Trade Desk Thoughts - Swiss ZEW Expectations

Actual -79.6, Previous -76.9

Release Explanation: The Zentrum fur Europaissche Wirtschaftsforschung (Center for European Economic Research) report measures investor sentiment. The indicator reflects the difference between the share of Analysts that are optimistic and those that are pessimistic for the expected economic development in the region over the next six months

Trade Desk Thoughts: The Swiss Zew economic sentiment has further deteriorated since August. The released number came in at -79.6, lower than the number released for July, of -76.9. Overall, the release paints a pessimist picture for the outlook of the Swiss economy.

Forex Technical Reaction: The swissy continues its decline, since the new trading day began. So far, the pair has loss 45 pips.

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