Swiss Retail Sales Post Strong Gains In September

Swiss Retail Sales Actual 6.4%, Expected 0.0%, Previous 0.0%

Release Explanation: Measures the value of Sales at the Retail level. It is a very important set of figures that make up a large percentage of consumer spending numbers. Retail sales are the measure of the total sales of goods and services by retail stores.

Trade Desk Thoughts: Swiss retail sales rose at a strong pace in September. The release number of 6.4% is much higher than market expectations of 0.0%. Over the last few months, retail sales had risen strongly and it seems this trend will continue

Forex Technical Reaction: The swissy rose 20 pips after the news release. Right now, the pair is testing the 1.20 resistance area.

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