Switzerland’s GDP grew by 0.7% qoq in Q2, exceeding expectations of 0.6% qoq and marking an improvement from Q1’s 0.5% qoq growth. When adjusted for sporting events, GDP still showed solid growth at 0.5% qoq, Read more…
Markets European stocks opened in red, ended in green. German yields added some 3-4 bps, launching the 10-yr yield to the highest level since the August meltdown. And the Japanese yen lagged global peers on Read more…
Swiss CPI was flat mom in August, below expectation of 0.1% mom rise. Core CPI (excluding fresh and seasonal products, energy and fuel) rose 0.1% mom. Domestic products prices was flat while imported products prices Read more…
In focus today This morning, we published our Nordic Outlook with updated economic forecasts. We expect growth to pick up modestly towards 2025 in Europe including the Nordics, with important variations between them. In the Read more…
The new week started with caution. The US and Canada were off, and news from Europe weren’t exceptional. The data released on Monday showed that the manufacturing PMI figures for August were slightly higher than Read more…
Daily Pivots: (S1) 191.83; (P) 192.65; (R1) 193.98; More… Intraday bias in GBP/JPY stays mildly on the upside as rebound from 180.00 is in progress. Further rally would be seen to 61.8% retracement of 208.09 Read more…
Daily Pivots: (S1) 161.50; (P) 162.20; (R1) 163.36; More…. EUR/JPY is staying in range below 163.86 and intraday bias remains neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 Read more…
Daily Pivots: (S1) 0.8411; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidations from 0.8399 would continue and stronger recovery might be seen. But further decline is expected as Read more…
Daily Pivots: (S1) 1.6281; (P) 1.6315; (R1) 1.6339; More… Intraday bias in EUR/AUD remains neutral for the moment. While recovery from 1.6256 might extend, further decline is in favor as long as 1.6580 resistance holds. Read more…
Daily Pivots: (S1) 0.9392; (P) 0.9419; (R1) 0.9458; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. As noted before, rebound from 0.9209 could have completed at 0.9579 already. Deeper fall is expected Read more…