Employment barometer in the Q4 2017: Number of jobs rose by 0.8 percent YoY and 0.4 percent QoQ
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Author: Swiss Statistics Categories: Swiss and European Macro
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In the 4th quarter 2017, total employment (number of jobs) rose by 0.8% in comparison with the same quarter a year earlier (+0.4% with previous quarter). In full-time equivalents, employment in the same period rose by 0.6%. The Swiss economy counted 9000 more vacancies than in the corresponding quarter of the previous year (+16.8%) and the employment outlook indicator is also indicating an upward trend (+1.2%). These are some of the findings from the Federal Statistical Office (FSO).
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FX Daily, February 26: Dollar Slides as Equities Extend Recovery
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Author: Marc Chandler Categories: FX Trends
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The US dollar has begun the new week on heavy footing. It is being sold against virtually all the currencies, major and emerging market currencies. There is one exception, and although the local market is not open, the Mexican peso is under some pressure that could be linked to a dispute between the President of Mexico and the US that prompted the former to cancel a visit to the latter.
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FX Weekly Preview: Three Drivers in the Week Ahead: Data, Speeches, Politics
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Author: Marc Chandler Categories: FX Trends
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There are three distinct classes of drivers in the week ahead. The first is high frequency data. The most important of the economic reports include the preliminary estimate of the February inflation in the euro area, the US January income, and consumption data alongside the Fed's preferred inflation measure, the core PCE deflator, and Japanese retail sales and industrial production figures.
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Swiss hotel bookings on a high note
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Author: Swissinfo Categories: Swiss Markets and News
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After several difficult years, the Swiss hotel industry is recovering. There were 37.4 million overnight stays in 2017 – 5.2% more than in the previous year and nearly as many as the record years of 1990 and 2008. The increase came from locals as well as foreigners. Total domestic demand increased by 4.2% to 16.9 million overnight stays – the highest number of Swiss-based guests ever, the Federal Statistical Office reported on Thursday.
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Emerging Markets: Week Ahead Preview
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Author: Win Thin Categories: Emerging Markets
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EM FX ended Friday on a mixed note and capped off a soft week overall. Best performers last week were ZAR, CLP, and PHP while the worst were TRY, ARS, and IDR. Fed Chief Powell’s testimony to Congress will likely draw market attention back to Fed policy.
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Update on the Modified Davis Method
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Author: Pater Tenebrarum Categories: Debt and the Fallacies of Paper Money
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Frank Roellinger has updated us with respect to the signals given by his Modified Ned Davis Method (MDM) in the course of the recent market correction. The MDM is a purely technical trading system designed for position-trading the Russell 2000 index, both long and short (for details and additional color see The Modified Davis Method and Reader Question on the Modified Ned Davis Method).
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