Gold posted steep declines on Friday (26 Feb.), falling as upbeat data from the US renewed optimism over the strength of the country’s economy and raised concerns that the Federal Reserve might return on the path of raising interest rates in 2016, driving the Dollar much higher.
Switzerland’s economy unexpectedly accelerated, while exports showed signs of resilience in 2015, despite a strong Swiss Franc, migrant crisis and adverse external environment undermined the country’s performance. The Swiss economy expanded 0.4% in the fourth quarter of 2015, supported by consumption expenditure from private households and the public sector, according to the State Secretariat for Economic Affairs.
Dukascopy Bank is a Swiss innovative online bank providing Internet based and mobile trading services (with focus on foreign exchange, bullion and binaries), banking and other financial services through innovative proprietary technological solutions.
The company has been founded on 2 November 2004 in Geneva, Switzerland where it has its headquarters.
Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer.
Dukascopy Bank provides online and mobile trading services through the SWFX – Swiss FX Marketplace and online banking services.
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