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USD/CHF Signal - Swiss CPI - 06 Dec 2016

Signal details
Entry Price: 
1.0100
Close Price: 
1.0101
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
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Recently released inflation data from Switzerland showed that consumer prices fell 0.2% on a month over month basis in November. This was more than the expected 0.1% declines that was estimated. November's inflation report reversed the 0.1% increase from the month before.

The Swiss franc has been strengthening against the U.S. dollar largely on the geo-political issues in Europe. However, later today, U.S. economic data will likely provide some upside bias, especially with the nonfarm productivity figures on the tap.

It is ideal to purchase daily puts near 1.0100 for a 21:00 GMT expiry as positive data from the U.S. could see some recovery coming through in the USDCHF currency pair. The medium term trend remains to the downside and thus the PUT options on the retracement is ideal.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.