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At the Forex currency market Swiss Franc rate remains weak on Thursday following sales last night, when investors once again got worried about hazy economic prospects in Eurozone.

Forex forecast: MACD indicator for the pair USD/CHF is in the positive area and is going down slowly, giving a weak sell signal, volume sare increasing. Stochastic Oscillator has come into overbought zone andmaintains a buy signal.

Forex recommendations: in case of breakdown at the level of 0.9430, the pair USD/CHF will go to 0.9440 and 0.9460. There isa high chance that the pair will consolidate at the current levels.

Macro-economic situation in the country remains stable.

According to observers from Wells Fargo,economic indexes in Switzerland demonstrated slowdown all the year round and there are many indications showing that the weakness will continue for the nextsix months. According to them, domestic demand is also getting lower which is anegative sign. As for the rate, it is most likely that SNB will adhere to thezero level, due to soft inflation.

Three-month Libor rate was left in the range of 0-0.25%, closer to zero; the Bank did not change pegging level of Franc to Euro, maintaining the actual level of 1.20. In the follow up comments the headof SNB Mr. Hildebrand stressed that the regulator will continue to maintain the target rate of CHF, with the help of purchases of foreign currency in unlimited quantities and additional package of measures if situation requires. SNB isready to maintain high level of liquidity, as inflation growth is not expected.In general, economy of the country depends a lot on the European crisis. Apparently,SNB has adopted attitude of an onlooker, keeping in place existing managementtools, being pretty confident that they always have time to start intervention.

Swiss National Bank noted earlier that the regulator is prepared to take additional measures if situation at Forex deteriorates. According to SNB, strong Franc creates extra problems for the economy and the issue of negative interest rates and control over the capital movement is being thoroughly scrutinized in the Bank. 

GDP in Switzerland will amount to 1.5%-2.0% this year;main growth will be attributed to the results of the first part of the year.SNB noted in the comments that if stringent monetary measures had not been taken the economy would have slipped to a recession. SNB expects that inflation will be at the level of 0.4% in 2011 and at the level of 0.3% next year.

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