{"id":121468,"date":"2018-02-12T05:59:07","date_gmt":"2018-02-12T10:59:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=121468"},"modified":"2018-06-01T15:42:21","modified_gmt":"2018-06-01T15:42:21","slug":"usdchf-forex-technical-analysis-preparing-for-inflation-data-in-switzerland","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/usdchf-forex-technical-analysis-preparing-for-inflation-data-in-switzerland\/","title":{"rendered":"USDCHF: Forex Technical Analysis – Preparing for inflation data in Switzerland"},"content":{"rendered":"
February 12, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Preparing for the publication of inflation data in Switzerland<\/strong><\/p>\n

The US dollar index rose by 1.7% in a week and demonstrated a maximum increase in 15 months. Perhaps its strengthening will continue in relation to some currencies as well. Will the USDCHF<\/a> grow?<\/p><\/blockquote>\n

Their increase indicates the strengthening of the US dollar against the Swiss franc. The main reasons for the US dollar growth are the expectations of the Fed rate hike at the meeting on March 21, 2018. Currently, it is 1.5%, while the rate of the Swiss National Bank is negative and equal to minus 0.75%. The difference in rates can contribute to the strengthening of the dollar. Note that on Friday, February 9, not so good data on unemployment for January came out in Switzerland. It rose to 3.4% from 3.3% in December. The next significant economic statistics in Switzerland will be published on February 12 – inflation for January. It is expected be 0.8% as in December year-over-year.<\/p>\n

\"USDCHF\"<\/p>\n

On the daily timeframe, USDCHF: D1<\/b> went to the top of the downtrend. The further price increase is possible in case of the publication of positive economic data in the US and negative in Switzerland.<\/p>\n