Switzerland Balance of Trade
With both imports and exports reaching new highs amid global trade tensions, Brexit uncertainty, and Hong Kong demonstrations, in 2019 the Swiss trade surplus increased by 19% from the previous year to CHF 37 billion. The largest trade surpluses were recorded with the United States, India, the United Kingdom, China, Hong Kong, Japan, and Singapore, the largest trade deficits were recorded with the United Arab Emirates, Germany, Ireland, Italy, and Thailand.
A higher than expected figure should be seen as positive (bullish) for the CHF while a lower than expected figure should be seen as negative (bearish) for the CHF.
Forex Sentiment (CHF)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURCHF |
|
|
0.9398 +13 pips |
0.9617 -232 pips |
0.93850 | |
| GBPCHF |
|
|
1.1088 -32 pips |
1.1367 -247 pips |
1.11205 | |
| USDCHF |
|
|
0.8531 +70 pips |
0.8748 -287 pips |
0.84613 | |
| CHFJPY |
|
|
157.0748 -891 pips |
169.8810 -390 pips |
165.980 | |
| AUDCHF |
|
|
0.5675 -8 pips |
0.5884 -201 pips |
0.56833 | |
| NZDCHF |
|
|
0.5219 -2 pips |
0.5341 -120 pips |
0.52208 | |
| CADCHF |
|
|
0.6254 +20 pips |
0.6517 -283 pips |
0.62343 | |
| CHFSGD |
|
|
1.5268 -72 pips |
1.5405 -65 pips |
1.53397 | |
| XAUCHF |
|
|
0 -177070 pips |
2176.9200 -40622 pips |
1,770.70 |
News (CHF)
Swiss GDP Growth Accelerates As Estimated
Switzerland's economic growth accelerated in the second quarter as initially estimated on strengthening manufacturing and services output, data from the State Secretariat for Economic Affairs, or SECO, showed on Tuesday. Gross domestic product grew 0.5 percent sequentially after posting 0.3 percent growth in the previous two quarters. The rate came in line with the flash estimate.
RTTNews | 10 days ago
Swiss Central Bank Lowers Policy Rate By 25 Bps
The Swiss National Bank lowered its key policy rate for the second consecutive meeting on Thursday, citing easing underlying inflationary pressures. The policy board headed by Thomas Jordan decided to cut the policy rate by 25 basis points to 1.25 percent. The new rate will take effect on June 21. The bank had unexpectedly reduced its rate by a quarter point at the March meeting.
RTTNews | 85 days ago
Swiss GDP Growth Accelerates In Q1
Switzerland's economic growth accelerated in the first quarter on robust private consumption and the rebound in equipment investment, data from the State Secretariat for Economic Affairs, or SECO, showed on Thursday. Gross domestic product posted a quarterly growth of 0.5 percent in the first quarter after an expansion of 0.3 percent each in the previous two quarters.
RTTNews | 106 days ago
