Tuesday, 17 November 2009 22:27

USDCHF Analysis.
USDCHF stays in a trading range between 1.0035 and 1.0193. Moving sideways without trend in the range is expected later today. However, the price action from 1.0035 is more likely consolidation of downward trend from 1.0338, another fall towards 0.9900 is still possible after consolidation, and a breakdown below 1.0035 could signal resumption of downtrend.

 

20091117_usdchf_1

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Tuesday, 17 November 2009 22:22
(RTTNews) - Tuesday, major statistical reports due for the day include UK's consumer price inflation figures and the Eurozone trade balance. At 2.00am ET, producer price inflation data for October is due from Statistics Finland. Producer prices had dropped 9.4% annually and was down 0.2% on a monthly basis in September. At 3:00 am ET, Hungary's Central Statistical Office is scheduled to release average gross earnings for September. Economists expect average gross wages to increase 0.1% year-on-year, after the 0.6% growth seen in the previous month. Swiss retail sales figures for September are due from the Federal Statistical Office at 3:15 am ET. Sales had dropped 1% both on a monthly and yearly basis in August.
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