We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.31% Gold: -1.86% Silver: -2.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LFsykmg4W9
  • Heads Up:🇨🇦 Ivey PMI s.a due at 14:00 GMT (15min) Previous: 22.8 https://www.dailyfx.com/economic-calendar#2020-06-05
  • Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations - via @DailyFX https://t.co/csSLlNVzVJ
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 3.25% Wall Street: 2.70% Germany 30: 2.65% US 500: 1.90% FTSE 100: 1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GyZ4oc1mGG
  • me and other market bears after that NFP print.... https://t.co/NFQOzKWtNG
  • 🇷🇺 Foreign Exchange Reserves Actual: $566.1B Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • US #NFP report for May 2020 crushed the median estimate on Wall Street looking for -7.5 million jobs lost, but the actual figure crossed the wires at 2.5 million jobs added. Get your market update here: https://t.co/8i0L6YIqjy https://t.co/K2laOv7Unk
  • #Cable is trading around 1.2650 in early turnover and is back at highs last seen in mid-March as the pair continue to make a short-term series of higher lows and higher highs.Get your $GBPUSD market update from @nickcawley1 here: https://t.co/XCrsgxaXux https://t.co/5z8GFfyN8X
  • Heads Up:🇷🇺 Foreign Exchange Reserves due at 13:00 GMT (15min) Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇷🇺 Inflation Rate YoY due at 13:00 GMT (15min) Expected: 3% Previous: 3.1% https://www.dailyfx.com/economic-calendar#2020-06-05
Resilient Swiss Economy Continues Low Unemployment

Resilient Swiss Economy Continues Low Unemployment

2012-07-09 06:21:00
Benjamin Spier, Technical Strategist

THE TAKEAWAY: June unemployment remains at 2.7%, May’s rate revised lower -> Swiss economy shows resilience to surrounding crisis -> Franc trading steady around support

Switzerland continues to show signs of a strengthening economy despite its bleak European surroundings. Unemployment remained unchanged at 2.7% in June, as May’s unemployment was revised .3% lower from an initial estimate of 3.0%. The unemployment came in lower than analysts’ expectations for 2.9%, and the seasonally adjusted unemployment was also steady at 2.9%, according to the State Secretariat for Economic Affairs.

The unemployment rate was highest among workers between the ages of 25 to 49 at 2.8%, while 0.1% more women were out of work than men in June at 2.7%.

The Swiss economy continues to display resilience against the Euro debt crisis as unemployment drops and the GDP for Q1 2012 grew the most in over a year. The biggest threat from the European crisis is a false strengthening of the Swiss Franc against the Euro. The SNB continues to maintain a 1.2000 floor in EURCHF trading, which was further justified by June’s increase in deflation.

USDCHF has been trading steady today near the support/resistance line at 0.9770. US Dollar rallied against the Franc on Friday, as risk-correlated currencies sold off on news that less US jobs were added than expected.

Resilient_Swiss_Economy_Continues_Low_Unemployment_body_usdchf.png, Resilient Swiss Economy Continues Low Unemployment

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.