USDCHF
April 1, 2016, 10:36
Sell on a level breakthrough of 0.9571 with 0.9475 target. Stop loss = 0.9640.
Reason for the trading strategy
In February, the retail sales in Switzerland decreased by 0.2% (m/m), with a forecast of a 0.5% (m/m) decline. The statistics, which signaled a contraction in consumer spending, did not put any pressure on the franc. The US statistics do not exude any optimism either. Last week, the number of jobless claims in the US increased by 11 thousand to 276 thousand, with a forecast of 265 thousand.
April 1, 2016, 10:36
Sell on a level breakthrough of 0.9571 with 0.9475 target. Stop loss = 0.9640.
Reason for the trading strategy
In February, the retail sales in Switzerland decreased by 0.2% (m/m), with a forecast of a 0.5% (m/m) decline. The statistics, which signaled a contraction in consumer spending, did not put any pressure on the franc. The US statistics do not exude any optimism either. Last week, the number of jobless claims in the US increased by 11 thousand to 276 thousand, with a forecast of 265 thousand.
Fall in retail sales did not scare the Swiss franc
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