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USD/CHF: Why parity may prove to be a near-term top

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US traders are off to the races once again, and just like every other day this week, there’s a risk-on tone to early trade. Today’s bullish catalyst for risk-on data was some good old-fashioned solid economic data. The US Department of Labor’s weekly initial jobless claims report showed only 262k new unemployment claimants, the lowest reading of the year and nearly 25k below the reading of just two weeks ago. The uptick in jobless claims, one of the economy’s most timely (if noisy) indicators,

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