Written By : ForexAbode.com || Friday, 01 August 2014 18:20 GMT

USD/CHF Fundamental Analysis & Economic Strength Meter - August 2, 2014

The USD/CHF fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The USD/CHF economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.S. and Switzerland, which may affect the relative strength of the U.S. dollar versus Swiss franc.

USD/CHF - Recent economic releases

U.S.A.

USD: Markit PMI (preliminary): The services PMI was 60.9 and though better than the expected 59.8 but was slightly less than the previous 61.0. Composite PMI remained same as the previous at 61.
USD: Pending Home Sales: Year-over-year change was -7.3% and was down from the previous -6.9%. Same with the month-over-month change -1.1% which was negative as compared to the consensus (0.5%) as well as the previous 6.0%.
USD: Consumer Confidence: 90.9, quite positive as compared to the consensus (85.3) as well as the previous 86.4.
USD: ADP Employment Change: 218K, negative as compared to the consensus (230K) as well as the previous 281K.
USD: Gross Domestic Product Annualized - Q2 (preliminary): 4.0%, quite positive as compared to the consensus (3.0%) as well as the previous -2.1%.
USD: Gross Domestic Product Price Index (preliminary): 2.0%, positive as compared to the consensus (1.8%) as well as the previous 1.3%.
USD: Core Personal Consumption Expenditure - preliminary (Quarter-over-quarter in Q2): 2.0%, positive as compared to the consensus (1.9%) as well as the previous 1.2%. Same with the change in the personal consumption expenditure prices which rose to 2.3% from the previous 1.4%, while the expectations were for a rise to 2.0%.
USD: Interest rate was kept same at 0.25%.
USD: Fed's pace of purchase of mortgage based securities slowed down to the tune of USD 10 billion from the previous 15 billion. A reduction signals improvement in the economic situation and is positive for the U.S. dollar.
USD: Fed's pace of treasury purchase program: was also slowed down from previous USD 20 billion to USD 15 billion. This again signals confidence in the recovery of the economy and hence goes in favor of the strength of the US dollar.
USD: Jobless Claims: Initial jobless claims were 302K and negative as compared to the consensus (301K) as well as the previous 279K. The continuing jobless claims stood at 2.539 million against the previous 2.508 million.
USD: Chicago Purchasing Managers' Index: 52.6, negative as compared to the consensus (63.0) as well as the previous 62.6.
USD: Nonfarm Payroll: 209K, negative as compared to the consensus (233K) as well as the previous 298K.
USD: Average Hourly Earnings and Personal Income: The year-over-year change remained same at 2%. The month-over-month change came down to 0% from the previous 0.2%. There was no change in the month-over month change in the personal income from the previous 0.4%.
USD: Unemployment rate  increased unexpectedly from 6.1% to 6.2%.
USD: Personal Consumption Expenditure and Personal Spending: Year-over-year change came down from 1.8% to 1.6%. Same with the core PCE price index which came down from 1.7% to 1.6%. The personal spending saw a slight improvement from 0.3% to 0.4% in June.
USD: Markit Manufacturing PMI came down in July from the previous 57.3 to 55.8.
USD: Reuters/Michigan Consumer Sentiment Index: 81.8, negative as compared to the consensus (82.0) as well as the previous 82.5.
USD: ISM Manufacturing PMI: 57.1, positive as compared to the consensus (56.0) as well as the previous 55.3.

Switzerland

CHF: UBS Consumption Indicator: 2.06 as compared to the previous 1.80.
CHF: KOF Leading Indicator: 98.1 and negative as compared to the consensus (101.0) as well as the previous 100.5.

USD/CHF Economic Strength Meter ©

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USD/CHF fundamental outlook - Economic strength meter - August 2, 2014

USD/CHF fundamental outlook based of recent economic releases

USD/CHF fundamental outlook based on the relative strength of the economic releases.

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US Dollar-Franc Interest Rate Comparison
(For Carry Trade)
U.S. Dollar (USD)
0.25%
Swiss Franc (CHF)
0.00%
USD/CHF interest rate comparison
0.25%

 

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