USDCHF 0.8550 Support

Posted on October 11, 2024 by Skerdian Meta

USDCHF encountered volatility again yesterday and retreated around 50 pips lower but the decline stalled at the previous resistance zone. That was also partly due to the vice president of the Swiss National Bank. who made some dovish comments, mentioning further interest cuts after the SNB has already lowered rates by 75 basis points. Continue reading “USDCHF 0.8550 Support” →

Buy Signal as CHF to USD Gets Going on Hotter US Inflation Data

Posted on October 10, 2024 by Skerdian Meta

The USD has been making decent gains in October, sending the CHF to USD rate above the range and today’s CPI inflation figures are helping. Inflation was hotter than expected in the US during September, however, the higher Unemployment Claims which are probably altered by the hurricane, are making the picture a bit unclear for both the buyers and sellers.

Continue reading “Buy Signal as CHF to USD Gets Going on Hotter US Inflation Data” →

Buying USDCHF as Volatility in CHF to USD Rate Picks Up

Posted on October 7, 2024 by Skerdian Meta

The CHF to USD rate broke out of the 1-cent range on Friday after the US NFP, but retreated 80 pips lower today, which we used to open a buy USD/CHF signal. The sentiment has turned bullish for this pair in the short term as geopolitical tensions in the Middle East abated somewhat last week, so such a retreat presents a good opportunity for buyers.

Continue reading “Buying USDCHF as Volatility in CHF to USD Rate Picks Up” →

USDCHF Jumps 1 Cent as US Unemployment Ticks Down to 4.2%

Posted on October 4, 2024October 4, 2024 by Skerdian Meta

The US Unemployment Rate ticked 0.1% lower in September, giving the USD a boost and sending USDCHF one cent higher, breaking above 0.86. The odds of a 50 bps FED rate cut in November have diminished now, with employment remaining in stable conditions, while inflation in Switzerland has been falling fast, which is keeping the Swiss Franc weak, thus resulting in a bullish breakout out of the range today.

Continue reading “USDCHF Jumps 1 Cent as US Unemployment Ticks Down to 4.2%” →

CHF to USD Rate Holds in 1-Cent Range After Slowdown in Swiss Inflation

Posted on October 3, 2024October 3, 2024 by Skerdian Meta

The CHF to USD exchange rate has remained within a narrow 1-cent range recently, as markets react to shifting risk sentiment. Positive factors, such as China’s economic stimulus measures and dovish monetary policies from both the Federal Reserve and the Swiss National Bank (SNB), have helped bolster risk appetite. However, elevated tensions in the Middle East and weak economic data have tempered this optimism, keeping traders cautious.

Continue reading “CHF to USD Rate Holds in 1-Cent Range After Slowdown in Swiss Inflation” →

CHF to USD Rate Little Changed After the SNB Rate Cut

Posted on September 26, 2024September 26, 2024 by Skerdian Meta

The volatility in the CHF to USD exchange rate has picked up, as markets react to the Swiss National Bank’s (SNB) latest policy decision. With both the SNB and the Federal Reserve adopting dovish approaches, traders have been struggling to determine which central bank’s dovish stance will have a greater impact on the exchange rate.

Continue reading “CHF to USD Rate Little Changed After the SNB Rate Cut” →

Buy USD/CHF Signal, as Sentiment gets CHF to USD Rate Moving

Posted on September 23, 2024 by Skerdian Meta

The rate of CHF to USD is starting to display volatility again, as markets try to find a balance between a risk-on and risk-off sentiment today. Early this morning the price climbed above 0.85 despite a weakening dollar, as risk sentiment remained positive in financial markets, however, we’re seeing a pullback in the US session, which we decided to use as an opportunity to open a buy USD/CHF signal. Continue reading “Buy USD/CHF Signal, as Sentiment gets CHF to USD Rate Moving” →

Steady Downtrend in EURCHF, As China Economy Slows

Posted on September 10, 2024 by Skerdian Meta

EURCHF was bullish for more than a year until May, almost reaching parity, but it made a bearish reversal and fell to 0.92 by early August, as sentiment turned sour in financial markets and safe havens such as the Swiss Franc benefited. Sellers still remain in control despite a bounce higher despite a bounce higher in the first half of August, and they have some targets in mind, as we will explain below. Continue reading “Steady Downtrend in EURCHF, As China Economy Slows” →

Forex Signals Brief September 5: More US Jobs Data Before the NFP

Posted on September 5, 2024September 5, 2024 by Skerdian Meta

Yesterday the day started with the GDP report from Australia, which showed a 0.2% for July, but on a yearly basis, it continued to move lower, falling to 1.0% in Q2 after the decline to 1.1% in Q1. As a result, the Australian Dollar tumbled 30 pips lower during the Asian session, but [[AUD/USD]] ended the day higher nonetheless on the back of returned USD weakness.

Continue reading “Forex Signals Brief September 5: More US Jobs Data Before the NFP” →

The Progress in CHF to USD Continues, As USD/CHF Tests 0.85

Posted on August 6, 2024 by Skerdian Meta

The CHF to USD rate continues to show volatility as the Swiss Franc rallies, while USD/CHF returns to 0.85 again. Since the start of July, this forex pair has lost around 6 cents, with risk sentiment deteriorating and the CHF benefiting as a safe haven currency. Yesterday this forex pair broke below 0.85 as the rout in risk assets intensified early in the day, but in the US session the sentient improved and we saw a 140 pip retrace higher, which seems to be over now as sellers have returned, pushing the price toward 0.85 again. Continue reading “The Progress in CHF to USD Continues, As USD/CHF Tests 0.85” →