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Employment barometer in the Q4 2017: Number of jobs rose by 0.8 percent YoY and 0.4 percent QoQ

Switzerland Employment Level Q4 2017
Author: Swiss Statistics
Categories: Swiss and European Macro

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).

FX Daily, February 26: Dollar Slides as Equities Extend Recovery

FX Daily, February 26: Dollar Slides as Equities Extend Recovery
Author: Marc Chandler
Categories: FX Trends

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.

FX Weekly Preview: Three Drivers in the Week Ahead: Data, Speeches, Politics

FX Weekly Preview: Three Drivers in the Week Ahead: Data, Speeches, Politics
Author: Marc Chandler
Categories: FX Trends

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.

Swiss hotel bookings on a high note

Swiss hotel bookings on a high note
Author: Swissinfo
Categories: Swiss Markets and News

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.

Emerging Markets: Week Ahead Preview

Emerging Markets: Week Ahead Preview
Author: Win Thin
Categories: Emerging Markets

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.

Update on the Modified Davis Method

Nasdaq
Author: Pater Tenebrarum
Categories: Debt and the Fallacies of Paper Money

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).