Tag Archives: CHF

GBP/CHF Could Surge As SNB Responds To ECB’S Policy; UK GDP Eyed

Fawad Razaqzada

It has been a slow day in the FX markets today after last week’s ECB-inspired sell-off in the euro had raised volatility across many currency pairs. But one currency that has caught some attention today is the Swiss franc, which has been sold heavily in response to comments from the Swiss National Bank’s Vice President. In a Swiss newspaper on Sunday Mr Fritz Zurbruegg said that the SNB would be analysing more…

USDCHF Buy Into Dips

Nenad Kerkez

While we are patiently waiting for FOMC meeting we need to know that interest rate differential between US and Switzerland definitely favors the dollar. Having a record unemployment rate at 5.1 % FOMC is a step closer to rate hike and recent Yellen comments suggested that China turmoil had no significant impact on FED’s plans about the hike. more…

USDCHF: Four-Decade Low in US Jobless Claims Could Overcome Bearish Technicals

Matt Weller

Last week, we highlighted a confluence of key resistance levels in the .9600-50 zone on USDCHF (See “USDCHF: Two Swiss-Cheese Style Holes on the Way to Parity” for more). As anticipated, the pair edged up into that area and has since turned lower to fall over 100 pips from the high set earlier this week. Now, the question on traders’ minds is “Where will the pair head next?” more…