German factory orders Feb: -3.9% mom vs exp -1.6% mom vs prior 3.0% mom
Swiss unemployment rate Feb: 2.9% vs exp 2.9% vs prior 3.0%
Little reaction to the data as markets await ECB later today. Recent rebound in EUR/CHF suggests pull back from 1.1832 has completed at 1.1445 already. But the corrective pattern from 1.1832 could still extend with another falling leg before completion. Mario Draghi’s message will likely decide whether EUR/CHF will target 1.1832 first, or 1.1445 again first.
