Tag Archives: CHF

The February run in the Swiss has been reversed off a noted downshift in global economic views, but themain catalyst behind the reversal might have been surprisingly hawkish dialogue from the US Fed meetingminutes.

A quasi double top in the March Swiss up at 1.1278 might be strong resistance today, unless the earlyUS scheduled data provides a push up above that level.

With the trade anticipating further weakness in US data and European data currently assumed to be juststrong enough, the Swiss wins by default.

Not surprisingly the Swiss is benefiting from the ongoing pattern of weakness in the Dollar, but the Swissis also benefiting because of a hot housing market and generally positive economic expectations.

The Swiss has forged a solid upside extension and in the process the March contract has reached thehighest level since January 24th. The Swiss is managing the gains in the face of rising uncertainty off the push forimmigration reform,

The Swiss has started the Wednesday trade in the lower half of the prior session’s range up in amodestly positive track. For the time being, the Swiss might have difficulty edging out the Pound as the leadershipcurrency.

The Swiss spiked up overnight and returned to the vicinity of the 1.12 level and the Swiss also seems asif it has caught a consistent bid off slack US data, talk of a pause in tapering and also because of a recovery inglobal equities.

While the Swiss remains near last week’s highs to start the new trading week, reports of a political flapwith the EU over an immigration issue might serve to limit the Swiss from a near term return to the 1.12 level.