CHF June

CHF 10th-14th June Fundamental Report

News and economic event analysis disclaimer: This fundamental report is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this article, do your own research and be aware of the risks and rewards.

CHF Main Focus This Week: 

  • Economic Data Type: SNB Policy Review & Press Conference
  • Server Time: 7.30, Thursday
  • Quick view: Swiss National Bank (SNB) is expected to continue to maintain unchanged interest rates at -0.75% as before. SNB also maintains a stand for intervention in the marketplace if necessary.

Quick View: Dovish

  • SNB maintained its interest rate unchanged at -0.75%, in line with market expectations.
  • The next SNB meeting was on June 13, 2019.
  • Focused economic data is Inflation and Gross Domestic Product.
  • The policy makers say CHF is still high in value. SNB also lowered its inflation forecast for 2019 to 0.3% from 0.5% and to 2020 to 0.6% from 1%.

Main Economics Data of SNB

  • Gross Domestic Product (GDP) in Switzerland grew 1.7% in the first quarter of 2019, up from 1.5% in the previous quarter.
  • The annual inflation rate of Switzerland declined to 0.6% in May 2019 from 0.7% in the previous month, and was similar to market expectations.

Expected Bias: CHF Bearish

  • The Asian session market was well traded after the United States lowered the threat to impose tariffs on Mexico.

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