country flagالعربية

Swiss consumer confidence fell in April and the franc is performing mixed against major currencies

2018-05-02 07:24 am | Resource: NEWS | No Views : 311

Swiss consumer confidence fell in April, according to survey data from the State Secretariat for Economic Affairs on Wednesday, as the consumer confidence index fell to 2 in April from 5 in January. The ratio was expected to drop slightly to 4 in April.

Expectations for future economic growth were generally less rosy than they were in January. The index came in at 14 versus 32 in January, and consumers remained optimistic about the direction of the labor market. The unemployment sub-index was 28 points from 26 in the January poll.

The sub-index was based on consumer expectations about the financial position of their own households at 0 points versus -2 by quarter.

Although the mood has not shown any improvement in recent surveys, consumers remain confident that the economy and labor market will achieve a clear positive trend over the next 12 months, CSI said.

The franc saw mixed trading against major currencies. While the franc fell against the euro and the pound, rose against the yen and the dollar.

The franc was 0.9948 against the US dollar, 110.43 against the yen, 1.1955 against the euro and 1.3554 against the pound until 3:10 am ET

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.