This week, the USDCHF has experienced an upward price movement, consistently remaining above the key swing area range of 0.89347 to 0.89472. The price surpassed this range in yesterday’s trading session and has maintained its position above this threshold today. Looking upwards, there’s a notable trend line at 0.8984, followed by a significant range between
RBC Capital Markets provides a comprehensive look into the Swiss franc (CHF) as the Swiss National Bank (SNB) gears up for its third quarterly meeting of the year. The financial giant discusses its favourite CHF trade and offers an analysis of positioning in CHF pairs, notably USD/CHF. Key Points: SNB Meeting Anticipation: The forward curve
Share: USD/CHF trades higher around 0.8910 on the back of Greenback’s recovery. US inflation is expected to appreciate; any deviation could influence the sentiment toward the pair. BoJ Governor Kazuo Ueda’s hawkish remarks contributed to USD weakness. USD/CHF struggles to recover from the previous day’s losses ahead of the release of the US
Share: Mixed US Nonfarm Payrolls data initially fails to boost USD, but ISM Manufacturing PMI lifts sentiment. Swiss inflation exceeds estimates, but weak Retail Sales could deter SNB from tightening. The upcoming Federal Reserve meeting on September 14 could be a key event for the pair. The Swiss Franc (CHF) losses traction against
Share: USD/CHF declined for a third consecutive day to 0.87800, below the 20-day SMA of 0.8800. US JOLTs from July came in lower than expected, which fueled a decrease in US bond yields. Hawkish bets on the Fed for November remain high—markets pricing in rate cuts In June 2024. On Tuesday, the USD faced
Share: USD/CHF shows mild gains near the 0.8800 area. The pair continues to trade sideways since early August. Hawkish comments from Fed’s Thomas Barking gave the USD a boost. Investors await Powell’s speech on Friday and Wednesday’s US August PMIs. On Tuesday, the USD/CHF traded with mild gains, near the critical 0.8800 zone.
The USDCHF has chopped parsley higher this week. On the downside, a swing area support held near 0.8742. On the top side, there were some modest moves above a swing area high near 0.88193 that failed. However, as we head closer to the close for that week, the price is retesting that swing area between
DOLLAR INDEX, USD/CHF PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free USD Forecast Most Read: US Dollar Forecast: ‘Soft Landing’ Narrative Gains Traction Post FOMC US DOLLAR, FITCH RATINGS DOWNGRADE The US Dollar and Dollar Index (DXY) faced a slight pullback as yesterday’s US session began winding down as Fitch Ratings Agency