USD/CHF drifts back closer to monthly low, bears now await break below mid-0.9500s

USD/CHF turned lower for the fifth straight day and dropped back closer to the monthly low. The SNB’s surprise hawkish shift continued underpinning the CHF and exerted some pressure. A softer tone surrounding the USD was seen as another factor that added to the selling bias. The USD/CHF pair struggled to capitalize on its modest … Read more

One-month forecast lowered to 1.02 following SNB’s surprise hike – Rabobank

The Swiss National Bank (SNB) surprised the market with an unexpected 50 basis points (bps) rate hike. Subsequently, economists at Rabobank have lowered their one-month forecast for EUR/CHF to 1.02 from 1.03. SNB would likely desire to move away from negative rates completely “The news of a 50 bps move came as a big surprise … Read more

EUR/USD remains offered below 1.0400 mark, hangs near monthly low amid stronger USD

EUR/USD came under fresh selling pressure on Thursday and dropped closer to the monthly low. Recession fears triggered a fresh wave of the risk-aversion trade and boosted the safe-haven USD. The post-SNB slump in the EUR/CHF cross weighed on the euro and contributed to the selling bias. The EUR/USD pair met with a fresh supply … Read more

SNB to hold fire this week, a 25 bps September rate hike likely – Reuters poll

A majority of the economists polled by Reuters revealed on Tuesday, the Swiss National Bank (SNB) is unlikely to change its negative interest rate policy this Thursday even as the country’s inflation rate remains at a 14-year high. Key takeaways “Twenty-four of 26 economists expect the SNB to keep its policy rate steady at minus … Read more

USD/CHF advances towards 1.0000 as DXY firms ahead of Fed and SNB policy

USD/CHF is marching towards 1.0000 on advancing hawkish Fed bets. The DXY is balancing above 105.00 amid a keen market mood. A continuation of an accommodative stance is expected from the SNB. The USD/CHF pair is displaying a minor cushion around 0.9960 as oscillators turned extremely oversold on small timeframes. The pair has remained in … Read more

USD/CHF tracks upbeat options market signals to refresh monthly high around 0.9900

USD/CHF prints a seven-day uptrend, takes the bids to renew monthly top near 0.9900, during Monday’s Asian session. In doing so, the Swiss currency (CHF) pair justifies the strong signals from the options market as bulls keep the reins. That said, the weekly print of the one-month USD/CHF risk reversal (RR), the ratio of calls … Read more