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Forex Flash: USD/CHF eroded 200 ma

FXstreet.com (London) - Commerzbank Analyst Karen Jones say’s that the USD/CHF has eroded the 200 week moving average at 9630 immediate pressure is maintained. Dips lower are likely to find that last weeks breached trend-line at .9472 acts as decent support now on any pullbacks and while above here the market will remain immediately bid.

American equity markets edge lower Wednesday

The US stock market experienced a soft opening and subsequent losses across the board Wednesday, surrendering some of yesterday’s gains. Earlier today in the United States, the Producer Price Index (YoY) has grown +0.6% in April, against expectations of +0.8%. In addition, the Producer Price Index ex Food & Energy (YoY) has yielded a growth of +1.7% in April, matching a projection of +1.7%.
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Forex Flash: Inflation Report sees no final swervin’ from Mervyn - Nomua

Nomura economists Philip Rush Andy Chaytor note that today´s BoE Inflation report has seen no major changes in King´s final appearance.
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