Posts Tagged ‘USD/CHF’

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Political News Absorbs the Attention of Traders

Today, European traders are selling the most popular currency pair. The investor sentiment was shaped by yesterday's speech of ECB President Mario Draghi. The central banker said that the regulator dismissed the idea of tapering the quantitative easing program in the near future. He added that no monetary changes should be done until the inflation reaches the target level of 2% and holds steady there. Tomorrow, the inflation data will be […]

Swiss Franc Lacks Demand

Trading sentiment during the European session was mixed. While the euro is trying to recoup losses, the British pound is gaining momentum. Traders switched their attention to another European currency, the Swiss franc. Despite the weak US dollar and increased demand for safe haven assets, the Swiss national currency is not popular among traders. The USD/CHF pair almost touched 0.9420, but immediately started correction, staying near […]

Not All Safe-Haven Assets in Demand

It looks like the yen is the only safe haven asset that is able to stand up against the US dollar. Another major currency, which rarely draws the attention of the investors, does not even try to resist. The USD/CHF pair broke through the level of 0.9410. Judging by the pair dynamics, the bulls remain active. Experts are sure that the speech of Fed Chair Jerome Powell still provides support to the US […]

Euro Strengthens Ahead of ECB Meeting

Today, traders focus on the meetings of the ECB and the Bank of England. Experts note that the ECB will have more influence on the forex market than the BOE. Although investors do not expect the ECB to change its monetary policy, they are still waiting for hints about the future of the QE program, which determine the movement of the single European currency. Meanwhile, the euro is growing against the US dollar. Yesterday, the US dollar weakened […]

Who to Benefit from Weak Franc?

One of the few currencies that are still giving way to the greenback is the Swiss franc. The USD/CHF pair is trading near 0.9760 level coming to the Tuesday highs. At the beginning of the week, the pair corrected its movement. Meanwhile, the EUR/CHF pair is heading towards 1.15 level during the European trades. However, the Swiss monetary authorities benefit from the weak franc. They say the bearish trend in the franc favor economic prospects […]

Weak US Inflation Data Can Push Euro Up

Most experts are sure that the Fed will fulfill its promise to raise the funds rate one more time this year at the December meeting. Meanwhile, the United States is soon to release important macroeconomic data on inflation. The growth rate of consumer prices will give a hint about the readiness of the US economy for tightening the monetary policy. Market participants expect the US consumer price inflation to accelerate to 1.8%. Ahead of the report, […]

Traders Favor Gold and Swiss Franc

The Swiss National Bank came under the spotlight today. The central bank of Switzerland announced its rate decision. It decided to leave the interest rate unchanged at the level of -0.75%. Additionally, the bank presented its economic outlook and inflation expectations. The Swiss National Bank anticipates the headline inflation will decelerate to 0.3% this year from the current reading of 0.6%. However, traders ignored the week inflation outlook from the SNB. Today the USD/CHF […]

USD/CHF Rising Trendline Support Above 1.0000 — Forecast — February 14th 2017

In this video, the Trading Central looks at the currency pair USD/CHF for the February 14th session. USD/CHF — This pair is holding up well on the upside. Let's have a look. On the intraday 30-min chart, we can see that the pair is riding on a rising trendline, seen breaking above the parity level, last Thursday. Currently, the pair is trading above the 50-period Moving Average, the blue line shown on the chart. On the upside, […]

Swiss Franc and Gold Falling amid Strong Greenback

The US dollar keeps placing the European currencies under pressure. The swiss franc is losing ground despite better economic conditions in the country. According to the report, consumer activity in Switzerland increased with the corresponding indicator rising to 1.43 from 1.39. However, traders paid larger attention to the consumer sentiment statistics from the United States. Higher demand for the greenback pushed the USD/CHF pair to the 8-day high from 1.0310. Gold falls to support […]

Why I'm Shorting USD/CHF — Coleman

Ian Coleman of First 4 Trading is shorting USD/CHF at 0.9940. Ian Coleman: The monthly chart highlights the pair consolidating between two trendlines. This month we are going to post an AMR candle which is a reversal candle that keeps the focus to the upside. Looking at the weekly chart, you can see that this pair has broken out of a wedge formation and the 1.0250 area is going to be the focus. […]