Tag Archives: 1.) FXStreet on SNB&CHF

Share: The US Dollar trades softer across the board on Wednesday.  US Federal Reserve Chairman Jerome Powell is heading to Capitol Hill for his semi-annual testimony.  The US Dollar Index snaps an important support, looking bleak ahead of the ECB decision and NFP data. The US Dollar (USD) is facing some firm selling pressure on Wednesday...

The Swiss Franc edges lower against the US Dollar on the back of relatively low inflation in Switzerland, which indicates interest rates remaining low.  SNB’s Jordan says Swiss Franc rising in real terms is hurting Swiss exporters, SNB unlikely to pursue CHF-strengthening policies.  USD/CHF hits resistance at falling trendline, 50-week SMA.  The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Wednesday as traders continue to bet on a less-inflationary...

USD/CHF trades sideways near 0.8800 as the focus shifts to US economic data. The Swiss economy is expected to have growth at a moderate pace of 0.1% in the last quarter of 2023. Fed policymakers support holding interest rates unchanged in the range of 5.25%-5.50%. The USD/CHF is stuck in a tight range near the round-level resistance of 0.8800 since Friday’s trading session. The Swiss Franc asset struggles to find a direction as investors await the United States core...

EUR/CHF up over 3% from December’s lows. ECB President Lagarde looks ahead to growth rebound. Swiss Franc is broadly weaker across the majors market. EUR/CHF knocked into fresh multi-month highs on Monday as the pair steps into a ten-week peak above 0.9550. The Swiss Franc (CHF) has depreciated notably against the majority of its major currency peers in 2024, and is down 2.88% YTD against the Euro (EUR). European Central Bank (ECB) President Christine Lagarde hit...

Here is what you need to know on Wednesday, February 14: The US Dollar Index consolidates it’s gains early Wednesday after rising 0.7% to a fresh three-month high near 105.00 on Tuesday. Eurostat will release fourth-quarter Gross Domestic Product (GDP) data in the European session and there won’t be any high-tier data releases from the US later in the day. Several Federal Reserve (Fed) policymakers, including Chicago Fed President Austan Goolsbee and Atlanta Fed...

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...