Source: PaxForex Premium Analytics Portal, Fundamental Insight The Swiss Manufacturing PMI for August is predicted at 67.3. Forex traders can compare this to the Swiss Manufacturing PMI for July, reported at 71.1.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight The Swiss CPI for April is predicted to increase 0.2% monthly and 0.3% annualized. Forex traders can compare this to the Swiss CPI for March, which increased 0.3% monthly and decreased 0.2% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

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?

This week was heavy on economic data across the globe and forex traders will get to finish on a high note with the release of the NFP report out of the US. Economists predict a slowdown in hiring, but still an overall solid report. US President Trump announced that he will impose 10% tariffs on $300 billion worth of Chinese imports starting September 1st, which means that the US would essentially tariff all imports. Will forex traders dump the USDCHF as they seek more safe havens?

Forex traders will get a light economic calendar on the first trading day of this week. Given the sell-off at the close of the US equity trading session on Friday and this morning’s risk-off session in Asia, safe haven assets such as the Swiss Franc are expected to outperform. Conflicting messages about a US interest rate cut by FOMC members has added uncertainty about the US Dollar. The USDCHF has been under selling pressure which only increased after this currency pair broke below parity. How long will this downtrend last?

As the Fed paved the way for monetary easing, how will the US Dollar be traded between now and July’s FOMC meeting? Bond yields plunged and global equities rallied. Regional US economic reports have showed an economy slowing much faster than expected which will make them even more important moving forward. Forex traders will also pay close attention to today’s US Leading Indicators Index which is anticipated to ease further.

With the trade war between the US and China intensifying and the likelihood of an escalation at the end of this month on the rise, how will the US Fed act on interest rates? The US Dollar is expected to remain under pressure and forex traders will take a close look at today’s Import and Export Price Index. Economists predict that price increases as a result of tariffs has largely been absorbed by companies, but will this trend continue? Which impact will initial jobless claims have on price action?

The USDCHF has been descending since the start of May and forex traders will get a double dose of US manufacturing data today which will include the key ISM Manufacturing Index. The prices paid and employment sub-indexes will be closely watched as the headline figure is expected to show an improvement over April. Economists further anticipate that construction spending rebounded from last month’s slump and that vehicle sales increased. Will economists be correct with their assessment and how will this impact the US Dollar?

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here is the key factor to keep in mind today for US Dollar trades: US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index for November is predicted at 0.20. Forex traders can compare this to the US Chicago Fed National Activity Index for October which was reported at 0.24. Here is the key factor to keep in mind today for Swiss Franc trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here is the key factor to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here is the key factor to keep in mind today for US Dollar trades: US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index for September is predicted at 0.22. Forex traders can compare this to the US Chicago Fed National Activity Index for August which was reported at 0.18. Here are the key factors to keep in mind today for Swiss Franc trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

Here is the key factor to keep in mind today for US Dollar trades:

Should price action for the USDCHF remain inside the 0.9250 to 0.9300 zone the following trade set-up is recommended:

Should price action for the USDCHF remain inside the 0.8700 to 0.8800 zone the following trade set-up is recommended:

The Swiss National Bank shocked global financial markets today as it abandoned is minimum exchange rate against the Euro which it introduced in September of 2011. This limit put a floor under the EURCHF at 1.2000 and the SNB has defended this level ever since then. This move was completely unexpected and no economists had forecasted the SNB to take this drastic measure.

Should price action for the USDCHF remain inside the 1.0150 to 1.0200 zone the following trade set-up is recommended:

Should price action for the USDCHF remain inside the 1.0090 to 1.0150 zone the following trade set-up is recommended:

Should price action for the USDCHF remain inside the 0.9875 to 0.9900 zone the following trade set-up is recommended:

Should price action for the USDCHF remain inside the 0.9825 to 0.9875 zone the following trade set-up is recommended:

Should price action for the USDCHF remain inside the 0.9560 to 0.9580 zone the following trade set-up is recommended: