Latest Contributor Reports

Fundamental Analysis

Switzerland's Trade Surplus Rose In September

Typography

For the 24 hours to 23:00 GMT, the USD declined 0.51% against the CHF and closed at 0.9762.

In economic news, Switzerland's trade surplus widened to CHF2.9 billion in September, after recording a revised surplus of CHF2.2 billion in the prior month.

In the Asian session, at GMT0300, the pair is trading at 0.9822, with the USD trading 0.61% higher against the CHF from yesterday's close.

The pair is expected to find support at 0.9757, and a fall through could take it to the next support level of 0.9691. The pair is expected to find its first resistance at 0.9868, and a rise through could take it to the next resistance level of 0.9913.

Going ahead, Switzerland's ZEW expectations index and the UBS consumption indicator, due to release next week, will be on investors' radar.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

Author: GCI FinancialWebsite: http://www.gcitrading.com/
GCI Financial
DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.
More from the author