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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland FX Reserves held to 438.3B in April 2013
FMPMonthlyReleased April 2013
Switzerland FX Reserves held to 438.3B in April 2013. The reading matched the 427B consensus.
Latest Release
438.3
Actual
427
Consensus
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
FX Reserves (Switzerland) was reported at 438.30 billion in April 2013. This beat the market consensus of 427.00 billion by 11.30 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 23) and KOF Leading Indicators (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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FX Reserves - CH
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About FX Reserves — Switzerland
DEFINITION
FX Reserves, short for Foreign Exchange Reserves, is a financial indicator that measures the amount of foreign currency held by a country's central bank. These reserves serve as a cushion to maintain stability in the country's currency exchange rate and to meet any external payment obligations. FX Reserves are an important tool for governments to manage their economy and protect against potential financial crises. They are also closely monitored by investors and analysts as they can provide insights into a country's economic strength and potential risks.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 438.3 B, consensus 427 B.
WHAT'S NEXT
This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.