EUR/CHF Fundamental Analysis Jan. 18, 2012, Forecast
Economic Events:
04:00 EUR Italian Trade Balance -0.94B -1.08B
The Italian Trade Balance measures the difference in value between imported and exported goods during the reported month.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
05:00 CHF ZEW Expectations -72.00
The Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations Index rates the relative six-month economic outlook for Switzerland. On the index, a level above zero indicates optimism, below indicates pessimism. It is a leading indicator of economic health.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
Analysis and Recommendations:
Support and resistance levels S: 1.2033 1.205 1.2077
R: 1.2121 1.2138 1.2165
The Producer and Import Price Index in Switzerland fell 2.3% (YoY) in December,
This pair is a non story, nothing much happening and too much risk in either direction to trade the pair. Its hands off until a story unfolds. The pair is currently trading at 1.2095 just about even to the open today.
Originally posted here
