to the recent comments of the National Bank of the Swiss company, which on Wednesday announced that the bank intends to fight the growth rate franc, prevents stabilization of the economy and increase the risk of deflation . According to UniCredit, rollback above 1.52 - it is only a matter of time. The Bank adheres to bovine prognosis for this pair. However, now Euro / pound traded at 1.5120. Dealers noted the expiry of the option of 1.5150. This point will attract traders as we approach the New York session. It was expected that banks and model funds will buy at the opening.

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