USD/CHF FORECAST AND NEWS
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EUR/USD finds demand above 1.0800 ahead of key US data
EUR/USD is finding fresh demand above 1.0800 in European trading on Tuesday. A minor improvement in the market mood offsets a pause in the US Dollar correction, offering support to the pair ahead of top-tier US economic data releases.
GBP/USD regains traction toward 1.3000 as risk sentiment improves
GBP/USD has regained upside traction, nearing 1.3000 in the European session on Tuesday. A positive shift in risk sentiment helps the pair recover ground amid bets for smaller Fed rate cuts, which checks the US Dollar correction ahead of key US jobs data and corporate earnings results.
Japanese Yen weakens below 153.00 against USD, remains close to multi-month low
The Japanese Yen surrenders modest intraday gains amid the BoJ rate-hike uncertainty. An unexpected dip in Japan’s jobless rate and intervention fears might limit JPY losses. Traders now await the BoJ and important US macro data before placing directional bets.
Gold price consolidates near record high, holds above $2,750 ahead of US macro data
Gold price maintains its bid tone through the early part of the European session on Tuesday and currently trades just above the $2,750 level, within the striking distance of the all-time peak touched last week.
WTI remains subdued around $67.50, pares losses as US plans for SPR purchases
WTI price recovers some of its daily losses as the US plans to purchase Oil for its Strategic Petroleum Reserve. The US announced to acquisition of up to 3 million barrels for delivery by May next year. Oil prices declined as limited military actions reduced concerns over a potential full-scale conflict in the Middle East.
Majors
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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