GBP/CHF:FUNDAMENTAL ANALYSIS+PATTERN FORMATION LONG SETUP đź””
The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate, reported at -0.75%. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook.
The UK Markit/CIPS Manufacturing PMI for September is predicted at 59.0. Forex traders can compare this to the UK Markit/CIPS Manufacturing PMI for August, reported at 60.3. The UK Markit/CIPS Services PMI for September is predicted at 55.0, and the UK Markit/CIPS Composite PMI is predicted at 54.5. Forex traders can compare this to the UK Markit/CIPS Services PMI for August, reported at 55.0, and the UK Markit/CIPS Composite PMI, reported at 54.8.
The Bank of England is predicted to keep interest rates at 0.10%, and the Asset Purchase Target at ÂŁ875B. Forex traders can compare this to the previous Bank of England meeting where the UK central bank decided to keep interest rates at 0.10% and kept the Asset Purchase Target at ÂŁ875B. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook.
The forecast for the GBP/CHF turned bullish after this currency pair halted its most recent correction. Adding to upside pressures is the Ichimoku Kinko Hyo Cloud.
Can bulls pressure the GBP/CHF into its horizontal resistance area and recover the most recent sell-off?
The UK Markit/CIPS Manufacturing PMI for September is predicted at 59.0. Forex traders can compare this to the UK Markit/CIPS Manufacturing PMI for August, reported at 60.3. The UK Markit/CIPS Services PMI for September is predicted at 55.0, and the UK Markit/CIPS Composite PMI is predicted at 54.5. Forex traders can compare this to the UK Markit/CIPS Services PMI for August, reported at 55.0, and the UK Markit/CIPS Composite PMI, reported at 54.8.
The Bank of England is predicted to keep interest rates at 0.10%, and the Asset Purchase Target at ÂŁ875B. Forex traders can compare this to the previous Bank of England meeting where the UK central bank decided to keep interest rates at 0.10% and kept the Asset Purchase Target at ÂŁ875B. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook.
The forecast for the GBP/CHF turned bullish after this currency pair halted its most recent correction. Adding to upside pressures is the Ichimoku Kinko Hyo Cloud.
Can bulls pressure the GBP/CHF into its horizontal resistance area and recover the most recent sell-off?
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