USD/CHF slips below 0.92 handle, lowest since June 2015

   •  USD continues losing ground across the board.    •  Risk-on mood does little to lend any support.     •  US economic data eyed for fresh impetus.  The USD/CHF pair extended its bearish slide for the fourth consecutiv ...

USD/CHF scope for a visit to 0.9072 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent sell-off has opened the door for a potential test of the 0.9070 region. Key Quotes “USD/CHF has eroded the base of its 2017-2018 down channel at .9231 and a long term Fibonacci retracement at .9200 thi ...

USD/CHF bounces off 2-1/2 year lows, above mid-0.9200s

   •  US bond yields help abate USD selling and prompt some short-covering.    •  Risk-on mood further weighing on CHF’s safe-haven demand. The USD/CHF pair trimmed some of its early losses and has managed to recover around 30-35 pips from over 2-1/ ...

USD/CHF still capped above 0.9400 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside continues to be capped by levels just above the 0.9400 handle. Key Quotes “USD/CHF continues to be capped by the 20 day ma at .9409 and is starting to weigh on the downside. The market ha ...

USD/CHF extends its falls amid USD weakness, calmer markets

The USD/CHF is trading on lower ground, sliding for the second day on US dollar weakness, lower stock volatility The pair is waiting for the US inflation report and also a speech by SNB member Fritz Zurbrugg. The technical picture is bearish The USD/CHF is trading lower on the day ...

USD/CHF consolidates in a narrowing triangle ahead of important events

The USD/CHF is trading within a narrowing channel as seen on the hourly chart. The Swiss franc has returned to its role as a safe haven currency but not a major one. Top-tier US releases later in the week are set to determine the next moves. The USD/CHF is trading around 0.9385, balanced o ...

USD/CHF faces consolidation near term – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot appears to be consolidating in the near term. Key Quotes “USD/CHF last week rallied to and halted at the initial test of the 20 day ma at .9437 and is consolidating near term. The market has recently reversed a ...

Forex Today: Risk-on back in Asia, BOE-speaks eyed amid light session

A turnaround in risk condition was witnessed in Asia on the first trading day of this week, with risk appetite returning to the markets, as reflected by rising Asian equities and oil prices. As a result, the higher-yielding/ risk currencies such as the AUD, NZD and GBP got a fresh lift at th ...

USD/CHF downside should hold near 0.9350 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional dips should be contained in the mid-0.9300s. Key Quotes “USD/CHF has eroded the accelerated downtrend but halted on the initial test of the 20 day ma at .9449. The market has recently reversed as expecte ...

USD/CHF jumps to 0.9450 amid a weak Swiss franc

USD gains momentum as Wall Street rallies.  CHF drops also versus EUR and GBP.  The USD/CHF pair is rising sharply above 0.9400. Recently broke above 0.9415 and jumped to 0.9449, reaching the highest level since January 25. The move to the upside was supported by weakens in the CH ...

USD/CHF jumps to 1-1/2 week tops, reclaims 0.94 handle

After an initial dip to 0.9340 level, the USD/CHF pair regained traction and is currently placed at 1-1/2 week tops, around the 0.9400 handle. The US Dollar extended its post-NFP recovery move and has been one of the key reasons behind the pair's steady recovery move for the fourth consecutiv ...

USD/CHF finds resistance at 0.9400 and retreats, still holds a bullish tone

Pair moving between 0.9300 and 0.9400.  Swiss franc failed to benefit significantly from risk aversion.  The USD/CHF pair continues to move with an upside bias supported by a stronger US dollar the board on the back of Wall Street sell-off. The Swiss franc appreciated only momentaril ...

USD/CHF faces strong resistance near 0.9400 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, expects spot to meet strong resistance in the proximity of the 0.9400 handle. Key Quotes “USD/CHF is bouncing from the August 2015 low at .9260 and the base of a one year down channel at .9238. This is key nearby support and w ...

USD/CHF recovery from multi-year lows falters

USD/CHF moves off 2 1/2-year low as dollar strengthens Upside seen limited USD/CHF extended a recovery on Monday and climbed to a peak of 0.9376 during the New York session before losing momentum.  The US dollar strengthened across the board, and continued to move away a 2 ½-yea ...

USD/CHF jumps to fresh session tops, closer to mid-0.9300s

   •  Reviving USD demand helps build on post-NFP rebound.     •  Risk-off mood/softer US bond yields do little to dampen sentiment. The USD/CHF pair quickly reversed an early dip to sub-0.9300 level and is currently placed at session tops, over 40-pip ...