Trade Desk Thoughts - Swiss Retail Sales

Swiss Retail Sales Actual 0.0%, Expected 0.9%, Previous 6.2%

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 remained stable in August. The release number of 0.0% is lower than market expectations of 0.9%. Over the last few months, retail sales had risen strongly but now it seems the trend has run out of steam.

Forex Technical Reaction: The Swissy gained 120 pips in the Asian session, after it tested earlier TheLFB R3 (1.1490).

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