Market Updates: Swiss CPI Fell by 0.3% in January - Forex News by FX Leaders

Market Updates: Swiss CPI Fell by 0.3% in January

Posted Monday, February 11, 2019 by
Arslan Butt • 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.

Good luck!

 

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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