Swiss GDP Growth Improves In Q3

Switzerland’s economic growth accelerated unexpectedly in the third quarter driven by higher exports of chemical and pharmaceutical products, figures from the State Secretariat for Economic Affairs, or SECO, revealed Thursday. Gross domestic product grew 0.4 percent sequentially in the third quarter, after rising 0.3 percent a quarter ago. Economists had forecast the rate to ease to 0.2 percent. On a yearly basis, growth advanced to 1.1 percent from 0.2 percent in the second quarter. This was also faster than the expected 0.8 percent expansion. The expenditure-side breakdown of GDP showed that private and government spending grew 0.2 percent and 0.5 percent, respectively. After a weak quarter, equipment and software investment advanced 0.7 percent and construction investment climbed 0.2 percent. Exports of goods excluding valuables gained 0.7 percent and that of services moved up 1.1 percent. Likewise, imports of goods excluding valuables rose 1.1 percent and imports of services gained 0.9 percent. The stronger-than-expected rise in quarterly Swiss GDP growth in the third quarter was a bit of a relief but the outcome was skewed by weather-related effects and masks underlying weakness, particularly in services, David Oxley, an economist at Capital Economics, said. In short, the Swiss economy is…

Ireland Retail Sales Fall For First Time In Three Months

Ireland’s retail sales fell for the first time in three months in October, the Central Statistics Office reported on Thursday. The retail sales volume fell 0.5 percent month-on-month in October, after a 3.9 percent increase in September. The value of retail sales decreased 1.0 percent monthly in October, after a 3.4 percent increase in the previous month. This was the first decline in three months. On an annual basis, the retail sales volume climbed 3.0 percent in October, following a 3.8 percent rise in the prior month. On a yearly basis, the value of retail sales rose 1.4 percent in October, following a 2.4 percent increase in the preceding month. The material has been provided by InstaForex Company – www.instaforex.com…

Italy Producer Prices Fall For Fourth Month

Italy’s producer prices fell for the fourth straight month in October, data from the statistical office Istat showed on Thursday. The producer price index declined 3.0 percent year-on-year in October, following a 1.6 percent fall in September. On a monthly basis, producer prices edged down 0.1 percent in October, reversing a 0.2 percent increase in the preceding month. In the domestic market, producer prices remained unchanged compared to September and fell by 4.1 percent from a year ago in October. Producer prices in the foreign market fell by 0.1 percent monthly and increased 0.2 percent annually. The material has been provided by InstaForex Company – www.instaforex.com…

Portugal Consumer Confidence Highest In 11 Months

Portugal’s consumer confidence rose to the highest level in eleven months in November, data from Statistics Portugal showed on Thursday. The consumer confidence index rose to -6.9 in November from -7.2 in October. The latest confidence index was the highest since December last year, when the reading was -6.2. The economic sentiment index remained unchanged at 2.1 in November. The manufacturing confidence indicator fell to -4.4 in November from -4.2 in the previous month. The construction sector morale decreased to -11.9 in November from -11.7 in the preceding month. The index reflecting the morale in the trade sector increased to 2.2 in November and the confidence measure in the services sector improved to 11.4. The material has been provided by InstaForex Company – www.instaforex.com…

South Africa Producer Price Inflation At 4-1/2-year Low

South Africa’s producer price inflation eased to the lowest level in four-and-a-half years in October, figures from Statistics South Africa showed on Thursday. The producer price index climbed 3.0 percent year-on-year in October, following a 4.1 percent increase in September. A similar lower inflation was seen in April 2015. The main contribution to the inflation came from food products, beverages and tobacco products, and metals, machinery, equipment and computing equipment. Producer prices for intermediate goods decreased 0.6 percent, while those for electricity and water grew 13.4 percent. Prices in the mining industry registered a 17.7 percent increase. On a monthly basis, producer prices increased 0.3 percent in October. The material has been provided by InstaForex Company – www.instaforex.com…

Sweden Consumer Confidence Weakens More Than Expected

Sweden’s consumer confidence weakened more than expected in November after improving in the previous month, signaling an unusual level of pessimism among households, survey data from the National Institute of Economic Research showed on Thursday. The consumer confidence index dropped to 91.9 from 92.7 in October. Economists had expected a score of 92.3. In September, the reading was 90.3. The deterioration in November was mainly due to consumers being somewhat less positive about how their personal finances have fared over the past year, the think tank said. However, the low level of the indicator is still mainly due to the unusually pessimistic expectations for the Swedish economy over the coming year, the NIER added. The manufacturing confidence index eased slightly to a three-month low of 96.1 from 96.3 in October. Economists had expected a score of 94.8. In November, producers of basic materials were the most pessimistic and relatively subdued production plans for the coming months were the main reason why the overall indicator was below normal. The confidence indicator for the building and civil engineering industry was largely unchanged and that for retail trade climbed on positive expectations for future sales growth. Morale improved in the services sector due…

EUR/USD for November 28,2019 – Ichimoku analysis

EUR/USD has been trading sideways at the price of 1.1000. Anyway, I see for further downside due to short-term downward trend. Watch for selling opportunities.Ichimoku analysis: 15M time-frameThe price just crossed below the Ichimoku cloud on the 15M time-frame that sellers took control from buyers. Intraday support levels are set at 1.0996 and 1.0992.H4 time-frameBased on the 4H time-frame, the price is trading below the Ichimoku cloud and bleow the Kijun and Tenkan sen lines, which is clear indication of the short-term downward trend. Downwrad targets are set at the price of 1.0990, 1.0940 and 1.0880The material has been provided by InstaForex Company – www.instaforex.com…

Gold 11.28.2019 – Intraday selll entry with confirmation of the longer frame chart

Gold has been trading sideways at the price of $1.454. Anyway, I see for further downside due to short-term downward trend. Watch for selling opportunities.Ichimoku analysis: 15M time-frameThe price just crossed below the Ichimoku cloud on the 15M time-frame that sellers took control from buyers. Intraday support levels are set at $1.453 and $1.452.H4 time-frameBased on the 4H time-frame, the price is trading below the Ichimoku cloud and bleow the Kijun and Tenkan sen lines, which is clear indication of the short-term downward trend. Main downward target is set at the price of $1.445.The material has been provided by InstaForex Company – www.instaforex.com…