Fed considers cancelling new accommodation as economy improves

Note: This section contains information in English only.
Source: Bloomberg
Federal Reserve board claim the recovering US economy reduces the urgency for additional stimulus. FOMC explained the new accommodation may be implemented only in case if economy slows sharply. Fed also reiterated it still plans to keep its key interest rate close to zero by the end of 2014. US stock indices declined on the news.
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Wed, 04 Apr 2012 06:22:22 GMT

UK construction PMI climbed in March

The gauge measuring British construction activity through a number of new orders unexpectedly surged in March, stimulating hopes UK has avoided recession. Construction PMI soared from 54.3 in February to 56.7 in previous month, the sharpest growth in almost two years. Analysts had predicted the reading to decline to 53.6. 

Tue, 03 Apr 2012 18:06:16 GMT

Emerging patterns: USD/CHF 1H Chart: Falling Wedge

USD/CHF bounced off the resistance level at 0.9003 and formed a falling wedge pattern on the 1H chart. The formation has 72% quality along with 53% magnitude within 125 bars.Greenback has been depreciating against Swiss Franc during last two weeks, and decreased to  0.9038.  The price was capped twice at 0.9092, then at 0.9071, and dropped to the resistance around

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