CHF

SNB total sight deposits w.e. 29 November CHF 458.9 bn vs CHF 459.4 bn prior

• Latest data released by the SNB - 2 December 2024

Market Outlook for the Week of 2nd - 6th December

• The highlights of the week include the U.S. ISM manufacturing and services PMIs, Swiss inflation print and the U.S. and Canadian jobs market data

Switzerland November manufacturing PMI 48.5 vs 49.4 expected

• Latest data released by Procure - 2 December 2024

Switzerland November KOF leading indicator index 101.8 vs 100.0 expected

• Latest data released by KOF - 29 November 2024

Switzerland Q3 GDP +0.4% v +0.4% q/q expected

• Latest data released by SECO - 29 November 2024

Switzerland November UBS investor sentiment -12.4 vs -7.7 prior

• Latest data released by UBS - 27 November 2024

USDCHF Technical Analysis - Rangebound price action around the highs

• The USDCHF pair erased all the gains from the weak Eurozone PMIs and the dovish comments from SNB’s Schlegel. What’s next?

SNB total sight deposits w.e. 22 November CHF 459.4 bn vs CHF 463.4 bn prior

• Latest data released by the SNB - 25 November 2024

USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989

• USDCHF support at the 200-day MA at 0.88208.

USDCHF Technical Analysis - The USD gets a bid on weak Eurozone PMIs

• The USDCHF pair spiked to the recent highs this morning on weak Eurozone PMIs.

Swiss National Bank Chairman of the Governing Board, Martin Schlegel, speaking Friday

• Carlos Lenz, Head of Economic Affairs, SNB is also speaking

CHF traders note - Two Swiss National Bank speakers due Thursday, November 21

Switzerland October trade balance CHF 8.06 billion vs CHF 4.95 billion

• Latest data released by the Federal Statistics Office - 19 November 2024

USDCHF is backing off highs going back to July and back below 61.8% retracement

• The break above the 61.8% retracement of the move down from the May high at 0.88989 failed last week. The 100 hour MA is being tested.

USDCHF Technical Analysis – Will the US Dollar reach new highs?

• The USDCHF pair failed to extend the rally into new highs despite higher than expected US inflation data and a less dovish Powell. What’s next?