22nd March DXY trade lower, break 103 to 102.60 NZDUSD: no trade, middle of s/r AUDUSD: break 0.67 buy to 0.6730 SL 10 TP 20 USDJPY: buy above 133 SL 90 TP 180 GBPUSD: buy 1.2315 SL 30 TP 80 EURUSD: upside and downside potential, watch the video USDCHF: sell below 0.92 SL 35 TP 90 USDCAD: sell below 1.3550 SL 30 TP 70 GBPJPY: buy above 163 SL 30 TP...
The Swiss franc is showing some strength on Tuesday. In the European session, USD/CHF is trading at 0.9238, down 0.58%. The turmoil which has roiled the financial markets over the past week has eased today. European stock markets are steady, and shares of UBS and Credit Suisse are both higher. The extraordinary measures taken on the weekend, namely, the emergency...
The USDCHF has been trading within the narrow range of 0.93 and 0.9237 (which coincides with the 38.20% Fibonacci retracement level). With the Swiss National Bank (SNB) interest rate decision due on Thursday, the USDCHF is likely to continue consolidating along this range. As the directional bias of the USDCHF is heavily dependent on the volatility of the DXY, a...
USD/CHF has rebounded on Tuesday, ending a rally that saw the Swiss franc climb over 1%. In the European session, USD/CHF is trading at 0.9344, up 0.40%. Switzerland released the February inflation report on Monday and the reading was higher than expected. CPI rose 0.7% m/m, up from 0.6% in February and above the 0.4% forecast. On an annualized basis, CPI climbed...
CADCHF broke the above trend line that market have been respecting for the last 2 years & 6 months. When a 2+ year trendline have been broken the market is trying to tell us something, if you look close enough you'll see market dropped 680 pips to break that trendline and is currently consolidating that move. When market decides to break the previous low made...
Switzerland National Bank officially announced the intervention in the FX market to stop the Swiss Franc depreciation, which confirms a regime change for the SNB. and their Hawkish monetary policy will strengthen the CHF and aim for a lower inflation, meanwhile the Bank of England hiked the rates slowly and with hesitations despite a very high inflation which...
Major central banks were in the spotlight this week, as the Federal Reserve and the European Central Bank raised rates by 50 basis points at their final meeting of the year. These moves overshadowed a 50 bp rate increase by the Swiss National Bank, where rate moves are unusual - this week's rate increase, which brought the benchmark rate to 1.0%, was only the...
Last week’s fall in the US Dollar after the October’s CPI was released has been quite rapid. Add in hawkish comments from the SNB’s Jordan, and it’s a recipe for USD/CHF to head lower. Indeed, the pair did move from a local high of 1.0147 down to 0.9398 in just three days. Is it time for USD/CHF to bounce? Notice the RSI in the bottom panel of the chart. It...
USD have been very strong this year. Nearly all currencies fall again USD CHF have been strong since 2000, it's not time for upside break out in 2012, because of the euro crisis, chf have been strong against EUR and so the SNB peg CHF with EUR at 1.2 in 2014, some how SNB is not able to peg CHF to EUR any more, so the peg is unlinked so there is no chance that CHF...
There is a shortage of US dollars. The Swiss National Bank has basically borrowed nearly $6.3 billion from the U.S. Federal Reserve's currency swap line facility, roughly double the amount drawn a week earlier, New York Fed data released on Thursday showed. This is the SNB having to provide liquidity for US-denominated debt holders in and around Europe and...
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. The central bank entered ZIRP (zero interest rate policy) between 2011 – 2015 before switching to NIRP (negative interest rate policy) with a rate of -0.75%, where it remained until June this year. And with seemingly...
Hey traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.10300 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
The Japanese yen continues to post strong swings this week and is up sharply on Friday. USD/JPY is trading at 134.67 in Europe, up 1.86% on the day. It's been a busy week, with the markets still digesting some dramatic moves by central banks. The Fed and SNB delivered massive salvos in their fight against inflation, and the BoE continues to tighten, albeit at a...
The Swiss franc has posted massive gains today after the Swiss National Bank raised interest rates by 0.50%. In the North American session, USD/CHF is trading at 0.9653, down a massive 2.91% on the day. It has been a week of central bank drama, which started with the Federal Reserve delivering a massive 0.75% rate hike. This was followed today by a Swiss shocker,...
Last week I got surprised by strong USD. Not one of the expected predictions came true and therefore no trades have been taken in the $ pairs. Last week news favored a stronger USD. Inflation is still unexpected high despite aggressive rate hikes. It seems a 0.5 hike for the next meeting on Wednesday is already fully priced in. Further hikes in the coming months...
With ECB hike in few on next meetings, then it can be time to start looking towards SNB to follow the ECB. SNB meeting is next week, June 16. USDCHF pattern looks bearish with sharp drop from 1.0070 region seen as wave A of an A-B-C pattern that can cause drop towards 0.94/0.93.
he Swiss franc is slightly higher on Thursday. USD/CHF is trading at 0.9596, down 0.39% on the day. Those of us who think "staid and steady" when the Swiss franc comes to mind will be forgiven for not recognizing the currency lately. The Swissie took riders on a roller-coaster in the month of May, as USD/CHF rose 300 points and broke above parity for the first...
GBPCHF is really undecided nowadays. It has a long lasting trend to fall since the January of 2000. Now it has formed a giant triangle bottoming at around 1.18. Now the Bank of England is in a rate hiking cycle while the Swiss National Bank does not indicate a rate hike any time soon, so a strengthening of the pound is very likely. Besides that, the shockwaves of...