USD/CHF continues to trade in its 3-week-old range. US Dollar Index stays flat near 99.80 in quiet day. Industrial Production in Switzerland expanded in first quarter. The USD/CHF pair is fluctuating in a 30-pip range on Monday amid thin trading conditions. As of writing, the pair was trading in the middle of its three-week-old range at 0.9715, gaining 0.06% on a daily basis. Earlier in the day, the data published by Swiss Statistics revealed that Industrial Production in Switzerland expanded by 0.8% on a yearly basis in the first quarter. This reading followed an increase of 1.4% in the last quarter of 2019 and was largely ignored by the market participants. Meanwhile, major European equity indexes, with the exception of the UK’s FTSE 100, are posting strong gains on Monday to point out to a strong risk appetite at the start of the week. DXY moves sideways below 100 Although the CHF is struggling to find demand as a safe-haven, the greenback’s uninspiring performance is allowing the pair to remain stuck in its range. Financial markets in the US are closed in observance of Memorial Day and the US Dollar Index is staying unchanged on the day near 99.80. On Tuesday, Trade Balance data will be released from Switzerland at 0900 GMT. Later in the day, New Home Sales, Conference Board’s Consumer Confidence Index and Dallas Fed Manufacturing Index from the US ill be looked upon for fresh impetus. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Price Analysis: US stocks en route to the 3000 mark and beyond FX Street 3 years USD/CHF continues to trade in its 3-week-old range. US Dollar Index stays flat near 99.80 in quiet day. Industrial Production in Switzerland expanded in first quarter. The USD/CHF pair is fluctuating in a 30-pip range on Monday amid thin trading conditions. As of writing, the pair was trading in the middle of its three-week-old range at 0.9715, gaining 0.06% on a daily basis. Earlier in the day, the data published by Swiss Statistics revealed that Industrial Production in Switzerland expanded by 0.8% on a yearly basis in the first quarter. This reading followed an increase of 1.4% in the last… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
