Release Explanation: Zentrum für Europäische Wirtschaftsforschung (ZEW) Expectations determines institutional investor sentiment regarding the economic outlook. The monthly indicator reflects the difference between the share of investors that expect further improvement of economic conditions and those that expect growth to decrease.
Trade Desk Thoughts: The Zew Indicator for Switzerland, gauging analysts’ economic expectations, improved slightly to -88.5 in November, from -91.1 one month earlier. The assessment of the current economic situation deteriorated, with the corresponding indicator dropping by 20.2 points to the minus 13.5 threshold. The outlook for inflation has continued to brighten in November. 90.4 percent of the experts forecast retreating inflation rates in the coming six months, while the indicator for short-term interest rates plunged by 39.3 points to the minus 90.4 level
Forex Technical Reaction: The swissy gained 65 pips during the European session and is now testing TheLFB R1 (1.1930) again, after earlier it failed to break higher. Throughout the Asian session, the pair just moved in a small, tight range.
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Swiss ZEW Economic Expectations Improve Slightly In November
Published 12/31/2000, 07:00 PM
Updated 11/13/2008, 09:15 AM
Swiss ZEW Economic Expectations Improve Slightly In November
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