EUR/CHF to suffer a substantial drop on a break below 0.9840/0.9830 – SocGen

FXStreet Insights Team FXStreet

EUR/CHF popped back above parity last week but slipped below 0.9950 again on Monday. The 0.9840/0.9830 area is crucial support, analysts at Société Générale report.

New high for core inflation cements 50 bps at next SNB meeting

“CPI again surprised to the upside in February. This could seal another increase in the policy rate of 50 bps at the meeting in two weeks. The headline rate was unchanged at 3.2% YoY but core CPI drifted up to a new high of 2.4% from 2.2%.”

“Currently, a pullback is taking shape however 50-DMA at 0.9920 should be first support.”

“In case the pair overcomes 1.0040, the bounce could extend towards January high of 1.0100 and 1.0220.”

“Only if recent low at 0.9840/0.9830 gets violated would there be a risk of a deeper downtrend.”

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD flat lines near 1.1800 as traders brace for US PPI release

The EUR/USD pair trades on a flat note near 1.1800 during the early Asian session on Friday. The pair steadies as softer Eurozone inflation offsets US tariff uncertainties. Traders await the preliminary reading of the Consumer Price Index from Germany on Friday for more clues about the pace of future policy easing. On the US front, the Producer Price Index report will be released.

GBP/USD declines below 1.3500 on UK political uncertainty, US PPI data eyed

The GBP/USD pair loses ground to near 1.3485 during the early Asian session on Friday. The Pound Sterling weakens against the Greenback amid rising UK political uncertainty surrounding the Gorton and Denton by-election.

Gold awaits acceptance above $5,200 and US PPI data

Gold consolidates previous rebound near $5,200 amid risk-off markets, awaiting US PPI release. The US Dollar eyes a flattish weekly close as dovish Fed outlook and tariff woes outweigh geopolitical risks. Gold yearns for acceptance above $5,200 to resume the uptrend, with a bullish RSI in play.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Bitcoin steadies as traders eye US–Iran talks

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend.