Swiss franc : (9month8day)

瑞士联邦经济总局(SECO)上周公布瑞士第二季实质国内生产总值(GDP)Growth compared to the previous season0.4%, estimated to be growth0.2%；较上年同期成长2.3%, estimated to be growth2.4%。另外，瑞士联邦统计局周二公布瑞士8Monthly consumer price index(CPI)Decreased compared to the previous month0.3%, up from the same period last year2.9%，市场原预期8monthCPIThe annual growth rate is3.1%。数据显示瑞士经济第二季加速增长，而通胀率自15年高位回落。GDP季率略好于预期，不过年率略逊于预期，较上年同期增长有所放缓，但GDP仍保持在较有活力的水准。消费者物价指数(CPI)数据亦表明通胀率已经触顶，因此预期瑞士央行将按兵不动。

波浪理论分析，瑞郎仍运行大型第(V)Within the waves(3)Within the waves4Stretching within the waves(c)浪。瑞郎在3month17Daily high0.9644完成大型的第(V)Within the waves(3)Within the waves3伸延浪，由0.9644开始至现在仍运行大型的第(V)Within the waves(3)Within the waves4伸延浪，即由0.9644to08-05-2008Low order of1.0626为第4Stretching within the waves(a)Waves,1.0626to7month15Daily high1.0010为第4Stretching within the waves(b)Waves,1.0010至现在为第4Stretching within the waves(c)浪，预料此第4Stretching within the waves(c)浪最终目标将下跌至1.15Horizontal.

瑞郎上周亦见跌势连绵，只是跌幅尚比较起其他主要货币为少，因其避险角色一定程度做成支撑，至周五低位见至1.1190。图表指标所见，RSIandSTC亦见处于持续弱势，而其早前争持幅度亦见冲破，倾向在本周再会下行。过去一个月瑞郎亦只于1.08to1.11区间争持，目前破位后，技术上延伸300点跌幅可至1.14水平，预计较近延伸支持则会看1.12水平。阻力则预计在1.08, also for250天平均线位置，瑞郎若明确回破此区，再可摆脱近月来之疲弱势头。短期较近阻力则先看5Balance moving average1.1090and10Balance moving average1.1040Horizontal.

(Analysis provided by the Research Department of King Financial Group's Cross Harbour)