Tag Archives: CHF

A gap down extension in the Swiss starts the New Year out on an extremely weak track. Initial support isseen down at the December low of 111.18 but more significant up trend channel support is seen down at 1.1006 today,

Relative calm in global markets at the end of 2013 has helped to drain the Swiss Franc’s safe-havensupport, and is helping to fuel long liquidation early in today’s trading.

Although the market avoided a key reversal on Friday and is finding modest strength early this week,there is a stronger sense that last Friday’s high may be the “high water mark” for the Swiss Franc going forward.

Short-covering versus the Euro has accelerated the Swiss Franc’s rally this morning as prices haverecovered most of their post-Fed tapering losses in a matter of hours. It may be difficult for the Swiss Franc to

Carryover support from the Euro has helped to lift the Swiss Franc this morning, although prices remainwell below this week’s early highs. With safe-haven support likely to be a “back-burner” issue coming into the endof the year,

A modest up tick in risk appetites this morning is making it difficult for the Swiss Franc to climb backabove the 112.00 level this morning, although prices have consolidated near the middle of this week’s tradingrange.

Improving global risk sentiment has more than offset a decent rebound in a key private reading of SwissConsumption this morning, as the Swiss Franc is having problems with building on last Friday’s reversal.

While a morning rally has taken the Swiss Franc into positive territory, it is showing little inclination forrecovering any large portion of this week’s steep losses. Sluggish inflation levels remains a longer-term problemfor the Swiss Franc,

With its safe-haven appeal eroded by the Fed’s tapering decision, the Swiss Franc continues to probe thedownside as it has fallen nearly 1.5 cents from yesterday’s highs this morning.