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SNB hikes 75bps, but Franc’s not satisfied
The SNB hiked rates by 75bps today. However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come.
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
The SNB could surprise (again) with a larger than expected hike
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011.
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Heed the SNB’s warning if inflation reading is high!
The SNB has already given warnings that it could take monetary policy action between meetings if necessary.
SNB surprises everyone and hikes 50bps! USD/CHF falls 300 pips
The central bank also said the franc is no longer overvalued; however, they stand ready to intervene in the fx market if necessary.
European Open: GBP/CHF in focus for today’s SNB and BOE meetings
Hot on the heels of the Fed meeting, the SNB (Swiss National Bank) and BOE (Bank of England) are up next in today’s European session.
Swiss CPI strong; Is the SNB ready to act?
The CPI reading for Switzerland in April was 2.9% YoY, its highest level since September 2008!
Are SNB being ‘franc’ about a potential hike?
Comments from SNB’s president suggest the central bank might be closer to hiking rates sooner than some expect.
EUR/CHF has potential for a big drop (but not THAT big)
A possible 175 pip move down to 1.0334 is definitely something to be on the lookout for
Czeched-out: CNB drops peg with the euro
If you want to drop a currency peg, then the CNB can show you how to do it. After dropping the EUR/CZK peg earlier today […]
EUR/CHF: Forgotten FX pair may come back to life
The EUR/CHF has been a forgotten currency pair, but is the worst days behind it now? The franc has been stubbornly strong against the euro. […]
USD/CHF coiling for a big breakout?
The daily chart of the USD/CHF (figure 1) continues to show constructive technical signals as far as the bullish case is concerned. Obviously the biggest […]
Fed lands a direct hit as the currency war crossfire continues
Military analysts often draw a distinction between “hot” wars, which involve armed military conflict between nations, and “cold” wars, where enemy factions use economic and […]
USD/CHF hits a 5-month low as the SNB stands pat
At the start of the week, we highlighted today’s Swiss National Bank meeting as a potential under-the-radar event risk that many traders were overlooking. As […]
USD/CHF: Will the SNB match the ECB’s bold easing?
It’s been a quiet start to what promises to be an extremely active week for global traders. As of writing ahead of an all-too-early, post-daylight-savings-time […]
How EUR/USD traders can use the USD/CHF correlation in 2016
As we noted earlier today, there’s not much hitting the wires in terms of actionable economic news (beyond the slight negative, but still better-than-expected revision […]
FX recap: No surprises from central banks; EUR/USD hits resistance
Generally speaking, the FX markets are likely to be directionless until the Federal Reserve’s much-anticipated policy meeting next Wednesday. However, some currencies like the Australian […]
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USD/CHF hits best level since Aug 2010
The stellar US October jobs report and continued hawkish talk from the US Federal Reserve, combined with dovish central banks elsewhere has seen the dollar […]
GBP/CHF could surge as SNB responds to ECB’s policy; UK GDP eyed
It has been a slow day in the FX markets today after last week’s ECB-inspired sell-off in the euro had raised volatility across many currency […]
EUR/CHF above 1.10 for first time since SNB’s bombshell
The EUR/CHF has broken above 1.10 handle for the first time since THAT disastrous day in January when the Swiss National Bank (SNB) abandoned its […]
Greek Pin Action: Will GBP Take on CHF’s Safe Haven Mantle?
As Greece’s debt negotiations deteriorated this weekend, traders piled in to buy the “safe-haven” Swiss franc. In turn, the rapid appreciation in the value of […]