Economic Event to Watch: #Switzerland’s Retail Sales (YoY) - 08:15 GMT, 16 January 2015 The CHF was the centre of attention on Thursday after the Swiss Central Bank (#SNB) cancelled its policy of pegging the #Swiss #Franc at 1.20 to the #Euro; a policy thats been in place more than three years to keep the currency from getting too strong and hurting the economy. After the account the #CHF surged almost 30%, flying to a record high. The #Retail #Sales is a survey of goods sold in the last month and serves as an indicator of the Swiss consumer demand. The figure here is real, not nominal, and non-seasonally adjusted. The consensus if for an increase in retail sales from 0.3% to 1.1%, as it’s the primary gauge of consumer spending the figure tends to cause volatility within CHF pairs. Generally, an increase in this figure is bullish for the CHF while a decrease is bearish. Key assets to watch: #USD/CHF, #GBP/CHF, #EUR/CHF Stay tuned for more market updates with #CWMFX, proud partners of CWM Cyclone Promotions. Will you be meeting legendary boxers #Barry #McGuigan and #Carl #Frampton at the CWM FX London Boat Show 2015 today? Visit cwmfx to start trading #Forex & #CFDs safely, any time, anywhere.
Posted on: Fri, 16 Jan 2015 07:15:00 +0000