All eyes will be on the NFP report out of the US, where economists predict less than 100K job additions and over 50K job losses on the manufacturing sector. The labor force participation rate is also called lower while the unemployment rate is expected to rise. The ISM Manufacturing report will also expected to move the US Dollar and anticipated to show its second consecutive month in contractionary territory. How will the USDCHF react after the release of today’s economic data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Forex traders will get Swiss CPI data today which is expected to show the lack of inflation. The Swiss Franc is likely to remain on track to strengthen further due to the capital inflow from risk averse investors. The global economy is slowing down further as evident in this week’s economic reports and forex traders are now focused on the October NFP report out of the US. How will this impact price action in the USDCHF? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this currency pair.