USDCHF Near Resistance After Remarks From SNB’s Jordan

After experiencing a period of positive momentum for USD/CHF earlier this month, during which the pair soared over 0.92, the volatility in the CHF to USD exchange rate has decreased recently. This level has held as support despite a subsequent slide back to lows around 0.90. Furthermore, as SNB Chair Jordan revealed early this morning, purchasers have often returned to the market, encouraged by the SNB’s dovish attitude.

The SNB remains dovish

Continue reading “USDCHF Near Resistance After Remarks From SNB’s Jordan”

US Home Sales Remain in Range, USDCHF Holds Above 0.90

Since early March, the CHF to USD rate has been trading within a range, with USD/CHF stabilizing above the 0.90 level. There was a surge in USD/CHF over 0.92 earlier this month, but buyers couldn’t hold the gains up there and it was followed by a retreat back to the 0.90 zone which held the decline. Continue reading “US Home Sales Remain in Range, USDCHF Holds Above 0.90”

USD to CHF Rate Supported by MAs After SNB Chair Dovish Take

The volatility in the CHF to USD rate has declined in the last 2 weeks, after USD/CHF climbed above 0.92 early this month but tumbled back to 0.90 lows which are holding as support for USD/CHF. buyers keep coming back, so we are keeping a bullish bias, going long on the US dollar against the Swiss Franc. Continue reading “USD to CHF Rate Supported by MAs After SNB Chair Dovish Take”

Buying the USD/CHF Retreat After Softer US Unemployment Claims

The volatility in the CHF to USD rate has declined this week, after USD/CHF climbed above 0.92 last week but tumbled to 0.90 after the FOMC. However, this major level turned into support, holding the decline. This week buyers have resumed control and despite the dip after the soft jobless claims today, we are keeping a bullish bias, going long on the US dollar against the Swiss Franc. Continue reading “Buying the USD/CHF Retreat After Softer US Unemployment Claims”

USD/CHF Uptrend to Continue As SNB’s Confirms Inflation Fight Done

The rate of USD to CHF has been steady for most of April, but that might change next week as the SNB confirms that they have finished the job with inflation. The lows are still getting higher for USD/CHF which is a bullish signal, and Jordan’s comments last week will add further weakness to the CHF, sending this pair higher, while the FED is still keeping interest rates high. Continue reading “USD/CHF Uptrend to Continue As SNB’s Confirms Inflation Fight Done”

The Quick Reversal in USDCHF Suggests Further Upside

Last week we saw a quick 1 cent dip in CHF to USD rate, but the reversal was just as quick, suggesting that buyers are in control and the bullish momentum will continue. The dive came after the Israel-Iran attacks, but markets weren’t too spooked by that, which helped reverse the price back up. Continue reading “The Quick Reversal in USDCHF Suggests Further Upside”

USD/CHF Support at 0.90 Holds After the Swiss CPI Inflation

We have seen weakness in the CHF to USD rate in 2024, which has sent USD/CHF in a steep uptrend, gaining nearly 8 cents since the start of this year. However, we saw a strong retreat from below 0.91 yesterday after the soft US services PMI and prices paid, while Jerome Powell didn’t improve the situation for the USD in the evening. Continue reading “USD/CHF Support at 0.90 Holds After the Swiss CPI Inflation”

Forex Signals Brief April 5: Swiss CPI and ECB Minutes Today

Yesterday started with the CPI (Consumer Price Index) from the Eurozone, which showed a larger-than-expected decline, from 2.6% to 2.4%. However, that didn’t hurt the Euro, which closed the day 100 pips higher against the USD as the US ISM services missed expectations, initiating a retreat in the USD.

The ECB minutes might offer some more insight into the June rate cut plans
The ECB minutes might offer some more insight into the June rate cut plans

Continue reading “Forex Signals Brief April 5: Swiss CPI and ECB Minutes Today”

CHF to USD Rate Keeps Falling Despite Positive Swiss Retail Sales

The rate of CHF to USD fell almost 1 cent yesterday, heading to 1.10 as USD/CHF keeps moving higher, having established a support at 0.90. The US ISM manufacturing report showed that this sector turned to expansion after two years of recession, which improved the sentiment for the USD, as the odds of a FED interest rate cut in June keep declining. Continue reading “CHF to USD Rate Keeps Falling Despite Positive Swiss Retail Sales”

Bullish Break in CHF to USD Rate on Dovish SNB Expectations

We have seen a weakening of CHF to USD, with USD/CHF making a break above 0.90 this week, which is the highest price since the middle of November last year. Fundamentals are shifting in favour of the USD recently, as markets expect fewer rate cuts from the FED, while the SNB already delivered a surprise cut last week and traders have increased expectations for further cuts ahead. Continue reading “Bullish Break in CHF to USD Rate on Dovish SNB Expectations”