After ending Friday at 0.914, Dollar/Swiss climbs to 0.914 (up 12 pips) .
A good end to the trading week, USD/CHF is mostly flat this week, after ranging between 0.9159 and 0.9107 and is now at 0.914. (Start trading Dollar/Swiss at FXTM today).
This move comes while some more positive signs for Dollar/Swiss are out as United States Existing Home Sales published Thursday came out at 6.18 million, falling short of the 6.44 million projections and continuing its decline from the previous 6.48 million figure. United States Initial Jobless Claims published Thursday came out at 286,000, falling short of the 220,000 projections and continuing its decline from the previous 231,000 figure.
Nevertheless United States Crude Oil Inventories comes out at 515,000, above the estimate of -938,000. This is also a step forward from the previous data of -4.55 million. Data for United States Philadelphia Fed Manufacturing Index (Jan) released Thursday comes out at 23.2, beating projections of 20 and showing improvement over the preceding figure of 15.4. United States Building Permits beats expectations of 1.70 million with new data release of 1.87 million. This is also a step forward from the previous data of 1.72 million.
Outlook for rest of the week: The market is looking forward to the release of new data: Switzerland KOF Leading Indicators (Jan) is expected to come out at 106 when it's released Friday, this is a decline from the preceding data which was 107. United States GDP is projected to outperform its last figure with 5.4. It previously stood at 2.3; data will be released Thursday. United States Core Durable Goods Orders expected to decline to 0.4% while its preceding data was 0.8%, data will be available Thursday.