EUR/CHF poised for further upside – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen believes the cross could extend the upside beyond the critical 1.20 mark. Key Quotes “Among the majors, focus yesterday was on whether EUR/CHF would break the old SNB floor of 1.20 – from the downside this time round – and it did” ...

SNB’s Jordan: EUR/CHF hitting 1.2000 is right direction

More comments crossed the wires from the Swiss National Bank (SNB) Jordan, delivered during his interview with Bloomberg. No reason to change monetary policy. Situation still fragile despite weakening currency. EUR/CHF hitting 1.2000 is the right direction.

EUR/CHF could surpass 1.20 in the next months – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen assessed the recent price action around the cross. Key Quotes “EUR/CHF continues to creep higher still, now just inches away from the old SNB floor of 1.20. While this is a story of policy normalisation in Europe as inflation is slowly returning, i ...

EUR/CHF seen at 1.21 in the medium term – Danske Bank

Chief Analyst at Danske bank Christin Tuxen expects the Swiss Franc to depreciate to the 1.2100 area vs. the single currency in a 6-month horizon. Key Quotes “CHF has continued to weaken in recent weeks despite the escalation in e.g. the Russia/Syrian conflict. Special factors may have kep ...

EUR/CHF en route to 1.20 – ING

EUR/CHF continues to post fresh highs and is trading almost touching distance away from 1.20 – the level which the SNB had fixed the currency pair at prior to abandoning the peg in Jan 2015, according to Viraj Patel, Research Analyst at ING. Key Quotes “Though the perennially dovish SN ...

EUR/CHF keeps rising, approaches famous 1.2000

EUR/CHF up for the fifth-day in-a-row, at 3-year highs.  Euro closer to the 1.2000 SNB floor but no change is seen at SNB.  The EUR/CHF pair broke above last week highs and is headed toward the highest close since January 2015, when it abandoned the 1.20 floor. It is movin ...

EUR/CHF could gain upside traction – TDS

Strategists at TD Securities believe there is further weakness on the cards for the Swiss Franc. Key Quotes “EURCHF continues to grind higher as the SNB remains uncompromisingly dovish. Domestic inflation has picked up in recent months but remains weak overall. This will keep policy defensiv ...

EUR/CHF remains vulnerable to the downside – Danske Bank

Senior Analyst at Danske Bank Piet Christiansen believes the cross could lose some momentum in the near term. Key Quotes “EUR/CHF jumped yesterday to post-SNB-floor-abandonment highs on what appears to be CHF outflows related to the ceasing of trading with Sulzer, a company partly owned b ...

EUR/CHF bid above 1.1643 – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the cross remains positive above 1.1643. Key Quotes “EUR/CHF remains immediately bid and capable of extending gains to the 1.1833 January high where we suspect that it will fail on the initial test. I ...

EUR/CHF technicals point to failure – Commerzbank

In light of the recent price action around the cross, Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted technicals could be suggesting failure ahead. Key Quotes “EUR/CHF is easing back from the 78.6% retracement at 1.1750. We note the complex divergence of the daily RSI an ...

EUR/CHF could test 1.18 in the near term – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, believes the Swiss Franc could depreciate to the 1.18 area vs. the single currency in the short term horizon. Key Quotes “CHF has weakened following the clearing of geopolitical risks in relation to North Korea, and as sentiment in equity market ...

SNB still ‘on hold’, EUR/CHF seen higher – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, assessed the recent SNB decision and believes EUR/CHF could edge higher in the next months. Key Quotes “Also yesterday, the Swiss National Bank (SNB) kept policy rates unchanged as widely expected and, crucially, left its language on CH ...

SNB: Too early to change its rhetoric regarding CHF – Danske Bank

The Swiss National Bank (SNB) is due to hold its quarterly policy meeting today and the Libor target midpoint and the sight deposit rate will likely both be kept at -0.75%, but they still deem it to be too early for the SNB to change its rhetoric regarding CHF, explains Chief Analyst, Christi ...

Expect no change to SNB policy or rhetoric – Barclays

In the view of the analysts at Barclays, the Swiss National Bank (SNB) is expected to make no changes to its monetary policy while reiterating its stance to intervene in the fx markets. Key Quotes: “We expect no change to SNB policy or rhetoric. Rate unchanged at -0.75%. Target range for 3 ...

CHF: A dovish SNB in a more hawkish world – Nomura

In view of analysts at Nomura, 2018 has been dubbed the year of “catch up” for many central banks that are yet to normalise policy after the Fed’s moves to tighten. Key Quotes “The BoE, the BoC, the ECB and depending on who you ask, possibly the BOJ could all continue o ...