News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 68.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Od7eL4ih4L
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.38% Gold: 0.30% Oil - US Crude: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wQaxDJ4OL5
  • 2021 has been a marginally positive year for the Indian Rupee (INR) following similar trends exhibited by other Emerging Market (EM) currencies. Get your $IRN update from @WVenketas here: https://t.co/ZVYvhWwtqc https://t.co/v9Or9Wbr00
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.23% France 40: 0.09% US 500: -0.01% Wall Street: -0.12% FTSE 100: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/G1sovXmpL4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 69.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wV5vwmmXEJ
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfIZNKr https://t.co/YgOdg2ric6
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.10% 🇨🇭CHF: 0.06% 🇪🇺EUR: -0.10% 🇬🇧GBP: -0.32% 🇳🇿NZD: -0.34% 🇦🇺AUD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3EGMaDjT3i
  • GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 07, 2021 when GBP/JPY traded near 140.83. A contrarian view of crowd sentiment points to GBP/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/gVLxfrvYB4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 69.04%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/IJcnNf27Os
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.52% Gold: 0.27% Oil - US Crude: 0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/l5ibUSvT23
USD/CHF Outlook: Will EU Recession Risks Boost Swiss Franc?

USD/CHF Outlook: Will EU Recession Risks Boost Swiss Franc?

Dimitri Zabelin, Analyst

US DOLLAR, SWISS FRANC, USD/CHF, FED SPEAK – Talking Points

  • US Dollar may fall vs Swiss Franc on growing Eurozone recession concerns
  • Demand for the regional anti-risk asset could prolong the decline in USD/CHF
  • Fundamentals conflicting with technicals? USD/CHF showing signs of recovery

ASIA-PACIFIC RECAP

Early into Asia’s Thursday trading session, APAC equities were mixed after Wall Street closed the day with the S&P 500 index over four percent higher. The source of the rally came from a multiple one factors. One of which was optimism about the prospect of containing the coronavirus after Congress signed a bill providing billions of dollars’ worth of funding to stop the spread. However, in South Korea, officials reported that the total number of those infected rose to over 5,700.

US DOLLAR MAY SUFFER VS SWISS FRANC

The US Dollar may fall against the Swiss Franc if fear about a Eurozone recession amplifies demand for the anti-risk CHF. EU officials sent a chilling message about Italy’s and France’s growth prospects, warning that the bloc’s second and third largest economies could be at risk of falling into a recession. Meanwhile, Germany – the “steam engine” of Europe – is not far behind as it contends with weaker demand from its neighbors.

Starts in:
Live now:
Jan 19
( 10:01 GMT )
Recommended by Dimitri Zabelin
Trading Sentiment
Register for webinar
Join now
Webinar has ended

The spread of the coronavirus throughout the continent comes at a time when regional economies were beginning to show signs of stabilization after being haunted by intensified political woes. Some of these include turbulent Italian politics, Brexit and growing inter-regional discontent as the tension between North and South intensifies over structural reforms and fiscal autonomy.

Now, the spread of COVID-19 to these already-vulnerable economies against the backdrop of a fragile global economy is inflaming recession risks as countries like Italy close schools and towns. Panic about the virus is also being amplified by commentary from Germany’s Health Minister who says COVID-19 has become a “global pandemic”.

USD/CHF PRICE CHART

USD/CHF may attempt to climb out of the two-year low hole it is currently trading in as it eyes former support-turned-resistance between 0.9610 and 0.9649. Clearing that ceiling opens the door to further gains until the pair encounters friction at 0.9844, though there will likely be some upside agitation along the way. For more updates on USD/CHF, be sure to follow me on Twitter @ZabelinDimitri.

USD/CHF – Daily Chart

Chart showing USD/CHF

USD/CHF chart created using TradingView

US DOLLAR TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES