As can be seen from the four-hour chart, the pair US dollar/Swiss franc continues to trade in the long ascending corridor. Parity is overcome, the US dollar continues to strengthen. Pullback was shallow, and quote is now moving in the current trend and may update the previous high. About maintaining an upward trend signal indicators of technical analysis - moving average MA (50) show an increase, the MACD histogram bars above the zero mark. "Today, the publication of important economic news either in Switzerland or in America is not expected," - said the experts of Larson and Holz IT Ltd (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
A report on the number of new jobs created in the US private sector, excluding agriculture, showed that in the US economy appeared 252.000 new jobs in December against the expected 240.000 jobs. More impressive was the revision to the next higher figure for November, which rose to 353 thousand from the originally reported 321.000. Nevertheless, it is possible that the low level of unemployment was more concerned with the reduction of the level of economic activity, which fell by 62.7%; it was the lowest since 1970, according to some reports. In addition, average earnings fell by 0.2% for the month, and have not increased by 0.2%, as was expected by economists.
Impressive growth in earnings by 0.4% in November were revised down to 0.2%; pointing to the fact that in the economy there is still no significant wage growth, which ultimately leads to higher inflation. Overall employment report contained mostly good news but it was not strong in all directions, and it contains a number of serious drawbacks for those who vote in favor of the delay in raising interest rates.
