EUR/CHF Breaking Above A Channel

EUR/CHF is currently a neutered trade as the floor of 1.2000 put in by SNB is still in effect. The data coming from Euro Zone marginally affects it. The Swiss economy is not as gung-ho as it was some time back, which means the data from Switzerland will also not impact it for some time. So the pair is left to…

Market Notes: Tuesday June 17th, 2014

Morning Data: UK data disappoints CPI y/y @ 1.5% versus 1.7% expected Core CPI y/y @ 1.6% vs. 1.7% expected PPI Input m/m @ -0.9% vs. 0.1% expected PPI Output m/m @ -0.1% vs. 0.1% expected RPI y/y @ 2.4% vs. 2.5% expected HPI y/y is better @ 9.9% vs. 9.1% CPI bad for currency and HPI good…