Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
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.
Dollar could find renewed strength ahead of CPI, FOMC
The USD/CHF is on watch as dollar catches bid against currencies where the central bank remains dovish
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!
Open an account today
Tight spreads from 0.5 pts on FX and 1 pt on indices.
Award-winning platforms with fast and secure execution.
Is it time for USD/CHF to pullback ahead of parity as DXY consolidates?
The US Dollar Index (DXY) and USD/CHF have a very strong positive correlation.
Technical Tuesday: DJIA, USD/CHF and Copper
Technical analysis on some of the most interesting markets right now
European Open: Markets retrace against Friday’s losses
Commodity FX and equity futures were higher overnight, although the moves lacked any real volume so could simply be corrective at this stage.
How to use the Gold USD correlation to trade fx
Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time
King Dollar Returns
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.
USD/CHF looks poised for a big move
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 […]
USD/CHF: six months of smart-money bullish accumulation?
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, […]
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 […]
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 […]
USD/CHF: Why parity may prove to be a near-term top
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 […]
USD/CHF’s triple top: confirmed
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 […]
USD/CHF: All eyes on 1.0200-10 resistance ahead of the Fed
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 […]
USD/CHF: Bulls remain in control…for now
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 […]
30 days risk-free trading with £10,000 in virtual funds
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 […]
USD/CHF: stage set for a big move as Fed meeting looms
Risk assets have surged higher over the past 1.5 days and today the dollar has joined the fun, rising against most major currencies including the […]
ECB Recap: Krampus Draghi delivers two unimpressive lumps of coal to EUR/USD bears
Yesterday, we asked whether Saint Draghi would bring a shiny new present or a lump of coal to expectant EUR/USD bears. Today we learned that […]
November recap: USD reigns, but upstart Aussie takes the cake
For anyone trading FX through the month of November, the most obvious theme was the resurgence of the US dollar bullish trend. This move was […]
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 […]
USD/CHF bulls gunning for pre-SNB “Black Thursday” levels
After some classic minimal data consolidation in the forex markets last week, traders are eagerly awaiting some top-tier economic reports (and hopefully accompanying volatility) this […]