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 looks bid around 1.0800 as US CPI looms closer
EUR/USD rapidly left behind. Friday’s decline and managed to meet fresh buying interest, reclaiming the area beyond the 1.0800 barrier in response to the resurgence of the downward pressure in the Greenback.
GBP/USD maintains its bid bias around 1.2560
GBP/USD keeps its auspicious start to the week well and sound and navigates the upper end of the range near 1.2560 on the back of the resumption of the selling bias in the US Dollar.
USD/JPY finds highest bids since suspected ‘Yentervention’ declines, breaks above 156.00
USD/JPY broke above the 156.00 handle on Monday as markets continue to chew through Japanese Yen (JPY) gains following a pair of suspected “Yenterventions” from the Bank of Japan (BoJ) at the end of April and beginning of May. The BoJ has remained tight-lipped on the matter, refusing to officially confirm or deny direct intervention in global markets on behalf of the Yen.
Gold under selling pressure near $2,330
Gold prices remain on the back foot amidst some recovery in the Greenback and ahead of the release of US PPI and CPI later in the week, prompting XAU/USD to retest the $2,330 region per troy ounce.
Oil prints small uptick while Greenback eases
Oil trades around $78.00 after a failed attempt to snap above $80.00 on Friday. More criticism emerges globally towards Israel and its offensive into Gaza. The US Dollar Index steadies around 105.30 ahead of US CPI data later this week.
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.