Swiss PPI
March 15, 2010 by John Teister · Leave a Comment
Swiss PPI for February came in at -0.3%; worse than it’s forecast of 0.2% and prior reading of 0.3%. The market showed a very limited reaction to the release.
Swissie strengthens on intervention rumors
March 10, 2010 by Vincent Facchino · Leave a Comment
The Chf has strengthened versus the Usd and Eur as intervention rumors swirl about the market. BIS spokeswoman Critchlow shot down rumors by stating she was “not aware” of any franc intervention.
Usd/Chf and Eur/Chf have made new session lows since the statement by Critchlow at 1.0736 and 1.4610 respectively. Eur/Chf has recouped about 10 points from earlier low as Usd/Chf continues to look offered, possibly on recent Usd weakness.
CHF CPI
March 9, 2010 by John Teister · Leave a Comment
CPI m/m did not meet its forecast of 0.2%, coming in at 0.1%, but still surpassed its prior reading of -0.1%.
Swiss Retail Sales y/y
March 8, 2010 by John Teister · Leave a Comment
The CHF broke through the 1.0700 level after the release of better than expected Swiss retail sales which read 4.4% for January; the survey was 2.4% and the last reading was 4.7%.
Swiss Unemployment
March 8, 2010 by John Teister · Leave a Comment
The CHF pairs showed a limited reaction to the Swiss unemployment rate, which came in at 4.1%; in line with both it’s forecast and prior release.
Swiss GDP
March 2, 2010 by Vincent Facchino · Leave a Comment
Swiss GDP q/q came in at 0.7%, stronger than the 0.4% expected and the 0.5% prior reading.
Strong number for the Swiss economy, however not the reaction you might think in the currency markets as Euro and GBP weakness is still the focus of most traders. Chf just running in place against the majors.
Eur/Chf currently trades at 1.4635 and Usd/Chf at 1.0820.
Swiss SVME PMI
March 1, 2010 by Vincent Facchino · Leave a Comment
Swiss SVME PMI came in at 57.4, stronger than the 56.5 expected and 56.0 prior reading.
This should be a positive number for the CHF currency. Eur/Chf currently trades at 1.4640 and Usd/Chf at 1.0748.
Eurozone Consumer Confidence
February 25, 2010 by John Teister · Leave a Comment
Euro zone consumer confidence was -17; in line with it’s forecast, but was still worse than the prior reading of -16.
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