Swiss Zew Improves Markedly In April

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,' TheLFB-Forex.com Trade Team said.

TheLFB-Forex.com Trade Desk Thoughts: The Zew Indicator for Switzerland, gauging analysts' economic expectations, improved considerable in April. However, the indicator for the assessment of the current economic situation in Switzerland continued to worsen in April. The respective indicator dropped 8.9 points, reaching the minus 66.0 mark.

Inflation expectations edged up somewhat in April, 52.2 percent of the financial market experts surveyed still forecast retreating inflation rates in the coming six months. Expectations for interest rates remained nearly unchanged, with the overriding majority (80.9 percent) of analysts predicting that rates will hold steady at current levels.

Forex Technical Reaction: The swissy plunged 30 pips during the news release, breaking below the low of the session. Against the euro, the swissy lost 50 pips today

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.