<\/p>\n
\n Share:<\/span><\/p>\n The USD\/CHF is trading directly into the 0.9000 major handle as US data beats drive the US Dollar<\/a> (USD) higher against the Swiss Franc (CHF) for Thursday.<\/p>\n US Gross Domestic Product (GDP) and Durable Goods Orders both firmly beat the street, vaulting over forecasts and sparking a bid in the Greenback, despite a soft miss for US labor figures that saw an uptick in Continuing & Initial Jobless Claims.<\/p>\n Next Tuesday will see Swiss Retail Sales figures. In the meantime, there’s\u00a0little Swiss economic calendar data for CHF traders to chew on following\u00a0Wednesday’s miss in the ZEW business conditions expectations survey, which slipped from -27.6 to -37.8.<\/p>\n US GDP expands at an annual rate of 4.9% in Q3 vs. 4.2% expected<\/a><\/p>\n US GDP<\/a> printed at a stellar<\/a> 4.9% for the annualized 3rd quarter, handily beating market forecasts of 4.2% and vaulting over the previous quarter’s 2.1% printing.<\/p>\n US Durable Goods Orders for September likewise came in well above the waterline, growing 4.7% for the month compared to August’s downward-revised -0.1% (originally printed at 0.2%).<\/p>\n US Initial Jobless Claims bucked the trend to come in below expectations, showing an additional 210K new jobless benefits seekers for the week into October 20th, compared to the previous week’s 200K (revised upwards from 198K).<\/p>\n The US Dollar is testing into the long side of 0.9000 against the Franc\u00a0after slipping from the price level last week, and is trading back into the 200-day Simple Moving Average (SMA).<\/p>\n\n
USD\/CHF Technical Outlook<\/h2>\n