CHF: SNB to limit franc strength around here – ING

According to analysts at ING, events in Italy and Turkey are likely to continue to play their role in sending the CHF higher, but the threat of further Russian sanctions might also be at play here. Key Quotes “The US Senate is currently considering a much harsher set of measures, which woul ...

CHF: Where is SNBs pain threshold? – Nordea Markets

EUR/CHF has dropped markedly in recent weeks (due to Italian and Turkish stress), and it will be interesting to see whether SNB has intervened against the CHF strength during the week, according to analysts at Nordea Markets. Key Quotes “We argued a few weeks back that the extreme shor ...

USD remains well underpinned – Danske Bank

Chief Analyst at Danske Bank Jens Sorensen noted the momentum around the greenback remains solid for the time being. Key Quotes “Safe-haven demand dominated FX markets yesterday as pressure on emerging markets mounted with notably TRY and RUB under pressure from continued tensions with th ...

EUR/CHF breaks under 1.1500 and hits 2-month lows

Swiss franc strengthens across the board on Thursday. EUR/CHF suffers worst daily decline since mid-June and drops to 1.1450. The Swiss franc was among the top performers on Thursday on the day the Turkish Lira lost 5% triggering a sharp decline across emerging market currencies. EUR/CHF brok ...

EUR/CHF could grind lower towards 1.1369 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could have resumed the downside and could test 1.1369. Key Quotes “EUR/CHF has recently failed around its 200 day ma and the 50% retracement and we assume that strength since May was corrective only and that th ...

EUR/CHF could retreat to the 1.1369 level – Commerzbank

In light of the recent price action, the cross could slip back to the 1.1370 area, suggested Karen Jones, Head of FICC Technical at Commerzbank. Key Quotes “EUR/CHF has recently failed around its 200 day ma and the 50% retracement we will assume that strength since May was corrective only an ...

EUR/CHF targets 1.22 within a year’s view – Danske Bank

According to Analysts at Danske Bank, the Swiss Franc is expected to depreciate towards the 1.22 area vs. the shared currency in a 12-month horizon. Key Quotes “The SNB kept its dovish tone at the June meeting and maintained that the franc is ‘highly valued’ and kept the option o ...

EUR/CHF scope for a test of 1.1833 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could attempt a visit to the 1.1833 level. Key Quotes “EUR/CHF trades back around the 55 and 200 day moving averages. It has also overcome the top of its cloud resistance. When combined with the buy signal o ...

EUR/CHF to benefit from low volatility – Nomura

In FX markets, lower volatility in rate markets, especially European rates markets, could encourage carry trade type positions among European G10 FX, according to analysts at Nomura. Key Quotes “The central banks of low yielding currencies (like CHF and SEK) are more sensitive to th ...

Swiss FinMin Maurer: Current EUR/CHF rate is not a problem

Switzerland’s Finance Minister Ulrich Maurer was on the wires now, via Reuters, commenting on the exchange rate level. Key Headlines: Current EUR/CHF rate is not a problem. CHF exchange rate versus the EUR has normalized. Current SNB balance sheet is a limit of tolerance, would like to reduc ...

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 ...