Key themes in the FX space – AmpGFX

Greg Gibbs, Founder, Analyst, & PM at Amplifying Global FX Capital Pty Ltd, an Australian financial services company explained that the CNY has developed a steady downtrend and notes various key themes in the FX space.   Key Quotes: "While this is often discussed in the context o ...

EUR/CHF: To move back to 1.20 in 12M – Danske Bank

According to analysts from Danske Bank, the EUR/CHF resistance to souring risk sentiment may not last, but still, they see it moving to the upside, to 1.20 in 12 months.  Key Quotes:  “While CHF has proved surprisingly resistant to Italian risks and the equity sell-off recently, w ...

EUR: The big Italy re-pricing happened already – Nordea Markets

According to analysts at Nordea Markets, the big repricing of the EUR, due to Italian risks, happened already in the spring, when both EUR/CHF and EUR/USD simultaneously dropped, as Italy-Germany spreads widened after the March election. Key Quotes “Italy risks have not been as big a EU ...

EUR/CHF remains offered below 1.1452 – Commerzbank

The offered bias on EUR/CHF is expected to remain unchanged as long as 1.1452 caps it, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “Support remains to be seen at 1.1281,1.1222 and the current September trough at 1.1183. A move below the next lower 1.118 ...

EUR/CHF: Likely to be affected by the Italian budget noise – ING

Strategist at ING, consider that the current political situation in Europe with Brexit and the Italian budget drama will likely keep the Swiss franc bid. The see EUR/CHF moving between 1.1180 and 1.1380 next week.  Key Quotes:  “Messy European politics - both Italy budget risks an ...

Long EUR/CHF: Less tails, more base – Nomura

Analysts at Nomura suggest that risk/reward of being long EUR/CHF at these levels is attractive, as the market appears to have been overly focussed on these tail risks for quite some time now. Key Quotes “Given the hedging flow drivers, a long EUR/CHF position is another way to express a vie ...

EUR/CHF breaks key resistance and jumps to 1.1380, 4-week high

EUR/CHF supported by a bullish Draghi, signals a potential bottom.  Price rose above key technical level suggestion more gains ahead.  The euro is rising for the second day in a row against the Swiss franc and reached the highest level since late August. After moving during days in ...

Major currencies sitting in a holding pattern – TDS

According to Mark McCormick, North American Head of FX Strategy at TD Securities, the major currencies are sitting in a holding pattern awaiting the next impetus. Key Quotes “We think it is the Fed, though the recent spike in oil has raised some eyebrows. The next move in oil matters insofa ...

EUR/CHF seen around 1.20 in 12-month – Danske Bank

The cross is expected to re-test the 1.20 area within a year’s view, according to Jens Pedersen, Senior Analyst at Danske Bank. Key Quotes “SNB delivered as widely expected yesterday with no material changes to its policy communication”. “We expect EUR/CHF to trade heav ...

SNB remains on hold, Norges bank hikes – Rabobank

Analysts at Rabobank point out that as expected the SNB has confirmed steady policy this morning. Key Quotes “Policymakers have repeated their threat of intervening in the FX market if needed.  This reflects the fact that the CHF is heavily overvalued.  The strength of the CHF ...

EUR/CHF Technical Analysis: Green shoots of recovery ahead of SNB

The bullish divergence of the relative strength index and stochastic and the bullish crossover on the moving average convergence divergence (MACD), as seen in the EUR/CHF daily chart, indicates the pair is gearing up for an upside break of the trendline connecting the July 16 low and Aug. 28 low ...

SNB: Ultra-loose monetary policy is likely to continue – ING

Charlotte de Montpellier, Economist at ING, points out that the Swiss National Bank maintains ultra-loose monetary policy and in its June meeting, the SNB left its main policy rates unchanged in negative territory, the target range for the three-month Libor was maintained at between -1.25% an ...

CHF: Nervous markets will keep franc in demand – ING

According to analysts at ING, there is not an obvious catalyst for a EUR/CHF move over this week, although we’ll probably hear more about Italian debt (ahead of the Fitch review on Friday) and perhaps get some fresh inputs from Turkey as well. Key Quotes “Local data will see the Swis ...

EUR/CHF targets 1.20 in 12-months – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen sees the Swiss Franc losing ground and testing the 1.20 area within a year’s view. Key Quotes “While EUR/CHF was flirting with a firm break of the SNB’s old 1.20 floor in mid-April, an ECB on hold and recurring political risks in Europ ...