Tag Archives: CHF

CHF Mid-day Analysis

Like the Euro, the Swiss looks set to slide in the wake of residual Euro zone growth fears,

A quasi-triple low formation on the charts, a rise in the Russian currency and

USD bullish sentiment has softened, with today’s data marking the fourth consecutive week of a narrowed USD long position.

The move to negative interest rates earlier this week has facilitated fresh weakness in the Swiss,

The Swiss has already returned to downtrend status on its charts with

The SNB defends the CHF floor with an interest rate of now -0.25%. If needed, a further cut and interventions are possible. The floor will not move.

While finding moderate pressure this morning, the March Swiss has

Like the Euro, the Swiss is getting what appears to be a temporary technical benefit from

The short covering bounce in the Swiss appears to have run its course and

In the week ahead, investors will be awaiting the outcome of Wednesday’s Federal Reserve policy meeting for

The Swiss is partially lifted by residual weakness in the Dollar but

Down-trend channel resistance in the December Swiss today is seen at