EUR/CHF forecast for today online. Most of the time, EUR CHF is characterized by stability and high predictability, however, in an environment where serious economic crises flare up in the eurozone or Switzerland, volatility can greatly increase, and the pair simultaneously passes hundreds of points. In a stable environment, the Euro/Franc can "hibernate" for a long time, overcoming no more than 15-30 points per day.No matter how calm and stable the pair may seem, familiarization with analytics before entering the market is a must for any serious trader, especially when it comes to such an insidious instrument as EURCHF, which can "doze" in flat for weeks, passing 20 points a day, and then sharply soar or collapse, more than by 1000 points.EUR/CHF exchange rate chart (online) with indicatorsEUR/CHF Trading forecasts and signalsBased on the analysis of the volatility calculator data for 20 weeks, it is clearly seen that the pair's activity rarely exceeds 70 points. No matter how unusual it may sound, but the most stormy Euro/Franc trading takes place on Monday, and the pair behaves most calmly on Wednesday. It is not difficult to guess that the most active session for intraday trading is the European one almost throughout its entire length (especially at the overlap with the American one).A small spike can sometimes be observed immediately at the opening of the Sydney Stock Exchange at 22:00 GMT during the Pacific trading session. In other periods, the pair fluctuates sluggishly, and it becomes impossible to work on it, but such moments are ideal for analysis and thinking about further actions.General characteristicsA calm, 100% European, Euro/Swiss Franc cross-pair today has an average level of volatility of 50-80 points per day and a fairly high predictability in terms of making forecasts. The pair is not exotic and has sufficient liquidity so that brokers do not set too high a spread on it (for EUR/CHF, it is usually 4-6 points for most dealers).However, scalpers are unlikely to be pleased with low commissions, since it will still be difficult for them to earn a lot on this pair, but for long-term investors this is a great way to save and increase their capital.The quotation of the Euro and the Swiss Franc, the absence of the US dollar shows that this currency pair is a cross. However, the fact that USD is not directly included in the pair does not mean that the US currency does not affect it at all, since transactions to buy euros for Swiss francs and sell francs for euros are still carried out through USD.The euro is the main currency in this pair, and the franc is convertible. On the charts, you can see either a standard four-digit rate of 1.0696, or a more accurate five–digit rate that takes into account tick fluctuations (1.06966).Read more: EUR/TRY: online quotes, signals and forecasts for todayFactors influencing EUR/CHF and what the exchange rate depends onThe overall economy of the European Union is formed on the basis of data from all its 28 member countries united in a confederation. A significant territory, developed industry and services, as well as productive agriculture, make the EU economy one of the most powerful in the world, especially in the financial sector.The ancient history and rich cultural heritage attract a lot of tourists from all over the world to the EU countries. The Colosseum, Eiffel Tower or Cologne Cathedral are, of course, majestic architectural monuments, but for a trader, pair analytics and economic indicators are more important. The sector analysis data for the EU today looks like this:In the first place is the service sector, which together with trade accounts for about 70.5% of GDP;Industry provides 27.3%;Agriculture accounts for only 2.1% of GDP.The analytics of the Euro and the Swiss Franc are surrounded by the European Union from all sides, but they themselves are neutral and are not part of the association. The state occupies a fairly small territory in the mountains and has a developed agriculture and tourism industry. However, Switzerland is famous not only for its ski resorts and agricultural products, but also for its high-tech industry and reliable banks.Read more: EUR/ZAR: exchange rate, signals, forecast for today and chartThe country 's GDP by sector gives the following picture:73.4% of income comes from the services sector (banking, brokerage, hotel, restaurant, etc.);25.9% of GDP comes from industry (high-precision optics, mechanics, electronics, pharmaceutical, chemical, etc.);Agriculture provides only about 0.7% of GDP.The EUR/CHF chart has a good correlation with other financial instruments based on the single European currency, for example, with: EUR/NOK - 83%, EUR/GBP- 71.9%, EUR/JPY- 71%, IT40 index - 70.3%, EUR/AUD - 68.8%, USD/Baht - 67.4%, EUR/NZD - 66.9%, EUR/PLN- 66.4%, USD/NOK - 56.1% EUR/CAD – 53.8%.The greatest inverse correlation of the Euro/Franc is currently present with: silver to euro - -77%, silver to dollar - -76.6%, NOK/SEK - -74.4%, platinum - -70.6%, as well as gold to euro - -68.9%, gold to dollar - -68.6%, CN50 index - -63.1%, AUD/SGD – -63% and HK50 – -59.9%.Read more: AUD/CAD: exchange rate, online forecast, currency pair overviewThe main factors affecting this currency pair include:Swiss Central Bank and EU rates, as well as monetary policy;Economic indicators (of both countries);Trade balances (also of both countries);International investments (very important for Switzerland, to a lesser extent for the EU);World gold prices (still strongly affect the franc, although it is no longer tied to the gold standard);The situation on the labor market (unemployment rate in Switzerland and the European Union);Business activity in industry and business.Features of the currency pairRegardless of the dynamics, it is quite difficult to earn scalping on this pair, because due to low volatility, the profit will be extremely small, however, this can be used as a good practical guide for those traders who are just beginning to get acquainted with financial markets and trading strategies.Read more: USD/SGD: exchange rate online, signals and forecast for todayThe Swiss economy is one of the most stable in the world, but if there are any serious changes in it, the consequences for pairs with the franc can be very serious, which is why pairs with CHF are so effective to trade on important news related to Switzerland (and for the same reason you always need to be aware of these ...
ECB Deputy Head Luis de Guindos Jurado noted that the situation related to Ukraine will have a negative impact on the European economy. Inflation is expected to remain at a high level for a longer period of time. Before the start of the Russian military operation in Ukraine, the bank predicted a 4% increase in GDP by the end of this year. Now this forecast has been lowered to 2%. At the same time, Luis de Guindos Jurado assured that there would be no stagflation. ECB President Christine Lagarde expressed her point of view on the prospects of the European economy. She said that 2021 might be completed with a 3.7% increase in gross domestic product. In the next two years, the eurozone economy may show growth of 2.8% and 1.6%. As for inflation, the forecast for this indicator has been raised significantly. Now the ECB expects it to be 5.5% by the end of the year. In 2023, the rate of price growth will slow down to 2.1%, and in 2024, inflation will decrease to 1.9%. However, the forecast for the main economic indicators may be revised depending on how the situation in Ukraine ...
The State Administration of Switzerland reported that according to the results of the 2nd quarter, the volume of industrial production increased by 14.2% in annual terms. However, this growth rate should not be given special importance, since it was influenced by a low base. In the same quarter last year, the country's industrial production declined amid problems caused by the coronavirus pandemic. In April of this year, industrial production increased by 16.1%, and in May and June it increased by 17.4% and 13.1%, respectively. The construction sector of the Swiss economy showed growth of 6.5%. The volume of construction work in the commercial sector increased by 4.9%. At the same time, the volume of production in private construction decreased by 2.1%. The specialized sector in the construction sector showed an increase in production by 8.8%. Turnover in the Swiss industrial production increased by 17.4% in the 2nd quarter compared to a year ago. The growth rate of turnover in construction was ...
July inflation in the eurozone countries amounted to 2.2% in annual terms, which is 0.3 percentage points higher than the growth rate of consumer prices in the previous month. This is evidenced by the final assessment of price dynamics published by Eurostat. The indicator corresponds to the preliminary data and the forecast of the surveyed analysts. In July last year, inflation in the eurozone was recorded at the level of 0.4%. The assessment of the price dynamics in monthly terms also did not change. Eurostat confirmed that in July, consumer prices increased by 0.7% compared to the previous month. At the same time, a month earlier, inflation was 0.9%. In the EU countries, inflation, calculated in monthly terms, has not changed. And compared to July last year, the price growth accelerated to 2.5% from 2.2% in June. In all countries that are part of the eurozone, consumer prices rose in July. At the same time, Estonia, Poland and Lithuania became the leaders in terms of ...
The unemployment rate in Spain fell at a record pace in July, as the labor market began to recover from the impact of the coronavirus pandemic, data from the Labor Ministry showed.In July, exceeding the record figures of the previous two months, unemployment fell sharply by 197,841 people. Unemployment fell by 166,911 people in June and by 129,378 people in May.Seasonally adjusted, registered unemployment fell by 191,756 people in July.Unemployment fell by 133,658 in the service sector and by 13,158 in industry. In the construction sector, unemployment fell by 10,154 people and by 8,880 people in the agricultural sector.Unemployment among young people under the age of 25 fell by 36,926 people or 12.34 percent in July compared to the previous ...
The data of the state administration of France turned out to be better than the forecast. According to the results of the 2nd quarter, French GDP increased by 0.9% compared to the indicator for January-March. The surveyed analysts said that the country's economy is expected to grow by 0.8% in the 2nd quarter. At the same time, the statistical office noted that the volume of French GDP has already approached the level that was observed before the crisis. If we compare it with the 4th quarter of 2019, the gap is only 3.3%. French consumer spending in the reporting quarter showed an increase of 0.9%. In the previous quarter, they decreased by 0.2%. In annual terms, consumer spending decreased by 2.5%. The growth of business investment accelerated to 1.1% against 0.4% a quarter earlier. Government spending increased by 0.6%. In the 1st quarter, they decreased by 0.4%. In June, consumer spending increased by 0.3% in monthly terms. And compared to the same month last year, they decreased by 2.4%. Last month, demand for industrial goods and food products decreased by 4.4% and 2.6%, respectively, on an annualized ...
The Swiss government has updated its forecast for the dynamics of GDP in the current year. It has been improved. The Swiss government now expects the economy to grow by 3.6% in 2021. Previously, an increase in annual GDP of 3% was forecast. Next year, economic growth may reach 3.3%. The change in the forecast for the better became possible due to the accelerated pace of economic recovery in the country. In addition, the Swiss government noted that the global economy is also recovering at a faster pace than expected. The main macroeconomic indicators in Switzerland indicate an increase in economic activity in both the industrial and service sectors of the country. The KOF indicator, which measures the state of the Swiss economy for six months, peaked in May. Next week, the Swiss government will discuss the issue of further lifting the restrictive measures in the ...
On Thursday, the next meeting of the Central Bank of Switzerland was held. Its participants decided not to make changes to the PREP, which is currently in effect. The key rate was kept at minus 0.75%. The results of the meeting coincided with the expectations of most experts. In a statement, the Swiss National Bank said that it is ready to conduct currency interventions, even though the Swiss Franc has recently shown a weakening. The central bank has released its forecast for the Swiss economy. The Central Bank expects that the current year will end with the growth of gross domestic product. It will be in the range of 2.5% to 3%. The country's inflation rate will be 0.2% by the end of the year. In 2022 and 2023, it will increase to 0.4% and 0.5%, respectively. Earlier it was reported that the Swiss economy fell by 2.9% in 2020. Such a sharp decline in GDP has not been observed in the country for the last 45 years. In the crisis year of 2009, the Swiss economy shrank by ...
According to analysts of the Association of Retailers HDE, if stores are closed in Germany at Easter in connection with the decision taken by the authorities to extend the isolation measures, then this may be followed by an increase in the bankruptcy of enterprises. One hundred days of isolation for 54% of fashion stores have already turned into a probability of bankruptcy, many retailers have lost hope of being able to survive in this situation.German Chancellor Angela Merkel appealed to residents of the country to stay at home for 5 days, starting from April 1. The lockdown in the country has been extended until April 18, as the number of coronavirus infections and the number of COVID-19 deaths continues to increase in Germany. According to HDE President Stefan Ghent, such a decision by the German authorities will negatively affect the retail sector, where all necessary measures are taken to limit the risk of infection during purchases. The German Automobile Trade Association ZDK also opposed the tightening of the isolation measures.This situation will certainly have an impact on the Euro currency, as Germany is the engine of the European economy. Therefore, it is highly likely that the Euro will continue to decline in world currencies, in particular in the EURUSD, EURGBP, EURCHF, and EURJPY ...
