Previous Trading Days Events 04.07.2024

Swiss inflation unexpectedly eased and was reported at 0 offering reassurance to Swiss National Bank officials whove lowered borrowing costs for two straight meetings.

Consumer prices rose 1.3 from a year ago in June. The slowdown was aided by a 0.2 annual decline in the cost of goods, while services were up 2.4. Core inflation also moderated to 1.1, defying expectations of its quickening.

The SNB has cut interest rates at its last two meetings kicking off its easing campaign before global peers like the European Central Bank. 

Policymakers have said the third quarter will see slightly faster inflation, but that it will then slow reaching 1 in 2026. 

Source

httpswww.bloomberg.comnewsarticles20240704swissinflationunexpectedlyslowsasgoodscostsdecline

Winners vs Losers

Metals are still on the top with Silver gaining nearly 5 in just one week so far. Gold follows with 1.61 gains. The USD pairs reached the top USD as Quote since the U.S. dollar has weakened significantly. 

News Reports Monitor Previous Trading Day 04.07.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news announcements, no important scheduled releases.

Morning Day Session European and N. American Session

The consumer price index CPI remained unchanged in June 2024 compared with the previous month. CHF depreciated heavily at the time of the release. USDCHF jumped nearly 40 pips at that time.

Equities,…