Swiss Producer Price Inflation Up 0.4% In Nov, Sell USDCHF On Rebound!

forex sales min
forex sales min

The swiss producer price index rose 0.4%, from 0.2% in the previous month, passing forecast of 0.1% in the last month…

(Year-Over-Year) Swiss PPI rose -5.5%, from -6.6% in the previous month, passing forecast of -6.1% in the last month…

Market impact: This development should support the Swiss Franc against the U.S dollar, any rise for USDCHF pair should be limited by resistance levels, If seen that would be an opportunity to sell the pair on the rebound, immediate resistance 0.9875, support at the 0.9730 levels…

Further Reading

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MARKET DATA

UPCOMING ECONOMIC EVENTS