Trade Desk Thoughts - Swiss PPI

Swiss PPI Actual -0.5%, Expected -03%, Previous -0.5%

Release Explanation: The PPI measures the rate of inflation of manufacturers when purchasing Goods and Services; the rate of Inflation at the factory Gate. An increase in the price of raw Goods and services usually gets passed on to the consumer, therefore this is the first stage on Retail Inflation.

Trade Desk Thoughts: The Producer Price Index in Switzerland decreased in September by -0.5%. The Swiss PPI shows deflation for the time being, after in previous months, producer inflation reached a new record in Switzerland. This is the second consecutive month in which the inflation rate has slowed.

Forex Technical Reaction: The release from Switzerland went unnoticed in the currency market. Since the Asian session began, the swissy (Usd/Chf) gained 50 pips and is now trying to close the Sunday gap.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.