The EUR/CHF pair gained strength yesterday despite the German auction, where with the lack of major fundamentals from Switzerland, the euro was able to gain strength against the Swiss franc.
Today, the pair is expected to be very volatile and could fluctuate heavily with the lack of major fundamentals from the euro-area region and Switzerland; however, the focus will be on the sentiment and on investors’ appetite for risk.
The euro zone will start the session at 10:00 GMT with the Industrial New Orders indexes for October, where the non-seasonally adjusted annual index could have expanded by 3.3% from 1.6%, while the seasonally adjusted monthly index could have expanded by 2.5% from the previous drop of 6.4%.
The euro zone will also release the PPI indexes for November, where the monthly index is expected to remain steady at 0.1%, while the annual index could have eased to 5.2% from 5.5%.
Originally posted here
