Switzerland - Producer Price Index (PPI)
Tomorrow, at 08:15 am GMT, the Swiss Federal Statistics Office will release the monthly Producer Price Index (PPI), which measures changes in the prices of goods and raw materials purchased by Swiss manufacturers during the previous month.
Binary options traders view the Swiss Producer Price Index (PPI) to be a leading indicator of consumer inflation because any significant increase in raw materials is passed on to buyers of final products by manufacturers. Thus, any increase in the producer price index indicates an increase in prices at the consumer level, which contributes to the overall national inflation.
Last month, the Swiss Producer Price Index fell -0.1% and expectations for September were set for an additional decline of -0.2%.
US - Retail Sales Report
On Thursday, at 01:30 pm GMT, the US Census Bureau released the National Monthly Retail Sales figure, which measures the change in the total value of all retail sales made in the country over the past month.
Retail sales data is viewed by binary options investors as a key gauge of consumer spending and confidence. This is because when consumers are confident about their financial position in the future, they tend to spend more money.
In August, the value of US retail sales remained unchanged at 0.0%, and Expectations for this are a slight decrease in value, at -0.1%
Trading recommendations for the USD/CHF currency pair
Over the past few months, the USD/CHF has mostly remained between 0.9500 and 1.0000 levels. Last week, the USD/CHF fell to the intermediate support around 0.9650, and then produced a bar
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