USD/CHF FORECAST AND NEWS
Latest Swiss Franc News
USD/CHF Technical Overview
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USD/CHF Bullish Themes
USD/CHF Bearish Themes
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EUR/USD slipped on Thursday after Greenback pares some losses
EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week. The pair remains up for the trading week, but a late break for the US Dollar is on the cards as investors second-guess the Fed's stance on rate cuts.
GBP/USD posts modest gains above 1.2650, focus on the Fedspeak
The GBP/USD pair posts modest gains near 1.2670 during the early Asian session on Friday. Meanwhile, the USD Index recovers some lost ground after retracing to multi-week lows near 104.00 in the previous session.
USD/JPY climbs to near 156.00 as BoJ maintains bond-buying
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen encountered renewed pressure. This was sparked by the Bank of Japan maintaining its bond-buying amounts from the previous operation, opting against a surprise cut to debt purchasing earlier in the week.
Gold price loses momentum, with Fed speakers in focus
Gold price trades with a bearish bias on Friday after retreating from the nearly $2,400 barrier. The bullish move of precious metals in the previous sessions was bolstered by the softer-than-expected US inflation data in April, which triggered hope for rate cuts from the US Federal Reserve.
Oil extends the rally near $78.90, US inflation data boosts Fed rate cut expectations
Western Texas Intermediate, the US crude oil benchmark, is trading around $78.90 on Friday. The black gold edges higher amid the recent drop in US crude inventories and the possible interest rate cuts by the Federal Reserve.
Majors
Cryptocurrencies
Signatures
Influential Institutions & People for the USD/CHF
On the other
FED Official Website, on Twitter and Facebook
The Swiss National Bank (SNB)
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
The official website, on Twitter and YouTube
Jerome Powell
Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as a member of the Board of Governors will expire January 31, 2028. Born in Washington D.C., he received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. He also worked as a lawyer and investment banker in New York City. From 1997 through 2005, Powell was a partner at The Carlyle Group.
Jerome Powell Fed's Profile and Wikipedia
Thomas J. Jordan
Thomas J. Jordan was born in Bienne, Switzerland in 1963. Thomas J. Jordan is a member of the Board of Directors of the Bank for International Settlements (BIS) in Basle and the Steering Committee of the Financial Stability Board (FSB). He is the Governor of the International Monetary Fund (IMF) for Switzerland, and also Chairman of the G10 Central Bank Counterfeit Deterrence Group (CBCDG).
Jordan on SNB's Profile and Wikipedia
FED NEWS & ANALYSIS
SNB NEWS & ANALYSIS
About USD/CHF
The pair reflects how many Swiss Francs are needed to purchase one American dollar. Both currencies are considered safe-havens, although after the SNB lifted the peg with its currency with the EUR back in January 2015, the CHF has partially lost attractive in turmoil times, with speculative interest more inclined then to buy the JPY or Gold. With sentiment in risk-off mode, the American dollar tends to weaken more than any other safe-haven asset.