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September 14, 2021

Daily U.S. Session Watchlist: USD/CHF

 Uncle Sam is printing its inflation numbers today so I figured you won’t miss the chance to trade the Greenback.


Will the release finally break USD/CHF’s range?


Before moving on, ICYMI, today’s Asia-London session watchlist looked at GBP/AUD for a straddle play ahead of economic releases from Australia and the U.K. Be sure to check out if it’s still a valid play!


And now for the headlines that rocked the markets in the last trading sessions:


Fresh Market Headlines & Economic Data:

OPEC sees Delta variant weighing on oil demand before 2022 growth

Australia’s house prices post record quarterly rise

NAB’s August business survey reflects uncertainty, deterioration in Victoria

RBA Gov. Lowe: Australia won’t see any interest rate hikes for years thanks to the Delta outbreak

Conservative PM concedes defeat in Norway’s elections

Hurricane Nicholas makes landfall, pounds coastal Texas, Louisiana with rain

UK employee numbers surge above pre-pandemic level

Dollar steadies below 2-1/2 week high before inflation data; Aussie swoons

Sterling steadies near 5-week highs after labour market data

Upcoming Potential Catalysts on the Economic Calendar:

U.S. NFIB small business index at 10:00 am GMT

U.S. CPI reports at 12:30 pm GMT

Canada’s manufacturing sales at 12:30 pm GMT

If you’re not familiar with the forex market’s main trading sessions, check out our Forex Market Hours tool.


What to Watch: USD/CHF

In a few hours, Uncle Sam will publish its August inflation numbers. Word around is that monthly price increases have slowed down from 0.5% to 0.4%, while core CPI is projected to have steadied at 0.3%.



Take note that the report is one of the last clues we’ll have before Governor Powell and his gang meet up next week to decide on September’s monetary policy.

If price increases speed up much faster than markets have expected, then there will be more pressure on the central bank to make liquidity rain on the economy.


The safe-haven dollar could gain pips across the board and even break USD/CHF from its 175-pip range.


If price increases aren’t as extra as traders are betting, however, then the Fed will have more room to keep its policies easy. Risk appetite would boost higher-yielding bets and maybe even weigh on USD/CHF enough to drag it down to .9150.