All eyes are on the Greek bailout deal, as the troika and the Greek government try to hammer out a deal. The Greek parliament must approve a deeply unpopular austerity package, which promises to be a tough battle. With so much at stake for the eurozone on this vote, the news out of Athens this week promises be anything but dull.

In the US, Producer Price Index (PPI); primary sign of consumer inflation that value the producer’s price change of finished goods and services, deduction is expected from 0.3% on December down to 0.1%. Meanwhile no change is predicted in the Core PPI (not including food and energy) and 0.1% on this month as well.

With the S&P cutting the credit rating for France and other European countries, the news in Europe continues to be grim, and the franc will likely be affected as well.

In the US, Import Prices, value the prices for imported goods and services, affects the businesses and consumers inflation, about to rise up from -0.6% on November to 1.0% now.

In the US, Unemployment Claims, weekly report to value the persons that filed for joblessness insurance, rise is predicted from 390K up to 396K.

In the US, Unemployment Claims, value the persons that on the first time filed for unemployment insurance over the passing week, rise of 1K is expected up to 405K.

The improvement in the global sentiment weakened the US dollar and this also helped the Swiss franc. USD/CHF closed lower after three weeks of gains.

In the US, Unemployment Claims the number of Americans filing their initial unemployment claims increased more than predicted to 428,000 from 417,000 in the preceding week indicating uncertainty in the job market. A drop to 419,000 is predicted now.

The upcoming week consists of 2 important indicators. Here is an outlook for these indicators, and an updated technical analysis for USD/CHF.

Jackson Hole Symposium (Day 1), Financial Symposium in Jackson Hole Wyoming for central bankers, finance ministers, academics, and worldwide economic market participants.