CHF: Intervention threat – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, notes that the SNB maintained steady policy at this morning’s meeting and this policy included a threat to intervene in the FX market. Key Quotes “According to the OECD’s measure of purchasing power parity, the CHF is currently 20 ...

EUR/CHF seen at 1.22 in 12-month – Danske Bank

In opinion of Christin Tuxen, Chief Analyst at Danske Bank, the cross is expected to edge higher to the 1.2200 region within a year’s view. Key Quotes “EUR/CHF has failed to make a firm break of the SNB’s old 1.20 floor and is currently hovering at levels well below as an Italia ...

Swiss National Bank to keep policy steady – Nomura

Analysts at Nomura are out with a brief preview of the Swiss National Bank’s (SNB) quarterly monetary policy assessment, with the interest rates decision due to be announced at 0730 GMT. Key Quotes: “The ECB's new forward guidance on rates means that the SNB is unlikely to mov ...

EUR/CHF offered below 1.1667 – Commerzbank

The offered bias in the cross is expected to remain intact while below the 200-day ma in the 1.1665/70 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/CHF stays offered below the 200 day ma at 1.1667. Loss of 1.1505 would imply a retest of th ...

EUR/CHF: Forecasts corrected lower on Italy – Danske Bank

According to analysts from Danske Bank lingering tensions over Italian fiscal sustainability are a possible source of CHF strength looming ahead of the new government’s September budget. They also see that with the European Central Bank on hold, the Swiss National Bank has little room t ...

SNB preview: More of the same – Nomura

Analysts at Nomura suggest that it is hard to get overly excited for an SNB meeting; policy has not changed at a quarterly meeting for many years now. Key Quotes “The ECB’s new forward guidance on rates means that the SNB is unlikely to move policy any time soon, with 2020 the mos ...

EUR/CHF upside bias above 1.1505 – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzabank, the upside bias in the cross remain unchanged while above 1.1505. Key Quotes “EUR/CHF has been rejected by the 200 day ma at 1.1665. Loss of 1.1505 would imply a retest of the 1.1369 recent low. While dips hold ove ...

EUR/CHF stays oversold so far – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the cross has moved into the oversold territory following the recent price action. Key Quotes “EUR/CHF has recently spiked down to 1.1369. We believe that the move was exhaustive. The daily RSI is in oversold territory ...

EUR/CHF remains offered for the time being – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the stance on the cross remains offered in the very near term. Key Quotes “EUR/CHF remains offered, having recently eroded the 1.1713 2015- 2018 uptrend and the 200 day ma at 1.1655. The initial sell off has halte ...

EUR/CHF trims losses but still sharply lower

CHF retreats but still holds to significant gains versus Euro. EUR/CHF heads for the seventh slide out of the last eight days. The EUR/CHF pair is falling sharply on Wednesday and from last week highs lost more than 3%. During the European session bottomed at 1.1580, the lowest level sinc ...

EUR/CHF resumes slide and breaks below 1.1700

Swiss franc among top performers amid political risk in Italy. EUR/CHF resumes slide after short-lived recovery. The EUR/CHF pair lost 85 pips from daily highs and broke below yesterday’s lows, falling under 1.1700. The decline took place amid a rally of the Swiss franc across the boar ...

EUR/CHF could test 1.23 in a year’s time – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen expects the cross to reach the 1.2300 zone in the longer run. Key Quotes “EUR/CHF has stayed close to the 1.20 level but has yet to make a firm break of the old SNB floor on the cross. With trade war tensions easing, geopolitical risks abatin ...

Will Italy re-fuel Euro-area woes? – Nordea Markets

Analysts at Nordea Markets note that the Italian political woes have re-surfaced after Lega Nord and the 5-star movement (M5S) are allegedly on the verge of forming a coalition. Key Quotes “While such a coalition outcome is certainly not to the markets’ taste, the spike in Italian bon ...