News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Swiss Investor Confidence Rises, But is Still Negative

Swiss Investor Confidence Rises, But is Still Negative

Benjamin Spier, Technical Strategist

THE TAKEAWAY: ZEW Credit Suisse expectation for economic growth survey reported at -33.3 -> Swiss economy continues to show resilience -> Swiss Franc trading steady

Swiss investor confidence rose in August, but remained overall negative for the fourth month, according to the ZEW Credit Suisse expectation for economic growth survey. The survey was reported at -33.3, beating July’s -42.5 result. However, the current economic situation survey was reported at 11.0, still positive but lower than July’s 18.4 survey result.

The improving investor confidence comes at a time when the Swiss economy has continued to perform well in 2012 despite the nearby Euro debt crisis. Two weeks ago, Swiss retail sales were reported as improving for the ninths straight month. The Swiss National Bank said they will continue to provide a 1.2000 floor in EURCHF trading so as to prevent the risks from an overly strengthened Swiss Franc.

The Swiss Franc did not trade significantly higher against the US Dollar following the improved survey result. USDCHF is currently testing a 3-week long downward trend line, which could provide resistance around .9793.

Swiss_Investor_Confidence_Rises_But_is_Still_Negative_body_usdchf.png, Swiss Investor Confidence Rises, But is Still NegativeSwiss_Investor_Confidence_Rises_But_is_Still_Negative_body_gbpusd.png, Swiss Investor Confidence Rises, But is Still Negative

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

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