Euro Open: Will Switzerland Follow the EU into Recession?

Previous Articles

• Aug 21 - Euro Open: Will Switzerland Follow the EU into Recession?
  
• Aug 20 - Can Chinese Demand Keep Japan Out of Recession?
  
• Aug 20 - Dollar May Drop Without Action From The Fed
  
• Aug 20 - Australian Dollar Could Fall Like a Rock
  
• Aug 20 - BoE Voted 7-1-1 to Leave Rates Unchanged, Besley Votes For Hike.
  
• Aug 20 - Euro Open: Is The Bank of England Closer to Cutting Interest Rates?
  
• Aug 19 - Forex Seasonality Update: We Forecast USDCAD Declines
  
• Aug 19 - Euro Falls As German ZEW Shows Current Conditions Worsening
  
• Aug 19 - A Drop in U.S. Housing Starts Would Validate EURUSD Technical Outlook
  
• Aug 19 - Euro Open: Will Producer Prices Help the ECB Cut Interest Rates?
  
• Aug 18 - Japanese Yen Forecast Ahead of BoJ Meeting
  
• Aug 15 - Forex Trading Weekly Forecast 08.18.08
  
• Aug 15 - Carry Trade Plunges, But Yen Pairs Testing Support
  
• Aug 15 - US Consumer Confidence Improves For Second Consecutive Month, Dollar Gains
  
• Aug 15 - Forex Emerging Markets Weekly - August 15, 2008
  
• Aug 14 - US Inflation Climbs To 17-Year High - What Does It Mean For The Dollar?
  
• Aug 14 - Euro Consolidates Despite Negative GDP and Flat CPI
  
• Aug 14 - Euro Open: EZ GDP to See First-Ever Negative Result, Threatening Euro
  
• Aug 13 - Australian Dollar Forecast Improves After Record Consecutive Declines
  
• Aug 13 - US Retail Sales Contracts For The First Time In 5 Months, US Dollar Pulls Back
  

Written by Ilya Spivak, Currency Analyst

Japan's Merchandise Trade Balance saw the surplus shrink further in July, registering at 91.1 billion yen versus 235 billion expected and 138.6 billion in the preceding month. Australia's New Motor Vehicle Sales contracted -4.1%, the worst reading in 24 months. Forex traders will be focused on the wealth of Swiss data set to hit the tape in European trading. Acute deterioration in top EU countries threatens to spill over into the mountain nation as the regional bloc is the destination for nearly 60% of all Swiss exports.