Category Archive: 1) SNB and CHF

USD/CHF Technical Analysis: 50-DMA holds the key to monthly trend-line resistance

USD/CHF again confronts 50-DMA while seeking a downward resistance-line since August 01. 23.6% of Fibonacci retracement can offer immediate support. Swiss ZEW Survey – Expectations in the spotlight. Sustained trading beyond 23.6% Fibonacci retracement of April-August declines enables USD/CHF to near the 50-day simple moving average (DMA) while taking the bids to 0.9820 during Wednesday’s Asian session.

Read More »

USD/CHF technical analysis: Manages to hold above 0.9800 handle, 200-hour SMA

The USD/CHF pair struggled to sustain above 61.8% Fibo. level of the 0.9879-0.9714 recent slump and seems to have stalled this week's recovery move from the 0.9700 neighbourhood. The intraday downtick remained cushioned near the 0.9800 handle, which coincides with 100/200-hour SMA confluence region and should act as a key pivotal point for intraday traders.

Read More »

USD/CHF: Value of CHF calls hits highest since March 2018

Risk reversals on Swiss Franc (CHF1MRR), a gauge of calls to puts, dropped to the lowest level in 17-months, indicating the investors are adding bets to position for a rise in the Swiss currency. The USD/CHF one-month 25 delta risk reversals fell to -1.41 – a level last seen in March 2018.

Read More »

Die Nationalbank riskiert Ärger mit Donald Trump

Die Deviseninterventionen der Schweizerischen Nationalbank sorgen für Spannungen. Die Schweiz läuft Gefahr, von den USA als Währungsmanipulatorin gebrandmarkt zu werden. (K)ein Grund zur Sorge? In den vergangenen Wochen hat die Schweizerische Nationalbank (SNB) wiederholt am Devisenmarkt interveniert, um den Franken davor zu bewahren, noch stärker gegen die wichtigsten Handelswährungen wie Euro und Dollar zu steigen.

Read More »

USD/CHF technical analysis: 21-DMA exerts downside pressure

Following its U-turn from the 21-day simple moving average (DMA), USD/CHF confronts 23.6% Fibonacci retracement of April-August declines as it takes the bids to 0.9793 ahead of the European session on Wednesday.

Read More »

Philipp Hildebrands Coup: Gratisgeld für EU-Bürger

Vergangene Woche stellte Philipp Hildebrand, der frühere Präsident des Direktoriums der Schweizerischen Nationalbank (SNB), nun Vize-Präsident von Blackrock, auf Bloomberg ein Positionspapier vor.

Read More »

USD/CHF technical analysis: 50 percent Fibo. limits upside to 0.9835/37 resistance-confluence

USD/CHF seesaws near two-week high amid overbought RSI conditions. A confluence of six-day-old rising trend-line, 4H 200MA adds to the resistance. The USD/CHF pair’s one-week-old recovery seems to fade as the quote seesaws near 0.9814 during the Asian session on Tuesday.

Read More »

USD/CHF technical analysis: Heads to 0.9800/05 supply-zone amid bullish MACD

USD/CHF surges to seven-day high. Further upside to near-term key resistance-area expected based on the bullish technical indication. Carrying its early week's gradual recovery forward, USD/CHF rises to a week’s top while taking the bids to 0.9790 ahead of Friday’s European open.

Read More »

SNB sicher&solvent? Ja, meint Bern, und verweist auf Fussnote von Fussnote

Der Bundesrat behauptet, es bestehe bei der SNB kein Solvenz-Risiko. Er begründet das in seiner Botschaft an das Parlament mit einer Fussnote zu einer anderen Fussnote, die es in einer Festschrift so gar nicht gibt. Das ist liederliche Arbeit in Bundesbern; und das zu einem Thema, das staatspolitisch von grösster Tragweite ist.

Read More »

Nationalbank unter Interventionsdruck

Der Schweizer Franken wurde zuletzt deutlich stärker gegenüber dem Euro. (Bild: Pixeljoy/Shutterstock.com)Die Zinssenkunkung der US-Notenbank Fed und die von der EZB angekündigten Massnahmen zur Lockerung der Geldpolitik sowie die jüngsten Ereignisse im Handelskonflikt zwischen den USA und China haben den Druck auf den Franken erhöht. Die Schweizer Währung wurde zuletzt deutlich stärker.

Read More »

USD/CHF technical analysis: Greenback jumps and settles above 0.9726 as tariffs gets delayed

USD/CHF is trading off 2-month lows below the main daily simple moving averages (DSMAs). US equity markets are rising sharply as US tariffs are to be delayed to December 15. The news was perceived as risk-on, sending safe-haven CHF, JPY and gold down.

Read More »

USD/CHF technical analysis: Greenback under pressure below 0.9700 as sellers challenge June lows

CHF is up as Wall Street indices start the week in the red. The level to beat for bears are at the 0.9675 and 0.9660 levels.

Read More »

Nationalbank dürfte erneut interveniert haben

Darauf deuten die Sichtguthaben bei SNB hin, die als Indiz für solche Interventionen gelten und in der vergangenen Woche deutlich gestiegen sind. Die Einlagen von Bund und Banken lagen am 9. August bei 585,5 Milliarden Franken, wie die SNB am Montag mitteilte. Das ist ein Anstieg von rund 2,8 Milliarden gegenüber der Vorwoche.

Read More »

USD/CHF technical analysis: Greenback stable near 0.9755 as US stocks recover

The demand for the Swiss franc decreases as Wall Street indices are gaining strength. The level to beat for bulls are at 0.9790 and 0.9815 level.

Read More »

SNB erhält Lektion von der neuen Stoosbahn

Quizfrage: Was kurbelt den Schweizer Tourismus mehr an? Der Kauf von Hanf-Aktien in den USA für 80 Millionen Franken oder der Bau der Stoosbahn für 80 Millionen Franken? Welches ist Ihre Antwort, verehrte Leserin, verehrter Leser?

Read More »

Pound to Swiss Franc forecast: Investors flock to the CHF, will the Swiss National Bank curb demand for the Franc?

Sterling slides against the Swiss Franc as Brexit and the global economic outlook weigh on the Pound. The pound to Swiss franc exchange rate has fallen lower below 1.20 for the GBP vs CHF pair with interbank rates currently sitting at 1.189. The slide in the pound against the Swiss franc has presented those looking to sell Swiss francs with an opportunity to convert when compared to recent months.

Read More »

Pressure returns on Swiss franc amid global uncertainty

One knock-on effect of the escalating trade war between the United States and China is that the Swiss franc is becoming more attractive for investors – putting pressure on the Swiss National Bank (SNB) to come to the defence of the safe haven currency. For much of July a euro bought at least CHF1.10.

Read More »

SNB reports a profit of CHF 38.5 billion for the first half of 2019.

The Swiss National Bank reports a profit of CHF 38.5 billion for the first half of 2019. The profit on foreign currency positions amounted to CHF 33.8 billion. A valuation gain of CHF 3.8 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 1.1 billion. The SNB’s financial result depends largely on developments in the gold, foreign exchange and capital markets.

Read More »

Uptick in site deposits puts the spotlight on SNB intervention in the franc

Has the SNB started to intervene. The weekly site deposit data from the Swiss National Bank showed a small uptick but with some perspective, it's a notable turn. Bloomberg highlights the bump and what looks like a bid to keep EUR/CHF above 1.10.

Read More »

Swiss Central Bank under Pressure as Franc Rises

Yesterday, the Swiss franc reached its highest level against the euro in two years. The EUR/CHF exchange rate reached 1.097 on 24 July 2019, a rate not seen since early 2017. Upward pressure on the franc is partly being driven by expectations of interest rate cuts by eurozone and US central banks. In addition, the franc is considered a safe haven currency and typically rises when global risk perceptions rise.

Read More »