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Switzerland: SVME – PMI returns to expansion in April

FXstreet.com (Barcelona) - The Swiss SVME – Purchasing Managers' Index returned to expansion rising to 50.2 points in April, from 48.3 points in March, the Schweizerischer Verband für Materialwirtschaft und Einkauf reported on Thursday. Market experts projected an increase only to 49 points.

Forex: USD/CHF bouncing towards 0.9300 ahead of PMIs

The USD/CHF is climbing the chart after finding support at 0.9250 in yesterday trading in reaction to the FOMC meeting. The bouncing movement is only few pips from reaching the 0.9300 mark.
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Forex: USD/CHF testing session highs at 0.9300 after Swiss PMI

The USD/CHF moved higher Thursday ahead of the vaunted action out of the ECB later this afternoon during European trading. In these moments the cross is now trading near session highs, which also is testing the 0.9300 barrier. At this level, the pair has notched a solid advance of +0.18%.
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