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8 Mar 2013
Forex: USD/CHF again at gains ahead of US
The USD/CHF retraced all Asian gains back to the daily opening during the European shift, but the pair is currently bouncing from there and printing gains again ahead of the US session. At the moment, it trades at 0.9435/40.
Switzerland CPI data came in line with expectations, with the same pace of 0.3% in February in both monthly and year-on-year basis.
Investors will be focusing on US NFP today. Consensus points to +160K added jobs in February, slightly increasing January's pace of +157K. The ADP employment figure released this week came in better than expected and prior month's figure was revised higher.
Mataf.net analysts point to resistance at 0.9455, 0.9490 and 0.9520. On the downside, supports might be found at 0.9410 and 0.9390.
Switzerland CPI data came in line with expectations, with the same pace of 0.3% in February in both monthly and year-on-year basis.
Investors will be focusing on US NFP today. Consensus points to +160K added jobs in February, slightly increasing January's pace of +157K. The ADP employment figure released this week came in better than expected and prior month's figure was revised higher.
Mataf.net analysts point to resistance at 0.9455, 0.9490 and 0.9520. On the downside, supports might be found at 0.9410 and 0.9390.