Brexit Limbo
At present Theresa May is in talks with Jeremy Corbyn in order to try and come up with a mutually acceptable deal to put to Brussels. The problem is May can’t even get a deal that is acceptable within her own party let alone Labour as well.
Her deal has been rejected three times and Brussels are stone walling us on the Irish border. Brussels have reiterated there will be no changes to the deal on the table yet May continues to try and gain concessions.
I believe Brussels are making the UK’s exit from the EU very difficult. If the UK were to gain decent terms and leave in a quick fashion it could encourage other countries to follow suit, creating a domino effect. Brussels would like to avoid anything that threatens the bloc.
Brexit has reached an impasse and the situation will remain in Limbo until we get firm news on Brexit progression. Personally I feel we could be in a very similar position to where we are now in October.
CHF could gain value due to safe haven status
Sterling will liekly remain fragile against the Swiss franc and the majority of major currencies until we have some clarity on the Brexit situation. The Swiss franc could prove to be a destination of choice for investors due to global economic uncertainty. Ongoing trade wars that have been started by the Trump administration, a slowdown in economic global growth and Brexit are influencing investors to seek out safe haven currencies such as the Swiss franc which could strengthen the currency against the pound.
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Will CHF/GBP Be a Good Currency Pair for Investment in the Future?
Trade between the UK and Switzerland is robust these days and it’s not going to get any worse for a long time. Even with the economic turmoil resulting from Brexit, the trade between these two countries was set to stay strong due to the special deal signed by them in 2019. As the situation stands now, trade agreements are solid, so these business relationships should only strengthen.
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing
The pound continued to strengthen against the Swiss franc yesterday following the news that the UK’s current lockdown situation appears to be slowing the spread of COVID-19, causing a 0.85% movement in GBPCHF exchange rates throughout the day.
USD/CHF technical analysis: Bearish MACD questions upside beyond 21/200-day EMA
USD/CHF trades near the weekly top following a sustained break of the key resistance confluence. 50% Fibonacci retracement, multiple resistance lines on the buyers’ radar. On early Friday, the USD/CHF pair trades successfully above 21 and 200-day Exponential Moving Average (EMA) confluence while taking the bids to 0.9925.
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USD/CHF technical analysis: Jumps back closer to over 1-week tops
The intraday pullback finds decent support ahead of 0.9900 handle. Move beyond 0.9935 will set the stage for additional near-term gains. The USD/CHF pair did witness some intraday pullback but showed some resilience below 38.2% Fibonacci level of the 1.0028-0.9837 recent downfall. The pair managed to find decent support near 200-hour SMA and has now moved back closer to over one-week tops set earlier this Friday.
SNB erzielt in den ersten 9 Monaten 2019 Gewinn von über 50 Milliarden Franken
Insgesamt verdiente die Nationalbank in der Periode von Januar bis September 2019 51,5 Milliarden Franken, wie sie am Donnerstag mitteilte. Nach einem Plus von 38,5 Milliarden in der ersten Jahreshälfte kamen damit im dritten Jahresviertel nochmals 13,0 Milliarden dazu.
Robinhood’s “Infinite Money Cheat Code” Gives Traders Access To Unlimited Funds
If one is a central bank – such as the SNB and BOJ – life is easy: you just print as much money as you need out of thin air, and buy whatever you want, without regard for price. For those who are not central banks, having access to unlimited borrowed money may be the next best thing.
USD/CHF extends rally to 0.9975, highest since mid-October
Swiss Franc amid the worst performers on Thursday amid positive trade headlines. US dollar rises supported by higher US yields; Wall Street hits a new record. The USD/CHF pair broke to the upside after trading sideways around 0.9925 for hours. It climbed to 0.9975, reaching a three-week high. Near the end of the session, it is consolidating gains, holding above relevant short-term technical levels.
USD/CHF Technical Analysis: 5-week-old triangle can limit declines below 200-bar SMA
USD/CHF fails to extend uptick beyond 200-bar SMA, 50% Fibonacci retracement. The symmetrical triangle continues to favor sideways momentum. While failure to break 200-bar SMA and 50% Fibonacci retracement speaks loudly of the USD/CHF pair’s weakness, a month-old symmetrical triangle could restrict pair’s near-term moves.
Tags: Jeremy Corbyn,newsletter,Theresa May
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