The EUR/CHF will start a new volatile week with focus on the SNB on Monday especially as investors on Friday to the end of the session drove the pair higher on expectations the SNB intervened and will raise the floor for the pair to 1.25.
Those expectations will be key to the movement on Monday especially if they materialize with key GDP figures from Switzerland due this week that might further stimulate the bank to move as growth slows.
Germany will start this week at 07:00 GMT with the GFK consumer confidence survey for December, where the confidence is expected to slip slightly to 5.2 from 5.3.
The euro zone will join the session at 09:00 GMT with the M3 money supply for October, with expectations the seasonally-adjusted three-month average could have expanded by 3.1% from 2.6%, while the annual index could have improved 3.4% from 3.1%.
During the day Germany will release the Consumer Price index second reading for November, where the monthly CPI index is expected to expand by 0.1% from the previous steady reading, while the annual CPI index could have slowed to 2.4% from the previous 2.5%.
Germany will also provide the CPI harmonised indexes for November in a second reading, with expectations the monthly index could have dropped 0.1% from the previous 0.1%, while the annual index is expected lower at 2.8% from 2.9%.
Originally posted here
