USD/CHF broke below the 200-DMA, ending the major’s upward bias. In the near term, the USD/CHF is neutral to downwards, but buyers reclaiming 0.9450 exerts upward pressure on the major. The USD/CHF stumbles for the sixth consecutive day and breaks support provided by the 200-DMA at 0.9427, shifting the major’s bias downwards, with sellers reclaiming… Read More »
USD/CHF drops to a fresh multi-month low amid the emergence of fresh USD selling. Diminishing odds for a later Fed rate hike in September continue to weigh on the USD. The risk-on mood undermines the safe-haven CHF and helps limit any further downside. The USD/CHF pair witnesses selling for the fourth successive day and drops… Read More »
USD/CHF remains depressed at four-month low, sidelined of late. Clear downside break of the 200-DMA, descending support line from late May favor sellers. 61.8% Fibonacci retracement level adds to the immediate upside filters. USD/CHF licks its wounds at the lowest levels since mid-April, taking rounds to 0.9420-25 during Thursday’s Asian session. The Swiss currency (CHF)… Read More »
The USD/CHF is recording its biggest daily fall since June 15, down 1.16%. The pair refreshes multi-month lows, just below the 0.9400 figure. US headline inflation eases to 8.5% YoY, but the core remains unchanged. Fed’s Evans: The Fed is not done hiking rates; expect the Fed funds to be at 3.25-3.50% by year-end. The… Read More »
USD/CHF turns lower for the third straight day and drops to a one-week low on Wednesday. Modest USD weakness exerts pressure amid growing recession fears and US-China tensions. Investors might refrain from placing aggressive bets and wait for the crucial US CPI report. The USD/CHF pair attracts fresh selling near the 0.9545 region on Wednesday… Read More »
USD/CHF picks up bids to reverse recent losses inside the daily trading range. US dollar traces yields ahead of the key CPI data amid recession woes, recently up hawkish Fed bets. Sluggish markets, light calendar amplified pre-data anxiety, equity futures stay indecisive. USD/CHF treads water around 0.9560, despite picking up bids ahead of Wednesday’s European… Read More »
A Double Top formation near 200-EMA bolstered the downside gestures. Greenback bulls are lacking confidence above the demand zone placed around 0.9500. A drop below 40.00 by the RSI (14) will trigger the downside momentum. The USD/CHF pair is displaying topsy-turvy moves after dropping below the critical support of 0.9560 on Monday. Broadly, the asset… Read More »
USD/CHF edges lower for the second successive day and drops to a one-week low on Tuesday. A sharp fall in inflation expectations weighs on the greenback and exerts downward pressure. Hawkish Fed expectations to lend support to the USD and limit losses amid a positive risk tone. The USD/CHF pair adds to the previous day’s… Read More »
USD/CHF fades corrective pullback from one-week bottom marked the previous day. Sustained break of short-term ascending trend line, bearish MACD signals favor sellers. Bulls need validation from the 200-SMA to retake control. USD/CHF remains depressed around 0.9550 amid a sluggish Asian session on Tuesday. Even so, the sellers remain hopeful while tracing a downside break… Read More »
USD/CHF is eyeing the 0.9550 figure, critical support ahead of the US Inflation. Declining oil prices are responsible for lower consensus for US CPI. SNB’s hawkish stance is still fresh despite the unchanged inflation rate at 3.5% released last week. The USD/CHF pair has turned sideways after catching bids around 0.9550 in the early Tokyo… Read More »
