Important Economic Event: #Switzerland’s Real #Retail Sales (YoY)(Aug) – 08:15 BST, 7 October 2014 #Retail sales is a survey of goods sold in the previous month and is one of the main indicators to measure consumer spending. This figure is real; meaning it has been adjusted for inflation. The Swiss retail sales data for August is expected to be 0.7%, a significant increase from the -0.6% figure from this period last year. The increase in retail sales could potentially provide #CHF with some strength, mainly against the #USD, as the pair (USD/CHF) has been trading in a bullish trend over the past month. Key assets to watch: USD/CHF, #EUR/CHF, and #GBP/CHF Watch the #fx news with cwmfx/ and #trade them smarter.
Posted on: Tue, 07 Oct 2014 05:20:00 +0000