CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

2024-10-23

The US Dollar rolls through markets and strengthens against most major G20 currencies.
US equities are falling further while markets calibrate the new normal for the Fed interest-rate outlook. 
The US Dollar index adds even more gains to its October rally and trades in a crucial technical area. 
The US Dollar (USD) speeds up its rally this Wednesday just ahead of the US Opening Bell, fueled by uncertainty ahead of the US presidential election and safe-haven inflow after equities extend their downbeat performance. Meanwhile, US bonds are continuing to sell off, which means US rates are surging with the US 10-year benchmark having rallied from 4.07% on Monday to 4.23% on Wednesday. The King Dollar is back on the scene and might even accelerate further as uncertainty

2024-09-23

The Swiss National Bank is expected to cut its benchmark interest rate by 25 basis points on Thursday, from 1.25% to 1.0%.

2024-09-20

The US Dollar consolidates on Friday after weakening further on Thursday..
Traders have repriced the US Dollar amidst the Bank of Japan and Bank of England’s decisions to keep rates on hold. 
The US Dollar Index falls outside its tight bandwidth, a sign that could dive lower next week. 
The US Dollar (USD) trades broadly steady on Friday after Thursday’s sharp decline, when traders revalued the Greenback after the US Federal Reserve (Fed) joined the European Central Bank (ECB) and several others by starting its interest-rate cutting cycle. Quite a different picture comes from the Bank of England (BoE) and the Bank of Japan (BoJ), which decided to keep interest rates steady, causing the US Dollar to struggle against the British Pound (GBP) and the Japanese Yen

2024-09-18

EUR/CHF has unfolded a correction over the last four days. This move now looks almost complete and the bullish prior move is likely to resume. EUR/CHF pulls back in the middle of a recovery rally.