Thursday , January 23 2020
Home / Tag Archives: 1.) FXStreet on SNB&CHF

Tag Archives: 1.) FXStreet on SNB&CHF

USD/CHF Price Analysis: 21-day SMA, seven-week-old falling trendline question buyers

USD/CHF registers five-day winning streak, rises to a one-week high. A downside break of 0.9644 can refresh monthly lows. 38.2% Fibonacci retracement could lure buyers during further upside. USD/CHF takes the bids to 0.9700, following the intra-day high of 0.9702, while heading into the European session on Wednesday. The pair nears the key short-term resistance confluence including 21-day SMA 23.6% Fibonacci retracement of the pair November-January fall and a...

Read More »

USD/CHF consolidates in a range, below 0.9700 handle

USD/CHF consolidates Friday’s goodish intraday positive move. The prevalent cautious mood seemed to have capped the upside. The USD/CHF pair was seen oscillating in a narrow trading band below the 0.9700 mark on Monday and consolidated the previous session’s goodish positive move. A combination of supporting factors helped the pair to gain some follow-through positive traction for the second consecutive session on Friday and build on the previous session’s modest...

Read More »

CHF appears well placed to extend its advance in the near-term – MUFG

Analysts at MUFG Bank, point out that the Swiss franc has strengthened alongside the price of gold, perhaps reflecting debasement fears. They argue market participants are also questioning Swiss National Bank’s appetite for maintaining negative rates and intervening to dampen CHF strength. Key Quotes: “Market participants are also questioning whether the SNB will still has the same appetite to continue intervening in the FX market to dampen CHF strength. It follows...

Read More »

SNB can leverage its balance sheet if needed, Schlegel says

The Swiss National Bank (SNB) retains the ability to wage currency market interventions if necessary,  Martin Schlegel, one of the SNB’s alternate governing board members, said on Wednesday, according to Bloomberg. Key quotes The balance sheet is the result of our monetary policy. That means that if we need to loosen monetary policy we still have the room to expand the balance sheet. There is no alternative to the SNB’s negative interest rate, currently at minus...

Read More »

USD/CHF Price Analysis: Buyers look for entry beyond 0.9650/55

USD/CHF holds onto recovery gains from a 16-month low. 200-hour SMA will please buyers during a sustained breakout. Bears may aim for September 2018 low following the downside break of the recent bottom. USD/CHF confronts a one-week-old falling trend line resistance while trading around 0.9650 during early Friday. The pair recently ticked up to 0.9654 but failed to extend the rise. Hence, buyers will look for entry above 0.9650/55 area while targeting a 200-hour...

Read More »

EUR/CHF Price Analysis: Attempting corrective bounce amid oversold conditions

EUR/CHF is looking oversold, as per key daily chart indicator.  The hourly chart is reporting a triangle breakout.  A corrective bounce to the 5-day average hurdle could be in the offing.  EUR/CHF is looking to regain some poise from three-year lows reached on Wednesday. The pair is currently trading at 1.0775, representing marginal gains on the day, having hit a low of 1.0742 yesterday. That was the lowest level since April 2017. The bounce could be extended...

Read More »

EUR/CHF: Franc at 33-month high five years after SNB removed the cap

EUR/CHF is trading at 33-month lows near 1.0759.  The US added Switzerland to its current manipulators’ list.  The SNB removed the cap on the euro on Jan. 15, 2015. Five years after the Swiss National Bank (SNB) shocked the financial markets by abandoning the euro cap, the Swiss Franc is trading at 33-month highs against the single currency. The EUR/CHF pair dropped to 1.0759 on Tuesday, the lowest level since April 2017 and was last seen trading at 1.0766. Tuesday’s...

Read More »

US Treasury adds Swiss Franc back to its currency watch list – Bloomberg

The US Treasury on Monday added Swiss Franc (CHF) back to its currency watch list and urged Switzerland to adjust its macroeconomic policies to more forcefully support domestic economic activity, according to Bloomberg. The Treasury report released Monday said: Despite borrowing costs for the Swiss government being among the lowest in the world, fiscal policy remains underutilized, even within the constraints of Switzerland’s existing fiscal rules. The Swiss Franc is...

Read More »

USD/CHF Technical Analysis: Heavy inside monthly rising trend-channel, 0.9700 in focus

USD/CHF stays below the five-week-old falling trend line, 23.6% Fibonacci retracement. Bearish MACD increases the odds of the pair’s declines. Channel’s resistance, 50% Fibonacci retracement will question buyers during the recovery. USD/CHF registers modest changes while taking rounds to 0.9730 ahead of the European session on Monday. The pair recently reversed from a descending trend line since December 06 while also slipping beneath 23.6% Fibonacci retracement of...

Read More »

USD/CHF Technical Analysis: Sellers hopeful on Doji formation below monthly trendline

USD/CHF portrays buyers’ exhaustion despite the absence of losses since Tuesday. December month low will be the key to watch. USD/CHF trades mostly unchanged around 0.9730 while heading into the European session on Friday. The pair formed a Doji candlestick on the daily (D1) chart by Thursday’s end after recovering for the two consecutive prior days. Considering the candlestick formation indicating the reversal of the previous trend, coupled with the pair’s sustained...

Read More »