USDCHF NEWS (US DOLLAR SWISS FRANC)
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EUR/USD stays directionless near 1.1350 after mixed US data
EUR/USD is struggling to find direction on Thursday and continues to fluctuate in a tight range around 1.1350. The data from the US showed that the weekly Initial Jobless Claims jumped to 286K from 231K. On a positive note, Philly Fed Manufacturing Index improved to 23.2 in January from 15.4.
GBP/USD holds above 1.3600 as dollar fails to capitalize on US data
GBP/USD tested 1.3600 earlier in the day but managed to stage a recovery in the early American session. The greenback is having a hard time gathering strength as investors assess the mixed macroeconomic data releases from the US.
USD/JPY flat-lined below mid-114.00s, traders eye US data for some impetus
USD/JPY attracted dip-buying near 114.00 on Thursday, though lacked bullish conviction. Stability in the equity markets undermine the safe-haven JPY and extended some support. Elevated US bond yields revived the USD demand and also acted as a tailwind for the pair.
Gold continues to push higher toward $1,850
Gold preserves its bullish momentum following Wednesday's upsurge and continues to push higher toward $1,850. The 10-year US Treasury bond yield is down more than 2% in the American session, fueling XAU/USD's upside.
WTI consolidates in $85.00s post-bearish inventory data but geopolitics, supply fears keep crude underpinned
Front-month WTI futures have spent Thursday’s session consolidating in the $85.00s amid a lack of fresh catalysts to drive the price action either way. At current levels near $85.50, WTI trades slightly more than 50 cents lower on the session.
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Influential Institutions & People for the USDCHF
On the other
FED Official Website, on Twitter and Facebook
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.
Jerome Powell Fed's Profile and Wikipedia
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).
Jordan on SNB's Profile and Wikipedia
FED NEWS & ANALYSIS
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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.