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US: Headline Producer Prices rose by 2.4% YoY in October

The Bureau of Labor Statistics (BLS) reported a 2.4% increase in the headline Producer Price Index (PPI) in October, surpassing expectations. Meanwhile, the Producer Price Index excluding Food and Energy gained by 3.1% YoY.

On a monthly basis, the headline PPI rose by 0.2% vs. a month earlier and 0.3% when stripping Food and Energy costs.

USD/CHF Price Prediction: Breaks above 200-day SMA and continues higher

USD/CHF breaks above the 200-day Simple Moving Average (SMA) and extends its short and medium-term uptrend.
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US: Initial Jobless Claims rose to 217K last week

US citizens filing new applications for unemployment insurance rose to 217K for the week ending November 8, as reported by the US Department of Labor (DoL) on Thursday.
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