USD/CHF

The CPI reading for Switzerland in April was 2.9% YoY, its highest level since September 2008!

This is the largest drawdown from record since financial crisis…

The US Dollar Index (DXY) and USD/CHF have a very strong positive correlation.

Technical analysis on some of the most interesting markets right now

Commodity FX and equity futures were higher overnight, although the moves lacked any real volume so could simply be corrective at this stage.

Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time

The dollar is finally managing to show relative strength after weeks of indecisive price action. The US currency had been rising strongly in recent days against all the major currencies, except the likes of the euro, pound and Swiss franc. But at the start of this week, we have seen a sharp fall in the EUR/USD and a big rally in the USD/CHF. At the time of this writing, the dollar was also rising noticeably against the yen, pound and the Australian dollar. Bucking the trend was the Canadian dollar, which was supported by a stabilising price of oil. The Dollar Index was therefore up for the second consecutive day and above its 200-day moving average again.

The USD/CHF spent the whole of last week consolidating in a very tight range around that psychologically-important 1.00 handle. The consolidation suggests its coiling for […]

Friday’s US non-farm jobs report may well disappoint expectations after a number of leading indicators released throughout this week generally came out weaker than expected, […]

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 […]

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 […]

US traders are off to the races once again, and just like every other day this week, there’s a risk-on tone to early trade. Today’s […]

With the EUR/USD rallying to above 1.1300 level today, the USD/CHF is unsurprisingly dropping like a stone. The two currency pairs are inversely-correlated of course […]

Two weeks ago, we highlighted a constructive candlestick pattern off bullish trend line support on USD/CHF and concluded that the pair could well bounce toward […]

Markets are a bit more stable across the board today as traders navigate another essentially economic data-free day. The fundamental tranquility will likely be rudely […]