By FX Empire.com
The EUR/CHF outlook for Monday is highly uncertain as the focus is still the debt crisis and what the leaders will say on Sunday.
The EU summit is the focus and although already investors see the decision might be delayed till Wednesday in the new summit that Germany and France called for, they are still at least looking for guidelines from leaders and that they are capable of bridging the differences and to present a comprehensive plan.
The data start on Monday with the advanced estimate for the sectors performance in October at 08:00 GMT. The PMI Services is expected to fall to 48.5 from 48.8 and the PMI Manufacturing is expected to fall to 48.2 from 48.5 and accordingly the Composite PMI is likely to weaken as well from September’s 49.1.
The Industrial New Orders for August are due at 09:00 GMT and expected to drop by 0.1% after 2.1% slump the previous month.
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