USD/CHF Fundamental Analysis February 8, 2012, Forecast

February 7, 2012 11:13 PM GMT

FXEmpire

Economic Events: (GMT)

There are no major economic events scheduled in Europe or the USA on Wednesday.

06:45     CHF        Unemployment Rate                                     3.1%                      3.1%


USD/CHF Fundamental Analysis February 8, 2012, Forecast
USD/CHF Fundamental Analysis February 8, 2012, Forecast

USD/CHF Fundamental Analysis February 8, 2012, Forecast

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Analysis and Recommendations:

The USD/CHF trading at 0.9136 down from 0.9227

 The USD began falling after reports of a final Greek settlement.

According to the Financial Times, Papademos has submitted a "final draft" of the terms of the bailout to party leaders, who are set to decide on the measures later Tuesday.

There has been no other news outside a lackluster Industrial Production Report from Germany.

The USD should rebound as soon as investors have had time to evaluate. The final draft from Greece, still needs to face the EU, ECB and IMF as well as Germany for approval.

Review of Tuesdays Economic Reports

00:01

 

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EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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