CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
The US inflation data is out!
Information is not investment advice
US Monthly PPI will be announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
In any market, the price is the reflection of demand. Producer Price Index is an aggregate indicator of prices of finished goods and services sold by producers in the US. 40% of the PPI is taken by the food and energy sector so there is also Core PPI which excludes those two sections of the market to present more balanced data. The last three times, both PPI and Core PPI were above the market expectations – that confirms that the US economy is recovering, even if it’s not as fast as the people would like it to happen. Therefore, if the coming figures will be higher than the forecast, the USD will rise on the optimism of economic recovery.
- If the data is better-than-thought, the USD will rise.
- Otherwise, it will fall.
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Volatility for the EUR is coming
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
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Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
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