Fundamental Analysis
S&P Downgrades US Growth Forecast ; RBNZ Increases New Zealand Growth Forecast!
Standard & Poor's credit ratings agency has lowered its U.S. growth forecast warning of "significant downside risks" from federal spending cuts.
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Technical Analysis
USDCHF Breached the Long Term Weekly Chart! Sell in Sight
Today we are going to take a look at USDCHF known as the Swissy. The pair is widely known to be a safety trade and is closely linked to the prices of EURUSD (although inversely related, meaning as EURUSD goes up, USDCHF goes down). As we can see from the weekly chart prices have broke down the lows of the consolidation phase that started way back in September 2011.
To read the full trading recommendation, please click this link: http://metisetrade.com/
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