EUR & CHF Weekly Forecast – Mid-Tier Swiss Reports Due

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A bunch of low-tier reports are lined up from the eurozone while the Swiss economy has a couple of releases that might be worth watching.

Low-tier eurozone data

Preliminary CPI readings from Germany, Spain, and Italy (Nov. 30) to show another round of price declines this month
Eurozone flash headline CPI (Dec. 1, 11:00 am GMT) to print 0.2% dip in inflation, core version to indicate another 0.2% uptick
German retail sales (Dec. 1, 8:00 am GMT) to post 1.1% rebound in spending
German unemployment change (Dec. 1, 9:55 am GMT) to show 10K increase in joblessness
German factory orders (Dec. 4, 8:00 am GMT) to post stronger 1.1% gain after earlier 0.5% uptick

Retail sales (Nov. 30, 8:30 am GMT) to post 0.6% increase in spending, stronger than earlier 0.3% uptick
KOF economic barometer (Nov. 30, 9:00 am GMT) to dip from 106.6 to 101.0
Q3 GDP (Dec. 1, 7:45 am GMT) to show 5.9% rebound in growth
Manufacturing PMI (Dec. 1, 9:30 am GMT) to fall from 52.3 to 51.5 this month
CPI (Dec. 2, 8:30 am GMT) to post 0.1% decline in price pressures

These lower-yielding European currencies tend to benefit from risk-off flows, although traders appear wary of the euro on account of rising COVID-19 cases in the region
Increased focus on vaccine developments and distribution could keep risk appetite in play, which would likely be bearish for the euro and franc

Based on the Stochastic oscillator, EUR/USD and EUR/CAD are giving off bearish vibes
Meanwhile, EUR/NZD is looking bullish in the overbought region

Moving averages for franc pairs suggest that CHF/JPY is in for more gains while GBP/CHF, CAD/CHF, and USD/CHF could slide