Switzerland’s GDP fell by 8.2% in quarterly terms in the second quarter of this year. This was its maximum decline in 40 years. In the first quarter, Swiss GDP fell 2.5%. This was its largest decline in 40 years. In the first quarter, Swiss GDP fell by 2.5%. The recovery (after the coronavirus) of the New Zealand’s economy is stronger than that of Switzerland. The drop in New Zealand’s GDP in the 1st quarter was 1.6% in quarterly terms. The GDP for the Q2 will not be available until 16 September, but it is projected to decrease by only 1.2%. Note that the rate of the Reserve Bank of New Zealand is + 0.25%, of the Swiss National Bank – 0.75%. New Zealand will publish the Global Dairy Trade Price Index on September 1. Inflation for August will be released in Switzerland on September 3. These data can affect the dynamics of the NZD/CHF currency pair.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Buy | |
| MACD | Buy | |
| MA(200) | Neutral | |
| Fractals | Buy | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Neutral |
| Order | Buy |
| Buy stop | Above 0,61 |
| Stop loss | Below 0,59 |
Market Analysis provided by IFCMarkets.com
By JustMarkets The US stock indices started the week on a downbeat note. By the…
By Analytical Department RoboForex GBP/USD fell to 1.3437 on Tuesday as investors assessed the appointment…
By JustMarkets The US stock indices ended Friday’s session in the red. By the end…
By Analytical Department RoboForex USD/JPY opens the week at 162.36 on Monday. The Japanese yen…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
This website uses cookies.