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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland ZEW Investor Sentiment fell to 19 in March 2014
FMPMonthlyReleased March 2014
Switzerland ZEW Investor Sentiment fell to 19 in March 2014, down 9.7 from February's 28.7 reading. The reading missed the 25 consensus by 6. ZEW Investor Sentiment has now declined for 3 consecutive months.
Latest Release
19
Actual
25
Consensus
28.7
Previous
Median Absolute Error
±7.5
across last 3 releases
Last Call
Mar 2014
Predicted: 20.28
Actual: 19
Error: +1.27
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
ZEW Investor Sentiment (Switzerland) was reported at 19.00 in March 2014. This missed the market consensus of 25.00 by 6.00. The reading fell from the previous value of 28.70.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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 March 2014.
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ZEW Investor Sentiment - CH
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About ZEW Investor Sentiment — Switzerland
DEFINITION
ZEW investor sentiment is a widely recognized financial indicator that measures the confidence and outlook of institutional investors in the German economy. It is based on a monthly survey of around 350 analysts and institutional investors, and provides valuable insights into the current and future economic conditions in Germany. This indicator is closely watched by market participants as it can have a significant impact on stock prices and overall market sentiment. A positive ZEW investor sentiment indicates a favorable outlook for the German economy, while a negative sentiment may signal potential economic challenges.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 (Mar 2014): actual 19, consensus 25. Prior reading (Feb 2014): 28.7. Before that (Jan 2014): 36.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.