Tag Archives: CHF

CHF Mid-day Analysis

Not surprisingly the Swiss is falling in sync with the Euro in the wake of softer than expected German ZEW results.

While it is clear the trade was unable keep the Swiss down at its late July and early August lows last week,

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

Leveraged funds saw the biggest weekly increase in net long USD positioning since February 2013.

In the week ahead, investors will be continuing to monitor geopolitical risk, while preliminary data on second quarter growth from

• The market is shifting to an increasingly bullish view of the USD; with the net USD position rising to $26bn

With the Swiss managing to reach a fresh new high for the week this morning and

The Swiss respected the pattern of lower highs overnight. With Russia playing up a food import ban it

As in the Euro, the Swiss is paying the price of current Russian sanctions and

The Swiss remains in a downward track on the charts and it failed to show positive action in the face of

As in the Euro, the Swiss was due for some technical short covering but one has to think that the ECB and

Leveraged funds turned net long in USD for the first time since mid-June ahead of the nonfarm payrolls release.