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USD/CHF Outlook
The Swiss franc enjoyed the global fears and touched a fresh record against the greenback. The upcoming week consists of a few interesting events. Here is an outlook for the upcoming events and an updated technical analysis for USD/CHF. Ben Bernanke played down the chances of QE3 in the US. This helped the dollar against many currencies, but not against the ultimate safe haven currency – the Swissy. UBS Consumption Indicator: Tuesday, 6:00. This large Swiss bank builds its composite index from 5 indicators. In recent months, the figure has stabilized at around 1.60. A small drop is likely now. KOF Economic ... (full story)