Swiss government slightly ups 2019 growth forecast to 1.2%

The State Secretariat for Economic Affairs' (SECO) released its latest economic forecasts, with the key highlights found below.

  • Sees 2019 growth at 1.2% (previous forecast was 1.1%)
  • Sees 2020 growth at 1.7% (previous forecast was 1.7%)
  • Sees 2019 CPI at 0.6% (previous forecast was 0.4%)
  • Sees 2020 CPI at 0.6% (previous forecast was 0.6%)

EUR/USD is consolidating - Commerzbank

In view of Karen Jones, analyst at Commerzbank, EUR/USD pair has been consolidating following its break of the 2018- 2019 downtrend and is holding bel
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GBP/USD technical analysis: Bulls and bears jostle between 100-HMA, immediate support-line

Having bounced off 38.2% Fibonacci retracement of May-end to June-start upside, the GBP/USD remains modestly flat as it trades near 1.2690.
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