AUDCHF Bullish breakoutHere we see a breakout from the weekly downtrend resistance, It broke through and made a retest making the resistance a support. Having the CHF in our side, this will surely be a long trend for the rest of the week.
Audchfbull
Aussie certainty Vs Swiss uncertaintyAussi:
CPI (QoQ) (Q3): weak
Trimmed Mean CPI (QoQ) (Q3): stable
PPI (QoQ) (Q3): stable
Caixin Manufacturing PMI (Oct): strong ( High sensitive)
Probability of rate cut: Aussie cash rate futures are showing 87% odds of the RBA staying flat for next week (Nov 5).
Swiss franc:
ZEW Expectations (Oct): weak
KOF Leading Indicators (Oct): strong
SNB's Jordan:
Cites the dangers of shrinking interest rate spread
Negative rates and readiness to intervene in FX still essential to keep the pressure on the franc
Cannot say when Switzerland will return to a positive rate
Retail Sales (YoY) (Sep): strong
CPI (MoM) (Oct): weak
procure.ch PMI (Oct): forecast strong (due)
