Tatiana Kashyrskaia
According to the data published by the Swiss Federal Statistical Office, the producer and consumer prices increased in December.
The index reached 0.1% during the reporting period after showing no change a month before. Most experts had expected the index stay unchanged in December.
The year-over-year index reached 1.0%. it declined by 0.2% against November’s readings (1.2%). According to the preliminary forecasts, the index was expected to reach 0/8% during the reporting period.
As for the PPI, it reached 1.3% (y/y). it gained 0.1% against November’s readings.
Forex.
According to , the Swiss Franc is retracing against the US Dollar. The experts report that USDCHF is currently forming wave А/В of level Daily2.
A further rally will probably encounter resistance around 0.9422/33. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 0.9119 (as shown below).
Tatiana Kashyrskaia
