Switzerland Dec KOF leading indicator 111.3 vs 110.5 expected

Latest data release by the KOF Economic Research Agency Prior 110.3; revised to 110.4 An indexed reading of 219 economic indicators within Switzerland. General sentiment indicator for the Swiss economy, nothing too major.The reading is relatively solid, well above expectations. Highest level since 2010. But again, not a data point that will move markets. USD/CHF […]

Burning Forecast 22/12/2017

Burning Forecast 22/12/2017 EURUSD: Buy for a breakdown of 1.1900 On Thursday, a bundle of important data on the US came out: The GDP report showed growth that was slightly below the forecast at +3.2% (the forecast was +3.3%). The inflation index for GDP (deflator) at the level of 2.1% — without growth. The index […]

France Q3 final GDP q/q +0.6% vs +0.5% prelim

Final French GDP numbers for Q3 2017 Final GDP y/y +2.3% vs +2.2% prelim Preliminary release was last month here. A better than expected reading than the preliminary results. Year-on-year, that’s the highest reading since 2011.There’s also the release of France November consumer spending: Consumer spending m/m +2.2% vs +1.4% expected Consumer spending y/y +1.2% vs […]

A harsh reality check for Bitcoin and Altcoins

Today’s trading has been rough so far for cryptocurrencies in generalFrom Coinbase’s GDAX exchange, Bitcoin touched a low of $12,712.00 — a drop of over 36% compared to the highs posted last week at $19,891.99. While 36% may sound a bit steep, in value terms that’s a whopping $7,180 to put things into perspective.The low […]

Germany Jan’18 GfK consumer confidence 10.8 vs 10.7 expected

Latest data release by GfK — 22 Dec 2017 Prior 10.7 It’s an indicator of consumer confidence in the German economy, as the survey asks respondents to rate the relative level of past and future economic conditions. A minor data point for Eurozone sentiment.Economic expectations hit a 3-month high. Looks like German politics aren’t really […]