Forex: USD/CHF climbs off daily low ahead of US open
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USD/CHF
FXstreet.com (Barcelona) - Having posted a daily low at 0.9437, USDCHF has climbed to where it currently trades at 0.9454 ahead of the US open.
Spot is currently looking to make support at S1 at 0.9452, just above the hourly 200 MA at 0.9450. Calendar wise, the European session is over and the US is now in focus. US MBA Mortgage applications came in at 15% against a previous reading of -5%, PPL disappointed estimates at 2.1%/2.5% YoY, and -0.2%/0.1% ex Food and Energy MoM whilst Retail Sales came in lower than forecast at -0.3%/-0.2% MoM and 0%/0.2% ex Auto Sales MoM. Ahead Business inventories are due at 15:00 GMT before the FOMC minutes which are published at 19:00 GMT.
Elsewhere, European stocks are down whilst US futures are indicating some relief at the US open. Commodities are up whilst critical yields are down and stable.
Spot is currently looking to make support at S1 at 0.9452, just above the hourly 200 MA at 0.9450. Calendar wise, the European session is over and the US is now in focus. US MBA Mortgage applications came in at 15% against a previous reading of -5%, PPL disappointed estimates at 2.1%/2.5% YoY, and -0.2%/0.1% ex Food and Energy MoM whilst Retail Sales came in lower than forecast at -0.3%/-0.2% MoM and 0%/0.2% ex Auto Sales MoM. Ahead Business inventories are due at 15:00 GMT before the FOMC minutes which are published at 19:00 GMT.
Elsewhere, European stocks are down whilst US futures are indicating some relief at the US open. Commodities are up whilst critical yields are down and stable.
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