Ella 
EUR/CHF climbed 0.6% on Monday, with some market buying after a stronger-than-expected consumer confidence index to kick off the trading week, but investors will pay close attention to the EU Purchasing Managers’ release on Tuesday. People Index (PMI) data, as well as Wednesday’s European Central Bank interest rate decision and subsequent press conference.
The European consumer confidence survey for October was better than market expectations, recording -17.9, better than the -18.3 expected, but still slightly down from -17.8 in August.
The EU Purchasing Managers’ Index (PMI) for October will be released on Tuesday, with the composite PMI expected to rise slightly to 47.4 from 47.2. Traders will also be paying attention to ECB President Christine Lagarde’s speech when she attends a working dinner at the Bank of Greece on Wednesday.
The European Central Bank will announce another interest rate decision later on Thursday. The market is generally expected to maintain the main refinancing rate at 4.5%. However, the recent dovish comments made by ECB officials will definitely cause market reaction after the decision is announced.
