Swiss franc

USD/CHF: Potential bearish reversal forming at 14-month highs

By Matt Weller | July 13, 2018

If you were just to look at the where the major currencies are trading relative to yesterday’s US close, you’d think it’s been a pretty quiet day; after all, none of the majors are trading more than 0.3% from the day’s open as of writing. However, that apparent tranquility is masking some big moves (and subsequent reversals) over the last 20 hours.

Dollar rises as import tariffs boost inflationary pressures

By Fawad Razaqzada | July 11, 2018

Trade war concerns resurfaced overnight when news broke out that the United States will announce tariffs on further $200 billion of imports from China with levies of 10% on the products. China said it was “shocked” by the news and that it will have no choice but to retaliate, adding that the actions “were hurting China, hurting the entire world and hurting the United States itself.”

Risk assets rocked as US-China trade war intensifies

By Matt Weller | June 19, 2018

FIFA has trumped forex so far in trade this week, with the major currencies consolidating in relatively tight ranges against one another. The U.S. dollar is consolidating against its rivals so far today, gaining ground against the commodity dollars and pound sterling but losing ground against traditional safe havens such as the yen and Swiss franc.

EUR/CHF: Have bears regained the upper hand?

By Matt Weller | June 14, 2018

As my colleague Fawad Razaqzada noted earlier today, the euro spiked briefly after this morning’s ECB meeting before reversing violently back to the downside in a mirror of yesterday’s price action in the US dollar.

Pound recovers ahead of busy week

By Fawad Razaqzada | March 16, 2018

If sterling were to climb higher next week then its best bet would be against a weaker currency like the Swiss franc. The franc weakened a little yesterday after the Swiss National Bank reiterated its commitment in keeping monetary policy extremely loose and intervening in the forex market if necessary to weaken the currency. Thus, the British pound/Swiss franc (GBP/CHF) currency pair remains fundamentally supported.

Sentiment soothed as Trump agrees to meet Jong-Un

By Fawad Razaqzada | March 9, 2018

After an eventful week, sentiment among market participants has evidently improved. Perceived safe-haven assets like gold, Japanese yen and Swiss franc, have all come under pressure in recent days, while the global stock indices have bounced back after last week’s falls. Granted, we are not totally out of the woods yet, and equity prices remain overstretched on historical basis, but there’s definitely fewer reasons for investors to fret over than at the start of the week. After all, there’s now urgency from North Korea to denuclearize and Donald Trump has agreed to meet Kim Jong-un face-to-face by May.

Could U.S. jobs data aid dollar rebound?

By Fawad Razaqzada | August 31, 2017

The official U.S. monthly non-farm payrolls report will be released on Friday, Sept. 1. Due to the fact that some of the key leading indicators will be released after the NFP, it is even more difficult to predict this month's headline figure with any reasonable degree of confidence.

USD/CHF: King Dollar Returns

By Fawad Razaqzada | May 9, 2017

With the Bank of England and European Central Bank slowly turning neutral, maybe it is time the market turned its attention to the Swiss franc again because the SNB is still pretty much dovish. Interest rates are unlikely to be raised anytime soon due to the lack of inflation in Switzerland. What’s more, the Swiss National Bank is still intervening in the forex markets as it firmly believes the franc remains overvalued.

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