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The Eurozones unadjusted trade balance for October was €18.4 billion, revised from €19.4 billion in the previous month.Germanys ZEW economic sentiment index for December was 45.8, below the expected 38.7 and the previous reading of 38.5.Germanys ZEW Economic Situation Index for December was -81, compared to a forecast of -80 and a previous reading of -78.7.December 16th - It is understood that the State Administration for Market Regulation is currently studying and formulating a list of "first-time violations without penalty" and "minor offenses exempt from penalty." How to accurately define "first-time violations" and "minor offenses"? Wang Qiuping, Director of the News and Publicity Department of the State Administration for Market Regulation, stated that the list sets rigid thresholds for "first-time violations without penalty" and "minor offenses exempt from penalty." A first-time violation refers to a business entity having no similar violation record within two years; a minor offense must simultaneously meet the hard conditions of minor consequences and timely rectification. This serves as both a red line and a road sign clearly defining the bottom line. Through list-based management, it provides both leeway for business entities and clear guidance for law enforcement personnel, with the goal of achieving unified standards and applying the same criteria consistently.The Eurozones seasonally adjusted trade balance for October and the German and Eurozones ZEW economic sentiment indices for December will be released in ten minutes.

USD/CHF Oscillates between 0.9330 and 0.9350 as the DXY Finds Support at 99.70

Drake Hampton

Apr 14, 2022 11:04

The USD/CHF pair is trading in a range of 0.9325-0.9356 as the US dollar index (DXY) seeks bids near 99.70 following a sharp decline on Wednesday. The asset is inching closer to its weekly high of 0.9370.

 

The pair is aiming higher as the probability of a Federal Reserve interest rate hike of 50 basis points (bps) increases (Fed). In May, the Fed will dictate monetary policy, and a rising US Consumer Price Index (CPI) combined with a tight job market increases the likelihood of an aggressive hawkish attitude for May and the remainder of the year.

 

Fed Governor Christopher Waller advocated for aggressive interest rate hikes in the future, but cautioned that aggressiveness should not be confused with abruptness, as this could push the US economy into recession. An rapid shift in interest rate policy will significantly lower aggregate demand and employment possibilities, posing a substantial danger to the US economy.

 

Investors' attention will now turn to monthly US retail sales, which are expected to come in at 0.6 percent, up from the previous figure of 0.3 percent. While the Swiss bourse will publish its annual Real Retail Sales report later this month. Previously, Swiss Real Retail Sales were registered at 12.8 percent during a 12-month period.

USD/CHF

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