Tag "swiss"

Swiss Franc starts to claw back ground as investors take a shine to the safe haven currency again

Swiss Franc starts to claw back ground as investors take a shine to the safe haven currency again

The Swiss franc has been one of the poorest performers of all major currencies so far in 2018, losing roughly 5% of value against the Dollar and 3% against Sterling. It does appear though from signs this week that investors and speculators are starting to look at the currency in a more positive light, and we have seen a slight fightback as the week has progressed. Swiss economic data has been ok in recent times and although the general view is that we will not see any movement in interest rates for Switzerland until we see a move from the European Central Bank as they

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Swiss GDP figures confirm economy is in full swing – A good year ahead for the Swiss economy?

Swiss GDP figures confirm economy is in full swing – A good year ahead for the Swiss economy?

GDP figures released today confirmed that the Swiss economy is in full swing once again and it looks like 2018 will be a good one for the Swiss economy and potentially the Swiss Franc too. The Swiss Government have declared an end to the so called “Frankenshock” which happened as the cap on EUR/CHF was lifted three years ago. For quite a period now Swiss exports had suffered due to the Swiss Franc being so strong and a number of Swiss companies had been finding life particularly tough, however it does now appear that the Swiss economy has now come out of the other side

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Swiss economic data coming up next week

Swiss economic data coming up next week

Following a reasonably quiet week so far for the Swiss Franc we have plenty more for investors and speculators alike to get their teeth into next week. On Monday morning we have Employment levels for the final quarter of 2018, any deviation from the previous figure of 4.956M may lead to a volatile start to the week for the Swiss Franc. Wednesday morning brings a trio of economic releases, with UBS consumption figures due out first and foremost,  this is an indicator of private consumption trends and covers numerous components from the retail sector, the figure will confirm performance in January and a positive figure

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Swiss data slightly better than expectations as we near the end of the trading week

Swiss data slightly better than expectations as we near the end of the trading week

This morning saw the release of Swiss PMI (Purchasing Managers Index) data in early morning trading, which gave the Swiss Franc a slight lift against most major currencies. PMI data is a measure of business conditions in the manufacturing sector and any figure above 50 on the measure is seen as a positive. Expectations for the release this morning were for a figure of 64.0, however the actual release came out at 65.3 which is very good news for Swiss business and the Swiss Franc, following on from a period where it hand lost a little ground against some majors. We have very little left

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Swiss franc losing ground against Sterling at a rapid pace Swiss Franc also shown as overvalued in the Big Mac index

Swiss franc losing ground against Sterling at a rapid pace Swiss Franc also shown as overvalued in the Big Mac index

We have recently seen quite a movement for the Swiss Franc against the Pound, mainly down to a wave of positive vibes around brexit and how

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Is the Swiss Franc due to weaken or will it remain firm?

Is the Swiss Franc due to weaken or will it remain firm?

The Swiss Franc has been a fairly strong character in recent years, not only being a well known safer haven for investors but also due to

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Euro gains on Swiss Franc as Swiss National Bank have a decision to make on rate cuts (Daniel Wright)

Euro gains on Swiss Franc as Swiss National Bank have a decision to make on rate cuts (Daniel Wright)

We have seen small gains made by the Euro against the Swiss Franc since the result of the first round of the Presidential elections in France,

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Swiss Franc starts to gain as global fears creep into the market (Daniel Wright)

Swiss Franc starts to gain as global fears creep into the market (Daniel Wright)

The Swiss Franc has made gains against most majors this week as concerns over the referendum in the U.K and a lack of a U.S interest

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Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

The Swiss Franc has been a funny character of late, remaining fairly close to the pivotal point of 1.40 against Sterling and holding ground against most

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“Brexit” Halts any Chance of Sterling Strength (Daniel Johnson)

“Brexit” Halts any Chance of Sterling Strength (Daniel Johnson)

The Pound has tumbled against the majority of major currency pairings today, a main factor in the fall is the news that TaTa Steel is selling

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