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Brexit uncertainty and a chill ECB pushed EUR and CHF to the top spots last week.

With no major top-tier reports, will the European currencies extend their upswings this week?

Take a look at the major themes you need to watch out for!

Lower tier data

  • Industrial production (Sept 14, 9:00 am GMT) to ease from 9.1% to 3.7% in
  • ZEW economic sentiment (Sept 15, 9:00 am GMT) seen dropping from 64.0 to 51.5 in September
  • Trade balance (Sept 16, 9:00 am GMT) to reflect wider surplus (from 21.2B EUR to 25.1B EUR) in July

Switzerland’s economic releases

  • PPI (Sept 15, 6:30 am GMT) to improve from 0.1% to 0.3% in August
  • Trade surplus (Sept 17, 6:00 am GMT) to widen from 2.58B CHF to 2.9B CHF in August?

Demand for safe havens in the European region

  • The ECB’s chill approach to EUR’s gains will make it easy for traders to buy the euro during risk-averse trading sessions
  • Surprising statements from the Fed can inspire volatility for EUR/USD and affect other major EUR pairs
  • Brexit-related uncertainty can push traders away from EUR and GBP and into CHF

Technical snapshot

  • EMAs hint at potential retracement or reversal opportunities on EUR/NZD and EUR/CHF
  • EUR/AUD is seeing short-term bullish pressure
  • EUR remains bullish against GBP, JPY, CAD, and USD on the daily time frame
EUR Forex Pairs EMAs from MarketMilk
EUR Forex Pairs EMAs from MarketMilk
  • EUR saw the most volatility against GBP, NZD, JPY, and AUD in the last seven days
EUR Forex Pairs Volatility from MarketMilk
EUR Forex Pairs Volatility from MarketMilk
  • Watch out for potential reversals on EUR/CHF and NZD/CHF’s daily time frames
  • CHF remains on short and long-term bullish against CAD, JPY, GBP, and USD
CHF Forex Pairs EMAs from MarketMilk
CHF Forex Pairs EMAs from MarketMilk
  • The franc was most volatile against the pound, comdolls, and the yen in the last seven days
CHF Forex Pairs Volatility from MarketMilk
CHF Forex Pairs Volatility from MarketMilk

Missed last week’s price action? Read EUR and CHF’s price recap for September 7 – 11!