USD/CHF:
The pair edged higher by the beginning of the day, breaking through 0.9220 resistance area, reaching as high as 0.9294, as mentioned before, that a break above 0.9220 will lead to retest 0.9300 resistance area, and today the pair is likely to continue with its upside risk, and a break above 0.9300 will lead to further upside toward 0.9350’s, as technical indicators are strongly positive.
Foreign Currency Reserves: An indicator that measures the change in the foreign currency reserve during the previous month, but the indicator has no impact on the markets.
Consumer Price Index: Also known as the consumer inflation index, which measures the change in the consumer prices and the price of the goods and services that have been purchased by consumers during the previous month.
United Kingdom
GBP/USD: The pair began the day slightly lower reaching as low as 1.5590 which represents a solid retracement level at 23.6%, while technical indicators has switched to negative during the morning session, with stochastic oscillator crossing over to the downside, and RSI turning down as well, the pair may extend its downside trend during the day along the week, the next obstacle support remains at 1.5590 while a break below that support will possibly lead toward 1.5420 this week or next week.
Halifax HPI: The change in the prices of homes (Nationally) and financed by Halifax Bank of Scotland during the previous month, the index usually has a medium impact as the schedule for the index is unknown sometimes.
Euro Zone
EUR/USD: The European currency dropped during the beginning of the day reaching as low as 1.3332 after S&P downgrades 15 EZ nations to negative credit watch, while technical indicators seen strongly negative, with stochastic oscillator crossing over to the downside, and RSI below 50% at 42%, while the pair could drop further during the day toward 1.3270.
Revised GDP: The final reading of the growth reading, in addition, it measures the change in the inflation adjusted of all goods produced by the economy during the reported quarter.
German Factory Orders: It measures the total change of new purchases orders placed with manufacturing; the index has a medium impact on the markets during the normal market conditions.