Market Updates: Swiss CPI Fell by 0.3% in January
The consumer price index (CPI) fell by 0.3% in January 2019 compared with the previous month, reaching 101.3 points (December 2015 = 100).
Arslan Butt•Monday, February 11, 2019•1 min read
The Federal Statistical Office was expected to release Swiss Inflation data with a negative forecast of -0.2% vs. -0.3%. However, the actual figure has come out as worse than expected.
The consumer price index (CPI) fell by 0.3% in January 2019 compared with the previous month, reaching 101.3 points (December 2015 = 100). Inflation was 0.6% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).
Despite that, the USD/CHF is taking a bearish turn below a solid resistance level of $1.0005. The pair is likely to face strong support at $0.99910 and the bearish breakout of this level can push USD/CHF towards 0.9978.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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