Yesterday, the EUR/CHF pair traded narrowly due to the low volume seen in the market, where several economies where still on holiday mode and with the absence of critical fundamentals from the euro-area region andSwitzerlandthe pair was barely moving.
The pair’s movement in expected to become more volatile by the end of this week, as many investors are to return from holidays, while the volume is expected to gradually improve by time, especially when all lights are focused on the euro-area region in the first quarter of this new year.
Today, the focus will be on the manufacturing data from Switzerland and the unemployment report from Germany, with expectations the manufacturing sector could have improved in the month of December, yet it will remain contracted, while Germany’s unemployment should remain unchanged according to median estimates.
Switzerlandwill start the session at 08:30 GMT with the PMI Manufacturing for December, which is expected to improve in the month to 45.4 from 44.8.
Germanywill join the session at 08:55 GMT with the unemployment report of December, where the seasonally adjusted unemployment rate is expected unchanged at 6.9%, while unemployment is expected to decline by 10 thousands compared with the previous decline of 20 thousands.
Originally posted here
