Situation with USD / CHF is not as dramatic as with JPY, and, nevertheless, the upward movement continues due to the strengthening of the US dollar. Currently, the US economy is the only island of stability with relative economic growth, while recession is widespread. The Fed's monetary policy leaves no chance, as other central banks are not so confident to raise the rates.
Recent macroeconomic reports from the United States show us an increase in industrial production output and an increase in the number of construction permits. This means that despite high inflation and the rise in the cost of loans, the economy is developing, and the outflow of capital from Europe shows us a good perspective on the employment market.
Next week, the focus will be on the publication of the US GDP report in the 3rd quarter, which is projected to grow by 2%; China's GDP also matters, as it affects the demand for safe assets. Most technical analysis tools indicate the effectiveness of the deals to BUY. We also believe that the deals on the trend will be the most effective and new highs will be reached, although a price correction is not excluded, given that the Stochastic oscillator indicates the overbought zone reached. Nevertheless, our choice today are the deals to BUY as the most promising deals.
