The Traderszone Network

Index hits highest level so far this year
June’s reading was revised lower to 1.30 from 1.38.
The index is calculated via six consumer-related parameters, being new new car registrations, business activity in the retail sector, number of domestic overnight hotel stays by residents from Switzerland, the consumer sentiment index, employment figures and point of sale credit card

CHF pairs dipping again after strong rally yesterday 30 Aug
I drew attention yesterday to a couple of on USDCHF and EURCHF and they held well.
key levels of support
Currently though the strong rally is fading a little but steady and I hope some of you took advantage of the highlight and made a few pips on the

Focus remains on refineries shutting down
The ongoing devastation from tropical storm Harvey is truly crushing indeed. Adam had a about how the oil market is turning its focus on the shutdown in refineries and that has led to a drop in WTI the last two days.

UK PM May has arrived in Japan for trade talks 30 Aug
 May’s trip is due to last 3 days. She will be accompanied
by International Trade Secretary Liam Fox and a delegation of business
leaders drawn from a range of sectors.

Latest German election poll from Forsa sees Merkel & Co with 38% share
– CDU/CSU 38%
– SPD 24%
– Greens 7%
– FDP 8%
– Linke 9%
– AdD 9%
No signs of any real wobble albeit off 40% highs but yesterday’s GFK showed good consumer confidence too.

Economic data risk coming up in this session 30 Aug
Greetings one and all
Data wise it’s a busier calendar as we hit hump day but lot’s going on regardless.

In this contributed article, Axioma’s Melissa Brown discusses how Value index investors shouldn’t fret as their strategy is no riskier, contrary to some options, than a Growth index plan.