Trading news

USD/CHF: Investors are preparing for a large-scale strengthening of the dollar _01/09/2016

Technical analysis and trading recommendations-https://fxpcm.com/en/fx/usdchf-investors-are-preparing-large-scale-strengthening-dollar-01092016


Market participants are waiting for release of key data this week - on the state of the labor market in the US data for August, which will be published on Friday in the 12:30 (GMT). From the presented data the Fed decision will depend largely on improving the interest rate in the United States at the next Fed meeting on 20-21 September. The growth rate is expected Non-Farm PayRolls of 180 000 new jobs. Strong data on the number of jobs will increase the likelihood of an early rate hike.
In anticipation of this event, traders adjust their positions in the foreign exchange market.


In Switzerland conflicting reports out today. SVME PMI for August was better than expected (51 vs. 50.5 forecast and 50.1 in July), retail sales, estimating the total volume of retail sales, and is considered an indicator of consumer confidence in Switzerland increased in annual terms in August for the July index (-2.2% vs. -3.1% expected and -3.9% in July), but still it remains in negative territory. In response to the publication of the Swiss franc weakened, pair USD / CHF rose nearly 50 points. However, the upward momentum of the pair USD / CHF in faded during the European session.


Left during the Asian session, the positive macroeconomic data from China helped commodity currencies. PMI (PMI) for the manufacturing of China in August rose to 22-month high of 50.4 (vs. 49.9 forecast). Readings above 50 indicate expanding activity.


"The arguments in favor of raising key interest rates have increased in recent months," - expressed as Fed Chairman Janet Yellen last week in Jackson Hole. More specifically expressed Fed vice Chair Stanley Fischer, who believes that the US central bank may raise interest rates next month.


Investors are preparing for a large-scale strengthening of the US dollar. The trigger may be it labor market data, published on Friday

Thursday, 01 Sep, 2016 / 10:44

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://fxpcm.com/en/fx/usdchf-investors-are-preparing-large-scale-strengthening-dollar-01092016

Trading news

 

Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under