Tag Archives: 1.) FXStreet on SNB&CHF

Gold price hits a fresh two-month low amid bets that the Fed will keep rates higher for longer. The expectations were reaffirmed by the stronger-than-expected US CPI released on Tuesday. A softer risk tone lends support to the safe-haven XAU/USD and helps limit any further losses. Gold price (XAU/USD) extends its sideways consolidative price move and remains depressed below the $2,000 psychological mark, or a two-month low heading into the European session on Monday....

Share: The Swiss Franc is testing further high ground against the US Dollar on Thursday. Risk appetite is cranking up after US inflation data tips lower. US Dollar declines across the board ahead of the holiday market wrap. The USD/CHF slipped through the 0.8600 handle on Thursday as broader markets push over the US Dollar (USD), bolstering...

Share: In an interview with local television station TeleZueri, Swiss National Bank (SNB) Chairman Thomas Jordan said that he doesn’t rule out more interest rate hikes ahead. Jordan said, “if we see that the current monetary policy is not restrictive enough to ensure price stability in the long term, then we will have to make another interest rate move.” [embedded content]...

Share: Pound Sterling struggles for a direction as investors shift focus to the Q3 GDP data. A poor GDP report would elevate dovish expectations from various BoE policymakers. Rising energy prices have squeezed the UK’s consumer spending. The Pound Sterling (GBP) is stuck in a tight range as investors seem unwilling to build fresh positions...

Share: USD/CHF finds support at 0.9010, with buyers lifting pair to 0.9057 in late North American session. ‘Golden cross’ formation of 50-day moving average crossing above 200-day moving average opens door for bullish resumption. Sellers must push prices below 0.9000 mark and reclaim latest cycle low at 0.8887 to maintain control. The USD/CHF finds some support at around the 0.9010 area, though it failed to print a green day on Thursday after market participants...

USD/CHF extends gradual declines from the monthly top marked the last-Monday. A descending trend line support, 61.8% Fibonacci retracement may offer intermediate rests during the downside. 0.9745/50 can act as a buffer resistance beyond 100-HMA. USD/CHF remains under pressure while taking rounds to 0.9655, down 0.05% on a daily, amid the early trading session on Monday. The pair currently tests 50% Fibonacci retracement of its upside from March 27 to April 06....

USD/CHF traded with a positive bias for the sixth consecutive session on Monday. Bulls are likely to wait for a sustained move beyond the very important 200-DMA. The USD/CHF pair built on last week’s goodish positive move of around 300 pips and continued gaining traction for the sixth straight session on Monday. The pair climbed to near two-week tops in the last hour, with bulls now looking to extend the momentum further beyond the 0.9800 round-figure mark. The...

USD/CHF is trading up for the third consecutive day.  The level to beat for bulls is the 0.9700 resistance. USD/CHF daily chart USD/CHF is rebounding from the 0.9500 level while challenging the 50 SMA on the daily chart. DXY (US dollar index) is gaining some ground vs. most of its rivals. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart The spot is about to challenge the 0.9700 figure while trading above the 100/200...

USD/CHF finds decent support near 0.9500 mark and snaps four days of losing streak. The set-up warrants some caution before positioning for any further recovery move. The USD/CHF pair found a decent support near the key 0.9500 psychological mark and staged a goodish recovery on the first day of a new trading week, snapping four consecutive days of losing streak. The positive move lifted the pair to a short-term descending trend-channel breakpoint, turned resistance,...

US Dollar Index tumbles to fresh weekly lows at 98.73, down 4% from the top.  US data: Consumer Sentiment Index suffers second-largest monthly decline in March. The USD/CHF pair is falling for the fourth consecutive day amid an ongoing sell-off of the US dollar. The DXY approached earlier on Friday the 100.00 area and recently bottomed at 98.73, the lowest level since March 17. The US dollar remains under pressure, affected by lower US yields. After a short-lived...