USDCHF NEWS (US DOLLAR SWISS FRANC)


USD/CHF pulls away from multi-month highs, trades around 0.9330

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Latest CHF Analysis

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EUR/USD hits lowest since November 2020

EUR/USD clocked a low of 1.1835 a few minutes before press time. That was the lowest level in four months. The 14-day Relative Strength Index (RSI) has dropped below 30, indicating oversold conditions for the first since February 2020. However, the indicator needs validation from the price chart, which is currently showing no signs of bear fatigue.

EUR/USD News

GBP/USD attempts a bounce around 1.3850 amid improving mood

GBP/USD trades close to 1.3850, staging an impressive bounce from 1.38 amid a rebound in the risk sentiment and a drop in the US Treasury yields. 50-day SMA offers immediate support, monthly top adds to the upside barriers.

GBP/USD News

USD/JPY refreshes 9-month highs above 109.00 amid relentless USD surge

USD/JPY refreshes nine-month highs above 109.00, extending to the upside in tandem with the US dollar. The price is reaching higher highs and may have some way to go until bears will step in at overbought conditions according to RSI.

USD/JPY News

Gold looks to regain $1,700 as US Treasury yields drop

Gold consolidates recent losses from nine-month low flashed the previous day. US stimulus may arrive on Wednesday, US 10-year Treasury yields snap four-day winning streak. Risks remain mildly bid, US dollar refreshes highest levels since Nov 2020.

Gold News

WTI: Immediate HMA confluence tests recovery moves around $65.50

WTI holds $65.00, currently up 0.80%, during early Tuesday. In doing so, the energy benchmark recovers from the intraday low while trying to trim Monday’s pullback moves from a multi-month high. Although RSI’s U-turn from the oversold area, coupled with upbeat fundamentals, favor WTI bulls, a confluence of 21 and 50-HMA around $65.50-55 probes immediate upside of the black gold.

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Influential Institutions & People for the USDCHF

On the other hand we found The Federal Reserve System (Fed) wich is the central banking system of the United States. Fed has two main targets: to keep unemployment rate to their lowest possible levels and inflation around 2%. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors, partially presidentially appointed Federal Open Market Committee (FOMC). The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.

The Swiss National Bank (SNB)

The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.

The official website, on Twitter and YouTube


Jerome Powell

Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as a member of the Board of Governors will expire January 31, 2028. Born in Washington D.C., he received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. He also worked as a lawyer and investment banker in New York City. From 1997 through 2005, Powell was a partner at The Carlyle Group.

Thomas J. Jordan

Thomas J. Jordan was born in Bienne, Switzerland in 1963. Thomas J. Jordan is a member of the Board of Directors of the Bank for International Settlements (BIS) in Basle and the Steering Committee of the Financial Stability Board (FSB). He is the Governor of the International Monetary Fund (IMF) for Switzerland, and also Chairman of the G10 Central Bank Counterfeit Deterrence Group (CBCDG).

FED NEWS & ANALYSIS

SNB NEWS & ANALYSIS


About USDCHF

The pair reflects how many Swiss Francs are needed to purchase one American dollar. Both currencies are considered safe-havens, although after the SNB lifted the peg with its currency with the EUR back in January 2015, the CHF has partially lost attractive in turmoil times, with speculative interest more inclined then to buy the JPY or Gold. With sentiment in risk-off mode, the American dollar tends to weaken more than any other safe-haven asset.