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At the Forex currency market Swiss Franc rate continues to grow on Friday, it has been the forth full-grown session of the rise in CHF, a mid positive external background.

Forex forecast: MACD indicator for the pair USD/CHF is in the positive area, it declines, while volumes are decreasing, and is giving a sell signal. Stochastic Oscillator continues to goes down in the oversold zone and is giving a similar signal.

Forex recommendations: in case of breakdown at 0.9300, USD/CHF will go to 0.9290 and 0.9280. A chance is high that the pair will consolidate at the current levels.

Meanwhile, interest in Franc is still at the high level. Probably, the fact that SNB does not have full-fledged governor also matters.

We would remind that the head of Swiss National Bank Phillip Hildebrand resigned last week. The name of successor is still unknown and it is also not clear if new governor of the Bank will adhere to the same policy as his colleague in monetary issues. Swiss government noted that search for the candidate for SNB governor will take several months.

Three-month Libor rate was lef tin 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. 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.

Ax week ago Swiss authorities said that government does not have tools for direct influence on SNB. Representatives of the Finance Ministry of the country stated that politician shave no ground to doubt the Bank's strategies; however the issue with Hildebrand requires special consideration. Ministry also stressed that new head of SNB will be appointed only after further discussion.

The data showed in the middle of the week that investor economic expectations index ZEW was at the level of -50.1 points in January against -72points a month before that. This is a positive signal indicating some stability in the country.

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