USD/CHF FORECAST AND NEWS
Latest Swiss Franc News
USD/CHF Technical Overview
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USD/CHF Big Picture
USD/CHF Bullish Themes
USD/CHF Bearish Themes
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Editors' picks
EUR/USD: Gains remain capped by 1.0600
The renewed strong demand for the US Dollar, combined with political concerns in France, weighed on the European currency, pushing EUR/USD below the 1.0500 support level once again on Monday.
GBP/USD turns bearish, ends three-day winstreak
GBP/USD backslid below the 1.2700 handle on Monday, kicking off the new trading week by snapping a three-day winning streak and keeping Cable on the low side of the 200-day Exponential Moving Average.
Japanese Yen pares intraday losses; USD/JPY trades with modest gains around 150.00 mark
The Japanese Yen weakens against the USD and is weighed down by a combination of factors. Rebounding US bond yields and a positive risk tone drive flows away from the safe-haven JPY. A strong pickup in the USD demand contributes to USD/JPY’s move back above mid-150.00s.
Gold hovers around $2,640 without directional strength
Gold starts the new week on the back foot and trades below $2,650. The renewed US Dollar strength and the recovery seen in the US Treasury bond yields don't allow the pair to stage a rebound despite the risk-averse market atmosphere.
Crude Oil positive this Monday with traders looking ahead to OPEC+ meeting later this week
Oil prices off to a good start for this week with traders prepositioning for the upcoming OPEC+ meeting on Thursday. OPEC+ receives accusations for the recent downturn in oil prices by Iranian official Afshin Javan. The US Dollar Index jumps as Trump threatens BRICS with tariffs and the Euro struggles due to tensions on France’s budget situation.
Majors
Cryptocurrencies
Signatures
Influential Institutions & People for the USD/CHF
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
SNB NEWS & ANALYSIS
About USD/CHF
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.