USD/CHF bulls await a decisive break through parity mark ahead of NFP

Haresh Menghani FXStreet

• A modest USD uptick helps regains traction on the last trading day of the week.
• Focus remains on the keenly watched NFP report, for fresh directional impetus.
• Sustained move beyond the parity mark needed to confirm further up-move.

After yesterday's brief pause, the USD/CHF pair caught some fresh bids on Friday and gearing up to make a fresh attempt towards conquering the parity mark.

The US Dollar stalled its post-FOMC retracement slide and has now turned higher, which eventually helped the pair to regain positive traction for the fourth session this week.

This coupled with a positive trading sentiment around European equity markets was seen weighing on the Swiss Franc's safe-haven appeal and further collaborated to the pair's uptick closer to Wednesday's near 6-month tops.

It, however, remains to be seen if the buying interest is strong enough to lift the pair beyond the parity mark, above which a bout of short-covering now seems to pave the way for an extension of the pair's recent strong bullish trajectory.

Investors' focus on Friday will remain glued to the keenly watched US monthly jobs report, popularly known as NFP, which should influence the USD price dynamics and provide some fresh directional impetus.

Technical levels to watch

A convincing break through the parity mark is likely to accelerate the up-move towards Nov. 2017 swing highs resistance near the 1.0035-40 region, above which the pair seems all set to continue climbing higher in the near-term.

On the flip side, the 0.9965-55 region now seems to have emerged as an immediate support, which if broken might prompt some aggressive long-unwinding trade and drag the pair back towards the 0.9900 handle en-route 0.9880-75 support.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD

The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold rallies above $5,150 as Trump’s tariffs boost haven demand

Gold price extends the rally above $5,150 in the Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, which boost safe-haven flows. US-Iran geopolitical risks also linger, supporting the Gold price upside.

Week ahead: Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness. Yen and aussie diverge; both pound and euro could recoup their losses.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.