17 Jan 2014
EUR/CHF continues mild bullishness on light data
FXstreet.com (London) - EUR/CHF has started the session with choppy but continuing bullish trading.
Swiss import prices flat
Swiss producer import prices printed flat on the month in December, undershooting expectations of a 0.1 percent rise to make up for the 0.1 percent drop in November. Producer import prices closed out the year down 0.4 percent.
German courts to rule on OMTs
With little European data on the calendar today, the pair will likely continue it mild bullish trend. The one potential fly in the ointment could be the decision by the German Federal Constitutional Court which is due to announce its ruling on the constitutionality of the European Central Bank’s outright monetary transactions. The transactions were instigated by the ECB in 2012 in a move to draw down European bond yields – with the ECB buying up medium-dated government bonds of troubled Eurozone member state in the secondary market.
EUR/CHF has maintained its bullish trend since Tuesday, climbing from a low of CHF1.1185 to today’s highs at CHF1.2331 near to where the pair started the year. The pair is currently trading at CHF1.2329, up 0.09 percent on the day.
Swiss import prices flat
Swiss producer import prices printed flat on the month in December, undershooting expectations of a 0.1 percent rise to make up for the 0.1 percent drop in November. Producer import prices closed out the year down 0.4 percent.
German courts to rule on OMTs
With little European data on the calendar today, the pair will likely continue it mild bullish trend. The one potential fly in the ointment could be the decision by the German Federal Constitutional Court which is due to announce its ruling on the constitutionality of the European Central Bank’s outright monetary transactions. The transactions were instigated by the ECB in 2012 in a move to draw down European bond yields – with the ECB buying up medium-dated government bonds of troubled Eurozone member state in the secondary market.
EUR/CHF has maintained its bullish trend since Tuesday, climbing from a low of CHF1.1185 to today’s highs at CHF1.2331 near to where the pair started the year. The pair is currently trading at CHF1.2329, up 0.09 percent on the day.