Release Explanation: SECO Economic Forecasts are the official financial forecasts announced by the Swiss Secretary of Financial affairs, including predictions on topics such as national inflation and growth projection

Trade Desk Thoughts: The Swiss Consumer Climate practically shows the same as every other release from around the world: consumers are getting more and more pessimistic. This certainly has a negative effect on consumption, dragging the Swiss GDP number lower, as the economy faces a recession.

Forex Technical Reaction: The swissy traded mixed in the Asian session, running sideways of the neutral pivot point (1.1580)