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12 Mar 2013
Forex: USD/CHF holds downside at 0.9440
The USD/CHF moved as low as 0.9436 and remained subdued to the 0.9430 support for the NY opening, then allowing the current bounce towards 0.9460 and the opening price levels, around 0.9473. The empty calendar is practically empty for the rest of the day.
In the week ending at March 3, the yearly rise of the Redbook index was from 2.2% to 2.7% after a weekly change of +0.6%.
February business optimism rose from 88.9 to 90.8 in February, but market consensus was aiming at 91.3, which means a disappointing result according to NFIB data.
Germany WPI came in at 0.1% in February (MoM), below 0.3% consensus. CPI and HICP came in at 0.6% and 0.8%, respectively, as expected. France current account deficit widened from €-3.8B (revised from €-3.6B) to €-5B in January.
Mataf.net analysts point to resistance at 0.9495, 0.9525 and 0.9550. On the downside, supports might be found at 0.9465, 0.9415 and 0.9390.
In the week ending at March 3, the yearly rise of the Redbook index was from 2.2% to 2.7% after a weekly change of +0.6%.
February business optimism rose from 88.9 to 90.8 in February, but market consensus was aiming at 91.3, which means a disappointing result according to NFIB data.
Germany WPI came in at 0.1% in February (MoM), below 0.3% consensus. CPI and HICP came in at 0.6% and 0.8%, respectively, as expected. France current account deficit widened from €-3.8B (revised from €-3.6B) to €-5B in January.
Mataf.net analysts point to resistance at 0.9495, 0.9525 and 0.9550. On the downside, supports might be found at 0.9465, 0.9415 and 0.9390.