EUR/CHF seen around 1.20 in the next months – Danske Bank

Mathias Mogensen, Analyst at Danske Bank, believes the Swiss Franc could depreciate to the 1.20 area vs. the European currency in the longer run. Key Quotes “While EUR/USD has been bid in recent weeks, EUR/CHF has been under continued downward pressure. While US sanctions against Russia ...

EUR/CHF seen at 1.23 in 12-month – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen expects the cross to edge higher towards the 1.23 area within a year’s view. Key Quotes “While the ECB has entered ‘normalisation’ mode, the SNB has been keen to stay out of ‘exit’ discussions and used every opportunit ...

EUR/CHF: bid above the 55 day ma – Commerzbank

Karen Jones, Analyst at Commerzbank, maintains a firm near-term bullish view for the EUR/CHF cross until 55-day SMA support at 1.1656 is broken. Key quotes:  “EUR/CHF has once again made a marginal new high, which was not sustained and sold off. The new high of 1.1776 was accompanied b ...

EUR/CHF eyes 1.1800 in 6-month – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, sees the cross edging higher towards the 1.18 area in the medium term. Key Quotes “While the ECB has entered ‘normalisation’ mode, the SNB has been keen to stay out of ‘exit’ discussions and used every opportunity to stres ...

CHF: Swiss franc to underperform ahead of Oct ECB – ING

EUR/CHF has held onto its gains despite the Catalan crisis and will also be digesting the outcome of the Austrian elections over the weekend, notes the research team at ING. Key Quotes “We remain constructive on EUR/CHF but are a little surprised that CHF sight deposits (Mon) haven' ...

CHF: SNB stick to the overvalued franc script – ING

Swiss National Bank's Jordan continued to cite the franc as being overvalued, which has given some impetus to both EUR/CHF upside, notes the analysis team at ING. Key Quotes “EZ political risks are likely to keep the EUR soft, with noise over Catalan independence set to remain i ...

EUR/CHF rises back above 1.1500, ready to test 2017 highs?

EU/CHF accelerated to the upside today and broke above 1.1500. The pair reached two-week highs at 1.1516 and approached 2017 tops. The euro strengthened against the Swiss franc despite the Catalan quest for independence.  On Tuesday, the Catalan president, Carles Puigdemont, could declar ...

Small rebound expected in EUR/CHF – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the possibility of a small rebound in the cross. Key Quotes “EUR/CHF has sold off to the 3 month uptrend at 1.1418, this is likely to provoke a small rebound. We also note the divergence of the weekly RSI and this points t ...

CHF: Eurozone political woes brings 1.14 into focus – ING

Analysts at ING explain that EUR/CHF has been slowly recovering from last Monday's sell-off and they favour support holding around 1.1400 for the week ahead. Key Quotes “The main event-driven threat to the EUR this week may come from Thursday's release of ECB minutes and concer ...

CHF: Q2 equity outflows but large FDI inflows – Nomura

The Q2 Swiss balance of payments saw its current account surplus increase to CHF18.8bn with an improvement in the goods balance to CHF15.6bn from CHF9.9bn in Q1, notes the analysis team at Nomura. Key Quotes “Looking into the details, the CHF24.2bn foreign investor selling of Swiss equitie ...

EUR/CHF could have topped at recent highs – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, assessed the recent price action around EUR/CHF. Key Quotes “EUR/CHF’s recent new high at 1.1623 was accompanied by a TD perfected set up on the daily chart and a large divergence of the daily RSI. It has seen a sharp sell of ...

EUR/CHF to trend higher towards 1.20 over the coming year – Nomura

Nomura’s FX Strategists offer their thoughts on the EUR/CHF price-outlook over the coming year. Key Quotes: "Our ETF trackers suggest fewer euro area equities have been purchased since July. The North Korea risk premium in G10 FX could have been a contributing factor. But with the globa ...

CHF: Merkel fallout – ING

Analysts at ING explain that the poor performance of the centre parties at the weekend German elections has seen EUR/CHF correct lower. Key Quotes “What that may mean for Italian elections in 1Q18 remains to be seen, but the rise of the AFD in Germany warns that the prospect of greate ...

EUR/CHF could reach 1.18 in 6-month – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen believes the cross could attempt a test of the 1.1800 area in the medium term. Key Quotes “While the ECB has entered ‘normalisation’ mode, the SNB has been keen to stay out of ‘exit’ discussions and used every opportunity t ...