CHF July

CHF 8th-12th July 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: none
  • Server Time: none
  • Quick view: none

Quick View: Dovish

  • SNB maintained its interest rate unchanged at -0.75%, in line with market expectations.
  • The next SNB meeting was on September 19, 2019.
  • Focused economic data is Inflation and Gross Domestic Product.
  • The policymakers following the policy say that accommodative monetary policy is still needed following the still high CHF and global market uncertainty.
  • SNB expects inflation in 2019 to rise to 0.6% against 0.3% seen in March and to 2020 at 0.7% versus 0.6% seen in March.

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

  • Unpredictable market sentiments will lead to demand for safe-haven health.
  • The ECB states the willingness to cut interest rates and this may affect SNB to act.

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