Here are the key factors to keep in mind today for British Pound trades:
- UK CPI: The UK CPI for May is predicted to increase by 0.4% monthly and by 2.4% annualized. Forex traders can compare this to the UK CPI for April which increased by 0.4% monthly and by 2.4% annualized. The Core CPI for May is predicted to increase by 2.1% annualized. Forex traders can compare this to Core CPI for April which increased by 2.1% annualized.
- UK PPI: The UK PPI Input for May is predicted to increase by 2.0% monthly and by 7.6% annualized. Forex traders can compare this to the UK PPI Input for April which increased by 0.4% monthly and by 5.3% annualized. The UK PPI Output for May is predicted to increase by 0.3% monthly and by 2.9% annualized. Forex traders can compare this to the UK PPI Output for April which increased by 0.3% monthly and by 2.7% annualized. The UK PPI Core Output for May is predicted to increase by 0.2% monthly and by 2.5% annualized. Forex traders can compare this to the UK PPI Core Output for April which increased by 0.1% monthly and by 2.4% annualized.
- UK RPI: The UK RPI for May is predicted to increase by 0.4% monthly and by 3.4% annualized. Forex traders can compare this to the UK RPI for April which increased by 0.5% monthly and by 3.4% annualized. The UK RPI Excluding Mortgage Interest Payments for May is predicted to increase by 3.4% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for April which increased by 3.4% annualized.
- UK House Price Index: The UK House Price Index for April is predicted to increase by 4.4% annualized. Forex traders can compare this to the UK House Price Index for March which increased by 4.2% annualized.
Here are the key factors to keep in mind today for Swiss Franc trades:
- Swiss Producer Import Prices: Swiss Producer Import Prices for May increased by 0.2% monthly and by 3.2% annualized. Economists predicted an increase of 0.3% and of 3.2%. Forex traders can compare this to Swiss Producer Import Prices for April which increased by 0.4% monthly and by 2.7% annualized.
- Swiss Industry and Construction Output and Swiss Industrial Output: Swiss Industry and Construction Output for the first-quarter increased by 8.1% annualized. Forex traders can compare this to Swiss Industry and Construction Output for the fourth-quarter which increased by 9.6% annualized. Swiss Industrial Output for the first-quarter increased by 9.0% annualized. Forex traders can compare this to Swiss Industrial Output for the fourth-quarter which increased by 9.9% annualized.
Should price action for the GBPCHF remain inside the or breakout above the 1.3170 to 1.3225 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.3195
- Take Profit Zone: 1.3805 – 1.3855
- Stop Loss Level: 1.3085
Should price action for the GBPCHF breakdown below 1.3170 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.3125
- Take Profit Zone: 1.2860 – 1.2900
- Stop Loss Level: 1.3195
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
