World Economic Forum (WEF) Annual Meetings – Day 3, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility.

The Swiss franc gained over 200 pips against the dollar last week, closing at the 0.9330 level. The upcoming week is a quiet one, with only one release. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF.

The Euro had an outstanding week against the major currencies, and the Swiss franc took full advantage. However, the euro is vulnerable with the deep financial crisis in the eurozone, and we could see the dollar quickly rebound against the Euro and the franc.

In the US, Treasury Currency Report issued twice a year is a globaland detailed report of rate policies in various countries around the world is expected to be released today.

Here are all the details, and 5 possible outcomes for USD/CHF.

The SNB did not have any gifts for the markets, forecasting weak economic growth of 0.5% for 2012 and  expressing concerns about deflation if the Swiss franc does not depreciate. This may well force the central bank to raise the EUR/CHF of 1.20 in order to push the CHF lower.

Positive US figures released last week suggest careful optimism regarding the current US economic condition with another drop in weekly jobless claims to 364,000 and Consumer sentiment revised up to 67.7 Will this positive trend continue? The delay of the S&P report for the euro-zone to January should provide some relief as well.

In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, measures the number of employed people over the last month (without government & farming industry), rise is expected from 110K on October up to 131K.

Here are all the details, and 5 possible outcomes for USD/CHF.

Financial analysts are predicting that the Swiss economy will dip into recession in 2012. In addition, the Swiss franc is viewed as overvalued, hurting Swiss producers and adding to the gloomy economic outlook.

In theUS, Revised University of Michigan (UoM) Consumer Sentiment, consumer’s survey to value the present and upcoming financial conditions over the last month, a rise from 57.5 points on September up to 58.2 points this time is likely. Meanwhile the Revised UoM Inflation Expectations is expected to remain 3.2% similar to the previous report.