CHF
Danthine Says Franc Limit Is ‘Front and Center’ of SNB Policy
…the limit “with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose.” The Swiss central bank imposed the franc ceiling six months ago and maintained the level at its March 15 policy meeting, when it said…
Softer China HSBC Manufacturing PMIs Open Fresh Wave of Risk Liquidation
By Joel Kruger, Technical Strategist for DailyFX.com China PMI results open risk liquidation Commodity bloc and emerging market FX exposed Global equities also at risk for more sizable pullbacks ECB Draghi leaves door open for additional accommodation Risk correlated currencies have come under intensified pressure into Thursday, with these markets responding to the disappointing China [...]
Forex – USD/CHF hits 4-day high in risk-off trade
…down for the previous month. The Swissie was steady against the euro, with EUR/CHF dipping 0.01% to hit 1.2054. Later in the day, the U.S.
Watches prop up Swiss exports as strong franc weighs
…for the export sector. Only the luxury goods industry is able to counter the franc strength,” said VP bank analyst Joerg Zeuner. “But exporters will continue to wait in vain for the SNB to move the exchange rate target. The central bank will stick to its monetary…
USD/CHF Forecast March 22, 2012, Technical Analysis
…it is time to buy. Selling isn’t an option as the SNB is working against the4 Franc overall. Like us on Facebook > USD/CHF Forecast March 22, 2012, Technical Analysis Name S3 S2 S1 Pivot R1 R2 R3 Classic 0.9002 0.9039 0.9075 0.9112 0.9148 0.9185 0.9221 Fibonacci…
USD/CHF Fundamental Analysis March 22, 2012, Forecast
…in the real estate markets. In Europe today, the only data effecting the Franc was report from the RWI economic institute raised its forecast for the country’s 2012 economic growth Wednesday, but warned that risks to the outlook remain significant. Germany’s…
Technical Outlook of Key Markets to Watch Over Coming Sessions
By Joel Kruger, Technical Strategist for DailyFX.com EUR/USD could stall out above 1.3300; look to sell Yen crosses well overbought on daily charts; look to sell EUR/CHF could be poised for major upside break; look to buy EUR/AUD in the process of completing major base; look to buy US equities look like they may be [...]
Swiss Franc (CHF) Technical Major Currencies (2012-03-21)
The pair has failed to overcome the key resistance level hinted yesterday at 0.9145 zones as seen on the provided daily chart and this level succeeded in pushing the pair once again towards 0.9080 zones where 50% Fibonacci retracement level exists. Stoch
Dollar to Rise Against Franc on Interest-Rate Gain, RBS S
…dollar may rally versus the Swiss franc as stronger economic growth in the U.S. increases interest rates, according to Royal Bank of Scotland Plc. Investors should buy the franc and target appreciation to 99.50 centimes, Robert Sinche, global head of foreign…
IMF backs franc exchange rate policy
…“economic conditions normalise” the SNB should revert to a free floating currency and warned that a delay could increase the risk of inflation. The assessment came at the conclusion of an annual visit to Switzerland during which the IMF delegation held talks…
Australian Dollar’s Glow is Fading; Expect Undepeformance Going Forward
By Joel Kruger, Technical Strategist for DailyFX.com Aussie continues to show signs of underperformance RBA Minutes fairly positive but currency still offered Lower China equities factor into the price action Downbeat comments from BHP contribute to additional declines Fed speak later in the day should factor into price action US equities still look vulnerable at [...]
Risk Correlated Assets Could See Major Reversal Over Coming Days
By Joel Kruger, Technical Strategist for DailyFX.com Euro well supported ahead of key level, takes pressure off downside Equities still looking overdone to us; there are risks for pullback Pimco on wires with risk negative comments relating to Eurozone Australian Dollar at risk and showing notable divergence from equities Yen and Franc also worth watching [...]
USD/CHF Forecast for the Week of March 19, 2012, Technical Analysis
…we think that the market will run into massive support and buying there. The Swiss National Bank is continuing to work against the value of the Franc, albeit in the EUR/CHF pair. The pair has a floor in it at 1.20, and the market in that pair seems hell bent…
USD/CHF: Trading the Swiss Industrial Production
The Swiss Industrial Index measures change in production in the manufacturing, utilities and mining sectors. A reading that is higher than the market forecast is bullish for the Swiss franc. Here are all the details, and 5 possible outcomes for USD/CHF.
IDBI Bank fixes price for Swiss franc bonds
…the first lender to raise funds in this currency in 2012. The state-run bank launched its at least 100 million Swiss franc bond issue earlier in the day and Deutsche Bank is the sole arranger of the deal. “Against our launch size of 100 million Swiss Francs…
Fitch Rates Pemex’s CHF 300MM Proposed Debt Issuance ‘BBB’
…WIRE)–Fitch Ratings has assigned a ‘BBB’ rating to Petroleos Mexicanos’ (PEMEX) CHF300 million proposed notes issuance. The notes will mature in 2019. PEMEX’s ratings reflect its link to the government of Mexico and the company’s fiscal importance to the…
IDBI Bank prices 100 mln Swiss franc bonds at MS 274 bps -sce
…in this currency in 2012. The state-run bank launched its at least 100 million Swiss franc bond issue earlier in the day and Deutsche Bank is the sole arranger of the deal. The transaction follows a deal by Rural Electrification Corp (REC) in February, in…
GAM bets on weaker Swiss franc, SNB may shift cap
…- A GAM Holding fund manager says he has bought options expecting the Swiss franc to weaken over time against the euro as the global economy recovers, with the Swiss National Bank possibly using that momentum to shift its cap on the currency. Adrian Owens,…
US Dollar Could Find Additional Bids on Solid Friday Economic Data
By Joel Kruger, Technical Strategist for DailyFX.com Markets locked in consolidation ahead of US economic data US CPI, industrial production and Michigan confidence due Strong showing could ultimately weigh on US equities EURCHF back below 1.2100 following SNB decision Currencies have been mostly consolidating over the past 24 hours with the Euro finding bids ahead [...]
USD-CHF Hesitates Below Recent High
…and his articles have been featured in The Technical Analyst Magazine, The Forex Journal Magazine, The International Business Times and FXstreet.com. At FXTechstrategy.com, he writes daily, weekly and long-term technical commentaries on currencies and commodities,…
