Swiss UBS April consumption indicator report 25 May 2016
- prev revised down from 1.51
Nothing to glean from this release. Headline better but revision worse.
The UBS Consumption Indicator is a leading indicator of private consumption trends. This indicator is a combined reading of five indicators, including consumer confidence, consumer spending, tourism, new car sales, and retail activity.
EURCHF 1.1060 after finding support into 1.1050. USDCHF 0.9922 with demand into 0.9900.
