- USD/CHF has dropped as the risk-off impulse is losing strength.
- A full-blown recession in the US economy could trigger a 15-20% fall in S&P500.
- A meaningful decline in the US PPI might trim inflation projections further and will also weigh on wage growth ahead.
The USD/CHF pair has sensed selling pressure after failing to surpass the critical resistance of 0.9280 in the early Asian session. The Swiss franc asset has picked offers and has dropped to near 0.9240. It seems that the risk-off impulse is fading away as the United States markets will open today after a stretched weekend on account of Martin Luther King Jr. Day.
On Monday, the S&P500 futures witnessed a moderate fall amid holiday-inspired anxiety among the market participants. No doubt, the 500-stock basket is displaying signs of recovery from the past few weeks as the Federal Reserve (Fed) is expected to reach the terminal rates sooner and is…
