Share: USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near
Share: Economists at Citigroup expect the Swiss Franc (CHF) to weaken as the Swiss National Bank (SNB) may have ended its tightening cycle. CHF biased toward an extended period of underperformance The SNB’s pause at its September meeting at a 1.75% terminal rate likely signals an end to its tightening cycle which leaves CHF
USDCHF remains below the 0.8900 level. Sellers in control. The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% retracement at 0.88999, and Swing level near the 0.89000 level (see red circles on the chart above). Since then, the price
Share: The USD/CHF is seeing a thin bounce for Friday, churning towards 0.9050. The pair is holding steady after falling into the median range near major moving averages. Up Next: On Tuesday, an appearance from SNB Chair Thomas Jordan, US CPI inflation. The USD/CHF is on the high side for the week after Federal
The USDCHF is higher on the week, but the price action has been up and down, especially over the last 4 trading days. Technically, the price has been moving above and below technical levels like the: 200-day moving average currently at 0.8999, 100-hour moving average currently at 0.9044, and the 50% midpoint of the move
Share: USD/CHF drops sharply, signaling potential end to Fed’s rate hikes with investors favoring CHF. Pair’s fall below the 50 and 200-day moving averages at 0.9000 could lead to further declines. For recovery, USD/CHF needs to breach 0.9000, targeting the November 1 high at 0.9112. USD/CHF plummets in the mid-North American session on