Ella 
The USD/CHF pair attempted to retest the psychological 0.9000 level during the European session. The broader outlook for CHF assets remains bearish as the US dollar struggles to extend its rally despite strong US retail sales data.
S&P 500 futures posted some losses during the London session amid cautious market sentiment as the crisis in the Middle East deepens. U.S. stocks ended flat on Tuesday as investors looked ahead to the upcoming quarterly earnings season.
The U.S. Dollar Index (DXY) remains well supported above 106.00 as strong consumer spending in September showed that the U.S. economy remains resilient despite the headwinds of rising interest rates and a slow economic season.
The U.S. Census Bureau reported on Tuesday that consumer spending rose at a 0.7% pace in September, beating expectations for a 0.3% increase. The strong growth in retail sales was driven by rising demand for cars, more people eating out and higher gas prices.
Looking ahead, investors will be closely watching comments from Federal Reserve (FED) Chairman Jerome Powell on Thursday. Investors seem to be confused as to whether Jerome Powell will join his colleagues in supporting a neutral interest rate outlook or remain hawkish on the policy outlook.
As for the Swiss franc, the appeal of the Swiss franc remains optimistic amid the escalating conflict between Israel and Palestine. Safe-haven demand for the franc will remain positive as tensions in the Middle East rise.
